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

7002, 23 Marina Tower

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

Unit 7002 · DLD and Ejari recordsUpdated 12 July 2022
Last soldAED 6.3M25 December 2012
Current rentAED 140K /yr12 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 7002, 23 Marina Tower

What is 7002 worth today?

Last sold for AED 6,295,720 in 2012

Unlock today's estimate, updated daily, with

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

12 Jul 2022RentedRenewal
AED 140,000/yr48 months · AED 25 per sqft
12 Jul 2022RentedRenewal
AED 140,000/yr48 months · AED 25 per sqft
12 Jul 2021RentedRenewal
AED 140,000/yr12 months · AED 25 per sqft
12 Jul 2020RentedRenewal
AED 140,000/yr12 months · AED 25 per sqft
12 Jul 2019RentedRenewal
AED 140,000/yr12 months · AED 25 per sqft
12 Jul 2018RentedRenewal
AED 148,000/yr12 months · AED 26 per sqft
12 Jul 2017RentedRenewal
AED 160,000/yr12 months · AED 28 per sqft
12 Jul 2016RentedNew contract
AED 160,000/yr12 months · AED 28 per sqft

Source: Dubai Land Department. Updated 12 July 2022.

Key facts

Type
4-bed apartment
Size
5,645 sqft
Floor
70th of 88
Parking
P3-52,53,54
Developer
Hircon International
Completed
2012
Service charge
AED 108,700 /yr
Last sold
AED 6.3M · December 2012

About 7002, 23 Marina Tower

7002 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 25 December 2012 for AED 6,295,720, or AED 1,115 per sqft, 9% above the AED 1,023 four-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 11 Ejari contracts. The current contract, renewed on 12 July 2022, is AED 140,000 a year: a gross yield of 2.2% on the 2012 price, before the service charge of about AED 108,700 a year.

Sales and rents for 7002 over time

Sales
Unit 7002, 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, August 2009: AED 6,295,720 (AED 1,115 per sqft)Sold, December 2012: AED 6,295,720 (AED 1,115 per sqft)

7002 has sold twice; the dashed line is the four-bed median of each year in the building.

Rents
Unit 7002, each contractTypical four-bed in 23 Marina Tower
200K400K2012201620202024Typical 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, July 2012: AED 160,000 a yearRenewal, July 2013: AED 160,000 a yearNew contract, July 2015: AED 160,000 a yearNew contract, July 2016: AED 160,000 a yearRenewal, July 2017: AED 160,000 a yearRenewal, July 2018: AED 148,000 a yearRenewal, July 2019: AED 140,000 a yearRenewal, July 2020: AED 140,000 a yearRenewal, July 2021: AED 140,000 a yearRenewal, July 2022: AED 140,000 a yearRenewal, July 2022: AED 140,000 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 7002 sits

All 48 4-beds →

7002 last sold in December 2012 at AED 1,115 per sqft, 9% above what four-beds in 23 Marina Tower were fetching at the time (AED 1,023). 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. 7002's AED 140,000 is at the bottom 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
70014-bedAED 6.06M · Dec 2012
70034-bedAED 2.31M · Mar 2013
70044-bedAED 7.8M · Jan 2023

7002, 23 Marina Tower in numbers

  • Sold twice: first on 17 August 2009 for AED 6,295,720, last on 25 December 2012 for AED 6,295,720 (AED 1,115 per sqft).
  • Rented since July 2012 on 11 Ejari contracts, from AED 160,000 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2012 price is 2.2%, 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 12 July 2022.

Questions about 7002, 23 Marina Tower

What did unit 7002 last sell for?

AED 6,295,720 on 25 December 2012: AED 1,115 per sqft for 5,645 sqft. The unit has 2 registered sales; the first was AED 6,295,720 in August 2009.

What is the rent for unit 7002?

AED 140,000 a year on the contract renewed on 12 July 2022. The previous contract, from July 2022, was AED 140,000; the unit has been rented since July 2012.

How big is unit 7002?

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 7002 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 7002? 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 7002, 23 Marina Tower

Starts from the last sale price (AED 6.3M, 25 December 2012). Switch to today's estimate once you have unlocked it.
Price
AED 6,295,720
Deposit, UAE resident (20%)
AED 1,259,144
Deposit, non-resident (40%)
AED 2,518,288
Monthly over 25 years at 3.7%
AED 25,758

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