2-bed · 1,617 sqft23 Marina Tower, Dubai Marina · 25th floor · completed 2012

2502, 23 Marina Tower

Sold prices and rental history: sold 3 times, last in April 2016, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2502 · DLD and Ejari recordsUpdated 1 June 2023
Last soldAED 2.1M12 April 2016
Current rentAED 116K /yr1 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2502, 23 Marina Tower

What is 2502 worth today?

Last sold for AED 2,100,000 in 2016

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1 Jun 2023RentedRenewal
AED 115,792/yr10 months · AED 72 per sqft
1 Jun 2022RentedNew contract
AED 110,000/yr12 months · AED 68 per sqft
1 May 2020RentedRenewal
AED 122,000/yr12 months · AED 75 per sqft
1 May 2019RentedRenewal
AED 130,000/yr12 months · AED 80 per sqft
1 May 2018RentedRenewal
AED 145,000/yr12 months · AED 90 per sqft
1 May 2017RentedRenewal
AED 160,000/yr12 months · AED 99 per sqft
1 May 2016RentedNew contract
AED 170,000/yr12 months · AED 105 per sqft
12 Apr 2016SoldReady
AED 2,100,000AED 1,298 per sqft

Source: Dubai Land Department. Updated 1 June 2023.

Key facts

Type
2-bed apartment
Size
1,617 sqft
Floor
25th of 88
Parking
B4-55
Developer
Hircon International
Completed
2012
Service charge
AED 31,100 /yr
Last sold
AED 2.1M · April 2016

About 2502, 23 Marina Tower

2502 is a two-bedroom apartment of 1,617 sqft on the 25th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 12 April 2016 for AED 2,100,000, or AED 1,298 per sqft, 20% above the AED 1,082 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, renewed on 1 June 2023, is AED 115,792 a year: a gross yield of 5.5% on the 2016 price, before the service charge of about AED 31,100 a year.

Sales and rents for 2502 over time

Sales
Unit 2502, 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 1,408,778 (AED 871 per sqft)Sold, November 2012: AED 1,408,778 (AED 871 per sqft)Sold, April 2016: AED 2,100,000 (AED 1,298 per sqft)

2502 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2502, each contractTypical two-bed in 23 Marina Tower
100K150K2012201620202024Typical 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 2014: AED 136,500 a yearNew contract, May 2016: AED 170,000 a yearRenewal, May 2017: AED 160,000 a yearRenewal, May 2018: AED 145,000 a yearRenewal, May 2019: AED 130,000 a yearRenewal, May 2020: AED 122,000 a yearNew contract, June 2022: AED 110,000 a yearRenewal, June 2023: AED 115,792 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 2502 sits

All 48 2-beds →

2502 last sold in April 2016 at AED 1,298 per sqft, 20% above what two-beds in 23 Marina Tower were fetching at the time (AED 1,082). 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. 2502's AED 115,792 is at the bottom 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 25th floor

All 289 units in 23 Marina Tower
Value
25013-bedAED 2.7M · Nov 2017
25033-bedAED 1.59M · Aug 2020
25043-bedAED 1.97M · Dec 2012
25052-bedAED 1.54M · Dec 2012
25063-bedAED 2.2M · Mar 2023

2502, 23 Marina Tower in numbers

  • Sold 3 times: first on 16 July 2009 for AED 1,408,778, last on 12 April 2016 for AED 2,100,000 (AED 1,298 per sqft).
  • Rented since July 2014 on 8 Ejari contracts, from AED 136,500 to AED 115,792 a year.
  • At AED 115,792 a year the gross yield on the 2016 price is 5.5%, 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 June 2023.

Questions about 2502, 23 Marina Tower

What did unit 2502 last sell for?

AED 2,100,000 on 12 April 2016: AED 1,298 per sqft for 1,617 sqft. The unit has 3 registered sales; the first was AED 1,408,778 in July 2009.

What is the rent for unit 2502?

AED 115,792 a year on the contract renewed on 1 June 2023. The previous contract, from June 2022, was AED 110,000; the unit has been rented since July 2014.

How big is unit 2502?

1,617 sqft (150.2 sqm): a two-bedroom apartment on the 25th floor of a 88-storey tower completed in 2012.

What is unit 2502 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.

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Mortgage on 2502, 23 Marina Tower

Starts from the last sale price (AED 2.1M, 12 April 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

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