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

705, Cascades Tower

Sold prices and rental history: sold 3 times, last in March 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 705 · DLD and Ejari recordsUpdated 13 March 2024
Last soldAED 1.18M13 March 2024
Current rentAED 60K /yr25 July 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 705, Cascades Tower

What is 705 worth today?

Last sold for AED 1,175,000 in 2024

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13 Mar 2024SoldReady
AED 1,175,000AED 1,335 per sqft
5 Jan 2022SoldReady
AED 800,000AED 909 per sqft
25 Jul 2020RentedRenewal
AED 60,000/yr12 months · AED 69 per sqft
25 Jul 2019RentedNew contract
AED 60,000/yr12 months · AED 68 per sqft
16 Apr 2018RentedNew contract
AED 169,426/yr7 months · AED 192 per sqft
25 Jun 2014RentedNew contract
AED 93,000/yr12 months · AED 105 per sqft
20 May 2013RentedNew contract
AED 70,000/yr12 months · AED 79 per sqft
23 Feb 2010Sold by developerReady
AED 495,000AED 562 per sqft

Source: Dubai Land Department. Updated 13 March 2024.

Key facts

Type
1-bed apartment
Size
880 sqft
Parking
B-87
Developer
Mustafa bin Abdul Latif Group
Completed
2006
Service charge
AED 19,200 /yr
Last sold
AED 1.18M · March 2024
Building
Cascades Tower

About 705, Cascades Tower

705 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 13 March 2024 for AED 1,175,000, or AED 1,335 per sqft, 11% above the AED 1,199 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, renewed on 25 July 2020, is AED 60,000 a year: a gross yield of 5.1% on the 2024 price, before the service charge of about AED 19,200 a year.

Sales and rents for 705 over time

Sales
Unit 705, 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, February 2010: AED 495,000 (AED 562 per sqft)Sold, January 2022: AED 800,000 (AED 909 per sqft)Sold, March 2024: AED 1,175,000 (AED 1,335 per sqft)

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

Rents
Unit 705, each contractTypical one-bed in Cascades Tower
100K2012201620202024Typical 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, May 2013: AED 70,000 a yearNew contract, June 2014: AED 93,000 a yearNew contract, April 2018: AED 169,426 a yearNew contract, July 2019: AED 60,000 a yearRenewal, July 2020: AED 60,000 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 705 sits

All 25 1-beds →

705 last sold in March 2024 at AED 1,335 per sqft, 11% above what one-beds in Cascades Tower were fetching at the time (AED 1,199). 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. 705's AED 60,000 is at the bottom 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 →

705, Cascades Tower in numbers

  • Sold 3 times: first on 23 February 2010 for AED 495,000, last on 13 March 2024 for AED 1,175,000 (AED 1,335 per sqft).
  • Rented since May 2013 on 5 Ejari contracts, from AED 70,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2024 price is 5.1%, 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 13 March 2024.

Questions about 705, Cascades Tower

What did unit 705 last sell for?

AED 1,175,000 on 13 March 2024: AED 1,335 per sqft for 880 sqft. The unit has 3 registered sales; the first was AED 495,000 in February 2010.

What is the rent for unit 705?

AED 60,000 a year on the contract renewed on 25 July 2020. The previous contract, from July 2019, was AED 60,000; the unit has been rented since May 2013.

How big is unit 705?

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

What is unit 705 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 705, Cascades Tower

Starts from the last sale price (AED 1.18M, 13 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,175,000
Deposit, UAE resident (20%)
AED 235,000
Deposit, non-resident (40%)
AED 470,000
Monthly over 25 years at 3.7%
AED 4,807

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