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

5004, 23 Marina Tower

Sold prices and rental history: sold 4 times, last in February 2015, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5004 · DLD and Ejari recordsUpdated 15 December 2020
Last soldAED 4.8M23 February 2015
Current rentAED 119K /yr15 December 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 5004

Property timeline for 5004, 23 Marina Tower

What is 5004 worth today?

Last sold for AED 4,800,000 in 2015

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

15 Dec 2020RentedRenewal
AED 119,000/yr12 months · AED 40 per sqft
15 Dec 2019RentedNew contract
AED 140,000/yr12 months · AED 47 per sqft
10 Dec 2018RentedNew contract
AED 185,000/yr12 months · AED 62 per sqft
23 Feb 2015SoldReady
AED 4,800,000AED 1,610 per sqft
23 Dec 2013SoldReady
AED 4,050,000AED 1,359 per sqft
13 Dec 2012SoldReady
AED 3,191,200AED 1,070 per sqft
9 Sep 2009Sold by developerOff-plan
AED 3,191,200AED 1,070 per sqft

Source: Dubai Land Department. Updated 15 December 2020.

Key facts

Type
3-bed apartment
Size
2,980 sqft
Floor
50th of 88
Parking
B1-41,42
Developer
Hircon International
Completed
2012
Service charge
AED 57,400 /yr
Last sold
AED 4.8M · February 2015
Building
23 Marina Tower

About 5004, 23 Marina Tower

5004 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 23 February 2015 for AED 4,800,000, or AED 1,610 per sqft, 5% above the AED 1,537 three-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, renewed on 15 December 2020, is AED 119,000 a year: a gross yield of 2.5% on the 2015 price, before the service charge of about AED 57,400 a year.

Sales and rents for 5004 over time

Sales
Unit 5004, 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, September 2009: AED 3,191,200 (AED 1,070 per sqft)Sold, December 2012: AED 3,191,200 (AED 1,070 per sqft)Sold, December 2013: AED 4,050,000 (AED 1,359 per sqft)Sold, February 2015: AED 4,800,000 (AED 1,610 per sqft)

5004 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 5004, 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 2018: AED 185,000 a yearNew contract, December 2019: AED 140,000 a yearRenewal, December 2020: AED 119,000 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 5004 sits

All 192 3-beds →

5004 last sold in February 2015 at AED 1,610 per sqft, 5% above what three-beds in 23 Marina Tower were fetching at the time (AED 1,537). 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. 5004's AED 119,000 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 50th floor

All 289 units in 23 Marina Tower
Value
50013-bedAED 5.6M · Feb 2015
50023-bedAED 2.71M · Dec 2012
50033-bedAED 2.3M · Sep 2019

5004, 23 Marina Tower in numbers

  • Sold 4 times: first on 9 September 2009 for AED 3,191,200, last on 23 February 2015 for AED 4,800,000 (AED 1,610 per sqft).
  • Rented since December 2018 on 3 Ejari contracts, from AED 185,000 to AED 119,000 a year.
  • At AED 119,000 a year the gross yield on the 2015 price is 2.5%, 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 15 December 2020.

Questions about 5004, 23 Marina Tower

What did unit 5004 last sell for?

AED 4,800,000 on 23 February 2015: AED 1,610 per sqft for 2,980 sqft. The unit has 4 registered sales; the first was AED 3,191,200 in September 2009.

What is the rent for unit 5004?

AED 119,000 a year on the contract renewed on 15 December 2020. The previous contract, from December 2019, was AED 140,000; the unit has been rented since December 2018.

How big is unit 5004?

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 5004 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.

Selling 5004? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 5004, 23 Marina Tower

Starts from the last sale price (AED 4.8M, 23 February 2015). Switch to today's estimate once you have unlocked it.
Price
AED 4,800,000
Deposit, UAE resident (20%)
AED 960,000
Deposit, non-resident (40%)
AED 1,920,000
Monthly over 25 years at 3.7%
AED 19,638

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