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

7004, 23 Marina Tower

Sold prices and rental history: sold 4 times, last in January 2023, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7004 · DLD and Ejari recordsUpdated 2 January 2023
Last soldAED 7.8M2 January 2023
Current rentAED 291K /yr20 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 7004, 23 Marina Tower

What is 7004 worth today?

Last sold for AED 7,800,000 in 2023

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2 Jan 2023SoldReady
AED 7,800,000AED 1,381 per sqft
20 Dec 2021RentedRenewal
AED 291,000/yr12 months · AED 52 per sqft
20 Dec 2020RentedNew contract
AED 291,000/yr12 months · AED 52 per sqft
8 Aug 2019RentedRenewal
AED 335,000/yr12 months · AED 59 per sqft
8 Aug 2018RentedRenewal
AED 350,000/yr12 months · AED 62 per sqft
1 Aug 2017RentedNew contract
AED 402,427/yr12 months · AED 71 per sqft
1 Aug 2016RentedNew contract
AED 425,000/yr12 months · AED 75 per sqft
10 May 2015RentedNew contract
AED 425,000/yr12 months · AED 75 per sqft

Source: Dubai Land Department. Updated 2 January 2023.

Key facts

Type
4-bed apartment
Size
5,645 sqft
Floor
70th of 88
Parking
P2-63,64,65
Developer
Hircon International
Completed
2012
Service charge
AED 108,700 /yr
Last sold
AED 7.8M · January 2023

About 7004, 23 Marina Tower

7004 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 2 January 2023 for AED 7,800,000, or AED 1,381 per sqft, 6% above the AED 1,302 four-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, renewed on 20 December 2021, is AED 291,000 a year: a gross yield of 3.7% on the 2023 price, before the service charge of about AED 108,700 a year.

Sales and rents for 7004 over time

Sales
Unit 7004, 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 8,374,840 (AED 1,483 per sqft)Sold, March 2015: AED 8,050,000 (AED 1,426 per sqft)Sold, March 2015: AED 8,374,840 (AED 1,483 per sqft)Sold, January 2023: AED 7,800,000 (AED 1,381 per sqft)

7004 has sold 4 times; the dashed line is the four-bed median of each year in the building.

Rents
Unit 7004, 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, May 2015: AED 425,000 a yearNew contract, August 2016: AED 425,000 a yearNew contract, August 2017: AED 402,427 a yearRenewal, August 2018: AED 350,000 a yearRenewal, August 2019: AED 335,000 a yearNew contract, December 2020: AED 291,000 a yearRenewal, December 2021: AED 291,000 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 7004 sits

All 48 4-beds →

7004 last sold in January 2023 at AED 1,381 per sqft, 6% above what four-beds in 23 Marina Tower were fetching at the time (AED 1,302). 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. 7004's AED 291,000 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
70024-bedAED 6.3M · Dec 2012
70034-bedAED 2.31M · Mar 2013

7004, 23 Marina Tower in numbers

  • Sold 4 times: first on 14 September 2009 for AED 8,374,840, last on 2 January 2023 for AED 7,800,000 (AED 1,381 per sqft).
  • Rented since May 2015 on 7 Ejari contracts, from AED 425,000 to AED 291,000 a year.
  • At AED 291,000 a year the gross yield on the 2023 price is 3.7%, 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 2 January 2023.

Questions about 7004, 23 Marina Tower

What did unit 7004 last sell for?

AED 7,800,000 on 2 January 2023: AED 1,381 per sqft for 5,645 sqft. The unit has 4 registered sales; the first was AED 8,374,840 in September 2009.

What is the rent for unit 7004?

AED 291,000 a year on the contract renewed on 20 December 2021. The previous contract, from December 2020, was AED 291,000; the unit has been rented since May 2015.

How big is unit 7004?

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 7004 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.

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Mortgage on 7004, 23 Marina Tower

Starts from the last sale price (AED 7.8M, 2 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 7,800,000
Deposit, UAE resident (20%)
AED 1,560,000
Deposit, non-resident (40%)
AED 3,120,000
Monthly over 25 years at 3.7%
AED 31,912

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