4-bed · 2,451 sqftHorizon Tower, Dubai Marina · 23rd floor · completed 2006

2302, Horizon Tower

Sold prices and rental history: sold twice, last in June 2018, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2302 · DLD and Ejari recordsUpdated 18 September 2024
Last soldAED 1.9M28 June 2018
Current rentAED 345K /yr18 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2302, Horizon Tower

What is 2302 worth today?

Last sold for AED 1,900,000 in 2018

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18 Sep 2024RentedNew contract
AED 345,000/yr25 months · AED 141 per sqft
18 Sep 2024RentedNew contract
AED 345,000/yr25 months · AED 141 per sqft
26 Oct 2022RentedNew contract
AED 130,000/yr12 months · AED 53 per sqft
20 Nov 2020RentedNew contract
AED 100,000/yr12 months · AED 41 per sqft
1 Nov 2019RentedRenewal
AED 120,000/yr12 months · AED 49 per sqft
1 Nov 2018RentedNew contract
AED 120,000/yr12 months · AED 49 per sqft
28 Jun 2018SoldReady
AED 1,900,000AED 775 per sqft
1 Jun 2016RentedNew contract
AED 240,000/yr12 months · AED 98 per sqft

Source: Dubai Land Department. Updated 18 September 2024.

Key facts

Type
4-bed apartment
Size
2,451 sqft
Floor
23rd of 44
Parking
B2-62, B2-63
Developer
Gulf General Investments Co
Completed
2006
Service charge
AED 35,600 /yr
Last sold
AED 1.9M · June 2018

About 2302, Horizon Tower

2302 is a four-bedroom apartment of 2,451 sqft on the 23rd floor of Horizon Tower, a 44-storey tower in Dubai Marina completed in 2006 by Gulf General Investments Co. It last sold on 28 June 2018 for AED 1,900,000, or AED 775 per sqft, 14% below the AED 897 four-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, signed on 18 September 2024, is AED 345,000 a year: a gross yield of 18.2% on the 2018 price, before the service charge of about AED 35,600 a year.

Sales and rents for 2302 over time

Sales
Unit 2302, 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, July 2008: AED 1,696,747 (AED 692 per sqft)Sold, June 2018: AED 1,900,000 (AED 775 per sqft)

2302 has sold twice; the dashed line is the four-bed median of each year in the building.

Rents
Unit 2302, each contractTypical four-bed in Horizon Tower
200K2012201620202024Typical 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, June 2016: AED 240,000 a yearNew contract, November 2018: AED 120,000 a yearRenewal, November 2019: AED 120,000 a yearNew contract, November 2020: AED 100,000 a yearNew contract, October 2022: AED 130,000 a yearNew contract, September 2024: AED 345,000 a yearNew contract, September 2024: 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 Horizon Tower, and where 2302 sits

All 164 4-beds →

2302 last sold in June 2018 at AED 775 per sqft, 14% below what four-beds in Horizon Tower were fetching at the time (AED 897). 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. 2302's AED 345,000 is in the upper 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 23rd floor

All 164 units in Horizon Tower
Value
23014-bedAED 1.68M · Feb 2009
23034-bedAED 3M · Nov 2024
23044-bedAED 3.1M · Oct 2024

2302, Horizon Tower in numbers

  • Sold twice: first on 14 July 2008 for AED 1,696,747, last on 28 June 2018 for AED 1,900,000 (AED 775 per sqft).
  • Rented since June 2016 on 7 Ejari contracts. The rent fell from AED 240,000 to AED 100,000 in 2020 and recovered to AED 345,000 by September 2024.
  • At AED 345,000 a year the gross yield on the 2018 price is 18.2%, before a service charge of about AED 35,600 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 18 September 2024.

Questions about 2302, Horizon Tower

What did unit 2302 last sell for?

AED 1,900,000 on 28 June 2018: AED 775 per sqft for 2,451 sqft. The unit has 2 registered sales; the first was AED 1,696,747 in July 2008.

What is the rent for unit 2302?

AED 345,000 a year on the contract signed on 18 September 2024. The previous contract, from September 2024, was AED 345,000; the unit has been rented since June 2016.

How big is unit 2302?

2,451 sqft (227.7 sqm): a four-bedroom apartment on the 23rd floor of a 44-storey tower completed in 2006.

What is unit 2302 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 2302, Horizon Tower

Starts from the last sale price (AED 1.9M, 28 June 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,900,000
Deposit, UAE resident (20%)
AED 380,000
Deposit, non-resident (40%)
AED 760,000
Monthly over 25 years at 3.7%
AED 7,773

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