3-bed · 2,980 sqft23 Marina Tower, Dubai Marina · 47th floor · completed 2012

4702, 23 Marina Tower

Sold prices and rental history: sold 3 times, last in August 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4702 · DLD and Ejari recordsUpdated 6 August 2024
Last soldAED 4.3M6 August 2024
Current rentAED 240K /yr26 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4702, 23 Marina Tower

What is 4702 worth today?

Last sold for AED 4,300,000 in 2024

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6 Aug 2024SoldReady
AED 4,300,000AED 1,443 per sqft
26 Dec 2022RentedNew contract
AED 240,000/yr12 months · AED 80 per sqft
21 Nov 2021RentedNew contract
AED 190,000/yr12 months · AED 64 per sqft
1 Dec 2020RentedRenewal
AED 156,923/yr13 months · AED 53 per sqft
1 Nov 2019RentedRenewal
AED 184,615/yr13 months · AED 62 per sqft
1 Nov 2018RentedRenewal
AED 210,000/yr12 months · AED 70 per sqft
1 Nov 2017RentedRenewal
AED 225,000/yr12 months · AED 75 per sqft
1 Nov 2016RentedNew contract
AED 215,000/yr12 months · AED 72 per sqft

Source: Dubai Land Department. Updated 6 August 2024.

Key facts

Type
3-bed apartment
Size
2,980 sqft
Floor
47th of 88
Parking
B1-65,66
Developer
Hircon International
Completed
2012
Service charge
AED 57,400 /yr
Last sold
AED 4.3M · August 2024

About 4702, 23 Marina Tower

4702 is a three-bedroom apartment of 2,980 sqft on the 47th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 6 August 2024 for AED 4,300,000, or AED 1,443 per sqft, 12% above the AED 1,292 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, signed on 26 December 2022, is AED 240,000 a year: a gross yield of 5.6% on the 2024 price, before the service charge of about AED 57,400 a year.

Sales and rents for 4702 over time

Sales
Unit 4702, 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, August 2009: AED 2,745,490 (AED 921 per sqft)Sold, December 2012: AED 2,745,490 (AED 921 per sqft)Sold, August 2024: AED 4,300,000 (AED 1,443 per sqft)

4702 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 4702, 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, December 2013: AED 221,538 a yearNew contract, January 2015: AED 250,000 a yearNew contract, October 2015: AED 250,000 a yearNew contract, November 2016: AED 215,000 a yearRenewal, November 2017: AED 225,000 a yearRenewal, November 2018: AED 210,000 a yearRenewal, November 2019: AED 184,615 a yearRenewal, December 2020: AED 156,923 a yearNew contract, November 2021: AED 190,000 a yearNew contract, December 2022: AED 240,000 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 4702 sits

All 192 3-beds →

4702 last sold in August 2024 at AED 1,443 per sqft, 12% above what three-beds in 23 Marina Tower were fetching at the time (AED 1,292). 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. 4702's AED 240,000 is in the upper 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 47th floor

All 289 units in 23 Marina Tower
Value
47013-bedAED 4.4M · Sep 2024
47033-bedAED 3.7M · Dec 2012
47043-bedAED 4.1M · Feb 2014

4702, 23 Marina Tower in numbers

  • Sold 3 times: first on 4 August 2009 for AED 2,745,490, last on 6 August 2024 for AED 4,300,000 (AED 1,443 per sqft).
  • Rented since December 2013 on 10 Ejari contracts. The rent fell from AED 221,538 to AED 156,923 in 2020 and recovered to AED 240,000 by December 2022.
  • At AED 240,000 a year the gross yield on the 2024 price is 5.6%, 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 6 August 2024.

Questions about 4702, 23 Marina Tower

What did unit 4702 last sell for?

AED 4,300,000 on 6 August 2024: AED 1,443 per sqft for 2,980 sqft. The unit has 3 registered sales; the first was AED 2,745,490 in August 2009.

What is the rent for unit 4702?

AED 240,000 a year on the contract signed on 26 December 2022. The previous contract, from November 2021, was AED 190,000; the unit has been rented since December 2013.

How big is unit 4702?

2,980 sqft (276.9 sqm): a three-bedroom apartment on the 47th floor of a 88-storey tower completed in 2012.

What is unit 4702 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 4702, 23 Marina Tower

Starts from the last sale price (AED 4.3M, 6 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 4,300,000
Deposit, UAE resident (20%)
AED 860,000
Deposit, non-resident (40%)
AED 1,720,000
Monthly over 25 years at 3.7%
AED 17,593

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