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2-bed · 1,220 sqftCascades Tower, Dubai Marina · completed 2006

1206, 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.

Unit 1206 · DLD and Ejari recordsUpdated 20 December 2024
Last soldAED 715K23 February 2010
Current rentAED 110K /yr20 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1206, Cascades Tower

What is 1206 worth today?

Last sold for AED 715,000 in 2010

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20 Dec 2024RentedNew contract
AED 110,000/yr12 months · AED 90 per sqft
20 Dec 2024RentedNew contract
AED 110,000/yr12 months · AED 90 per sqft
10 Dec 2023RentedNew contract
AED 120,000/yr12 months · AED 99 per sqft
10 Apr 2023RentedRenewal
AED 75,000/yr12 months · AED 62 per sqft
10 Apr 2022RentedNew contract
AED 75,000/yr12 months · AED 62 per sqft
1 Apr 2020RentedNew contract
AED 80,000/yr12 months · AED 66 per sqft
1 Jan 2019RentedRenewal
AED 100,000/yr12 months · AED 82 per sqft
1 Jan 2018RentedRenewal
AED 107,000/yr12 months · AED 88 per sqft

Source: Dubai Land Department. Updated 20 December 2024.

Key facts

Type
2-bed apartment
Size
1,220 sqft
Parking
G-15
Developer
Mustafa bin Abdul Latif Group
Completed
2006
Service charge
AED 26,700 /yr
Last sold
AED 715K · February 2010
Building
Cascades Tower

About 1206, Cascades Tower

1206 is a two-bedroom apartment of 1,220 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 23 February 2010 for AED 715,000, or AED 586 per sqft, 4% above the AED 561 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 13 Ejari contracts. The current contract, signed on 20 December 2024, is AED 110,000 a year: a gross yield of 15.4% on the 2010 price, before the service charge of about AED 26,700 a year.

Sales and rents for 1206 over time

Sales
Unit 1206, each saleTypical two-bed in Cascades Tower
700K800K200920102011Typical sale price by year: 2009 AED 715,000; 2010 AED 858,450Sold by developer, February 2010: AED 715,000 (AED 586 per sqft)

1206 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1206, each contractTypical two-bed in Cascades Tower
75K100K125K2012201620202024Typical rent by year: 2012 AED 94,000; 2013 AED 95,000; 2014 AED 125,000; 2015 AED 127,851; 2016 AED 125,000; 2017 AED 120,000; 2018 AED 110,000; 2019 AED 88,000; 2020 AED 75,000; 2021 AED 75,000; 2022 AED 87,000; 2023 AED 94,600; 2024 AED 110,000; 2025 AED 120,000; 2026 AED 120,000New contract, April 2013: AED 100,000 a yearNew contract, January 2014: AED 112,302 a yearNew contract, January 2015: AED 112,000 a yearRenewal, January 2016: AED 115,000 a yearNew contract, January 2017: AED 115,000 a yearRenewal, January 2018: AED 107,000 a yearRenewal, January 2019: AED 100,000 a yearNew contract, April 2020: AED 80,000 a yearNew contract, April 2022: AED 75,000 a yearRenewal, April 2023: AED 75,000 a yearNew contract, December 2023: AED 120,000 a yearNew contract, December 2024: AED 110,000 a yearNew contract, December 2024: AED 110,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Cascades Tower, and where 1206 sits

All 32 2-beds →

1206 last sold in February 2010 at AED 586 per sqft, 4% above what two-beds in Cascades Tower were fetching at the time (AED 561). 1206's AED 110,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
8 Sep 20252,000,000
28 Jul 20251,820,000
22 Jul 20241,780,000
27 Mar 20241,545,000
0 2-bed sales in the last 12 months

Cascades Tower

Building

5 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%
Cascades Tower, Dubai Marina: prices, sales and rents →

1206, Cascades Tower in numbers

  • Sold once: by Mustafa bin Abdul Latif Group on 23 February 2010 for AED 715,000, or AED 586 per sqft.
  • Rented since April 2013 on 13 Ejari contracts. The rent fell from AED 100,000 to AED 75,000 in 2023 and recovered to AED 110,000 by December 2024.
  • At AED 110,000 a year the gross yield on the 2010 price is 15.4%, before a service charge of about AED 26,700 a year (AED 21.85 per sqft).

Source: Dubai Land Department. Updated 20 December 2024.

Questions about 1206, Cascades Tower

What did unit 1206 last sell for?

AED 715,000 on 23 February 2010, sold by the developer: AED 586 per sqft for 1,220 sqft. It is the only registered sale of the unit.

What is the rent for unit 1206?

AED 110,000 a year on the contract signed on 20 December 2024. The previous contract, from December 2024, was AED 110,000; the unit has been rented since April 2013.

How big is unit 1206?

1,220 sqft (113.3 sqm): a two-bedroom apartment of a 13-storey tower completed in 2006.

What is unit 1206 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 1206, Cascades Tower

Starts from the last sale price (AED 715K, 23 February 2010). Switch to today's estimate once you have unlocked it.
Price
AED 715,000
Deposit, UAE resident (20%)
AED 143,000
Deposit, non-resident (40%)
AED 286,000
Monthly over 25 years at 3.7%
AED 2,925

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →