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

2303, Horizon Tower

Sold prices and rental history: sold 3 times, last in November 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2303 · DLD and Ejari recordsUpdated 28 November 2024
Last soldAED 3M28 November 2024
Current rentAED 110K /yr22 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2303, Horizon Tower

What is 2303 worth today?

Last sold for AED 3,000,000 in 2024

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28 Nov 2024SoldReady
AED 3,000,000AED 1,224 per sqft
22 Jun 2022RentedRenewal
AED 110,000/yr12 months · AED 45 per sqft
22 Jun 2021RentedRenewal
AED 110,000/yr12 months · AED 45 per sqft
22 Jun 2020RentedNew contract
AED 110,000/yr12 months · AED 45 per sqft
10 Apr 2019RentedNew contract · flagged as an outlier
AED 20,000/yr12 months · AED 8 per sqft
31 Aug 2009SoldReady
AED 1,950,000AED 795 per sqft
15 Oct 2008Sold by developerReady
AED 2,009,500AED 820 per sqft

Source: Dubai Land Department. Updated 28 November 2024.

Key facts

Type
4-bed apartment
Size
2,451 sqft
Floor
23rd of 44
Parking
B2-64, B2-65
Developer
Gulf General Investments Co
Completed
2006
Service charge
AED 35,600 /yr
Last sold
AED 3M · November 2024

About 2303, Horizon Tower

2303 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 November 2024 for AED 3,000,000, or AED 1,224 per sqft, 20% above the AED 1,017 four-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 22 June 2022, is AED 110,000 a year: a gross yield of 3.7% on the 2024 price, before the service charge of about AED 35,600 a year.

Sales and rents for 2303 over time

Sales
Unit 2303, 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 2008: AED 2,009,500 (AED 820 per sqft)Sold, August 2009: AED 1,950,000 (AED 795 per sqft)Sold, November 2024: AED 3,000,000 (AED 1,224 per sqft)

2303 has sold 3 times; the dashed line is the four-bed median of each year in the building.

Rents
Unit 2303, 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, June 2020: AED 110,000 a yearRenewal, June 2021: AED 110,000 a yearRenewal, June 2022: AED 110,000 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 2303 sits

All 164 4-beds →

2303 last sold in November 2024 at AED 1,224 per sqft, 20% above what four-beds in Horizon Tower were fetching at the time (AED 1,017). 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. 2303's AED 110,000 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 23rd floor

All 164 units in Horizon Tower
Value
23014-bedAED 1.68M · Feb 2009
23024-bedAED 1.9M · Jun 2018
23044-bedAED 3.1M · Oct 2024

2303, Horizon Tower in numbers

  • Sold 3 times: first on 15 October 2008 for AED 2,009,500, last on 28 November 2024 for AED 3,000,000 (AED 1,224 per sqft).
  • Rented since April 2019 on 4 Ejari contracts, from AED 20,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2024 price is 3.7%, 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 28 November 2024.

Questions about 2303, Horizon Tower

What did unit 2303 last sell for?

AED 3,000,000 on 28 November 2024: AED 1,224 per sqft for 2,451 sqft. The unit has 3 registered sales; the first was AED 2,009,500 in October 2008.

What is the rent for unit 2303?

AED 110,000 a year on the contract renewed on 22 June 2022. The previous contract, from June 2021, was AED 110,000; the unit has been rented since April 2019.

How big is unit 2303?

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 2303 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 2303, Horizon Tower

Starts from the last sale price (AED 3M, 28 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,000,000
Deposit, UAE resident (20%)
AED 600,000
Deposit, non-resident (40%)
AED 1,200,000
Monthly over 25 years at 3.7%
AED 12,274

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