3-bed · 2,161 sqft23 Marina Tower, Dubai Marina · 30th floor · completed 2012

3001, 23 Marina Tower

Sold prices and rental history: sold 5 times, last in August 2014, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3001 · DLD and Ejari recordsUpdated 26 December 2019
Last soldAED 4M13 August 2014
Current rentAED 135K /yr26 December 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3001, 23 Marina Tower

What is 3001 worth today?

Last sold for AED 4,000,000 in 2014

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26 Dec 2019RentedRenewal
AED 135,000/yr12 months · AED 62 per sqft
26 Dec 2018RentedRenewal
AED 150,000/yr12 months · AED 69 per sqft
26 Dec 2017RentedRenewal
AED 180,000/yr12 months · AED 83 per sqft
26 Dec 2016RentedRenewal
AED 180,000/yr12 months · AED 83 per sqft
26 Dec 2015RentedNew contract
AED 185,000/yr12 months · AED 86 per sqft
13 Aug 2014SoldReady
AED 4,000,000AED 1,850 per sqft
28 Mar 2013SoldReady
AED 1,806,149AED 835 per sqft
5 Sep 2012SoldOff-plan
AED 2,660,000AED 1,230 per sqft

Source: Dubai Land Department. Updated 26 December 2019.

Key facts

Type
3-bed apartment
Size
2,161 sqft
Floor
30th of 88
Parking
B3-1,2
Developer
Hircon International
Completed
2012
Service charge
AED 41,600 /yr
Last sold
AED 4M · August 2014

About 3001, 23 Marina Tower

3001 is a three-bedroom apartment of 2,161 sqft on the 30th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 13 August 2014 for AED 4,000,000, or AED 1,850 per sqft, 37% above the AED 1,346 three-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, renewed on 26 December 2019, is AED 135,000 a year: a gross yield of 3.4% on the 2014 price, before the service charge of about AED 41,600 a year.

Sales and rents for 3001 over time

Sales
Unit 3001, 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 1,806,149 (AED 835 per sqft)Sold, June 2011: AED 1,750,000 (AED 809 per sqft)Sold, September 2012: AED 2,660,000 (AED 1,230 per sqft)Sold, March 2013: AED 1,806,149 (AED 835 per sqft)Sold, August 2014: AED 4,000,000 (AED 1,850 per sqft)

3001 has sold 5 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3001, 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, December 2015: AED 185,000 a yearRenewal, December 2016: AED 180,000 a yearRenewal, December 2017: AED 180,000 a yearRenewal, December 2018: AED 150,000 a yearRenewal, December 2019: AED 135,000 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 3001 sits

All 192 3-beds →

3001 last sold in August 2014 at AED 1,850 per sqft, 37% above what three-beds in 23 Marina Tower were fetching at the time (AED 1,346). 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. 3001's AED 135,000 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 30th floor

All 289 units in 23 Marina Tower
Value
30022-bedAED 1.2M · Dec 2020
30033-bedAED 1.81M · Dec 2012
30043-bedAED 1.89M · Mar 2013
30052-bedAED 2.2M · Feb 2014
30063-bedAED 2.95M · Sep 2026

3001, 23 Marina Tower in numbers

  • Sold 5 times: first on 14 July 2009 for AED 1,806,149, last on 13 August 2014 for AED 4,000,000 (AED 1,850 per sqft).
  • Rented since December 2015 on 5 Ejari contracts, from AED 185,000 to AED 135,000 a year.
  • At AED 135,000 a year the gross yield on the 2014 price is 3.4%, 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 26 December 2019.

Questions about 3001, 23 Marina Tower

What did unit 3001 last sell for?

AED 4,000,000 on 13 August 2014: AED 1,850 per sqft for 2,161 sqft. The unit has 5 registered sales; the first was AED 1,806,149 in July 2009.

What is the rent for unit 3001?

AED 135,000 a year on the contract renewed on 26 December 2019. The previous contract, from December 2018, was AED 150,000; the unit has been rented since December 2015.

How big is unit 3001?

2,161 sqft (200.8 sqm): a three-bedroom apartment on the 30th floor of a 88-storey tower completed in 2012.

What is unit 3001 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 3001, 23 Marina Tower

Starts from the last sale price (AED 4M, 13 August 2014). Switch to today's estimate once you have unlocked it.
Price
AED 4,000,000
Deposit, UAE resident (20%)
AED 800,000
Deposit, non-resident (40%)
AED 1,600,000
Monthly over 25 years at 3.7%
AED 16,365

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