3-bed · 2,146 sqft23 Marina Tower, Dubai Marina · 24th floor · completed 2012

2403, 23 Marina Tower

Sold prices and rental history: sold 5 times, last in November 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2403 · DLD and Ejari recordsUpdated 22 November 2023
Last soldAED 2.7M22 November 2023
Current rentAED 175K /yr15 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2403, 23 Marina Tower

What is 2403 worth today?

Last sold for AED 2,700,000 in 2023

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22 Nov 2023SoldReady
AED 2,700,000AED 1,258 per sqft
15 Jun 2023RentedRenewal
AED 175,000/yr6 months · AED 82 per sqft
15 Jun 2022RentedNew contract
AED 165,000/yr12 months · AED 77 per sqft
28 Nov 2020RentedNew contract
AED 100,000/yr12 months · AED 47 per sqft
9 Nov 2019RentedRenewal
AED 171,000/yr12 months · AED 80 per sqft
9 Nov 2018RentedRenewal
AED 174,420/yr12 months · AED 81 per sqft
9 Nov 2017RentedNew contract
AED 171,000/yr12 months · AED 80 per sqft
1 Nov 2016RentedRenewal
AED 195,000/yr12 months · AED 91 per sqft

Source: Dubai Land Department. Updated 22 November 2023.

Key facts

Type
3-bed apartment
Size
2,146 sqft
Floor
24th of 88
Parking
P2-7,52
Developer
Hircon International
Completed
2012
Service charge
AED 41,300 /yr
Last sold
AED 2.7M · November 2023

About 2403, 23 Marina Tower

2403 is a three-bedroom apartment of 2,146 sqft on the 24th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 22 November 2023 for AED 2,700,000, or AED 1,258 per sqft, 6% above the AED 1,188 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 15 June 2023, is AED 175,000 a year: a gross yield of 6.5% on the 2023 price, before the service charge of about AED 41,300 a year.

Sales and rents for 2403 over time

Sales
Unit 2403, each saleTypical three-bed in 23 Marina Tower
2M4M2009201420192024Typical sale price by year: 2009 AED 2,591,257; 2010 AED 2,390,742; 2011 AED 1,856,941; 2012 AED 2,375,388; 2013 AED 2,699,226; 2014 AED 3,000,000; 2015 AED 3,300,000; 2016 AED 2,450,000; 2017 AED 2,605,000; 2018 AED 2,100,100; 2019 AED 2,000,000; 2020 AED 1,500,000; 2021 AED 2,200,000; 2022 AED 2,130,000; 2023 AED 3,465,000; 2024 AED 2,957,419; 2025 AED 3,850,001; 2026 AED 3,100,000Sold by developer, July 2009: AED 1,970,345 (AED 918 per sqft)Sold, September 2012: AED 1,900,000 (AED 885 per sqft)Sold, April 2013: AED 1,900,000 (AED 885 per sqft)Sold, December 2013: AED 2,850,000 (AED 1,327 per sqft)Sold, November 2023: AED 2,700,000 (AED 1,258 per sqft)

2403 has sold 5 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2403, each contractTypical three-bed in 23 Marina Tower
100K200K2012201620202024Typical rent by year: 2012 AED 150,000; 2013 AED 182,308; 2014 AED 201,400; 2015 AED 216,500; 2016 AED 200,000; 2017 AED 190,000; 2018 AED 180,000; 2019 AED 165,000; 2020 AED 137,500; 2021 AED 145,000; 2022 AED 167,500; 2023 AED 200,000; 2024 AED 200,000; 2025 AED 209,200; 2026 AED 210,000New contract, December 2013: AED 190,000 a yearNew contract, December 2014: AED 199,500 a yearNew contract, November 2015: AED 195,000 a yearRenewal, November 2016: AED 195,000 a yearNew contract, November 2017: AED 171,000 a yearRenewal, November 2018: AED 174,420 a yearRenewal, November 2019: AED 171,000 a yearNew contract, November 2020: AED 100,000 a yearNew contract, June 2022: AED 165,000 a yearRenewal, June 2023: AED 175,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in 23 Marina Tower, and where 2403 sits

All 192 3-beds →

2403 last sold in November 2023 at AED 1,258 per sqft, 6% above what three-beds in 23 Marina Tower were fetching at the time (AED 1,188). Over the last 12 months three-beds sold for AED 2,700,000 to 4,500,000, around AED 1,375 per sqft, and rent for AED 60,055 to 305,000 a year. 2403's AED 175,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
18 Sep 20264,500,000
18 Sep 20262,900,000
16 Sep 20263,000,000
16 Sep 20262,950,000
9 3-bed sales in the last 12 months

23 Marina Tower

Building

289 apartments, 2-bed to 5-bed over 88 floors in Dubai Marina, completed in 2012 by Hircon International. 14 sold in the last 12 months.

Typical price per sqft
AED 1,370 Down 6.1%
Typical sale
AED 3.13M
Typical rent
AED 203K /yr
Typical yield
6.1%
23 Marina Tower, Dubai Marina: prices, sales and rents →

Other units on the 24th floor

All 289 units in 23 Marina Tower
Value
24013-bedAED 1.81M · Mar 2013
24022-bedAED 2M · Sep 2018
24043-bedAED 3.3M · Jul 2024
24052-bedAED 1.75M · Oct 2013
24063-bedAED 1.85M · Mar 2023

2403, 23 Marina Tower in numbers

  • Sold 5 times: first on 7 July 2009 for AED 1,970,345, last on 22 November 2023 for AED 2,700,000 (AED 1,258 per sqft).
  • Rented since December 2013 on 10 Ejari contracts. The rent fell from AED 190,000 to AED 100,000 in 2020 and recovered to AED 175,000 by June 2023.
  • At AED 175,000 a year the gross yield on the 2023 price is 6.5%, before a service charge of about AED 41,300 a year (AED 19.25 per sqft).
  • Three-beds in 23 Marina Tower sold for AED 2,700,000–4,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,370 per sqft.

Source: Dubai Land Department. Updated 22 November 2023.

Questions about 2403, 23 Marina Tower

What did unit 2403 last sell for?

AED 2,700,000 on 22 November 2023: AED 1,258 per sqft for 2,146 sqft. The unit has 5 registered sales; the first was AED 1,970,345 in July 2009.

What is the rent for unit 2403?

AED 175,000 a year on the contract renewed on 15 June 2023. The previous contract, from June 2022, was AED 165,000; the unit has been rented since December 2013.

How big is unit 2403?

2,146 sqft (199.4 sqm): a three-bedroom apartment on the 24th floor of a 88-storey tower completed in 2012.

What is unit 2403 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in 23 Marina Tower sold for AED 2,700,000 to 4,500,000 in the last 12 months, around AED 1,375 per sqft.

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Mortgage on 2403, 23 Marina Tower

Starts from the last sale price (AED 2.7M, 22 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,700,000
Deposit, UAE resident (20%)
AED 540,000
Deposit, non-resident (40%)
AED 1,080,000
Monthly over 25 years at 3.7%
AED 11,047

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →