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4-bed · 5,645 sqft23 Marina Tower, Dubai Marina · 72nd floor · completed 2012

7203, 23 Marina Tower

Sold prices and rental history: sold twice, last in December 2016, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7203 · DLD and Ejari recordsUpdated 5 December 2016
Last soldAED 7.15M5 December 2016
Current rentAED 470K /yr1 December 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 7203, 23 Marina Tower

What is 7203 worth today?

Last sold for AED 7,150,000 in 2016

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5 Dec 2016SoldReady
AED 7,150,000AED 1,266 per sqft
1 Dec 2015RentedNew contract
AED 470,000/yr12 months · AED 83 per sqft
10 Jun 2013RentedNew contract
AED 345,589/yr12 months · AED 61 per sqft
25 Mar 2013Sold by developerReady
AED 2,310,356AED 409 per sqft

Source: Dubai Land Department. Updated 5 December 2016.

Key facts

Type
4-bed apartment
Size
5,645 sqft
Floor
72nd of 88
Parking
P2-53,54,55
Developer
Hircon International
Completed
2012
Service charge
AED 108,700 /yr
Last sold
AED 7.15M · December 2016
Building
23 Marina Tower

About 7203, 23 Marina Tower

7203 is a four-bedroom apartment of 5,645 sqft on the 72nd floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 5 December 2016 for AED 7,150,000, or AED 1,266 per sqft.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 1 December 2015, is AED 470,000 a year: a gross yield of 6.6% on the 2016 price, before the service charge of about AED 108,700 a year.

Sales and rents for 7203 over time

Sales
Unit 7203, 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, March 2013: AED 2,310,356 (AED 409 per sqft)Sold, December 2016: AED 7,150,000 (AED 1,266 per sqft)

7203 has sold twice; the dashed line is the four-bed median of each year in the building.

Rents
Unit 7203, 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 345,589 a yearNew contract, December 2015: AED 470,000 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 7203 sits

All 48 4-beds →

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. 7203's AED 470,000 is in the upper 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 72nd floor

All 289 units in 23 Marina Tower
Value
72014-bedAED 5.78M · Dec 2012
72024-bedAED 9M · Mar 2014
72044-bedAED 9.9M · Oct 2026

7203, 23 Marina Tower in numbers

  • Sold twice: first on 25 March 2013 for AED 2,310,356, last on 5 December 2016 for AED 7,150,000 (AED 1,266 per sqft).
  • Rented since June 2013 on 2 Ejari contracts, from AED 345,589 to AED 470,000 a year.
  • At AED 470,000 a year the gross yield on the 2016 price is 6.6%, 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 5 December 2016.

Questions about 7203, 23 Marina Tower

What did unit 7203 last sell for?

AED 7,150,000 on 5 December 2016: AED 1,266 per sqft for 5,645 sqft. The unit has 2 registered sales; the first was AED 2,310,356 in March 2013.

What is the rent for unit 7203?

AED 470,000 a year on the contract signed on 1 December 2015. The previous contract, from June 2013, was AED 345,589.

How big is unit 7203?

5,645 sqft (524.4 sqm): a four-bedroom apartment on the 72nd floor of a 88-storey tower completed in 2012.

What is unit 7203 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 7203, 23 Marina Tower

Starts from the last sale price (AED 7.15M, 5 December 2016). Switch to today's estimate once you have unlocked it.
Price
AED 7,150,000
Deposit, UAE resident (20%)
AED 1,430,000
Deposit, non-resident (40%)
AED 2,860,000
Monthly over 25 years at 3.7%
AED 29,253

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