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2-bed · 1,811 sqftCascades Tower, Dubai Marina · completed 2006

702, Cascades Tower

Sold prices and rental history: sold once, by the developer in February 2010, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 702 · DLD and Ejari recordsUpdated 1 March 2023
Last soldAED 1.12M22 February 2010
Current rentAED 86K /yr1 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 702, Cascades Tower

What is 702 worth today?

Last sold for AED 1,120,000 in 2010

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1 Mar 2023RentedNew contract
AED 86,000/yr12 months · AED 48 per sqft
1 Mar 2021RentedNew contract
AED 70,000/yr12 months · AED 39 per sqft
15 Sep 2019RentedNew contract
AED 85,000/yr12 months · AED 47 per sqft
2 Jul 2018RentedNew contract
AED 110,000/yr12 months · AED 61 per sqft
1 Dec 2017RentedNew contract
AED 115,000/yr12 months · AED 64 per sqft
28 Jun 2016RentedNew contract
AED 135,000/yr12 months · AED 75 per sqft
22 Feb 2010Sold by developerReady
AED 1,120,000AED 618 per sqft

Source: Dubai Land Department. Updated 1 March 2023.

Key facts

Type
2-bed apartment
Size
1,811 sqft
Parking
B-62
Developer
Mustafa bin Abdul Latif Group
Completed
2006
Service charge
AED 39,600 /yr
Last sold
AED 1.12M · February 2010
Building
Cascades Tower

About 702, Cascades Tower

702 is a two-bedroom apartment of 1,811 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 1,120,000, or AED 618 per sqft, 10% above the AED 561 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, signed on 1 March 2023, is AED 86,000 a year: a gross yield of 7.7% on the 2010 price, before the service charge of about AED 39,600 a year.

Sales and rents for 702 over time

Sales
Unit 702, each saleTypical two-bed in Cascades Tower
800K1M200920102011Typical sale price by year: 2009 AED 715,000; 2010 AED 858,450Sold by developer, February 2010: AED 1,120,000 (AED 618 per sqft)

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

Rents
Unit 702, each contractTypical two-bed in Cascades Tower
100K2012201620202024Typical 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, June 2016: AED 135,000 a yearNew contract, December 2017: AED 115,000 a yearNew contract, July 2018: AED 110,000 a yearNew contract, September 2019: AED 85,000 a yearNew contract, March 2021: AED 70,000 a yearNew contract, March 2023: AED 86,000 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 702 sits

All 32 2-beds →

702 last sold in February 2010 at AED 618 per sqft, 10% above what two-beds in Cascades Tower were fetching at the time (AED 561). 702's AED 86,000 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 →

702, Cascades Tower in numbers

  • Sold once: by Mustafa bin Abdul Latif Group on 22 February 2010 for AED 1,120,000, or AED 618 per sqft.
  • Rented since June 2016 on 6 Ejari contracts. The rent fell from AED 135,000 to AED 70,000 in 2021 and recovered to AED 86,000 by March 2023.
  • At AED 86,000 a year the gross yield on the 2010 price is 7.7%, before a service charge of about AED 39,600 a year (AED 21.85 per sqft).

Source: Dubai Land Department. Updated 1 March 2023.

Questions about 702, Cascades Tower

What did unit 702 last sell for?

AED 1,120,000 on 22 February 2010, sold by the developer: AED 618 per sqft for 1,811 sqft. It is the only registered sale of the unit.

What is the rent for unit 702?

AED 86,000 a year on the contract signed on 1 March 2023. The previous contract, from March 2021, was AED 70,000; the unit has been rented since June 2016.

How big is unit 702?

1,811 sqft (168.2 sqm): a two-bedroom apartment of a 13-storey tower completed in 2006.

What is unit 702 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 702, Cascades Tower

Starts from the last sale price (AED 1.12M, 22 February 2010). Switch to today's estimate once you have unlocked it.
Price
AED 1,120,000
Deposit, UAE resident (20%)
AED 224,000
Deposit, non-resident (40%)
AED 448,000
Monthly over 25 years at 3.7%
AED 4,582

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