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4-bed · 2,451 sqftHorizon Tower, Dubai Marina · 6th floor · completed 2006

603, Horizon Tower

Sold prices and rental history: sold twice, last in August 2021, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 603 · DLD and Ejari recordsUpdated 1 March 2022
Last soldAED 1.43M29 August 2021
Current rentAED 186K /yr1 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 603, Horizon Tower

What is 603 worth today?

Last sold for AED 1,425,000 in 2021

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1 Mar 2022RentedNew contract
AED 186,000/yr6 months · AED 76 per sqft
29 Aug 2021SoldReady
AED 1,425,000AED 581 per sqft
5 May 2021RentedNew contract
AED 120,000/yr12 months · AED 49 per sqft
25 Nov 2019RentedNew contract
AED 140,000/yr12 months · AED 57 per sqft
1 May 2018RentedNew contract
AED 140,000/yr12 months · AED 57 per sqft
9 Jul 2008Sold by developerReady
AED 1,851,075AED 755 per sqft

Source: Dubai Land Department. Updated 1 March 2022.

Key facts

Type
4-bed apartment
Size
2,451 sqft
Floor
6th of 44
Parking
B3-55, B3-56
Developer
Gulf General Investments Co
Completed
2006
Service charge
AED 35,600 /yr
Last sold
AED 1.43M · August 2021
Building
Horizon Tower

About 603, Horizon Tower

603 is a four-bedroom apartment of 2,451 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 29 August 2021 for AED 1,425,000, or AED 581 per sqft, 7% below the AED 628 four-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 1 March 2022, is AED 186,000 a year: a gross yield of 13.1% on the 2021 price, before the service charge of about AED 35,600 a year.

Sales and rents for 603 over time

Sales
Unit 603, 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 1,851,075 (AED 755 per sqft)Sold, August 2021: AED 1,425,000 (AED 581 per sqft)

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

Rents
Unit 603, 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, May 2018: AED 140,000 a yearNew contract, November 2019: AED 140,000 a yearNew contract, May 2021: AED 120,000 a yearNew contract, March 2022: AED 186,000 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 603 sits

All 164 4-beds →

603 last sold in August 2021 at AED 581 per sqft, 7% below what four-beds in Horizon Tower were fetching at the time (AED 628). 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. 603's AED 186,000 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 6th floor

All 164 units in Horizon Tower
Value
6014-bedAED 2.23M · Oct 2024
6024-bedAED 1.6M · Nov 2021
6044-bedAED 1.48M · Nov 2021

603, Horizon Tower in numbers

  • Sold twice: first on 9 July 2008 for AED 1,851,075, last on 29 August 2021 for AED 1,425,000 (AED 581 per sqft).
  • Rented since May 2018 on 4 Ejari contracts. The rent fell from AED 140,000 to AED 120,000 in 2021 and recovered to AED 186,000 by March 2022.
  • At AED 186,000 a year the gross yield on the 2021 price is 13.1%, 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 March 2022.

Questions about 603, Horizon Tower

What did unit 603 last sell for?

AED 1,425,000 on 29 August 2021: AED 581 per sqft for 2,451 sqft. The unit has 2 registered sales; the first was AED 1,851,075 in July 2008.

What is the rent for unit 603?

AED 186,000 a year on the contract signed on 1 March 2022. The previous contract, from May 2021, was AED 120,000; the unit has been rented since May 2018.

How big is unit 603?

2,451 sqft (227.7 sqm): a four-bedroom apartment on the 6th floor of a 44-storey tower completed in 2006.

What is unit 603 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 603, Horizon Tower

Starts from the last sale price (AED 1.43M, 29 August 2021). 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 →