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3-bed · 2,980 sqft23 Marina Tower, Dubai Marina · 37th floor · completed 2012

3701, 23 Marina Tower

Sold prices and rental history: sold 4 times, last in January 2022, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3701 · DLD and Ejari recordsUpdated 19 January 2022
Last soldAED 2.9M19 January 2022
Current rentAED 180K /yr15 November 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 3701, 23 Marina Tower

What is 3701 worth today?

Last sold for AED 2,900,000 in 2022

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19 Jan 2022SoldReady
AED 2,900,000AED 973 per sqft
15 Nov 2020RentedRenewal
AED 180,000/yr12 months · AED 60 per sqft
15 Nov 2019RentedRenewal
AED 185,000/yr12 months · AED 62 per sqft
15 Nov 2018RentedNew contract
AED 200,000/yr12 months · AED 67 per sqft
25 Feb 2015RentedNew contract
AED 255,000/yr12 months · AED 86 per sqft
5 Mar 2013SoldReady
AED 3,150,000AED 1,057 per sqft
8 Apr 2012SoldOff-plan
AED 3,150,000AED 1,057 per sqft
13 Jul 2009Sold by developerOff-plan
AED 2,591,257AED 869 per sqft

Source: Dubai Land Department. Updated 19 January 2022.

Key facts

Type
3-bed apartment
Size
2,980 sqft
Floor
37th of 88
Parking
B2-45,46
Developer
Hircon International
Completed
2012
Service charge
AED 57,400 /yr
Last sold
AED 2.9M · January 2022
Building
23 Marina Tower

About 3701, 23 Marina Tower

3701 is a three-bedroom apartment of 2,980 sqft on the 37th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 19 January 2022 for AED 2,900,000, or AED 973 per sqft, 26% above the AED 771 three-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, renewed on 15 November 2020, is AED 180,000 a year: a gross yield of 6.2% on the 2022 price, before the service charge of about AED 57,400 a year.

Sales and rents for 3701 over time

Sales
Unit 3701, 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 2,591,257 (AED 869 per sqft)Sold, April 2012: AED 3,150,000 (AED 1,057 per sqft)Sold, March 2013: AED 3,150,000 (AED 1,057 per sqft)Sold, January 2022: AED 2,900,000 (AED 973 per sqft)

3701 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3701, each contractTypical three-bed in 23 Marina Tower
200K2012201620202024Typical 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, February 2015: AED 255,000 a yearNew contract, November 2018: AED 200,000 a yearRenewal, November 2019: AED 185,000 a yearRenewal, November 2020: AED 180,000 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 3701 sits

All 192 3-beds →

3701 last sold in January 2022 at AED 973 per sqft, 26% above what three-beds in 23 Marina Tower were fetching at the time (AED 771). 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. 3701's AED 180,000 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 37th floor

All 289 units in 23 Marina Tower
Value
37023-bedAED 2.78M · Dec 2012
37033-bedAED 2.9M · Jul 2022
37043-bedAED 4.74M · Mar 2014

3701, 23 Marina Tower in numbers

  • Sold 4 times: first on 13 July 2009 for AED 2,591,257, last on 19 January 2022 for AED 2,900,000 (AED 973 per sqft).
  • Rented since February 2015 on 4 Ejari contracts, from AED 255,000 to AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2022 price is 6.2%, 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 19 January 2022.

Questions about 3701, 23 Marina Tower

What did unit 3701 last sell for?

AED 2,900,000 on 19 January 2022: AED 973 per sqft for 2,980 sqft. The unit has 4 registered sales; the first was AED 2,591,257 in July 2009.

What is the rent for unit 3701?

AED 180,000 a year on the contract renewed on 15 November 2020. The previous contract, from November 2019, was AED 185,000; the unit has been rented since February 2015.

How big is unit 3701?

2,980 sqft (276.9 sqm): a three-bedroom apartment on the 37th floor of a 88-storey tower completed in 2012.

What is unit 3701 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 3701, 23 Marina Tower

Starts from the last sale price (AED 2.9M, 19 January 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,900,000
Deposit, UAE resident (20%)
AED 580,000
Deposit, non-resident (40%)
AED 1,160,000
Monthly over 25 years at 3.7%
AED 11,865

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