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3-bed · 2,980 sqft23 Marina Tower, Dubai Marina · 50th floor · completed 2012

5001, 23 Marina Tower

Sold prices and rental history: sold twice, last in February 2015, and rented once, from May 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5001 · DLD and Ejari recordsUpdated 8 February 2015
Last soldAED 5.6M8 February 2015
Current rentAED 270K /yr1 May 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 5001, 23 Marina Tower

What is 5001 worth today?

Last sold for AED 5,600,000 in 2015

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8 Feb 2015SoldReady
AED 5,600,000AED 1,879 per sqft
1 May 2013RentedNew contract
AED 270,000/yr12 months · AED 91 per sqft
25 Mar 2013Sold by developerReady
AED 1,233,932AED 414 per sqft

Source: Dubai Land Department. Updated 8 February 2015.

Key facts

Type
3-bed apartment
Size
2,980 sqft
Floor
50th of 88
Parking
B1-45,46
Developer
Hircon International
Completed
2012
Service charge
AED 57,400 /yr
Last sold
AED 5.6M · February 2015
Building
23 Marina Tower

About 5001, 23 Marina Tower

5001 is a three-bedroom apartment of 2,980 sqft on the 50th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 8 February 2015 for AED 5,600,000, or AED 1,879 per sqft, 30% above the AED 1,441 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 May 2013. The current contract, signed on 1 May 2013, is AED 270,000 a year: a gross yield of 4.8% on the 2015 price, before the service charge of about AED 57,400 a year.

Sales and rents for 5001 over time

Sales
Unit 5001, each saleTypical three-bed in 23 Marina Tower
2M4M6M2009201420192024Typical 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 2013: AED 1,233,932 (AED 414 per sqft)Sold, February 2015: AED 5,600,000 (AED 1,879 per sqft)

5001 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 5001, 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, May 2013: AED 270,000 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 5001 sits

All 192 3-beds →

5001 last sold in February 2015 at AED 1,879 per sqft, 30% above what three-beds in 23 Marina Tower were fetching at the time (AED 1,441). 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. 5001's AED 270,000 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 50th floor

All 289 units in 23 Marina Tower
Value
50023-bedAED 2.71M · Dec 2012
50033-bedAED 2.3M · Sep 2019
50043-bedAED 4.8M · Feb 2015

5001, 23 Marina Tower in numbers

  • Sold twice: first on 25 March 2013 for AED 1,233,932, last on 8 February 2015 for AED 5,600,000 (AED 1,879 per sqft).
  • Rented since May 2013 on one Ejari contract, at AED 270,000 a year.
  • At AED 270,000 a year the gross yield on the 2015 price is 4.8%, 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 8 February 2015.

Questions about 5001, 23 Marina Tower

What did unit 5001 last sell for?

AED 5,600,000 on 8 February 2015: AED 1,879 per sqft for 2,980 sqft. The unit has 2 registered sales; the first was AED 1,233,932 in March 2013.

What is the rent for unit 5001?

AED 270,000 a year on the contract signed on 1 May 2013.

How big is unit 5001?

2,980 sqft (276.9 sqm): a three-bedroom apartment on the 50th floor of a 88-storey tower completed in 2012.

What is unit 5001 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 5001, 23 Marina Tower

Starts from the last sale price (AED 5.6M, 8 February 2015). Switch to today's estimate once you have unlocked it.
Price
AED 5,600,000
Deposit, UAE resident (20%)
AED 1,120,000
Deposit, non-resident (40%)
AED 2,240,000
Monthly over 25 years at 3.7%
AED 22,911

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