1202, Cascades Tower
Sold prices and rental history: sold once, by the developer in February 2010, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1202, Cascades Tower
What is 1202 worth today?
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Source: Dubai Land Department. Updated 15 May 2019.
Key facts
- Type
- 3-bed apartment
- Size
- 2,190 sqft
- Parking
- B-91, G-24
- Developer
- Mustafa bin Abdul Latif Group
- Completed
- 2006
- Service charge
- AED 47,900 /yr
- Last sold
- AED 1.26M · February 2010
- Building
- Cascades Tower
About 1202, Cascades Tower
1202 is a three-bedroom apartment of 2,190 sqft of Cascades Tower, a 13-storey tower in Dubai Marina completed in 2006 by Mustafa bin Abdul Latif Group. The developer sold it on 22 February 2010 for AED 1,261,000, or AED 575 per sqft.
It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, signed on 15 May 2019, is AED 125,000 a year: a gross yield of 9.9% on the 2010 price, before the service charge of about AED 47,900 a year.
Sales and rents for 1202 over time
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Cascades Tower, and where 1202 sits
All 5 3-beds →1202's AED 125,000 is at the bottom of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 1 Dec 20101 December 2010 | 2,190 sqft | 1,212,500 | 553 | ||
| 1 Dec 20101 December 2010 | 2,190 sqft | 1,261,000 | 575 | ||
| 23 Feb 201023 February 2010 | 2,190 sqft | 1,261,000 | 575 | ||
| 22 Feb 201022 February 2010 | 3,008 sqft | 1,794,500 | 596 |
Cascades Tower
Building5 apartments, studios to 3-bed over 13 floors in Dubai Marina, completed in 2006 by Mustafa bin Abdul Latif Group. 1 sold in the last 12 months.
- Typical price per sqft
- AED 1,250
- Typical sale
- AED 1.1M
- Typical rent
- AED 111K /yr
- Typical yield
- 7.1%
1202, Cascades Tower in numbers
- Sold once: by Mustafa bin Abdul Latif Group on 22 February 2010 for AED 1,261,000, or AED 575 per sqft.
- Rented since April 2013 on 4 Ejari contracts, from AED 140,000 to AED 125,000 a year.
- At AED 125,000 a year the gross yield on the 2010 price is 9.9%, before a service charge of about AED 47,900 a year (AED 21.85 per sqft).
Source: Dubai Land Department. Updated 15 May 2019.
Questions about 1202, Cascades Tower
What did unit 1202 last sell for?
AED 1,261,000 on 22 February 2010, sold by the developer: AED 575 per sqft for 2,190 sqft. It is the only registered sale of the unit.
What is the rent for unit 1202?
AED 125,000 a year on the contract signed on 15 May 2019. The previous contract, from January 2018, was AED 170,000; the unit has been rented since April 2013.
How big is unit 1202?
2,190 sqft (203.5 sqm): a three-bedroom apartment of a 13-storey tower completed in 2006.
What is unit 1202 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 1202, Cascades Tower
Starts from the last sale price (AED 1.26M, 22 February 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 1,261,000
- Deposit, UAE resident (20%)
- AED 252,200
- Deposit, non-resident (40%)
- AED 504,400
- Monthly over 25 years at 3.7%
- AED 5,159
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →