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3-bed · 2,980 sqft23 Marina Tower, Dubai Marina · 38th floor · completed 2012

3803, 23 Marina Tower

Sold prices and rental history: sold 3 times, last in November 2019, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3803 · DLD and Ejari recordsUpdated 26 November 2019
Last soldAED 1.8M26 November 2019
Current rentAED 155K /yr13 August 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 3803, 23 Marina Tower

What is 3803 worth today?

Last sold for AED 1,800,000 in 2019

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26 Nov 2019SoldReady
AED 1,800,000AED 604 per sqft
13 Aug 2019RentedRenewal
AED 155,000/yr12 months · AED 52 per sqft
13 Aug 2018RentedRenewal
AED 175,000/yr12 months · AED 59 per sqft
13 Aug 2017RentedRenewal
AED 185,000/yr12 months · AED 62 per sqft
13 Aug 2016RentedNew contract
AED 200,000/yr12 months · AED 67 per sqft
15 May 2015RentedNew contract
AED 252,000/yr12 months · AED 85 per sqft
15 May 2013RentedNew contract
AED 492,000/yr24 months · AED 165 per sqft
25 Dec 2012SoldReady
AED 4,935,728AED 1,656 per sqft

Source: Dubai Land Department. Updated 26 November 2019.

Key facts

Type
3-bed apartment
Size
2,980 sqft
Floor
38th of 88
Parking
P1-13,26
Developer
Hircon International
Completed
2012
Service charge
AED 57,400 /yr
Last sold
AED 1.8M · November 2019
Building
23 Marina Tower

About 3803, 23 Marina Tower

3803 is a three-bedroom apartment of 2,980 sqft on the 38th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 26 November 2019 for AED 1,800,000, or AED 604 per sqft, 33% below the AED 899 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 13 August 2019, is AED 155,000 a year: a gross yield of 8.6% on the 2019 price, before the service charge of about AED 57,400 a year.

Sales and rents for 3803 over time

Sales
Unit 3803, 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, March 2010: AED 4,935,728 (AED 1,656 per sqft)Sold, December 2012: AED 4,935,728 (AED 1,656 per sqft)Sold, November 2019: AED 1,800,000 (AED 604 per sqft)

3803 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3803, each contractTypical three-bed in 23 Marina Tower
200K400K2012201620202024Typical 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, May 2013: AED 492,000 a yearNew contract, May 2015: AED 252,000 a yearNew contract, August 2016: AED 200,000 a yearRenewal, August 2017: AED 185,000 a yearRenewal, August 2018: AED 175,000 a yearRenewal, August 2019: AED 155,000 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 3803 sits

All 192 3-beds →

3803 last sold in November 2019 at AED 604 per sqft, 33% below what three-beds in 23 Marina Tower were fetching at the time (AED 899). 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. 3803's AED 155,000 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 38th floor

All 289 units in 23 Marina Tower
Value
38013-bedAED 4.05M · Dec 2012
38023-bedAED 2.78M · Dec 2012
38043-bedAED 2.4M · Aug 2021

3803, 23 Marina Tower in numbers

  • Sold 3 times: first on 29 March 2010 for AED 4,935,728, last on 26 November 2019 for AED 1,800,000 (AED 604 per sqft).
  • Rented since May 2013 on 6 Ejari contracts, from AED 492,000 to AED 155,000 a year.
  • At AED 155,000 a year the gross yield on the 2019 price is 8.6%, 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 26 November 2019.

Questions about 3803, 23 Marina Tower

What did unit 3803 last sell for?

AED 1,800,000 on 26 November 2019: AED 604 per sqft for 2,980 sqft. The unit has 3 registered sales; the first was AED 4,935,728 in March 2010.

What is the rent for unit 3803?

AED 155,000 a year on the contract renewed on 13 August 2019. The previous contract, from August 2018, was AED 175,000; the unit has been rented since May 2013.

How big is unit 3803?

2,980 sqft (276.9 sqm): a three-bedroom apartment on the 38th floor of a 88-storey tower completed in 2012.

What is unit 3803 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 3803, 23 Marina Tower

Starts from the last sale price (AED 1.8M, 26 November 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,800,000
Deposit, UAE resident (20%)
AED 360,000
Deposit, non-resident (40%)
AED 720,000
Monthly over 25 years at 3.7%
AED 7,364

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