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1-bed · 880 sqftCascades Tower, Dubai Marina · completed 2006

605, Cascades Tower

Sold prices and rental history: sold 3 times, last in November 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 605 · DLD and Ejari recordsUpdated 10 November 2023
Last soldAED 1.11M10 November 2023
Current rentAED 76K /yr15 December 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 605, Cascades Tower

What is 605 worth today?

Last sold for AED 1,110,000 in 2023

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10 Nov 2023SoldReady
AED 1,110,000AED 1,261 per sqft
12 Apr 2022SoldReady
AED 800,000AED 909 per sqft
15 Dec 2018RentedRenewal
AED 76,000/yr12 months · AED 86 per sqft
15 Dec 2017RentedNew contract
AED 80,000/yr12 months · AED 91 per sqft
1 Nov 2015RentedNew contract
AED 93,500/yr12 months · AED 106 per sqft
23 Jul 2015Sold by developerReady
AED 495,000AED 562 per sqft
1 Nov 2013RentedNew contract
AED 85,000/yr12 months · AED 96 per sqft

Source: Dubai Land Department. Updated 10 November 2023.

Key facts

Type
1-bed apartment
Size
880 sqft
Parking
G-4
Developer
Mustafa bin Abdul Latif Group
Completed
2006
Service charge
AED 19,200 /yr
Last sold
AED 1.11M · November 2023
Building
Cascades Tower

About 605, Cascades Tower

605 is a one-bedroom apartment of 880 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 November 2023 for AED 1,110,000, or AED 1,261 per sqft, 17% above the AED 1,079 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, renewed on 15 December 2018, is AED 76,000 a year: a gross yield of 6.9% on the 2023 price, before the service charge of about AED 19,200 a year.

Sales and rents for 605 over time

Sales
Unit 605, each saleTypical one-bed in Cascades Tower
500K1M2009201320172021Typical sale price by year: 2009 AED 525,000; 2010 AED 495,000; 2022 AED 800,000; 2023 AED 955,000Sold by developer, July 2015: AED 495,000 (AED 562 per sqft)Sold, April 2022: AED 800,000 (AED 909 per sqft)Sold, November 2023: AED 1,110,000 (AED 1,261 per sqft)

605 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 605, each contractTypical one-bed in Cascades Tower
60K80K100K2012201620202024Typical rent by year: 2012 AED 65,000; 2013 AED 77,500; 2014 AED 90,000; 2015 AED 90,000; 2016 AED 90,000; 2017 AED 75,000; 2018 AED 70,000; 2019 AED 63,500; 2020 AED 60,000; 2021 AED 50,000; 2022 AED 62,000; 2023 AED 71,000; 2024 AED 75,000; 2025 AED 82,500; 2026 AED 80,000New contract, November 2013: AED 85,000 a yearNew contract, November 2015: AED 93,500 a yearNew contract, December 2017: AED 80,000 a yearRenewal, December 2018: AED 76,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Cascades Tower, and where 605 sits

All 25 1-beds →

605 last sold in November 2023 at AED 1,261 per sqft, 17% above what one-beds in Cascades Tower were fetching at the time (AED 1,079). Over the last 12 months one-beds sold for AED 1,100,000, around AED 1,250 per sqft, and rent for AED 70,000 to 90,000 a year. 605's AED 76,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
5 Feb 20261,100,000
3 Jul 20251,100,000
28 Apr 20251,200,000
10 Oct 20241,300,000
1 1-bed sale 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 →

605, Cascades Tower in numbers

  • Sold 3 times: first on 23 July 2015 for AED 495,000, last on 10 November 2023 for AED 1,110,000 (AED 1,261 per sqft).
  • Rented since November 2013 on 4 Ejari contracts, from AED 85,000 to AED 76,000 a year.
  • At AED 76,000 a year the gross yield on the 2023 price is 6.9%, before a service charge of about AED 19,200 a year (AED 21.85 per sqft).
  • One-beds in Cascades Tower sold for AED 1,100,000–1,100,000 in the 12 months to November 2026; the building's median across all types is AED 1,250 per sqft.

Source: Dubai Land Department. Updated 10 November 2023.

Questions about 605, Cascades Tower

What did unit 605 last sell for?

AED 1,110,000 on 10 November 2023: AED 1,261 per sqft for 880 sqft. The unit has 3 registered sales; the first was AED 495,000 in July 2015.

What is the rent for unit 605?

AED 76,000 a year on the contract renewed on 15 December 2018. The previous contract, from December 2017, was AED 80,000; the unit has been rented since November 2013.

How big is unit 605?

880 sqft (81.8 sqm): a one-bedroom apartment of a 13-storey tower completed in 2006.

What is unit 605 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Cascades Tower sold for AED 1,100,000 to 1,100,000 in the last 12 months, around AED 1,250 per sqft.

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Mortgage on 605, Cascades Tower

Starts from the last sale price (AED 1.11M, 10 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,110,000
Deposit, UAE resident (20%)
AED 222,000
Deposit, non-resident (40%)
AED 444,000
Monthly over 25 years at 3.7%
AED 4,541

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