3-bed · 2,980 sqft23 Marina Tower, Dubai Marina · 35th floor · completed 2012

3501, 23 Marina Tower

Sold prices and rental history: sold 5 times, last in August 2015, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3501 · DLD and Ejari recordsUpdated 23 January 2024
Last soldAED 5.6M23 August 2015
Current rentAED 91K /yr23 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3501, 23 Marina Tower

What is 3501 worth today?

Last sold for AED 5,600,000 in 2015

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23 Jan 2024RentedRenewal
AED 91,000/yr36 months · AED 31 per sqft
21 Jan 2023RentedNew contract
AED 89,519/yr12 months · AED 30 per sqft
23 Aug 2015SoldReady
AED 5,600,000AED 1,879 per sqft
11 Mar 2013SoldReady
AED 4,125,000AED 1,384 per sqft
31 Dec 2012SoldReady
AED 3,600,000AED 1,208 per sqft
17 Dec 2012SoldReady
AED 2,853,458AED 957 per sqft
18 Aug 2009Sold by developerOff-plan
AED 2,853,458AED 957 per sqft

Source: Dubai Land Department. Updated 23 January 2024.

Key facts

Type
3-bed apartment
Size
2,980 sqft
Floor
35th of 88
Parking
P1-7,32
Developer
Hircon International
Completed
2012
Service charge
AED 57,400 /yr
Last sold
AED 5.6M · August 2015

About 3501, 23 Marina Tower

3501 is a three-bedroom apartment of 2,980 sqft on the 35th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 23 August 2015 for AED 5,600,000, or AED 1,879 per sqft, 19% above the AED 1,574 three-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 23 January 2024, is AED 91,000 a year: a gross yield of 1.6% on the 2015 price, before the service charge of about AED 57,400 a year.

Sales and rents for 3501 over time

Sales
Unit 3501, each saleTypical three-bed in 23 Marina Tower
2M4M6M2009201420192024Typical 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, August 2009: AED 2,853,458 (AED 957 per sqft)Sold, December 2012: AED 3,600,000 (AED 1,208 per sqft)Sold, December 2012: AED 2,853,458 (AED 957 per sqft)Sold, March 2013: AED 4,125,000 (AED 1,384 per sqft)Sold, August 2015: AED 5,600,000 (AED 1,879 per sqft)

3501 has sold 5 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3501, 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 2023: AED 89,519 a yearRenewal, January 2024: AED 91,000 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 3501 sits

All 192 3-beds →

3501 last sold in August 2015 at AED 1,879 per sqft, 19% above what three-beds in 23 Marina Tower were fetching at the time (AED 1,574). 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. 3501's AED 91,000 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 35th floor

All 289 units in 23 Marina Tower
Value
35023-bedAED 2.78M · Dec 2012
35033-bedAED 4.73M · Apr 2014
35043-bedAED 4.02M · Dec 2013

3501, 23 Marina Tower in numbers

  • Sold 5 times: first on 18 August 2009 for AED 2,853,458, last on 23 August 2015 for AED 5,600,000 (AED 1,879 per sqft).
  • Rented since January 2023 on 2 Ejari contracts, from AED 89,519 to AED 91,000 a year.
  • At AED 91,000 a year the gross yield on the 2015 price is 1.6%, before a service charge of about AED 57,400 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 23 January 2024.

Questions about 3501, 23 Marina Tower

What did unit 3501 last sell for?

AED 5,600,000 on 23 August 2015: AED 1,879 per sqft for 2,980 sqft. The unit has 5 registered sales; the first was AED 2,853,458 in August 2009.

What is the rent for unit 3501?

AED 91,000 a year on the contract renewed on 23 January 2024. The previous contract, from January 2023, was AED 89,519.

How big is unit 3501?

2,980 sqft (276.9 sqm): a three-bedroom apartment on the 35th floor of a 88-storey tower completed in 2012.

What is unit 3501 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 3501, 23 Marina Tower

Starts from the last sale price (AED 5.6M, 23 August 2015). Switch to today's estimate once you have unlocked it.
Price
AED 5,600,000
Deposit, UAE resident (20%)
AED 1,120,000
Deposit, non-resident (40%)
AED 2,240,000
Monthly over 25 years at 3.7%
AED 22,911

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