701, Horizon Tower
Sold prices and rental history: sold twice, last in October 2013, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, Horizon Tower
What is 701 worth today?
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Source: Dubai Land Department. Updated 10 July 2021.
Key facts
- Type
- 4-bed apartment
- Size
- 2,409 sqft
- Floor
- 7th of 44
- Parking
- B3-50, B3-51
- Developer
- Gulf General Investments Co
- Completed
- 2006
- Service charge
- AED 35,000 /yr
- Last sold
- AED 2.41M · October 2013
- Building
- Horizon Tower
About 701, Horizon Tower
701 is a four-bedroom apartment of 2,409 sqft on the 7th floor of Horizon Tower, a 44-storey tower in Dubai Marina completed in 2006 by Gulf General Investments Co. It last sold on 7 October 2013 for AED 2,410,000, or AED 1,000 per sqft, 24% above the AED 808 four-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 9 Ejari contracts. The current contract, signed on 10 July 2021, is AED 120,000 a year: a gross yield of 5.0% on the 2013 price, before the service charge of about AED 35,000 a year.
Sales and rents for 701 over time
701 has sold twice; the dashed line is the four-bed median of each year in the building.
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 701 sits
All 164 4-beds →701 last sold in October 2013 at AED 1,000 per sqft, 24% above what four-beds in Horizon Tower were fetching at the time (AED 808). 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. 701's AED 120,000 is in the lower half of that range.
| Recent 4-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 5 Oct 20265 October 2026 | 2,409 sqft | 2,600,000 | 1,079 | ||
| 19 Aug 202619 August 2026 | 2,409 sqft | 3,200,000 | 1,328 | ||
| 14 Jul 202614 July 2026 | 2,409 sqft | 2,500,000 | 1,037 | ||
| 22 May 202622 May 2026 | 2,451 sqft | 3,450,000 | 1,407 |
Horizon Tower
Building164 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%
Other units on the 7th floor
All 164 units in Horizon Tower701, Horizon Tower in numbers
- Sold twice: first on 25 November 2008 for AED 1,614,532, last on 7 October 2013 for AED 2,410,000 (AED 1,000 per sqft).
- Rented since February 2015 on 9 Ejari contracts, from AED 200,000 to AED 120,000 a year.
- At AED 120,000 a year the gross yield on the 2013 price is 5.0%, 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 10 July 2021.
Questions about 701, Horizon Tower
What did unit 701 last sell for?
AED 2,410,000 on 7 October 2013: AED 1,000 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 701?
AED 120,000 a year on the contract signed on 10 July 2021. The previous contract, from July 2020, was AED 120,000; the unit has been rented since February 2015.
How big is unit 701?
2,409 sqft (223.8 sqm): a four-bedroom apartment on the 7th floor of a 44-storey tower completed in 2006.
What is unit 701 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 701, Horizon Tower
Starts from the last sale price (AED 2.41M, 7 October 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 2,410,000
- Deposit, UAE resident (20%)
- AED 482,000
- Deposit, non-resident (40%)
- AED 964,000
- Monthly over 25 years at 3.7%
- AED 9,860
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →