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

604, Horizon Tower

Sold prices and rental history: sold 4 times, last in November 2021, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 604 · DLD and Ejari recordsUpdated 1 November 2021
Last soldAED 1.48M1 November 2021
Current rentAED 85K /yr9 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 604, Horizon Tower

What is 604 worth today?

Last sold for AED 1,475,000 in 2021

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1 Nov 2021SoldReady
AED 1,475,000AED 612 per sqft
9 Aug 2021RentedRenewal
AED 85,000/yr12 months · AED 35 per sqft
9 Aug 2020RentedNew contract
AED 85,000/yr12 months · AED 35 per sqft
21 Mar 2018SoldReady
AED 2,300,000AED 954 per sqft
15 Nov 2009SoldReady
AED 3,100,000AED 1,287 per sqft
8 Nov 2009Sold by developerReady
AED 2,206,260AED 916 per sqft

Source: Dubai Land Department. Updated 1 November 2021.

Key facts

Type
4-bed apartment
Size
2,409 sqft
Floor
6th of 44
Parking
B3-53, B3-52
Developer
Gulf General Investments Co
Completed
2006
Service charge
AED 35,000 /yr
Last sold
AED 1.48M · November 2021
Building
Horizon Tower

About 604, Horizon Tower

604 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 1 November 2021 for AED 1,475,000, or AED 612 per sqft, 5% below the AED 643 four-beds in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, renewed on 9 August 2021, is AED 85,000 a year: a gross yield of 5.8% on the 2021 price, before the service charge of about AED 35,000 a year.

Sales and rents for 604 over time

Sales
Unit 604, 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, November 2009: AED 3,100,000 (AED 1,287 per sqft)Sold by developer, November 2009: AED 2,206,260 (AED 916 per sqft)Sold, March 2018: AED 2,300,000 (AED 954 per sqft)Sold, November 2021: AED 1,475,000 (AED 612 per sqft)

604 has sold 4 times; the dashed line is the four-bed median of each year in the building.

Rents
Unit 604, each contractTypical four-bed in Horizon Tower
100K200K2012201620202024Typical 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 2020: AED 85,000 a yearRenewal, August 2021: AED 85,000 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 604 sits

All 164 4-beds →

604 last sold in November 2021 at AED 612 per sqft, 5% below what four-beds in Horizon Tower were fetching at the time (AED 643). 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. 604's AED 85,000 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
6014-bedAED 2.23M · Oct 2024
6024-bedAED 1.6M · Nov 2021
6034-bedAED 1.43M · Aug 2021

604, Horizon Tower in numbers

  • Sold 4 times: first on 8 November 2009 for AED 2,206,260, last on 1 November 2021 for AED 1,475,000 (AED 612 per sqft).
  • Rented since August 2020 on 2 Ejari contracts, at AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2021 price is 5.8%, 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 1 November 2021.

Questions about 604, Horizon Tower

What did unit 604 last sell for?

AED 1,475,000 on 1 November 2021: AED 612 per sqft for 2,409 sqft. The unit has 4 registered sales; the first was AED 2,206,260 in November 2009.

What is the rent for unit 604?

AED 85,000 a year on the contract renewed on 9 August 2021. The previous contract, from August 2020, was AED 85,000.

How big is unit 604?

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 604 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 604, Horizon Tower

Starts from the last sale price (AED 1.48M, 1 November 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,475,000
Deposit, UAE resident (20%)
AED 295,000
Deposit, non-resident (40%)
AED 590,000
Monthly over 25 years at 3.7%
AED 6,035

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