3-bed · 2,980 sqft23 Marina Tower, Dubai Marina · 57th floor · completed 2012

5702, 23 Marina Tower

Sold prices and rental history: sold twice, last in December 2012, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5702 · DLD and Ejari recordsUpdated 9 November 2019
Last soldAED 2.8M25 December 2012
Current rentAED 180K /yr9 November 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5702, 23 Marina Tower

What is 5702 worth today?

Last sold for AED 2,796,398 in 2012

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9 Nov 2019RentedNew contract
AED 180,000/yr12 months · AED 60 per sqft
9 Sep 2019RentedRenewal
AED 247,340/yr3 months · AED 83 per sqft
9 Mar 2019RentedRenewal
AED 250,000/yr6 months · AED 84 per sqft
9 Mar 2017RentedNew contract
AED 250,000/yr12 months · AED 84 per sqft
25 Feb 2016RentedNew contract
AED 230,000/yr12 months · AED 77 per sqft
25 Dec 2012SoldReady
AED 2,796,398AED 938 per sqft
23 Jul 2009Sold by developerOff-plan
AED 2,796,398AED 938 per sqft

Source: Dubai Land Department. Updated 9 November 2019.

Key facts

Type
3-bed apartment
Size
2,980 sqft
Floor
57th of 88
Parking
P3-64,65
Developer
Hircon International
Completed
2012
Service charge
AED 57,400 /yr
Last sold
AED 2.8M · December 2012

About 5702, 23 Marina Tower

5702 is a three-bedroom apartment of 2,980 sqft on the 57th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 25 December 2012 for AED 2,796,398, or AED 938 per sqft, 4% above the AED 906 three-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, signed on 9 November 2019, is AED 180,000 a year: a gross yield of 6.4% on the 2012 price, before the service charge of about AED 57,400 a year.

Sales and rents for 5702 over time

Sales
Unit 5702, 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, July 2009: AED 2,796,398 (AED 938 per sqft)Sold, December 2012: AED 2,796,398 (AED 938 per sqft)

5702 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 5702, 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, February 2016: AED 230,000 a yearNew contract, March 2017: AED 250,000 a yearRenewal, March 2019: AED 250,000 a yearRenewal, September 2019: AED 247,340 a yearNew contract, November 2019: AED 180,000 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 5702 sits

All 192 3-beds →

5702 last sold in December 2012 at AED 938 per sqft, 4% above what three-beds in 23 Marina Tower were fetching at the time (AED 906). 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. 5702's AED 180,000 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 57th floor

All 289 units in 23 Marina Tower
Value
57013-bedAED 2.99M · Dec 2012
57033-bedAED 2.78M · Jan 2013
57043-bedAED 3.6M · Nov 2023

5702, 23 Marina Tower in numbers

  • Sold twice: first on 23 July 2009 for AED 2,796,398, last on 25 December 2012 for AED 2,796,398 (AED 938 per sqft).
  • Rented since February 2016 on 5 Ejari contracts, from AED 230,000 to AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2012 price is 6.4%, 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 9 November 2019.

Questions about 5702, 23 Marina Tower

What did unit 5702 last sell for?

AED 2,796,398 on 25 December 2012: AED 938 per sqft for 2,980 sqft. The unit has 2 registered sales; the first was AED 2,796,398 in July 2009.

What is the rent for unit 5702?

AED 180,000 a year on the contract signed on 9 November 2019. The previous contract, from September 2019, was AED 247,340; the unit has been rented since February 2016.

How big is unit 5702?

2,980 sqft (276.9 sqm): a three-bedroom apartment on the 57th floor of a 88-storey tower completed in 2012.

What is unit 5702 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 5702, 23 Marina Tower

Starts from the last sale price (AED 2.8M, 25 December 2012). Switch to today's estimate once you have unlocked it.
Price
AED 2,796,398
Deposit, UAE resident (20%)
AED 559,280
Deposit, non-resident (40%)
AED 1,118,559
Monthly over 25 years at 3.7%
AED 11,441

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