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4-bed · 2,409 sqftHorizon Tower, Dubai Marina · 6th floor · completed 2006

601, Horizon Tower

Sold prices and rental history: sold twice, last in October 2024, and rented once, from September 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 601 · DLD and Ejari recordsUpdated 15 October 2024
Last soldAED 2.23M15 October 2024
Current rentAED 100K /yr1 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 601, Horizon Tower

What is 601 worth today?

Last sold for AED 2,229,845 in 2024

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15 Oct 2024SoldReady
AED 2,229,845AED 925 per sqft
1 Sep 2020RentedNew contract
AED 100,000/yr12 months · AED 41 per sqft
25 Nov 2008Sold by developerReady
AED 1,614,532AED 670 per sqft

Source: Dubai Land Department. Updated 15 October 2024.

Key facts

Type
4-bed apartment
Size
2,409 sqft
Floor
6th of 44
Parking
B3-59, B3-58
Developer
Gulf General Investments Co
Completed
2006
Service charge
AED 35,000 /yr
Last sold
AED 2.23M · October 2024
Building
Horizon Tower

About 601, Horizon Tower

601 is a four-bedroom apartment of 2,409 sqft on the 6th floor of Horizon Tower, a 44-storey tower in Dubai Marina completed in 2006 by Gulf General Investments Co. It last sold on 15 October 2024 for AED 2,229,845, or AED 925 per sqft, 8% below the AED 1,006 four-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 September 2020. The current contract, signed on 1 September 2020, is AED 100,000 a year: a gross yield of 4.5% on the 2024 price, before the service charge of about AED 35,000 a year.

Sales and rents for 601 over time

Sales
Unit 601, 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, November 2008: AED 1,614,532 (AED 670 per sqft)Sold, October 2024: AED 2,229,845 (AED 925 per sqft)

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

Rents
Unit 601, 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, September 2020: AED 100,000 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 601 sits

All 164 4-beds →

601 last sold in October 2024 at AED 925 per sqft, 8% below what four-beds in Horizon Tower were fetching at the time (AED 1,006). 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. 601's AED 100,000 is at the bottom 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 6th floor

All 164 units in Horizon Tower
Value
6024-bedAED 1.6M · Nov 2021
6034-bedAED 1.43M · Aug 2021
6044-bedAED 1.48M · Nov 2021

601, Horizon Tower in numbers

  • Sold twice: first on 25 November 2008 for AED 1,614,532, last on 15 October 2024 for AED 2,229,845 (AED 925 per sqft).
  • Rented since September 2020 on one Ejari contract, at AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2024 price is 4.5%, before a service charge of about AED 35,000 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 15 October 2024.

Questions about 601, Horizon Tower

What did unit 601 last sell for?

AED 2,229,845 on 15 October 2024: AED 925 per sqft for 2,409 sqft. The unit has 2 registered sales; the first was AED 1,614,532 in November 2008.

What is the rent for unit 601?

AED 100,000 a year on the contract signed on 1 September 2020.

How big is unit 601?

2,409 sqft (223.8 sqm): a four-bedroom apartment on the 6th floor of a 44-storey tower completed in 2006.

What is unit 601 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 601, Horizon Tower

Starts from the last sale price (AED 2.23M, 15 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,229,845
Deposit, UAE resident (20%)
AED 445,969
Deposit, non-resident (40%)
AED 891,938
Monthly over 25 years at 3.7%
AED 9,123

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