4-bed · 2,451 sqftHorizon Tower, Dubai Marina · 35th floor · completed 2006

3502, Horizon Tower

Sold prices and rental history: sold 3 times, last in February 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3502 · DLD and Ejari recordsUpdated 23 February 2022
Last soldAED 1.7M23 February 2022
Current rentAED 125K /yr1 February 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3502, Horizon Tower

What is 3502 worth today?

Last sold for AED 1,700,000 in 2022

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23 Feb 2022SoldReady
AED 1,700,000AED 693 per sqft
1 Feb 2020RentedNew contract
AED 125,000/yr12 months · AED 51 per sqft
26 Jan 2019RentedNew contract
AED 122,000/yr12 months · AED 50 per sqft
26 Jul 2017RentedNew contract
AED 160,000/yr12 months · AED 65 per sqft
15 Jun 2015RentedRenewal
AED 193,038/yr12 months · AED 79 per sqft
15 Jun 2014RentedRenewal
AED 192,000/yr12 months · AED 78 per sqft
13 Jun 2013RentedNew contract
AED 160,000/yr12 months · AED 65 per sqft
14 Jul 2008Sold by developerReady
AED 1,807,312AED 737 per sqft

Source: Dubai Land Department. Updated 23 February 2022.

Key facts

Type
4-bed apartment
Size
2,451 sqft
Floor
35th of 44
Parking
B1-69,B1-70
Developer
Gulf General Investments Co
Completed
2006
Service charge
AED 35,600 /yr
Last sold
AED 1.7M · February 2022

About 3502, Horizon Tower

3502 is a four-bedroom apartment of 2,451 sqft on the 35th floor of Horizon Tower, a 44-storey tower in Dubai Marina completed in 2006 by Gulf General Investments Co. It last sold on 23 February 2022 for AED 1,700,000, or AED 693 per sqft, 4% above the AED 664 four-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 1 February 2020, is AED 125,000 a year: a gross yield of 7.3% on the 2022 price, before the service charge of about AED 35,600 a year.

Sales and rents for 3502 over time

Sales
Unit 3502, 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 1,807,312 (AED 737 per sqft)Sold, July 2008: AED 3,030,000 (AED 1,236 per sqft)Sold, February 2022: AED 1,700,000 (AED 693 per sqft)

3502 has sold 3 times; the dashed line is the four-bed median of each year in the building.

Rents
Unit 3502, 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 2013: AED 160,000 a yearRenewal, June 2014: AED 192,000 a yearRenewal, June 2015: AED 193,038 a yearNew contract, July 2017: AED 160,000 a yearNew contract, January 2019: AED 122,000 a yearNew contract, February 2020: AED 125,000 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 3502 sits

All 164 4-beds →

3502 last sold in February 2022 at AED 693 per sqft, 4% above what four-beds in Horizon Tower were fetching at the time (AED 664). 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. 3502's AED 125,000 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 35th floor

All 164 units in Horizon Tower
Value
35014-bedAED 1.77M · Apr 2015
35034-bedAED 2.35M · May 2008
35044-bedAED 1.95M · Nov 2012

3502, Horizon Tower in numbers

  • Sold 3 times: first on 14 July 2008 for AED 3,030,000, last on 23 February 2022 for AED 1,700,000 (AED 693 per sqft).
  • Rented since June 2013 on 6 Ejari contracts, from AED 160,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2022 price is 7.3%, 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 23 February 2022.

Questions about 3502, Horizon Tower

What did unit 3502 last sell for?

AED 1,700,000 on 23 February 2022: AED 693 per sqft for 2,451 sqft. The unit has 3 registered sales; the first was AED 3,030,000 in July 2008.

What is the rent for unit 3502?

AED 125,000 a year on the contract signed on 1 February 2020. The previous contract, from January 2019, was AED 122,000; the unit has been rented since June 2013.

How big is unit 3502?

2,451 sqft (227.7 sqm): a four-bedroom apartment on the 35th floor of a 44-storey tower completed in 2006.

What is unit 3502 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 3502, Horizon Tower

Starts from the last sale price (AED 1.7M, 23 February 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,700,000
Deposit, UAE resident (20%)
AED 340,000
Deposit, non-resident (40%)
AED 680,000
Monthly over 25 years at 3.7%
AED 6,955

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