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4-bed · 2,409 sqftHorizon Tower, Dubai Marina · 17th floor · completed 2006

1701, Horizon Tower

Sold prices and rental history: sold once, by the developer in October 2024, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1701 · DLD and Ejari recordsUpdated 28 October 2024
Last soldAED 2.76M28 October 2024
Current rentAED 194K /yr25 January 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1701, Horizon Tower

What is 1701 worth today?

Last sold for AED 2,758,922 in 2024

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28 Oct 2024Sold by developerReady
AED 2,758,922AED 1,145 per sqft
25 Jan 2015RentedNew contract
AED 194,400/yr12 months · AED 81 per sqft
25 Jan 2014RentedNew contract
AED 180,000/yr12 months · AED 75 per sqft

Source: Dubai Land Department. Updated 28 October 2024.

Key facts

Type
4-bed apartment
Size
2,409 sqft
Floor
17th of 44
Parking
B2-22, B2-23
Developer
Gulf General Investments Co
Completed
2006
Service charge
AED 35,000 /yr
Last sold
AED 2.76M · October 2024
Building
Horizon Tower

About 1701, Horizon Tower

1701 is a four-bedroom apartment of 2,409 sqft on the 17th floor of Horizon Tower, a 44-storey tower in Dubai Marina completed in 2006 by Gulf General Investments Co. The developer sold it on 28 October 2024 for AED 2,758,922, or AED 1,145 per sqft, 14% above the AED 1,008 four-beds in the building were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, signed on 25 January 2015, is AED 194,400 a year: a gross yield of 7.0% on the 2024 price, before the service charge of about AED 35,000 a year.

Sales and rents for 1701 over time

Sales
Unit 1701, each saleTypical four-bed in Horizon Tower
2M3M2008201320182023Typical sale price by year: 2008 AED 1,937,440; 2009 AED 1,672,000; 2010 AED 1,900,000; 2011 AED 1,607,500; 2012 AED 1,727,266; 2013 AED 2,200,000; 2014 AED 3,050,000; 2015 AED 2,500,000; 2016 AED 2,650,000; 2017 AED 3,300,000; 2018 AED 1,950,000; 2019 AED 1,500,000; 2020 AED 1,500,000; 2021 AED 1,590,000; 2022 AED 1,880,000; 2023 AED 2,600,000; 2024 AED 2,700,000; 2025 AED 3,000,000; 2026 AED 2,585,000Sold by developer, October 2024: AED 2,758,922 (AED 1,145 per sqft)

1701 has sold once; the dashed line is the four-bed median of each year in the building.

Rents
Unit 1701, each contractTypical four-bed in Horizon Tower
100K150K200K2012201620202024Typical rent by year: 2012 AED 142,500; 2013 AED 168,000; 2014 AED 188,952; 2015 AED 195,000; 2016 AED 180,000; 2017 AED 175,000; 2018 AED 165,000; 2019 AED 150,000; 2020 AED 120,000; 2021 AED 115,000; 2022 AED 140,000; 2023 AED 180,000; 2024 AED 202,500; 2025 AED 210,000; 2026 AED 210,000New contract, January 2014: AED 180,000 a yearNew contract, January 2015: AED 194,400 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 Horizon Tower, and where 1701 sits

All 164 4-beds →

1701 last sold in October 2024 at AED 1,145 per sqft, 14% above what four-beds in Horizon Tower were fetching at the time (AED 1,008). Over the last 12 months four-beds sold for AED 2,300,000 to 3,450,000, around AED 1,067 per sqft, and rent for AED 100,000 to 478,713 a year. 1701's AED 194,400 is in the lower half of that range.

Recent 4-bed salesUnit no.Price (AED)Summary
5 Oct 20262,600,000
19 Aug 20263,200,000
14 Jul 20262,500,000
22 May 20263,450,000
11 4-bed sales in the last 12 months

Horizon Tower

Building

164 apartments, 4-bed over 44 floors in Dubai Marina, completed in 2006 by Gulf General Investments Co. 11 sold in the last 12 months.

Typical price per sqft
AED 1,067 Down 12.1%
Typical sale
AED 2.57M
Typical rent
AED 210K /yr
Typical yield
8.1%
Horizon Tower, Dubai Marina: prices, sales and rents →

Other units on the 17th floor

All 164 units in Horizon Tower
Value
17024-bedAED 1.67M · Sep 2009
17034-bedAED 3.25M · Feb 2025
17044-bedAED 2.7M · May 2024

1701, Horizon Tower in numbers

  • Sold once: by Gulf General Investments Co on 28 October 2024 for AED 2,758,922, or AED 1,145 per sqft.
  • Rented since January 2014 on 2 Ejari contracts, from AED 180,000 to AED 194,400 a year.
  • At AED 194,400 a year the gross yield on the 2024 price is 7.0%, before a service charge of about AED 35,000 a year (AED 14.54 per sqft).
  • Four-beds in Horizon Tower sold for AED 2,300,000–3,450,000 in the 12 months to November 2026; the building's median across all types is AED 1,067 per sqft.

Source: Dubai Land Department. Updated 28 October 2024.

Questions about 1701, Horizon Tower

What did unit 1701 last sell for?

AED 2,758,922 on 28 October 2024, sold by the developer: AED 1,145 per sqft for 2,409 sqft. It is the only registered sale of the unit.

What is the rent for unit 1701?

AED 194,400 a year on the contract signed on 25 January 2015. The previous contract, from January 2014, was AED 180,000.

How big is unit 1701?

2,409 sqft (223.8 sqm): a four-bedroom apartment on the 17th floor of a 44-storey tower completed in 2006.

What is unit 1701 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Horizon Tower sold for AED 2,300,000 to 3,450,000 in the last 12 months, around AED 1,067 per sqft.

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Mortgage on 1701, Horizon Tower

Starts from the last sale price (AED 2.76M, 28 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,758,922
Deposit, UAE resident (20%)
AED 551,784
Deposit, non-resident (40%)
AED 1,103,569
Monthly over 25 years at 3.7%
AED 11,288

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