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

1406, Cascades Tower

Sold prices and rental history: sold twice, last in June 2017, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1406 · DLD and Ejari recordsUpdated 18 June 2017
Last soldAED 665K18 June 2017
Current rentAED 105K /yr15 February 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1406, Cascades Tower

What is 1406 worth today?

Last sold for AED 665,000 in 2017

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

18 Jun 2017SoldReady
AED 665,000AED 545 per sqft
15 Feb 2017RentedNew contract
AED 105,000/yr12 months · AED 86 per sqft
8 Sep 2015RentedRenewal
AED 120,750/yr12 months · AED 99 per sqft
8 Sep 2014RentedRenewal
AED 105,000/yr12 months · AED 86 per sqft
8 Sep 2013RentedNew contract
AED 105,000/yr12 months · AED 86 per sqft
23 Feb 2010Sold by developerReady
AED 715,000AED 586 per sqft

Source: Dubai Land Department. Updated 18 June 2017.

Key facts

Type
2-bed apartment
Size
1,220 sqft
Parking
B-48
Developer
Mustafa bin Abdul Latif Group
Completed
2006
Service charge
AED 26,700 /yr
Last sold
AED 665K · June 2017

About 1406, Cascades Tower

1406 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. It last sold on 18 June 2017 for AED 665,000, or AED 545 per sqft.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, signed on 15 February 2017, is AED 105,000 a year: a gross yield of 15.8% on the 2017 price, before the service charge of about AED 26,700 a year.

Sales and rents for 1406 over time

Sales
Unit 1406, each saleTypical two-bed in Cascades Tower
700K800K200920122015Typical sale price by year: 2009 AED 715,000; 2010 AED 858,450Sold by developer, February 2010: AED 715,000 (AED 586 per sqft)Sold, June 2017: AED 665,000 (AED 545 per sqft)

1406 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1406, 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, September 2013: AED 105,000 a yearRenewal, September 2014: AED 105,000 a yearRenewal, September 2015: AED 120,750 a yearNew contract, February 2017: 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 1406 sits

All 32 2-beds →

1406'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 →

1406, Cascades Tower in numbers

  • Sold twice: first on 23 February 2010 for AED 715,000, last on 18 June 2017 for AED 665,000 (AED 545 per sqft).
  • Rented since September 2013 on 4 Ejari contracts, at AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2017 price is 15.8%, before a service charge of about AED 26,700 a year (AED 21.85 per sqft).

Source: Dubai Land Department. Updated 18 June 2017.

Questions about 1406, Cascades Tower

What did unit 1406 last sell for?

AED 665,000 on 18 June 2017: AED 545 per sqft for 1,220 sqft. The unit has 2 registered sales; the first was AED 715,000 in February 2010.

What is the rent for unit 1406?

AED 105,000 a year on the contract signed on 15 February 2017. The previous contract, from September 2015, was AED 120,750; the unit has been rented since September 2013.

How big is unit 1406?

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

What is unit 1406 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

Selling 1406? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1406, Cascades Tower

Starts from the last sale price (AED 665K, 18 June 2017). Switch to today's estimate once you have unlocked it.
Price
AED 665,000
Deposit, UAE resident (20%)
AED 133,000
Deposit, non-resident (40%)
AED 266,000
Monthly over 25 years at 3.7%
AED 2,721

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