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4-bed · 2,451 sqftHorizon Tower, Dubai Marina · 27th floor · completed 2006

2702, Horizon Tower

Sold prices and rental history: sold twice, last in August 2011, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2702 · DLD and Ejari recordsUpdated 1 September 2020
Last soldAED 1.43M23 August 2011
Current rentAED 130K /yr1 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2702, Horizon Tower

What is 2702 worth today?

Last sold for AED 1,425,000 in 2011

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1 Sep 2020RentedRenewal
AED 130,000/yr12 months · AED 53 per sqft
1 Sep 2019RentedNew contract
AED 150,000/yr12 months · AED 61 per sqft
2 Aug 2018RentedNew contract
AED 190,000/yr12 months · AED 77 per sqft
23 Aug 2011SoldReady
AED 1,425,000AED 581 per sqft
21 Aug 2011Sold by developerReady
AED 1,696,747AED 692 per sqft

Source: Dubai Land Department. Updated 1 September 2020.

Key facts

Type
4-bed apartment
Size
2,451 sqft
Floor
27th of 44
Parking
B1-03,B1-04
Developer
Gulf General Investments Co
Completed
2006
Service charge
AED 35,600 /yr
Last sold
AED 1.43M · August 2011
Building
Horizon Tower

About 2702, Horizon Tower

2702 is a four-bedroom apartment of 2,451 sqft on the 27th floor of Horizon Tower, a 44-storey tower in Dubai Marina completed in 2006 by Gulf General Investments Co. It last sold on 23 August 2011 for AED 1,425,000, or AED 581 per sqft, 7% below the AED 622 four-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, renewed on 1 September 2020, is AED 130,000 a year: a gross yield of 9.1% on the 2011 price, before the service charge of about AED 35,600 a year.

Sales and rents for 2702 over time

Sales
Unit 2702, 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, August 2011: AED 1,425,000 (AED 581 per sqft)Sold by developer, August 2011: AED 1,696,747 (AED 692 per sqft)

2702 has sold twice; the dashed line is the four-bed median of each year in the building.

Rents
Unit 2702, 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, August 2018: AED 190,000 a yearNew contract, September 2019: AED 150,000 a yearRenewal, September 2020: AED 130,000 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 2702 sits

All 164 4-beds →

2702 last sold in August 2011 at AED 581 per sqft, 7% below what four-beds in Horizon Tower were fetching at the time (AED 622). 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. 2702's AED 130,000 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 27th floor

All 164 units in Horizon Tower
Value
27014-bedAED 3.1M · Apr 2025
27034-bedAED 1.8M · May 2011
27044-bedAED 1.71M · Sep 2021

2702, Horizon Tower in numbers

  • Sold twice: first on 21 August 2011 for AED 1,696,747, last on 23 August 2011 for AED 1,425,000 (AED 581 per sqft).
  • Rented since August 2018 on 3 Ejari contracts, from AED 190,000 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2011 price is 9.1%, 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 1 September 2020.

Questions about 2702, Horizon Tower

What did unit 2702 last sell for?

AED 1,425,000 on 23 August 2011: AED 581 per sqft for 2,451 sqft. The unit has 2 registered sales; the first was AED 1,696,747 in August 2011.

What is the rent for unit 2702?

AED 130,000 a year on the contract renewed on 1 September 2020. The previous contract, from September 2019, was AED 150,000; the unit has been rented since August 2018.

How big is unit 2702?

2,451 sqft (227.7 sqm): a four-bedroom apartment on the 27th floor of a 44-storey tower completed in 2006.

What is unit 2702 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 2702, Horizon Tower

Starts from the last sale price (AED 1.43M, 23 August 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,425,000
Deposit, UAE resident (20%)
AED 285,000
Deposit, non-resident (40%)
AED 570,000
Monthly over 25 years at 3.7%
AED 5,830

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