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

2704, 23 Marina Tower

Sold prices and rental history: sold twice, last in December 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2704 · DLD and Ejari recordsUpdated 1 September 2020
Last soldAED 1.77M24 December 2012
Current rentAED 85K /yr1 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2704, 23 Marina Tower

What is 2704 worth today?

Last sold for AED 1,773,309 in 2012

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1 Sep 2020RentedNew contract
AED 85,000/yr12 months · AED 40 per sqft
1 Sep 2017RentedNew contract
AED 175,000/yr12 months · AED 82 per sqft
15 Jan 2015RentedNew contract
AED 192,000/yr12 months · AED 90 per sqft
15 Jan 2014RentedNew contract
AED 184,000/yr12 months · AED 86 per sqft
15 Jan 2013RentedNew contract
AED 175,000/yr12 months · AED 82 per sqft
24 Dec 2012SoldReady
AED 1,773,309AED 826 per sqft
30 Dec 2010Sold by developerOff-plan
AED 1,773,309AED 826 per sqft

Source: Dubai Land Department. Updated 1 September 2020.

Key facts

Type
3-bed apartment
Size
2,146 sqft
Floor
27th of 88
Parking
B3-9,10
Developer
Hircon International
Completed
2012
Service charge
AED 41,300 /yr
Last sold
AED 1.77M · December 2012

About 2704, 23 Marina Tower

2704 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 24 December 2012 for AED 1,773,309, or AED 826 per sqft, 7% below the AED 890 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 1 September 2020, is AED 85,000 a year: a gross yield of 4.8% on the 2012 price, before the service charge of about AED 41,300 a year.

Sales and rents for 2704 over time

Sales
Unit 2704, 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, December 2010: AED 1,773,309 (AED 826 per sqft)Sold, December 2012: AED 1,773,309 (AED 826 per sqft)

2704 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2704, 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, January 2013: AED 175,000 a yearNew contract, January 2014: AED 184,000 a yearNew contract, January 2015: AED 192,000 a yearNew contract, September 2017: AED 175,000 a yearNew contract, September 2020: AED 85,000 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 2704 sits

All 192 3-beds →

2704 last sold in December 2012 at AED 826 per sqft, 7% below what three-beds in 23 Marina Tower were fetching at the time (AED 890). 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. 2704's AED 85,000 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 27th floor

All 289 units in 23 Marina Tower
Value
27013-bedAED 2.05M · Jun 2022
27022-bedAED 1.41M · Dec 2012
27033-bedAED 2M · Mar 2019
27052-bedAED 1.41M · Dec 2012
27063-bedAED 1.81M · Dec 2012

2704, 23 Marina Tower in numbers

  • Sold twice: first on 30 December 2010 for AED 1,773,309, last on 24 December 2012 for AED 1,773,309 (AED 826 per sqft).
  • Rented since January 2013 on 5 Ejari contracts, from AED 175,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2012 price is 4.8%, 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 1 September 2020.

Questions about 2704, 23 Marina Tower

What did unit 2704 last sell for?

AED 1,773,309 on 24 December 2012: AED 826 per sqft for 2,146 sqft. The unit has 2 registered sales; the first was AED 1,773,309 in December 2010.

What is the rent for unit 2704?

AED 85,000 a year on the contract signed on 1 September 2020. The previous contract, from September 2017, was AED 175,000; the unit has been rented since January 2013.

How big is unit 2704?

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 2704 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 2704, 23 Marina Tower

Starts from the last sale price (AED 1.77M, 24 December 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,773,309
Deposit, UAE resident (20%)
AED 354,662
Deposit, non-resident (40%)
AED 709,324
Monthly over 25 years at 3.7%
AED 7,255

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