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3-bed · 2,161 sqft23 Marina Tower, Dubai Marina · 24th floor · completed 2012

2406, 23 Marina Tower

Sold prices and rental history: sold 4 times, last in March 2023, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2406 · DLD and Ejari recordsUpdated 2 March 2023
Last soldAED 1.85M2 March 2023
Current rentAED 140K /yr21 September 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2406, 23 Marina Tower

What is 2406 worth today?

Last sold for AED 1,850,000 in 2023

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2 Mar 2023SoldReady
AED 1,850,000AED 855 per sqft
21 Sep 2019RentedRenewal
AED 140,000/yr12 months · AED 65 per sqft
2 Sep 2018RentedRenewal
AED 149,129/yr13 months · AED 69 per sqft
2 Sep 2017RentedNew contract
AED 175,000/yr12 months · AED 81 per sqft
18 Jun 2013SoldReady
AED 2,620,000AED 1,212 per sqft
24 Dec 2012SoldReady
AED 2,179,591AED 1,008 per sqft
7 Jul 2009Sold by developerOff-plan
AED 2,179,591AED 1,008 per sqft

Source: Dubai Land Department. Updated 2 March 2023.

Key facts

Type
3-bed apartment
Size
2,161 sqft
Floor
24th of 88
Parking
B3-27,28
Developer
Hircon International
Completed
2012
Service charge
AED 41,600 /yr
Last sold
AED 1.85M · March 2023
Building
23 Marina Tower

About 2406, 23 Marina Tower

2406 is a three-bedroom apartment of 2,161 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 2 March 2023 for AED 1,850,000, or AED 855 per sqft, 12% below the AED 971 three-beds in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, renewed on 21 September 2019, is AED 140,000 a year: a gross yield of 7.6% on the 2023 price, before the service charge of about AED 41,600 a year.

Sales and rents for 2406 over time

Sales
Unit 2406, 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 2,179,591 (AED 1,008 per sqft)Sold, December 2012: AED 2,179,591 (AED 1,008 per sqft)Sold, June 2013: AED 2,620,000 (AED 1,212 per sqft)Sold, March 2023: AED 1,850,000 (AED 855 per sqft)

2406 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2406, each contractTypical three-bed in 23 Marina Tower
150K200K2012201620202024Typical 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, September 2017: AED 175,000 a yearRenewal, September 2018: AED 149,129 a yearRenewal, September 2019: AED 140,000 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 2406 sits

All 192 3-beds →

2406 last sold in March 2023 at AED 855 per sqft, 12% below what three-beds in 23 Marina Tower were fetching at the time (AED 971). 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. 2406's AED 140,000 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
24033-bedAED 2.7M · Nov 2023
24043-bedAED 3.3M · Jul 2024
24052-bedAED 1.75M · Oct 2013

2406, 23 Marina Tower in numbers

  • Sold 4 times: first on 7 July 2009 for AED 2,179,591, last on 2 March 2023 for AED 1,850,000 (AED 855 per sqft).
  • Rented since September 2017 on 3 Ejari contracts, from AED 175,000 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2023 price is 7.6%, before a service charge of about AED 41,600 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 2 March 2023.

Questions about 2406, 23 Marina Tower

What did unit 2406 last sell for?

AED 1,850,000 on 2 March 2023: AED 855 per sqft for 2,161 sqft. The unit has 4 registered sales; the first was AED 2,179,591 in July 2009.

What is the rent for unit 2406?

AED 140,000 a year on the contract renewed on 21 September 2019. The previous contract, from September 2018, was AED 149,129; the unit has been rented since September 2017.

How big is unit 2406?

2,161 sqft (200.8 sqm): a three-bedroom apartment on the 24th floor of a 88-storey tower completed in 2012.

What is unit 2406 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 2406, 23 Marina Tower

Starts from the last sale price (AED 1.85M, 2 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,850,000
Deposit, UAE resident (20%)
AED 370,000
Deposit, non-resident (40%)
AED 740,000
Monthly over 25 years at 3.7%
AED 7,569

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