4-bed · 5,645 sqft23 Marina Tower, Dubai Marina · 70th floor · completed 2012

7001, 23 Marina Tower

Sold prices and rental history: sold twice, last in December 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7001 · DLD and Ejari recordsUpdated 1 January 2023
Last soldAED 6.06M16 December 2012
Current rentAED 322K /yr1 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 7001, 23 Marina Tower

What is 7001 worth today?

Last sold for AED 6,064,538 in 2012

Unlock today's estimate, updated daily, with

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

1 Jan 2023RentedRenewal
AED 322,000/yr12 months · AED 57 per sqft
1 Jan 2022RentedRenewal
AED 322,000/yr12 months · AED 57 per sqft
1 Jan 2021RentedNew contract
AED 280,000/yr12 months · AED 50 per sqft
24 Jun 2013RentedNew contract
AED 370,000/yr12 months · AED 66 per sqft
16 Dec 2012SoldReady
AED 6,064,538AED 1,074 per sqft
14 Sep 2009Sold by developerOff-plan
AED 6,064,538AED 1,074 per sqft

Source: Dubai Land Department. Updated 1 January 2023.

Key facts

Type
4-bed apartment
Size
5,645 sqft
Floor
70th of 88
Parking
P3-1,2,3
Developer
Hircon International
Completed
2012
Service charge
AED 108,700 /yr
Last sold
AED 6.06M · December 2012

About 7001, 23 Marina Tower

7001 is a four-bedroom apartment of 5,645 sqft on the 70th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 16 December 2012 for AED 6,064,538, or AED 1,074 per sqft, 7% above the AED 1,003 four-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, renewed on 1 January 2023, is AED 322,000 a year: a gross yield of 5.3% on the 2012 price, before the service charge of about AED 108,700 a year.

Sales and rents for 7001 over time

Sales
Unit 7001, each saleTypical four-bed in 23 Marina Tower
5M10M2009201420192024Typical sale price by year: 2009 AED 5,775,750; 2012 AED 5,631,493; 2013 AED 6,939,854; 2014 AED 9,800,000; 2015 AED 8,212,420; 2017 AED 7,604,000; 2021 AED 6,500,000; 2022 AED 7,300,000; 2023 AED 8,200,000; 2025 AED 12,400,000Sold by developer, September 2009: AED 6,064,538 (AED 1,074 per sqft)Sold, December 2012: AED 6,064,538 (AED 1,074 per sqft)

7001 has sold twice; the dashed line is the four-bed median of each year in the building.

Rents
Unit 7001, each contractTypical four-bed in 23 Marina Tower
300K400K500K2012201620202024Typical rent by year: 2012 AED 290,000; 2013 AED 367,500; 2014 AED 425,000; 2015 AED 425,000; 2016 AED 400,000; 2017 AED 375,000; 2018 AED 350,000; 2019 AED 307,406; 2020 AED 295,500; 2021 AED 300,000; 2022 AED 346,500; 2023 AED 330,000; 2024 AED 462,000; 2025 AED 500,000; 2026 AED 497,500New contract, June 2013: AED 370,000 a yearNew contract, January 2021: AED 280,000 a yearRenewal, January 2022: AED 322,000 a yearRenewal, January 2023: AED 322,000 a year

Annual rent on each registered contract; the dashed line is the four-bed median of each year in the building.

4-beds in 23 Marina Tower, and where 7001 sits

All 48 4-beds →

7001 last sold in December 2012 at AED 1,074 per sqft, 7% above what four-beds in 23 Marina Tower were fetching at the time (AED 1,003). Over the last 12 months four-beds sold for AED 7,600,000 to 9,900,000, around AED 1,550 per sqft, and rent for AED 300,000 to 560,000 a year. 7001's AED 322,000 is in the lower half of that range.

Recent 4-bed salesUnit no.Price (AED)Summary
21 Oct 20269,900,000
17 Jul 20267,600,000
7 Oct 20256,892,206
24 Jun 202512,400,000
2 4-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 70th floor

All 289 units in 23 Marina Tower
Value
70024-bedAED 6.3M · Dec 2012
70034-bedAED 2.31M · Mar 2013
70044-bedAED 7.8M · Jan 2023

7001, 23 Marina Tower in numbers

  • Sold twice: first on 14 September 2009 for AED 6,064,538, last on 16 December 2012 for AED 6,064,538 (AED 1,074 per sqft).
  • Rented since June 2013 on 4 Ejari contracts. The rent fell from AED 370,000 to AED 280,000 in 2021 and recovered to AED 322,000 by January 2023.
  • At AED 322,000 a year the gross yield on the 2012 price is 5.3%, before a service charge of about AED 108,700 a year (AED 19.25 per sqft).
  • Four-beds in 23 Marina Tower sold for AED 7,600,000–9,900,000 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 1 January 2023.

Questions about 7001, 23 Marina Tower

What did unit 7001 last sell for?

AED 6,064,538 on 16 December 2012: AED 1,074 per sqft for 5,645 sqft. The unit has 2 registered sales; the first was AED 6,064,538 in September 2009.

What is the rent for unit 7001?

AED 322,000 a year on the contract renewed on 1 January 2023. The previous contract, from January 2022, was AED 322,000; the unit has been rented since June 2013.

How big is unit 7001?

5,645 sqft (524.4 sqm): a four-bedroom apartment on the 70th floor of a 88-storey tower completed in 2012.

What is unit 7001 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in 23 Marina Tower sold for AED 7,600,000 to 9,900,000 in the last 12 months, around AED 1,550 per sqft.

Selling 7001? 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 7001, 23 Marina Tower

Starts from the last sale price (AED 6.06M, 16 December 2012). Switch to today's estimate once you have unlocked it.
Price
AED 6,064,538
Deposit, UAE resident (20%)
AED 1,212,908
Deposit, non-resident (40%)
AED 2,425,815
Monthly over 25 years at 3.7%
AED 24,812

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