3-bed · 2,980 sqft23 Marina Tower, Dubai Marina · 55th floor · completed 2012

5501, 23 Marina Tower

Sold prices and rental history: sold 4 times, last in January 2025, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5501 · DLD and Ejari recordsUpdated 20 January 2025
Last soldAED 4.75M20 January 2025
Current rentAED 164K /yr2 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5501, 23 Marina Tower

What is 5501 worth today?

Last sold for AED 4,750,000 in 2025

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20 Jan 2025SoldReady
AED 4,750,000AED 1,594 per sqft
19 May 2023SoldReady
AED 3,900,000AED 1,308 per sqft
2 Nov 2022RentedRenewal
AED 164,274/yr7 months · AED 55 per sqft
2 Nov 2021RentedRenewal
AED 165,000/yr12 months · AED 55 per sqft
2 Nov 2020RentedRenewal
AED 165,000/yr12 months · AED 55 per sqft
24 Oct 2019RentedNew contract
AED 165,000/yr12 months · AED 55 per sqft
9 Jul 2017RentedRenewal
AED 291,900/yr24 months · AED 98 per sqft
9 Jul 2015RentedRenewal
AED 291,900/yr24 months · AED 98 per sqft

Source: Dubai Land Department. Updated 20 January 2025.

Key facts

Type
3-bed apartment
Size
2,980 sqft
Floor
55th of 88
Parking
P1-17,22
Developer
Hircon International
Completed
2012
Service charge
AED 57,400 /yr
Last sold
AED 4.75M · January 2025

About 5501, 23 Marina Tower

5501 is a three-bedroom apartment of 2,980 sqft on the 55th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 20 January 2025 for AED 4,750,000, or AED 1,594 per sqft, 16% above the AED 1,378 three-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, renewed on 2 November 2022, is AED 164,274 a year: a gross yield of 3.5% on the 2025 price, before the service charge of about AED 57,400 a year.

Sales and rents for 5501 over time

Sales
Unit 5501, 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 2,390,743 (AED 802 per sqft)Sold, December 2012: AED 2,390,743 (AED 802 per sqft)Sold, May 2023: AED 3,900,000 (AED 1,308 per sqft)Sold, January 2025: AED 4,750,000 (AED 1,594 per sqft)

5501 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 5501, each contractTypical three-bed in 23 Marina Tower
200K300K2012201620202024Typical 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, July 2014: AED 278,000 a yearRenewal, July 2015: AED 291,900 a yearRenewal, July 2017: AED 291,900 a yearNew contract, October 2019: AED 165,000 a yearRenewal, November 2020: AED 165,000 a yearRenewal, November 2021: AED 165,000 a yearRenewal, November 2022: AED 164,274 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 5501 sits

All 192 3-beds →

5501 last sold in January 2025 at AED 1,594 per sqft, 16% above what three-beds in 23 Marina Tower were fetching at the time (AED 1,378). 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. 5501's AED 164,274 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 55th floor

All 289 units in 23 Marina Tower
Value
55023-bedAED 4.7M · Aug 2024
55033-bedAED 3.68M · Mar 2023
55043-bedAED 3.59M · Jul 2023

5501, 23 Marina Tower in numbers

  • Sold 4 times: first on 9 September 2009 for AED 2,390,743, last on 20 January 2025 for AED 4,750,000 (AED 1,594 per sqft).
  • Rented since July 2014 on 7 Ejari contracts, from AED 278,000 to AED 164,274 a year.
  • At AED 164,274 a year the gross yield on the 2025 price is 3.5%, 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 20 January 2025.

Questions about 5501, 23 Marina Tower

What did unit 5501 last sell for?

AED 4,750,000 on 20 January 2025: AED 1,594 per sqft for 2,980 sqft. The unit has 4 registered sales; the first was AED 2,390,743 in September 2009.

What is the rent for unit 5501?

AED 164,274 a year on the contract renewed on 2 November 2022. The previous contract, from November 2021, was AED 165,000; the unit has been rented since July 2014.

How big is unit 5501?

2,980 sqft (276.9 sqm): a three-bedroom apartment on the 55th floor of a 88-storey tower completed in 2012.

What is unit 5501 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 5501, 23 Marina Tower

Starts from the last sale price (AED 4.75M, 20 January 2025). Switch to today's estimate once you have unlocked it.
Price
AED 4,750,000
Deposit, UAE resident (20%)
AED 950,000
Deposit, non-resident (40%)
AED 1,900,000
Monthly over 25 years at 3.7%
AED 19,434

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