1-bed · 714 sqftCayan Tower, Dubai Marina · 15th floor · completed 2013

1506, Cayan Tower

Sold prices and rental history: sold 4 times, last in June 2017, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1506 · DLD and Ejari recordsUpdated 25 September 2017
Last soldAED 1.52M21 June 2017
Current rentAED 110K /yr25 September 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1506, Cayan Tower

What is 1506 worth today?

Last sold for AED 1,519,000 in 2017

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25 Sep 2017RentedNew contract
AED 110,000/yr12 months · AED 155 per sqft
21 Jun 2017SoldReady
AED 1,519,000AED 2,128 per sqft
25 Sep 2016RentedRenewal
AED 110,000/yr12 months · AED 155 per sqft
25 Sep 2015RentedRenewal
AED 110,000/yr12 months · AED 155 per sqft
25 Sep 2014RentedNew contract
AED 110,000/yr12 months · AED 155 per sqft
8 May 2014SoldReady
AED 1,762,000AED 2,469 per sqft
3 Oct 2013SoldReady
AED 940,200AED 1,317 per sqft
14 Apr 2009Sold by developerOff-plan
AED 940,200AED 1,317 per sqft

Source: Dubai Land Department. Updated 25 September 2017.

Key facts

Type
1-bed apartment
Size
714 sqft
Floor
15th of 73
Parking
B5-031
Developer
Cayan Real Estate Investment & Development
Completed
2013
Service charge
AED 15,300 /yr
Last sold
AED 1.52M · June 2017
Building
Cayan Tower

About 1506, Cayan Tower

1506 is a one-bedroom apartment of 714 sqft on the 15th floor of Cayan Tower, a 73-storey tower in Dubai Marina completed in 2013 by Cayan Real Estate Investment & Development. It last sold on 21 June 2017 for AED 1,519,000, or AED 2,128 per sqft, in line with the AED 2,107 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, signed on 25 September 2017, is AED 110,000 a year: a gross yield of 7.2% on the 2017 price, before the service charge of about AED 15,300 a year.

Sales and rents for 1506 over time

Sales
Unit 1506, each saleTypical one-bed in Cayan Tower
1M1.5M2M2009201420192024Typical sale price by year: 2009 AED 1,020,600; 2010 AED 1,067,731; 2011 AED 953,403; 2012 AED 1,047,985; 2013 AED 1,080,734; 2014 AED 1,750,000; 2015 AED 1,925,000; 2016 AED 1,750,000; 2017 AED 1,800,000; 2018 AED 1,500,000; 2019 AED 1,240,000; 2020 AED 950,000; 2021 AED 1,200,000; 2022 AED 1,450,000; 2023 AED 1,867,500; 2024 AED 1,862,500; 2025 AED 2,000,000; 2026 AED 2,000,000Sold by developer, April 2009: AED 940,200 (AED 1,317 per sqft)Sold, October 2013: AED 940,200 (AED 1,317 per sqft)Sold, May 2014: AED 1,762,000 (AED 2,469 per sqft)Sold, June 2017: AED 1,519,000 (AED 2,128 per sqft)

1506 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1506, each contractTypical one-bed in Cayan Tower
75K100K125K2013201720212025Typical rent by year: 2013 AED 120,000; 2014 AED 120,000; 2015 AED 125,000; 2016 AED 125,000; 2017 AED 113,846; 2018 AED 101,500; 2019 AED 90,050; 2020 AED 75,000; 2021 AED 75,000; 2022 AED 90,000; 2023 AED 116,600; 2024 AED 120,000; 2025 AED 120,000; 2026 AED 119,000New contract, September 2014: AED 110,000 a yearRenewal, September 2015: AED 110,000 a yearRenewal, September 2016: AED 110,000 a yearNew contract, September 2017: AED 110,000 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 Cayan Tower, and where 1506 sits

All 171 1-beds →

1506 last sold in June 2017 at AED 2,128 per sqft, in line with what one-beds in Cayan Tower were fetching at the time (AED 2,107). Over the last 12 months one-beds sold for AED 1,720,000 to 3,400,000, around AED 2,348 per sqft, and rent for AED 60,000 to 160,000 a year. 1506's AED 110,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
9 Sep 20261,720,000
9 Jul 20262,000,000
30 Mar 20262,000,000
3 Mar 20262,000,000
12 1-bed sales in the last 12 months

Cayan Tower

Building

495 apartments, studios to 3-bed over 73 floors in Dubai Marina, completed in 2013 by Cayan Real Estate Investment & Development. 36 sold in the last 12 months.

Typical price per sqft
AED 2,123 Up 5.0%
Typical sale
AED 2.56M
Typical rent
AED 139K /yr
Typical yield
5.8%
Cayan Tower, Dubai Marina: prices, sales and rents →

Other units on the 15th floor

All 495 units in Cayan Tower
Value
15012-bedAED 2.04M · Jun 2022
15022-bedAED 1.59M · Oct 2013
15032-bedAED 706K · May 2025
15041-bedAED 1.29M · Aug 2014
15052-bedAED 3.06M · Jul 2024
15071-bedAED 1.65M · May 2023
15082-bedAED 1.67M · Oct 2013
1–7 of 8

1506, Cayan Tower in numbers

  • Sold 4 times: first on 14 April 2009 for AED 940,200, last on 21 June 2017 for AED 1,519,000 (AED 2,128 per sqft).
  • Rented since September 2014 on 4 Ejari contracts, at AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2017 price is 7.2%, before a service charge of about AED 15,300 a year (AED 21.43 per sqft).
  • One-beds in Cayan Tower sold for AED 1,720,000–3,400,000 in the 12 months to November 2026; the building's median across all types is AED 2,123 per sqft.

Source: Dubai Land Department. Updated 25 September 2017.

Questions about 1506, Cayan Tower

What did unit 1506 last sell for?

AED 1,519,000 on 21 June 2017: AED 2,128 per sqft for 714 sqft. The unit has 4 registered sales; the first was AED 940,200 in April 2009.

What is the rent for unit 1506?

AED 110,000 a year on the contract signed on 25 September 2017. The previous contract, from September 2016, was AED 110,000; the unit has been rented since September 2014.

How big is unit 1506?

714 sqft (66.3 sqm): a one-bedroom apartment on the 15th floor of a 73-storey tower completed in 2013.

What is unit 1506 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Cayan Tower sold for AED 1,720,000 to 3,400,000 in the last 12 months, around AED 2,348 per sqft.

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Mortgage on 1506, Cayan Tower

Starts from the last sale price (AED 1.52M, 21 June 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,519,000
Deposit, UAE resident (20%)
AED 303,800
Deposit, non-resident (40%)
AED 607,600
Monthly over 25 years at 3.7%
AED 6,215

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