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3-bed · 2,980 sqft23 Marina Tower, Dubai Marina · 48th floor · completed 2012

4803, 23 Marina Tower

Sold prices and rental history: sold 4 times, last in December 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4803 · DLD and Ejari recordsUpdated 7 December 2023
Last soldAED 3.85M7 December 2023
Current rentAED 230K /yr1 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 4803, 23 Marina Tower

What is 4803 worth today?

Last sold for AED 3,850,000 in 2023

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7 Dec 2023SoldReady
AED 3,850,000AED 1,292 per sqft
1 Oct 2023RentedRenewal
AED 230,000/yr7 months · AED 77 per sqft
1 Oct 2022RentedNew contract
AED 230,000/yr12 months · AED 77 per sqft
20 Apr 2021RentedRenewal
AED 155,000/yr12 months · AED 52 per sqft
20 Apr 2020RentedRenewal
AED 165,000/yr12 months · AED 55 per sqft
20 Apr 2019RentedNew contract
AED 190,000/yr12 months · AED 64 per sqft
25 Aug 2013SoldReady
AED 3,900,000AED 1,308 per sqft
13 Dec 2012SoldReady
AED 2,622,097AED 879 per sqft

Source: Dubai Land Department. Updated 7 December 2023.

Key facts

Type
3-bed apartment
Size
2,980 sqft
Floor
48th of 88
Parking
B1-57,58
Developer
Hircon International
Completed
2012
Service charge
AED 57,400 /yr
Last sold
AED 3.85M · December 2023
Building
23 Marina Tower

About 4803, 23 Marina Tower

4803 is a three-bedroom apartment of 2,980 sqft on the 48th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 7 December 2023 for AED 3,850,000, or AED 1,292 per sqft, 7% above the AED 1,204 three-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 1 October 2023, is AED 230,000 a year: a gross yield of 6.0% on the 2023 price, before the service charge of about AED 57,400 a year.

Sales and rents for 4803 over time

Sales
Unit 4803, 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 2,622,097 (AED 879 per sqft)Sold, December 2012: AED 2,622,097 (AED 879 per sqft)Sold, August 2013: AED 3,900,000 (AED 1,308 per sqft)Sold, December 2023: AED 3,850,000 (AED 1,292 per sqft)

4803 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 4803, each contractTypical three-bed in 23 Marina Tower
150K200K2012201620202024Typical 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, April 2019: AED 190,000 a yearRenewal, April 2020: AED 165,000 a yearRenewal, April 2021: AED 155,000 a yearNew contract, October 2022: AED 230,000 a yearRenewal, October 2023: AED 230,000 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 4803 sits

All 192 3-beds →

4803 last sold in December 2023 at AED 1,292 per sqft, 7% above what three-beds in 23 Marina Tower were fetching at the time (AED 1,204). 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. 4803's AED 230,000 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 48th floor

All 289 units in 23 Marina Tower
Value
48013-bedAED 2.39M · Dec 2012
48023-bedAED 1.4M · Jul 2019
48043-bedAED 2.62M · Dec 2012

4803, 23 Marina Tower in numbers

  • Sold 4 times: first on 10 August 2009 for AED 2,622,097, last on 7 December 2023 for AED 3,850,000 (AED 1,292 per sqft).
  • Rented since April 2019 on 5 Ejari contracts. The rent fell from AED 190,000 to AED 155,000 in 2021 and recovered to AED 230,000 by October 2023.
  • At AED 230,000 a year the gross yield on the 2023 price is 6.0%, 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 7 December 2023.

Questions about 4803, 23 Marina Tower

What did unit 4803 last sell for?

AED 3,850,000 on 7 December 2023: AED 1,292 per sqft for 2,980 sqft. The unit has 4 registered sales; the first was AED 2,622,097 in August 2009.

What is the rent for unit 4803?

AED 230,000 a year on the contract renewed on 1 October 2023. The previous contract, from October 2022, was AED 230,000; the unit has been rented since April 2019.

How big is unit 4803?

2,980 sqft (276.9 sqm): a three-bedroom apartment on the 48th floor of a 88-storey tower completed in 2012.

What is unit 4803 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 4803, 23 Marina Tower

Starts from the last sale price (AED 3.85M, 7 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,850,000
Deposit, UAE resident (20%)
AED 770,000
Deposit, non-resident (40%)
AED 1,540,000
Monthly over 25 years at 3.7%
AED 15,752

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