2-bed · 1,569 sqftCascades Tower, Dubai Marina · completed 2006

1403, Cascades Tower

Sold prices and rental history: sold once, by the developer in February 2010, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1403 · DLD and Ejari recordsUpdated 20 February 2023
Last soldAED 878K22 February 2010
Current rentAED 105K /yr20 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1403, Cascades Tower

What is 1403 worth today?

Last sold for AED 877,850 in 2010

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20 Feb 2023RentedNew contract
AED 105,000/yr12 months · AED 67 per sqft
5 Feb 2021RentedRenewal
AED 70,000/yr12 months · AED 45 per sqft
5 Feb 2020RentedNew contract
AED 85,000/yr12 months · AED 54 per sqft
27 Jul 2018RentedNew contract
AED 105,000/yr12 months · AED 67 per sqft
5 Nov 2015RentedRenewal
AED 129,202/yr12 months · AED 83 per sqft
5 Nov 2014RentedRenewal
AED 120,750/yr12 months · AED 77 per sqft
5 Nov 2013RentedRenewal
AED 103,000/yr12 months · AED 66 per sqft
5 Nov 2012RentedNew contract
AED 103,000/yr12 months · AED 66 per sqft

Source: Dubai Land Department. Updated 20 February 2023.

Key facts

Type
2-bed apartment
Size
1,569 sqft
Parking
B-49
Developer
Mustafa bin Abdul Latif Group
Completed
2006
Service charge
AED 34,300 /yr
Last sold
AED 878K · February 2010

About 1403, Cascades Tower

1403 is a two-bedroom apartment of 1,569 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 877,850, or AED 559 per sqft, in line with the AED 561 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 8 Ejari contracts. The current contract, signed on 20 February 2023, is AED 105,000 a year: a gross yield of 12.0% on the 2010 price, before the service charge of about AED 34,300 a year.

Sales and rents for 1403 over time

Sales
Unit 1403, each saleTypical two-bed in Cascades Tower
700K800K900K200920102011Typical sale price by year: 2009 AED 715,000; 2010 AED 858,450Sold by developer, February 2010: AED 877,850 (AED 559 per sqft)

1403 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1403, each contractTypical two-bed in Cascades Tower
100K2012201620202024Typical 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, November 2012: AED 103,000 a yearRenewal, November 2013: AED 103,000 a yearRenewal, November 2014: AED 120,750 a yearRenewal, November 2015: AED 129,202 a yearNew contract, July 2018: AED 105,000 a yearNew contract, February 2020: AED 85,000 a yearRenewal, February 2021: AED 70,000 a yearNew contract, February 2023: AED 105,000 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 1403 sits

All 32 2-beds →

1403 last sold in February 2010 at AED 559 per sqft, in line with what two-beds in Cascades Tower were fetching at the time (AED 561). 1403's AED 105,000 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 →

1403, Cascades Tower in numbers

  • Sold once: by Mustafa bin Abdul Latif Group on 22 February 2010 for AED 877,850, or AED 559 per sqft.
  • Rented since November 2012 on 8 Ejari contracts. The rent fell from AED 103,000 to AED 70,000 in 2021 and recovered to AED 105,000 by February 2023.
  • At AED 105,000 a year the gross yield on the 2010 price is 12.0%, before a service charge of about AED 34,300 a year (AED 21.85 per sqft).

Source: Dubai Land Department. Updated 20 February 2023.

Questions about 1403, Cascades Tower

What did unit 1403 last sell for?

AED 877,850 on 22 February 2010, sold by the developer: AED 559 per sqft for 1,569 sqft. It is the only registered sale of the unit.

What is the rent for unit 1403?

AED 105,000 a year on the contract signed on 20 February 2023. The previous contract, from February 2021, was AED 70,000; the unit has been rented since November 2012.

How big is unit 1403?

1,569 sqft (145.8 sqm): a two-bedroom apartment of a 13-storey tower completed in 2006.

What is unit 1403 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 1403, Cascades Tower

Starts from the last sale price (AED 878K, 22 February 2010). Switch to today's estimate once you have unlocked it.
Price
AED 877,850
Deposit, UAE resident (20%)
AED 175,570
Deposit, non-resident (40%)
AED 351,140
Monthly over 25 years at 3.7%
AED 3,592

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