3-bed · 2,146 sqft23 Marina Tower, Dubai Marina · 27th floor · completed 2012

2703, 23 Marina Tower

Sold prices and rental history: sold 3 times, last in March 2019, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2703 · DLD and Ejari recordsUpdated 3 March 2019
Last soldAED 2M3 March 2019
Current rentAED 178K /yr30 September 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2703, 23 Marina Tower

What is 2703 worth today?

Last sold for AED 2,000,000 in 2019

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3 Mar 2019SoldReady
AED 2,000,000AED 931 per sqft
30 Sep 2017RentedNew contract
AED 177,913/yr11 months · AED 83 per sqft
22 Aug 2016RentedNew contract
AED 175,000/yr12 months · AED 82 per sqft
22 Jul 2015RentedNew contract
AED 213,000/yr12 months · AED 99 per sqft
22 Jul 2014RentedNew contract
AED 220,000/yr12 months · AED 103 per sqft
18 Jun 2013RentedNew contract
AED 126,000/yr12 months · AED 59 per sqft
24 Dec 2012SoldReady
AED 1,806,148AED 841 per sqft
6 Jun 2012RentedNew contract
AED 140,000/yr13 months · AED 65 per sqft

Source: Dubai Land Department. Updated 3 March 2019.

Key facts

Type
3-bed apartment
Size
2,146 sqft
Floor
27th of 88
Parking
B4-66,68
Developer
Hircon International
Completed
2012
Service charge
AED 41,300 /yr
Last sold
AED 2M · March 2019

About 2703, 23 Marina Tower

2703 is a three-bedroom apartment of 2,146 sqft on the 27th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 3 March 2019 for AED 2,000,000, or AED 931 per sqft, in line with the AED 922 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 6 Ejari contracts. The current contract, signed on 30 September 2017, is AED 177,913 a year: a gross yield of 8.9% on the 2019 price, before the service charge of about AED 41,300 a year.

Sales and rents for 2703 over time

Sales
Unit 2703, 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 1,806,148 (AED 841 per sqft)Sold, December 2012: AED 1,806,148 (AED 841 per sqft)Sold, March 2019: AED 2,000,000 (AED 931 per sqft)

2703 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2703, 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, June 2012: AED 140,000 a yearNew contract, June 2013: AED 126,000 a yearNew contract, July 2014: AED 220,000 a yearNew contract, July 2015: AED 213,000 a yearNew contract, August 2016: AED 175,000 a yearNew contract, September 2017: AED 177,913 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 2703 sits

All 192 3-beds →

2703 last sold in March 2019 at AED 931 per sqft, in line with what three-beds in 23 Marina Tower were fetching at the time (AED 922). 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. 2703's AED 177,913 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 27th floor

All 289 units in 23 Marina Tower
Value
27013-bedAED 2.05M · Jun 2022
27022-bedAED 1.41M · Dec 2012
27043-bedAED 1.77M · Dec 2012
27052-bedAED 1.41M · Dec 2012
27063-bedAED 1.81M · Dec 2012

2703, 23 Marina Tower in numbers

  • Sold 3 times: first on 14 July 2009 for AED 1,806,148, last on 3 March 2019 for AED 2,000,000 (AED 931 per sqft).
  • Rented since June 2012 on 6 Ejari contracts, from AED 140,000 to AED 177,913 a year.
  • At AED 177,913 a year the gross yield on the 2019 price is 8.9%, 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 3 March 2019.

Questions about 2703, 23 Marina Tower

What did unit 2703 last sell for?

AED 2,000,000 on 3 March 2019: AED 931 per sqft for 2,146 sqft. The unit has 3 registered sales; the first was AED 1,806,148 in July 2009.

What is the rent for unit 2703?

AED 177,913 a year on the contract signed on 30 September 2017. The previous contract, from August 2016, was AED 175,000; the unit has been rented since June 2012.

How big is unit 2703?

2,146 sqft (199.4 sqm): a three-bedroom apartment on the 27th floor of a 88-storey tower completed in 2012.

What is unit 2703 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 2703, 23 Marina Tower

Starts from the last sale price (AED 2M, 3 March 2019). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

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