23 Marina
✓ Resale Available

23 Marina

From AED 3.10M·Completed Mar 2012·Developer payment plan available Payment
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AED 3.10M
Starting Price
Mar 2012
Handover
Developer payment plan available
Payment Plan
2 BR · Apartments
Type

Project Overview

23 Marina is an impressive residential complex in the prestigious Dubai Marina area, developed by developer ETA STAR. The building is one of the tallest residential skyscrapers in the city. The architectural appearance of the skyscraper impresses with its modern design with elegant lines and panoramic glazing. The facade is made using high-quality materials, creating a spectacular appearance and harmonious combination with the Dubai Marina skyline. The complex offers apartments with 2-3 bedrooms of various layouts, as well as luxury duplexes with 4 bedrooms. All rooms are designed with maximum comfort in mind. The interior of the apartments is made using premium materials. Residents of the complex can enjoy a wide range of amenities, including indoor and outdoor pools, a modern fitness center, playgrounds, recreation areas and underground parking. Security is provided by round-the-clock security and modern video surveillance systems. The location of the complex provides excellent transport accessibility. It takes 21 minutes by car to get to Dubai Marina Mall, 11 minutes to get to Palm Jumeirah, and 29 minutes to get to Dubai International Airport. There are numerous restaurants, shopping malls and entertainment complexes in the immediate vicinity, which makes life at 23 Marina as comfortable and intense as possible.

Project Specifications
DeveloperETA Star
LocationDubai Marina
Unit Types2 BR, Apartments
AreaDubai Marina
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 133,765 / year
Cash-on-Cash
1.8%
Levered cashflow AED 31,465
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 201,500 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
23 Marina launch basis3,444AED 3.10MCurrent launch / asking basis
Dubai Marina ready-stock comps2,100AED 1.89MIndicative resale benchmark
Dubai Marina premium peer launches2,550AED 2.29MNew-launch peer set
Trophy alternative proxy3,200AED 2.88MHigher-end anchor for negotiation context

Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from ETA Star.

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Payment Structure

Developer payment plan available

Flexible Payment

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Amenities & Lifestyle

BBQ
Billiards
Central A/C
Children’s pool
Covered Kids Play Area
Dining outlets (coffee houses & restaurants)
Gaming Lounge
Jogging tracks
Kids Club
Landscaped garden
Lift
Lobby
Parking
Pool Deck
Retail outlets
SPA
Security and CCTV
Shared Jacuzzi
Shared Pool
Shared gym & fitness
Sitting Area
Social zone
Table Tennis
Walking paths

Location

Dubai Marina

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Dubai MarinaDubai MarinaDubai, UAE

Developer Track Record

01

23 Marina by ETA Star

02

Located in Dubai Marina

03

Starting from AED 3,100,000

04

Unit mix includes 2 BR, Apartments

05

Expected handover: Mar 2012

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Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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