23 MARINA
ResaleDeveloperHIRCON INTERNATIONAL L.L.C
CommunityDubai Marina
AreaMarsa Dubai
Started
20 years 3 months ago30-09-2005
Handover
15 years 5 months ago15-08-2010
Status
CompleteFinished
Project Description
Freehold residential tower development located at the Dubai Marina. The building is designed and constructed as a 4B+G+4P+84 storey high tower formed in a concrete structure with its internal and external finishes.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Falling-12%
DeclineCurrent:AED 1,420/sqft
Last 12M:AED 1,610/sqft
Momentum: Last 12Mvs Prior Year
Rising+14%
GrowthLast 12M:AED 1,610/sqft
Prior Year:AED 1,408/sqft
Community Compare: Last 90DDubai Marina
Discount-18%
Below AvgProject:AED 1,420/sqft
Community:AED 1,731/sqft
Liquidity: Last 12MExit Speed
Low6%Turnover
19Sold (Last 12M)
Supply & Demand Matrix
23 MARINA averaged 6% liquidity over the last 12 months, which is considered low. High velocity indicates an active secondary market with easier exit potential. Lower velocity suggests long-term holds or cooling demand.
Type
Absorption (L12M)
Velocity
2 Bedrooms
48 units
3 sold45 left
6%
Velocity
3 Bedrooms
192 units
12 sold180 left
6%
Velocity
4 Bedrooms
48 units
4 sold44 left
8%
Velocity
5 Bedrooms
1 units
0 sold1 left
0%
Velocity
Office
5 units
0 sold5 left
0%
Velocity
Layouts & Units (294)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class 2 Bed FlatFloors 8-31 | Inventory 48units Typically 1 parking ~14 sqm balcony | Size Range 808-1,617sqft | Price Range AED 683K - AED 2.9M | Avg PSF 961 | Sales 91 | Trend — | |
Asset Class 3 Bed FlatFloors 8-58 | Inventory 192units 3 layouts · Typically 2 parking 14-34 sqm balcony | Size Range 537-2,980sqft | Price Range AED 550K - AED 6.0M | Avg PSF 995 | Sales 366 | Trend — | |
Asset Class 4 Bed FlatFloors 62-84 | Inventory 48units 2 layouts · Typically 3 parking 43-54 sqm balcony | Size Range 2,822-5,758sqft | Price Range AED 2.3M - AED 13.8M | Avg PSF 1,165 | Sales 97 | Trend — | |
Asset Class 5 Bed FlatFloor 88 | Inventory 1units Typically 7 parking ~328 sqm balcony | Size Range 38,025-38,025sqft | Price Range AED 8.0M - AED 8.0M | Avg PSF 682 | Sales 1 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 37,238-37,238sqft | Price Range — | Avg PSF 1,748 | Sales 0 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 5,645-5,645sqft | Price Range — | Avg PSF 2,188 | Sales 0 | Trend — | |
Asset Class OfficePodium | Inventory 5units 5 layouts · Typically 0.2 parking | Size Range 472-1,309sqft | Price Range AED 323K - AED 1.3M | Avg PSF 892 | Sales 6 | Trend — |
Grouped into 7 asset classes covering 294 units