4-bed · 2,451 sqftHorizon Tower, Dubai Marina · 37th floor · completed 2006

3702, Horizon Tower

Sold prices and rental history: sold once, by the developer in March 2009, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3702 · DLD and Ejari recordsUpdated 31 October 2023
Last soldAED 1.15M29 March 2009
Current rentAED 320K /yr31 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3702, Horizon Tower

What is 3702 worth today?

Last sold for AED 1,148,465 in 2009

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31 Oct 2023RentedNew contract
AED 320,000/yr12 months · AED 131 per sqft
1 Dec 2022RentedRenewal
AED 250,000/yr11 months · AED 102 per sqft
1 Dec 2021RentedNew contract
AED 225,000/yr12 months · AED 92 per sqft
1 Sep 2020RentedNew contract
AED 120,000/yr12 months · AED 49 per sqft
10 Feb 2019RentedNew contract
AED 160,000/yr12 months · AED 65 per sqft
1 Dec 2017RentedNew contract
AED 170,000/yr12 months · AED 69 per sqft
1 Nov 2016RentedNew contract
AED 178,000/yr12 months · AED 73 per sqft
5 Jul 2015RentedNew contract
AED 193,500/yr12 months · AED 79 per sqft

Source: Dubai Land Department. Updated 31 October 2023.

Key facts

Type
4-bed apartment
Size
2,451 sqft
Floor
37th of 44
Parking
B1-87,B1-88
Developer
Gulf General Investments Co
Completed
2006
Service charge
AED 35,600 /yr
Last sold
AED 1.15M · March 2009

About 3702, Horizon Tower

3702 is a four-bedroom apartment of 2,451 sqft on the 37th floor of Horizon Tower, a 44-storey tower in Dubai Marina completed in 2006 by Gulf General Investments Co. The developer sold it on 29 March 2009 for AED 1,148,465, or AED 468 per sqft, 34% below the AED 705 four-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 11 Ejari contracts. The current contract, signed on 31 October 2023, is AED 320,000 a year: a gross yield of 27.9% on the 2009 price, before the service charge of about AED 35,600 a year.

Sales and rents for 3702 over time

Sales
Unit 3702, each saleTypical four-bed in Horizon Tower
1M2M3M2008201320182023Typical 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 2009: AED 1,148,465 (AED 468 per sqft)

3702 has sold once; the dashed line is the four-bed median of each year in the building.

Rents
Unit 3702, each contractTypical four-bed in Horizon Tower
100K200K300K2012201620202024Typical 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, July 2012: AED 130,000 a yearNew contract, July 2013: AED 150,000 a yearNew contract, July 2014: AED 180,000 a yearNew contract, July 2015: AED 193,500 a yearNew contract, November 2016: AED 178,000 a yearNew contract, December 2017: AED 170,000 a yearNew contract, February 2019: AED 160,000 a yearNew contract, September 2020: AED 120,000 a yearNew contract, December 2021: AED 225,000 a yearRenewal, December 2022: AED 250,000 a yearNew contract, October 2023: AED 320,000 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 3702 sits

All 164 4-beds →

3702 last sold in March 2009 at AED 468 per sqft, 34% below what four-beds in Horizon Tower were fetching at the time (AED 705). 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. 3702's AED 320,000 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 37th floor

All 164 units in Horizon Tower
Value
37014-bedAED 1.1M · Mar 2009
37034-bedAED 1.37M · Nov 2008
37044-bedAED 1.45M · Nov 2008

3702, Horizon Tower in numbers

  • Sold once: by Gulf General Investments Co on 29 March 2009 for AED 1,148,465, or AED 468 per sqft.
  • Rented since July 2012 on 11 Ejari contracts, from AED 130,000 to AED 320,000 a year.
  • At AED 320,000 a year the gross yield on the 2009 price is 27.9%, 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 31 October 2023.

Questions about 3702, Horizon Tower

What did unit 3702 last sell for?

AED 1,148,465 on 29 March 2009, sold by the developer: AED 468 per sqft for 2,451 sqft. It is the only registered sale of the unit.

What is the rent for unit 3702?

AED 320,000 a year on the contract signed on 31 October 2023. The previous contract, from December 2022, was AED 250,000; the unit has been rented since July 2012.

How big is unit 3702?

2,451 sqft (227.7 sqm): a four-bedroom apartment on the 37th floor of a 44-storey tower completed in 2006.

What is unit 3702 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 3702, Horizon Tower

Starts from the last sale price (AED 1.15M, 29 March 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,148,465
Deposit, UAE resident (20%)
AED 229,693
Deposit, non-resident (40%)
AED 459,386
Monthly over 25 years at 3.7%
AED 4,699

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