2-bed · 1,617 sqft23 Marina Tower, Dubai Marina · 24th floor · completed 2012

2405, 23 Marina Tower

Sold prices and rental history: sold 3 times, last in October 2013, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2405 · DLD and Ejari recordsUpdated 1 July 2020
Last soldAED 1.75M1 October 2013
Current rentAED 135K /yr1 July 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2405, 23 Marina Tower

What is 2405 worth today?

Last sold for AED 1,750,000 in 2013

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

1 Jul 2020RentedNew contract
AED 135,000/yr12 months · AED 84 per sqft
1 Oct 2013SoldReady
AED 1,750,000AED 1,082 per sqft
31 Jul 2013RentedNew contract
AED 99,465/yr12 months · AED 62 per sqft
28 Nov 2012SoldReady
AED 1,536,849AED 950 per sqft
16 Jul 2009Sold by developerOff-plan
AED 1,536,849AED 950 per sqft

Source: Dubai Land Department. Updated 1 July 2020.

Key facts

Type
2-bed apartment
Size
1,617 sqft
Floor
24th of 88
Parking
B4-56
Developer
Hircon International
Completed
2012
Service charge
AED 31,100 /yr
Last sold
AED 1.75M · October 2013

About 2405, 23 Marina Tower

2405 is a two-bedroom apartment of 1,617 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 1 October 2013 for AED 1,750,000, or AED 1,082 per sqft, 17% above the AED 924 two-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 1 July 2020, is AED 135,000 a year: a gross yield of 7.7% on the 2013 price, before the service charge of about AED 31,100 a year.

Sales and rents for 2405 over time

Sales
Unit 2405, each saleTypical two-bed in 23 Marina Tower
1M2M2009201420192024Typical sale price by year: 2009 AED 1,519,230; 2010 AED 1,404,509; 2012 AED 1,494,159; 2013 AED 1,408,778; 2014 AED 2,400,000; 2016 AED 1,985,000; 2018 AED 1,950,000; 2020 AED 1,150,000; 2021 AED 1,225,000; 2023 AED 1,787,500; 2025 AED 2,200,000; 2026 AED 2,150,000Sold by developer, July 2009: AED 1,536,849 (AED 950 per sqft)Sold, November 2012: AED 1,536,849 (AED 950 per sqft)Sold, October 2013: AED 1,750,000 (AED 1,082 per sqft)

2405 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2405, each contractTypical two-bed in 23 Marina Tower
100K125K150K2012201620202024Typical rent by year: 2012 AED 125,000; 2013 AED 132,500; 2014 AED 150,000; 2015 AED 150,000; 2016 AED 150,000; 2017 AED 149,000; 2018 AED 127,000; 2019 AED 118,169; 2020 AED 109,000; 2021 AED 95,000; 2022 AED 105,000; 2023 AED 121,000; 2024 AED 140,000; 2025 AED 150,000; 2026 AED 132,500New contract, July 2013: AED 99,465 a yearNew contract, July 2020: AED 135,000 a year

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

2-beds in 23 Marina Tower, and where 2405 sits

All 48 2-beds →

2405 last sold in October 2013 at AED 1,082 per sqft, 17% above what two-beds in 23 Marina Tower were fetching at the time (AED 924). Over the last 12 months two-beds sold for AED 2,100,000 to 3,250,000, around AED 1,329 per sqft, and rent for AED 125,000 to 205,000 a year. 2405's AED 135,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
14 Aug 20262,100,000
22 Jul 20262,150,000
12 Jun 20263,250,000
30 Oct 20252,200,000
3 2-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
24033-bedAED 2.7M · Nov 2023
24043-bedAED 3.3M · Jul 2024
24063-bedAED 1.85M · Mar 2023

2405, 23 Marina Tower in numbers

  • Sold 3 times: first on 16 July 2009 for AED 1,536,849, last on 1 October 2013 for AED 1,750,000 (AED 1,082 per sqft).
  • Rented since July 2013 on 2 Ejari contracts, from AED 99,465 to AED 135,000 a year.
  • At AED 135,000 a year the gross yield on the 2013 price is 7.7%, before a service charge of about AED 31,100 a year (AED 19.25 per sqft).
  • Two-beds in 23 Marina Tower sold for AED 2,100,000–3,250,000 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 1 July 2020.

Questions about 2405, 23 Marina Tower

What did unit 2405 last sell for?

AED 1,750,000 on 1 October 2013: AED 1,082 per sqft for 1,617 sqft. The unit has 3 registered sales; the first was AED 1,536,849 in July 2009.

What is the rent for unit 2405?

AED 135,000 a year on the contract signed on 1 July 2020. The previous contract, from July 2013, was AED 99,465.

How big is unit 2405?

1,617 sqft (150.2 sqm): a two-bedroom apartment on the 24th floor of a 88-storey tower completed in 2012.

What is unit 2405 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in 23 Marina Tower sold for AED 2,100,000 to 3,250,000 in the last 12 months, around AED 1,329 per sqft.

Selling 2405? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 2405, 23 Marina Tower

Starts from the last sale price (AED 1.75M, 1 October 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,750,000
Deposit, UAE resident (20%)
AED 350,000
Deposit, non-resident (40%)
AED 700,000
Monthly over 25 years at 3.7%
AED 7,160

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