2-bed · 1,220 sqftCascades Tower, Dubai Marina · completed 2006

707, Cascades Tower

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

Unit 707 · DLD and Ejari recordsUpdated 15 November 2024
Last soldAED 1.2M14 February 2013
Current rentAED 97K /yr15 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 707, Cascades Tower

What is 707 worth today?

Last sold for AED 1,200,000 in 2013

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15 Nov 2024RentedRenewal
AED 96,600/yr12 months · AED 79 per sqft
20 Nov 2019RentedNew contract
AED 70,000/yr12 months · AED 58 per sqft
6 May 2018RentedRenewal
AED 115,000/yr12 months · AED 95 per sqft
6 May 2017RentedRenewal
AED 120,000/yr12 months · AED 99 per sqft
6 May 2016RentedRenewal
AED 125,000/yr12 months · AED 103 per sqft
7 May 2015RentedRenewal
AED 125,348/yr12 months · AED 103 per sqft
7 May 2014RentedNew contract
AED 125,000/yr12 months · AED 103 per sqft
25 Apr 2013RentedNew contract
AED 100,000/yr12 months · AED 82 per sqft

Source: Dubai Land Department. Updated 15 November 2024.

Key facts

Type
2-bed apartment
Size
1,220 sqft
Parking
B-73
Developer
Mustafa bin Abdul Latif Group
Completed
2006
Service charge
AED 26,700 /yr
Last sold
AED 1.2M · February 2013

About 707, Cascades Tower

707 is a two-bedroom apartment of 1,220 sqft of Cascades Tower, a 13-storey tower in Dubai Marina completed in 2006 by Mustafa bin Abdul Latif Group. It last sold on 14 February 2013 for AED 1,200,000, or AED 983 per sqft.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 15 November 2024, is AED 96,600 a year: a gross yield of 8.1% on the 2013 price, before the service charge of about AED 26,700 a year.

Sales and rents for 707 over time

Sales
Unit 707, each saleTypical two-bed in Cascades Tower
750K1M1.25M200920112013Typical sale price by year: 2009 AED 715,000; 2010 AED 858,450Sold by developer, October 2010: AED 654,750 (AED 536 per sqft)Sold, February 2013: AED 1,200,000 (AED 983 per sqft)

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

Rents
Unit 707, 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, April 2013: AED 100,000 a yearNew contract, May 2014: AED 125,000 a yearRenewal, May 2015: AED 125,348 a yearRenewal, May 2016: AED 125,000 a yearRenewal, May 2017: AED 120,000 a yearRenewal, May 2018: AED 115,000 a yearNew contract, November 2019: AED 70,000 a yearRenewal, November 2024: AED 96,600 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 707 sits

All 32 2-beds →

707's AED 96,600 is in the lower half 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 →

707, Cascades Tower in numbers

  • Sold twice: first on 21 October 2010 for AED 654,750, last on 14 February 2013 for AED 1,200,000 (AED 983 per sqft).
  • Rented since April 2013 on 8 Ejari contracts. The rent fell from AED 100,000 to AED 70,000 in 2019 and recovered to AED 96,600 by November 2024.
  • At AED 96,600 a year the gross yield on the 2013 price is 8.1%, before a service charge of about AED 26,700 a year (AED 21.85 per sqft).

Source: Dubai Land Department. Updated 15 November 2024.

Questions about 707, Cascades Tower

What did unit 707 last sell for?

AED 1,200,000 on 14 February 2013: AED 983 per sqft for 1,220 sqft. The unit has 2 registered sales; the first was AED 654,750 in October 2010.

What is the rent for unit 707?

AED 96,600 a year on the contract renewed on 15 November 2024. The previous contract, from November 2019, was AED 70,000; the unit has been rented since April 2013.

How big is unit 707?

1,220 sqft (113.3 sqm): a two-bedroom apartment of a 13-storey tower completed in 2006.

What is unit 707 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 707, Cascades Tower

Starts from the last sale price (AED 1.2M, 14 February 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

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