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

4804, 23 Marina Tower

Sold prices and rental history: sold twice, last in December 2012, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4804 · DLD and Ejari recordsUpdated 3 February 2020
Last soldAED 2.62M13 December 2012
Current rentAED 165K /yr3 February 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4804, 23 Marina Tower

What is 4804 worth today?

Last sold for AED 2,622,097 in 2012

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3 Feb 2020RentedNew contract
AED 164,510/yr12 months · AED 55 per sqft
20 Jan 2019RentedNew contract
AED 180,000/yr12 months · AED 60 per sqft
1 Dec 2017RentedRenewal
AED 200,000/yr12 months · AED 67 per sqft
1 Dec 2016RentedRenewal
AED 215,000/yr12 months · AED 72 per sqft
1 Dec 2015RentedRenewal
AED 215,000/yr12 months · AED 72 per sqft
1 Dec 2014RentedNew contract
AED 200,000/yr12 months · AED 67 per sqft
1 Dec 2013RentedNew contract
AED 200,000/yr12 months · AED 67 per sqft
13 Dec 2012SoldReady
AED 2,622,097AED 879 per sqft

Source: Dubai Land Department. Updated 3 February 2020.

Key facts

Type
3-bed apartment
Size
2,980 sqft
Floor
48th of 88
Parking
B1-55,56
Developer
Hircon International
Completed
2012
Service charge
AED 57,400 /yr
Last sold
AED 2.62M · December 2012

About 4804, 23 Marina Tower

4804 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 13 December 2012 for AED 2,622,097, or AED 879 per sqft, in line with the AED 891 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 8 Ejari contracts. The current contract, signed on 3 February 2020, is AED 164,510 a year: a gross yield of 6.3% on the 2012 price, before the service charge of about AED 57,400 a year.

Sales and rents for 4804 over time

Sales
Unit 4804, 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)

4804 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 4804, 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, December 2012: AED 200,000 a yearNew contract, December 2013: AED 200,000 a yearNew contract, December 2014: AED 200,000 a yearRenewal, December 2015: AED 215,000 a yearRenewal, December 2016: AED 215,000 a yearRenewal, December 2017: AED 200,000 a yearNew contract, January 2019: AED 180,000 a yearNew contract, February 2020: AED 164,510 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 4804 sits

All 192 3-beds →

4804 last sold in December 2012 at AED 879 per sqft, in line with what three-beds in 23 Marina Tower were fetching at the time (AED 891). 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. 4804's AED 164,510 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 48th floor

All 289 units in 23 Marina Tower
Value
48013-bedAED 2.39M · Dec 2012
48023-bedAED 1.4M · Jul 2019
48033-bedAED 3.85M · Dec 2023

4804, 23 Marina Tower in numbers

  • Sold twice: first on 10 August 2009 for AED 2,622,097, last on 13 December 2012 for AED 2,622,097 (AED 879 per sqft).
  • Rented since December 2012 on 8 Ejari contracts, from AED 200,000 to AED 164,510 a year.
  • At AED 164,510 a year the gross yield on the 2012 price is 6.3%, 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 3 February 2020.

Questions about 4804, 23 Marina Tower

What did unit 4804 last sell for?

AED 2,622,097 on 13 December 2012: AED 879 per sqft for 2,980 sqft. The unit has 2 registered sales; the first was AED 2,622,097 in August 2009.

What is the rent for unit 4804?

AED 164,510 a year on the contract signed on 3 February 2020. The previous contract, from January 2019, was AED 180,000; the unit has been rented since December 2012.

How big is unit 4804?

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 4804 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 4804, 23 Marina Tower

Starts from the last sale price (AED 2.62M, 13 December 2012). Switch to today's estimate once you have unlocked it.
Price
AED 2,622,097
Deposit, UAE resident (20%)
AED 524,419
Deposit, non-resident (40%)
AED 1,048,839
Monthly over 25 years at 3.7%
AED 10,728

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