3-bed · 2,980 sqft23 Marina Tower, Dubai Marina · 40th floor · completed 2012

4002, 23 Marina Tower

Sold prices and rental history: sold 4 times, last in May 2014, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4002 · DLD and Ejari recordsUpdated 1 April 2023
Last soldAED 4.95M18 May 2014
Current rentAED 155K /yr1 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4002, 23 Marina Tower

What is 4002 worth today?

Last sold for AED 4,950,000 in 2014

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1 Apr 2023RentedRenewal
AED 155,000/yr12 months · AED 52 per sqft
1 Apr 2022RentedNew contract
AED 155,000/yr12 months · AED 52 per sqft
7 Feb 2021RentedNew contract
AED 145,000/yr12 months · AED 49 per sqft
1 Sep 2019RentedNew contract
AED 186,524/yr11 months · AED 63 per sqft
15 Aug 2017RentedNew contract
AED 190,000/yr12 months · AED 64 per sqft
20 Aug 2015RentedNew contract
AED 250,000/yr12 months · AED 84 per sqft
18 May 2014SoldReady
AED 4,950,000AED 1,661 per sqft
5 Jun 2013SoldReady
AED 2,699,226AED 905 per sqft

Source: Dubai Land Department. Updated 1 April 2023.

Key facts

Type
3-bed apartment
Size
2,980 sqft
Floor
40th of 88
Parking
B2-29,30
Developer
Hircon International
Completed
2012
Service charge
AED 57,400 /yr
Last sold
AED 4.95M · May 2014

About 4002, 23 Marina Tower

4002 is a three-bedroom apartment of 2,980 sqft on the 40th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 18 May 2014 for AED 4,950,000, or AED 1,661 per sqft, 27% above the AED 1,308 three-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, renewed on 1 April 2023, is AED 155,000 a year: a gross yield of 3.1% on the 2014 price, before the service charge of about AED 57,400 a year.

Sales and rents for 4002 over time

Sales
Unit 4002, 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, October 2009: AED 2,699,226 (AED 905 per sqft)Sold, October 2009: AED 2,699,226 (AED 905 per sqft)Sold, June 2013: AED 2,699,226 (AED 905 per sqft)Sold, May 2014: AED 4,950,000 (AED 1,661 per sqft)

4002 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 4002, 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, August 2015: AED 250,000 a yearNew contract, August 2017: AED 190,000 a yearNew contract, September 2019: AED 186,524 a yearNew contract, February 2021: AED 145,000 a yearNew contract, April 2022: AED 155,000 a yearRenewal, April 2023: 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 4002 sits

All 192 3-beds →

4002 last sold in May 2014 at AED 1,661 per sqft, 27% above what three-beds in 23 Marina Tower were fetching at the time (AED 1,308). 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. 4002'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 40th floor

All 289 units in 23 Marina Tower
Value
40013-bedAED 2M · Dec 2012
40033-bedAED 2.39M · Dec 2012
40043-bedAED 2.3M · May 2021

4002, 23 Marina Tower in numbers

  • Sold 4 times: first on 20 October 2009 for AED 2,699,226, last on 18 May 2014 for AED 4,950,000 (AED 1,661 per sqft).
  • Rented since August 2015 on 6 Ejari contracts, from AED 250,000 to AED 155,000 a year.
  • At AED 155,000 a year the gross yield on the 2014 price is 3.1%, 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 1 April 2023.

Questions about 4002, 23 Marina Tower

What did unit 4002 last sell for?

AED 4,950,000 on 18 May 2014: AED 1,661 per sqft for 2,980 sqft. The unit has 4 registered sales; the first was AED 2,699,226 in October 2009.

What is the rent for unit 4002?

AED 155,000 a year on the contract renewed on 1 April 2023. The previous contract, from April 2022, was AED 155,000; the unit has been rented since August 2015.

How big is unit 4002?

2,980 sqft (276.9 sqm): a three-bedroom apartment on the 40th floor of a 88-storey tower completed in 2012.

What is unit 4002 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 4002, 23 Marina Tower

Starts from the last sale price (AED 4.95M, 18 May 2014). Switch to today's estimate once you have unlocked it.
Price
AED 4,950,000
Deposit, UAE resident (20%)
AED 990,000
Deposit, non-resident (40%)
AED 1,980,000
Monthly over 25 years at 3.7%
AED 20,252

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