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2-bed · 1,571 sqftCascades Tower, Dubai Marina · completed 2006

1501, Cascades Tower

Sold prices and rental history: sold once, by the developer in May 2009, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1501 · DLD and Ejari recordsUpdated 25 May 2025
Last soldAED 883K20 May 2009
Current rentAED 115K /yr25 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1501, Cascades Tower

What is 1501 worth today?

Last sold for AED 882,700 in 2009

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25 May 2025RentedRenewal
AED 115,000/yr12 months · AED 74 per sqft
25 May 2024RentedNew contract
AED 104,060/yr12 months · AED 66 per sqft
25 May 2024RentedNew contract
AED 104,060/yr12 months · AED 66 per sqft
25 May 2023RentedRenewal
AED 94,600/yr12 months · AED 60 per sqft
25 May 2022RentedRenewal
AED 86,000/yr12 months · AED 55 per sqft
25 May 2021RentedRenewal
AED 80,000/yr12 months · AED 51 per sqft
25 May 2020RentedRenewal
AED 87,000/yr12 months · AED 55 per sqft
25 May 2019RentedRenewal
AED 107,500/yr12 months · AED 68 per sqft

Source: Dubai Land Department. Updated 25 May 2025.

Key facts

Type
2-bed apartment
Size
1,571 sqft
Parking
B-65
Developer
Mustafa bin Abdul Latif Group
Completed
2006
Service charge
AED 34,300 /yr
Last sold
AED 883K · May 2009
Building
Cascades Tower

About 1501, Cascades Tower

1501 is a two-bedroom apartment of 1,571 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 20 May 2009 for AED 882,700, or AED 561 per sqft, in line with the AED 552 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 25 May 2025, is AED 115,000 a year: a gross yield of 13.0% on the 2009 price, before the service charge of about AED 34,300 a year.

Sales and rents for 1501 over time

Sales
Unit 1501, each saleTypical two-bed in Cascades Tower
700K800K900K200920102011Typical sale price by year: 2009 AED 715,000; 2010 AED 858,450Sold by developer, May 2009: AED 882,700 (AED 561 per sqft)

1501 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1501, 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 115,000 a yearNew contract, May 2018: AED 115,000 a yearRenewal, May 2019: AED 107,500 a yearRenewal, May 2020: AED 87,000 a yearRenewal, May 2021: AED 80,000 a yearRenewal, May 2022: AED 86,000 a yearRenewal, May 2023: AED 94,600 a yearNew contract, May 2024: AED 104,060 a yearNew contract, May 2024: AED 104,060 a yearRenewal, May 2025: AED 115,000 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 1501 sits

All 32 2-beds →

1501 last sold in May 2009 at AED 561 per sqft, in line with what two-beds in Cascades Tower were fetching at the time (AED 552). 1501's AED 115,000 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 →

1501, Cascades Tower in numbers

  • Sold once: by Mustafa bin Abdul Latif Group on 20 May 2009 for AED 882,700, or AED 561 per sqft.
  • Rented since April 2013 on 10 Ejari contracts. The rent fell from AED 115,000 to AED 80,000 in 2021 and recovered to AED 115,000 by May 2025.
  • At AED 115,000 a year the gross yield on the 2009 price is 13.0%, before a service charge of about AED 34,300 a year (AED 21.85 per sqft).

Source: Dubai Land Department. Updated 25 May 2025.

Questions about 1501, Cascades Tower

What did unit 1501 last sell for?

AED 882,700 on 20 May 2009, sold by the developer: AED 561 per sqft for 1,571 sqft. It is the only registered sale of the unit.

What is the rent for unit 1501?

AED 115,000 a year on the contract renewed on 25 May 2025. The previous contract, from May 2024, was AED 104,060; the unit has been rented since April 2013.

How big is unit 1501?

1,571 sqft (146.0 sqm): a two-bedroom apartment of a 13-storey tower completed in 2006.

What is unit 1501 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 1501, Cascades Tower

Starts from the last sale price (AED 883K, 20 May 2009). Switch to today's estimate once you have unlocked it.
Price
AED 882,700
Deposit, UAE resident (20%)
AED 176,540
Deposit, non-resident (40%)
AED 353,080
Monthly over 25 years at 3.7%
AED 3,611

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