503, 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.
Property timeline for 503, Cascades Tower
What is 503 worth today?
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Source: Dubai Land Department. Updated 1 August 2024.
Key facts
- Type
- Studio apartment
- Size
- 382 sqft
- Parking
- B-100
- Developer
- Mustafa bin Abdul Latif Group
- Completed
- 2006
- Service charge
- AED 8,300 /yr
- Last sold
- AED 245K · February 2010
- Building
- Cascades Tower
About 503, Cascades Tower
503 is a studio of 382 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 245,000, or AED 641 per sqft.
It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 1 August 2024, is AED 70,000 a year: a gross yield of 28.6% on the 2010 price, before the service charge of about AED 8,300 a year.
Sales and rents for 503 over time
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Cascades Tower, and where 503 sits
All 6 studios →| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Jul 201523 July 2015 | 382 sqft | 245,000 | 641 | ||
| 4 Sep 20124 September 2012 | 382 sqft | 245,000 | 641 | ||
| 7 Mar 20117 March 2011 | 382 sqft | 362,000 | 947 | ||
| 23 Feb 201023 February 2010 | 382 sqft | 245,000 | 641 |
Cascades Tower
Building5 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%
503, Cascades Tower in numbers
- Sold once: by Mustafa bin Abdul Latif Group on 22 February 2010 for AED 245,000, or AED 641 per sqft.
- Rented since September 2013 on 7 Ejari contracts. The rent fell from AED 61,000 to AED 38,250 in 2020 and recovered to AED 70,000 by August 2024.
- At AED 70,000 a year the gross yield on the 2010 price is 28.6%, before a service charge of about AED 8,300 a year (AED 21.85 per sqft).
Source: Dubai Land Department. Updated 1 August 2024.
Questions about 503, Cascades Tower
What did unit 503 last sell for?
AED 245,000 on 22 February 2010, sold by the developer: AED 641 per sqft for 382 sqft. It is the only registered sale of the unit.
What is the rent for unit 503?
AED 70,000 a year on the contract renewed on 1 August 2024. The previous contract, from August 2023, was AED 70,000; the unit has been rented since September 2013.
How big is unit 503?
382 sqft (35.5 sqm): a studio of a 13-storey tower completed in 2006.
What is unit 503 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 503, Cascades Tower
Starts from the last sale price (AED 245K, 22 February 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 245,000
- Deposit, UAE resident (20%)
- AED 49,000
- Deposit, non-resident (40%)
- AED 98,000
- Monthly over 25 years at 3.7%
- AED 1,002
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →