2-bed · 1,330 sqftCascades Tower, Dubai Marina · completed 2006

1604, Cascades Tower

Sold prices and rental history: sold twice, last in June 2021, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1604 · DLD and Ejari recordsUpdated 10 June 2021
Last soldAED 1.01M10 June 2021
Current rentAED 75K /yr8 February 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1604, Cascades Tower

What is 1604 worth today?

Last sold for AED 1,005,000 in 2021

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10 Jun 2021SoldReady
AED 1,005,000AED 755 per sqft
8 Feb 2020RentedNew contract
AED 75,000/yr12 months · AED 56 per sqft
3 Jan 2019RentedRenewal
AED 112,500/yr12 months · AED 84 per sqft
3 Jan 2018RentedRenewal
AED 125,000/yr12 months · AED 94 per sqft
3 Jan 2017RentedNew contract
AED 125,000/yr12 months · AED 94 per sqft
25 Oct 2012RentedNew contract
AED 90,000/yr12 months · AED 67 per sqft
23 Feb 2010Sold by developerReady
AED 825,000AED 620 per sqft

Source: Dubai Land Department. Updated 10 June 2021.

Key facts

Type
2-bed apartment
Size
1,330 sqft
Parking
B-69
Developer
Mustafa bin Abdul Latif Group
Completed
2006
Service charge
AED 29,100 /yr
Last sold
AED 1.01M · June 2021

About 1604, Cascades Tower

1604 is a two-bedroom apartment of 1,330 sqft of Cascades Tower, a 13-storey tower in Dubai Marina completed in 2006 by Mustafa bin Abdul Latif Group. It last sold on 10 June 2021 for AED 1,005,000, or AED 755 per sqft.

It has been rented continuously since 2012 on 5 Ejari contracts. The current contract, signed on 8 February 2020, is AED 75,000 a year: a gross yield of 7.5% on the 2021 price, before the service charge of about AED 29,100 a year.

Sales and rents for 1604 over time

Sales
Unit 1604, each saleTypical two-bed in Cascades Tower
800K1M2009201320172021Typical sale price by year: 2009 AED 715,000; 2010 AED 858,450Sold by developer, February 2010: AED 825,000 (AED 620 per sqft)Sold, June 2021: AED 1,005,000 (AED 755 per sqft)

1604 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1604, 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, October 2012: AED 90,000 a yearNew contract, January 2017: AED 125,000 a yearRenewal, January 2018: AED 125,000 a yearRenewal, January 2019: AED 112,500 a yearNew contract, February 2020: AED 75,000 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 1604 sits

All 32 2-beds →

1604's AED 75,000 is at the bottom 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 →

1604, Cascades Tower in numbers

  • Sold twice: first on 23 February 2010 for AED 825,000, last on 10 June 2021 for AED 1,005,000 (AED 755 per sqft).
  • Rented since October 2012 on 5 Ejari contracts, from AED 90,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2021 price is 7.5%, before a service charge of about AED 29,100 a year (AED 21.85 per sqft).

Source: Dubai Land Department. Updated 10 June 2021.

Questions about 1604, Cascades Tower

What did unit 1604 last sell for?

AED 1,005,000 on 10 June 2021: AED 755 per sqft for 1,330 sqft. The unit has 2 registered sales; the first was AED 825,000 in February 2010.

What is the rent for unit 1604?

AED 75,000 a year on the contract signed on 8 February 2020. The previous contract, from January 2019, was AED 112,500; the unit has been rented since October 2012.

How big is unit 1604?

1,330 sqft (123.6 sqm): a two-bedroom apartment of a 13-storey tower completed in 2006.

What is unit 1604 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 1604, Cascades Tower

Starts from the last sale price (AED 1.01M, 10 June 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,005,000
Deposit, UAE resident (20%)
AED 201,000
Deposit, non-resident (40%)
AED 402,000
Monthly over 25 years at 3.7%
AED 4,112

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