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

906, Cascades Tower

Sold prices and rental history: sold once, by the developer in May 2009, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 906 · DLD and Ejari recordsUpdated 15 October 2023
Last soldAED 695K20 May 2009
Current rentAED 84K /yr15 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 906, Cascades Tower

What is 906 worth today?

Last sold for AED 695,000 in 2009

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15 Oct 2023RentedRenewal
AED 84,000/yr12 months · AED 69 per sqft
15 Oct 2023RentedRenewal
AED 84,000/yr12 months · AED 69 per sqft
15 Oct 2022RentedRenewal
AED 75,000/yr12 months · AED 62 per sqft
15 Oct 2022RentedRenewal
AED 75,000/yr12 months · AED 62 per sqft
15 Oct 2021RentedRenewal
AED 65,000/yr12 months · AED 53 per sqft
15 Oct 2021RentedRenewal
AED 65,000/yr12 months · AED 53 per sqft
15 Oct 2020RentedRenewal
AED 65,000/yr12 months · AED 53 per sqft
15 Oct 2020RentedRenewal
AED 65,000/yr12 months · AED 53 per sqft

Source: Dubai Land Department. Updated 15 October 2023.

Key facts

Type
2-bed apartment
Size
1,220 sqft
Parking
B-103
Developer
Mustafa bin Abdul Latif Group
Completed
2006
Service charge
AED 26,700 /yr
Last sold
AED 695K · May 2009
Building
Cascades Tower

About 906, Cascades Tower

906 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. The developer sold it on 20 May 2009 for AED 695,000, or AED 569 per sqft, 3% above the AED 552 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 12 Ejari contracts. The current contract, renewed on 15 October 2023, is AED 84,000 a year: a gross yield of 12.1% on the 2009 price, before the service charge of about AED 26,700 a year.

Sales and rents for 906 over time

Sales
Unit 906, each saleTypical two-bed in Cascades Tower
700K800K200920102011Typical sale price by year: 2009 AED 715,000; 2010 AED 858,450Sold by developer, May 2009: AED 695,000 (AED 569 per sqft)

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

Rents
Unit 906, 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, August 2012: AED 75,000 a yearNew contract, October 2014: AED 115,000 a yearNew contract, September 2016: AED 110,000 a yearNew contract, October 2019: AED 80,000 a yearRenewal, October 2020: AED 65,000 a yearRenewal, October 2020: AED 65,000 a yearRenewal, October 2021: AED 65,000 a yearRenewal, October 2021: AED 65,000 a yearRenewal, October 2022: AED 75,000 a yearRenewal, October 2022: AED 75,000 a yearRenewal, October 2023: AED 84,000 a yearRenewal, October 2023: AED 84,000 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 906 sits

All 32 2-beds →

906 last sold in May 2009 at AED 569 per sqft, 3% above what two-beds in Cascades Tower were fetching at the time (AED 552). 906's AED 84,000 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 →

906, Cascades Tower in numbers

  • Sold once: by Mustafa bin Abdul Latif Group on 20 May 2009 for AED 695,000, or AED 569 per sqft.
  • Rented since August 2012 on 12 Ejari contracts. The rent fell from AED 75,000 to AED 65,000 in 2021 and recovered to AED 84,000 by October 2023.
  • At AED 84,000 a year the gross yield on the 2009 price is 12.1%, before a service charge of about AED 26,700 a year (AED 21.85 per sqft).

Source: Dubai Land Department. Updated 15 October 2023.

Questions about 906, Cascades Tower

What did unit 906 last sell for?

AED 695,000 on 20 May 2009, sold by the developer: AED 569 per sqft for 1,220 sqft. It is the only registered sale of the unit.

What is the rent for unit 906?

AED 84,000 a year on the contract renewed on 15 October 2023. The previous contract, from October 2023, was AED 84,000; the unit has been rented since August 2012.

How big is unit 906?

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

What is unit 906 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 906, Cascades Tower

Starts from the last sale price (AED 695K, 20 May 2009). Switch to today's estimate once you have unlocked it.
Price
AED 695,000
Deposit, UAE resident (20%)
AED 139,000
Deposit, non-resident (40%)
AED 278,000
Monthly over 25 years at 3.7%
AED 2,843

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