4-bed · 5,645 sqft23 Marina Tower, Dubai Marina · 74th floor · completed 2012

7402, 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 7402 · DLD and Ejari recordsUpdated 20 June 2019
Last soldAED 5.63M27 December 2012
Current rentAED 345K /yr20 June 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 7402, 23 Marina Tower

What is 7402 worth today?

Last sold for AED 5,631,492 in 2012

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20 Jun 2019RentedRenewal
AED 345,000/yr12 months · AED 61 per sqft
20 Jun 2018RentedRenewal
AED 415,000/yr12 months · AED 74 per sqft
20 Jun 2017RentedRenewal
AED 430,000/yr12 months · AED 76 per sqft
20 Jun 2016RentedRenewal
AED 450,000/yr12 months · AED 80 per sqft
20 Jun 2015RentedNew contract
AED 450,000/yr12 months · AED 80 per sqft
20 Jun 2014RentedNew contract
AED 450,000/yr12 months · AED 80 per sqft
13 May 2013RentedNew contract
AED 450,000/yr12 months · AED 80 per sqft
27 Dec 2012SoldReady
AED 5,631,492AED 997 per sqft

Source: Dubai Land Department. Updated 20 June 2019.

Key facts

Type
4-bed apartment
Size
5,645 sqft
Floor
74th of 88
Parking
P2-31,32,33
Developer
Hircon International
Completed
2012
Service charge
AED 108,700 /yr
Last sold
AED 5.63M · December 2012

About 7402, 23 Marina Tower

7402 is a four-bedroom apartment of 5,645 sqft on the 74th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 27 December 2012 for AED 5,631,492, or AED 997 per sqft, in line with the AED 997 four-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 20 June 2019, is AED 345,000 a year: a gross yield of 6.1% on the 2012 price, before the service charge of about AED 108,700 a year.

Sales and rents for 7402 over time

Sales
Unit 7402, 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 5,631,492 (AED 997 per sqft)Sold, December 2012: AED 5,631,492 (AED 997 per sqft)

7402 has sold twice; the dashed line is the four-bed median of each year in the building.

Rents
Unit 7402, 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 2013: AED 450,000 a yearNew contract, June 2014: AED 450,000 a yearNew contract, June 2015: AED 450,000 a yearRenewal, June 2016: AED 450,000 a yearRenewal, June 2017: AED 430,000 a yearRenewal, June 2018: AED 415,000 a yearRenewal, June 2019: AED 345,000 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 7402 sits

All 48 4-beds →

7402 last sold in December 2012 at AED 997 per sqft, in line with what four-beds in 23 Marina Tower were fetching at the time (AED 997). 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. 7402's AED 345,000 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 74th floor

All 289 units in 23 Marina Tower
Value
74014-bedAED 8.5M · Mar 2013
74034-bedAED 6.64M · Dec 2012
74044-bedAED 12.6M · Nov 2023

7402, 23 Marina Tower in numbers

  • Sold twice: first on 3 August 2009 for AED 5,631,492, last on 27 December 2012 for AED 5,631,492 (AED 997 per sqft).
  • Rented since May 2013 on 7 Ejari contracts, from AED 450,000 to AED 345,000 a year.
  • At AED 345,000 a year the gross yield on the 2012 price is 6.1%, 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 20 June 2019.

Questions about 7402, 23 Marina Tower

What did unit 7402 last sell for?

AED 5,631,492 on 27 December 2012: AED 997 per sqft for 5,645 sqft. The unit has 2 registered sales; the first was AED 5,631,492 in August 2009.

What is the rent for unit 7402?

AED 345,000 a year on the contract renewed on 20 June 2019. The previous contract, from June 2018, was AED 415,000; the unit has been rented since May 2013.

How big is unit 7402?

5,645 sqft (524.4 sqm): a four-bedroom apartment on the 74th floor of a 88-storey tower completed in 2012.

What is unit 7402 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 7402, 23 Marina Tower

Starts from the last sale price (AED 5.63M, 27 December 2012). Switch to today's estimate once you have unlocked it.
Price
AED 5,631,492
Deposit, UAE resident (20%)
AED 1,126,298
Deposit, non-resident (40%)
AED 2,252,597
Monthly over 25 years at 3.7%
AED 23,040

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