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4-bed · 2,451 sqftHorizon Tower, Dubai Marina · 25th floor · completed 2006

2503, Horizon Tower

Sold prices and rental history: sold 4 times, last in September 2021, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2503 · DLD and Ejari recordsUpdated 8 September 2021
Last soldAED 1.8M8 September 2021
Current rentAED 120K /yr10 August 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2503, Horizon Tower

What is 2503 worth today?

Last sold for AED 1,800,000 in 2021

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8 Sep 2021SoldReady
AED 1,800,000AED 734 per sqft
10 Aug 2020RentedNew contract
AED 120,000/yr12 months · AED 49 per sqft
1 Aug 2019RentedNew contract
AED 130,000/yr12 months · AED 53 per sqft
1 Apr 2019RentedRenewal
AED 135,000/yr12 months · AED 55 per sqft
1 Apr 2018RentedRenewal
AED 162,500/yr12 months · AED 66 per sqft
1 Apr 2017RentedRenewal
AED 175,000/yr12 months · AED 71 per sqft
1 Apr 2016RentedRenewal
AED 195,000/yr12 months · AED 79 per sqft
1 Apr 2015RentedRenewal
AED 195,000/yr12 months · AED 79 per sqft

Source: Dubai Land Department. Updated 8 September 2021.

Key facts

Type
4-bed apartment
Size
2,451 sqft
Floor
25th of 44
Parking
B2-82, B2-81
Developer
Gulf General Investments Co
Completed
2006
Service charge
AED 35,600 /yr
Last sold
AED 1.8M · September 2021
Building
Horizon Tower

About 2503, Horizon Tower

2503 is a four-bedroom apartment of 2,451 sqft on the 25th floor of Horizon Tower, a 44-storey tower in Dubai Marina completed in 2006 by Gulf General Investments Co. It last sold on 8 September 2021 for AED 1,800,000, or AED 734 per sqft, 14% above the AED 644 four-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, signed on 10 August 2020, is AED 120,000 a year: a gross yield of 6.7% on the 2021 price, before the service charge of about AED 35,600 a year.

Sales and rents for 2503 over time

Sales
Unit 2503, 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, March 2008: AED 2,009,500 (AED 820 per sqft)Sold, March 2008: AED 1,400,000 (AED 571 per sqft)Sold, June 2013: AED 2,270,000 (AED 926 per sqft)Sold, September 2021: AED 1,800,000 (AED 734 per sqft)

2503 has sold 4 times; the dashed line is the four-bed median of each year in the building.

Rents
Unit 2503, 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, April 2013: AED 165,000 a yearNew contract, April 2014: AED 175,000 a yearRenewal, April 2015: AED 195,000 a yearRenewal, April 2016: AED 195,000 a yearRenewal, April 2017: AED 175,000 a yearRenewal, April 2018: AED 162,500 a yearRenewal, April 2019: AED 135,000 a yearNew contract, August 2019: AED 130,000 a yearNew contract, August 2020: AED 120,000 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 2503 sits

All 164 4-beds →

2503 last sold in September 2021 at AED 734 per sqft, 14% above what four-beds in Horizon Tower were fetching at the time (AED 644). 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. 2503's AED 120,000 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 25th floor

All 164 units in Horizon Tower
Value
25014-bedAED 1.5M · Nov 2020
25024-bedAED 1.09M · Jun 2013
25044-bedAED 1.97M · Jun 2008

2503, Horizon Tower in numbers

  • Sold 4 times: first on 25 March 2008 for AED 1,400,000, last on 8 September 2021 for AED 1,800,000 (AED 734 per sqft).
  • Rented since April 2013 on 9 Ejari contracts, from AED 165,000 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2021 price is 6.7%, 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 8 September 2021.

Questions about 2503, Horizon Tower

What did unit 2503 last sell for?

AED 1,800,000 on 8 September 2021: AED 734 per sqft for 2,451 sqft. The unit has 4 registered sales; the first was AED 1,400,000 in March 2008.

What is the rent for unit 2503?

AED 120,000 a year on the contract signed on 10 August 2020. The previous contract, from August 2019, was AED 130,000; the unit has been rented since April 2013.

How big is unit 2503?

2,451 sqft (227.7 sqm): a four-bedroom apartment on the 25th floor of a 44-storey tower completed in 2006.

What is unit 2503 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 2503, Horizon Tower

Starts from the last sale price (AED 1.8M, 8 September 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,800,000
Deposit, UAE resident (20%)
AED 360,000
Deposit, non-resident (40%)
AED 720,000
Monthly over 25 years at 3.7%
AED 7,364

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