PropertyIndex

23 Marina

Completed · Q3 2010|294 units · 1 tower

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23 Marina is a completed apartment development by HIRCON INTERNATIONAL L.L.C in Dubai Marina, Marsa Dubai, comprising 294 registered units. 895 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,396 per sqft. At AED 1,396 per sqft, 23 Marina prices 45% below the Dubai Marina average of AED 2,539 per sqft on registered sales.

PIX© price · 10.8% YoY
3.71MAED
Typical
1,396AED
PSF
Gross yield
6.1%
PIX© rent ÷ PIX© price
Sale records
895
DLD · all time
Rent contracts
1,763
Ejari · all time
23 Marina

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

TypeUnitsPIX© PricePIX© PSFPSF YoYPIX© Rent /yrYield
PIX© Core
Project-Wide
472 – 38,025 sqft
2943.71M1,39610.8%227K6.1%
Residential
2 Bed · Apartment
1,617 sqft
48
3 Bed · Apartment
2,146 – 2,980 sqft
192
4 Bed · Apartment
5,645 – 5,758 sqft
48
5 Bed · Apartment
38,025 sqft
1
Villa (Bedrooms Unknown)
37,238 sqft
Commercial
Office
472 – 1,309 sqft
5
Sales — Project-Wide895 DLD records
PIX© price analysis
PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range
PSF range
Avg size
Cash : mortgage
Off-plan : ready
Latest transactions
DateUnitPositionSizePricePSFvs Prior SaleTierType
14 Aug 20262 BedFloor 191,6172,100,0001,299+58.7%StandardStandard Sale
22 Jul 20262 BedFloor 151,6172,150,0001,330+10.3%StandardStandard Sale
17 Jul 20264 BedFloor 665,6457,600,0001,346StandardStandard Sale
Rentals — Project-Wide1,763 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Floor Analysis
last 24 months
Median Rent / Yr · 194 rentals
Floors 8-53 · 160 rentals
Floors 54-84 · 34 rentals
Latest contracts
Start DateUnitPositionSizeRent / YrRent PSFvs Prior RentTierType
1 Oct 20264 Bed5,645300,00053Entry Levelrenewal
1 Sep 20262 Bed1,617125,00077Entry Levelnew
15 Aug 20263 BedFloor 442,980210,000700.0%Standardnew

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Comparable projects in Dubai Marina

The closest-priced registered projects in Dubai Marina.

Common questions about 23 Marina

Answered from Dubai Land Department registered transactions.

How much does a property in 23 Marina cost?

Property in 23 Marina sells at a current PIX© price of AED 1,396 per sqft, or about AED 3,707,425 for a typical unit, based on 895 sales registered with the Dubai Land Department.

Is 23 Marina completed?

Yes. 23 Marina is recorded as completed in the Dubai Land Department project register (completed q3 2010).

Who is the developer of 23 Marina?

23 Marina is developed by HIRCON INTERNATIONAL L.L.C, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in 23 Marina?

23 Marina yields 6.1% gross, calculated from current PIX© rent against current PIX© sale price, across 1,763 registered Ejari contracts.

How many units are in 23 Marina?

23 Marina holds 294 registered units, per the Dubai Land Department unit register.

Have prices in 23 Marina gone up or down?

Price per sqft has fallen -10.8% over the last 12 months, to AED 1,396, across 895 registered sales.