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Studio · 866 sqftDEC Twin Towers 1, Dubai Marina · completed 2009

P1-01, DEC Twin Towers 1

Sold prices and rental history: sold twice, last in August 2024, and rented continuously since 2011. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit P1-01 · DLD and Ejari recordsUpdated 14 August 2024
Last soldAED 680K14 August 2024
Current rentAED 55K /yr28 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for P1-01, DEC Twin Towers 1

What is P1-01 worth today?

Last sold for AED 680,000 in 2024

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14 Aug 2024SoldReady
AED 680,000AED 785 per sqft
28 May 2023RentedNew contract
AED 55,000/yr12 months · AED 64 per sqft
1 Dec 2022RentedNew contract
AED 55,000/yr12 months · AED 64 per sqft
20 Sep 2021RentedNew contract
AED 34,000/yr12 months · AED 39 per sqft
22 Apr 2020RentedRenewal
AED 40,000/yr12 months · AED 46 per sqft
22 Apr 2019RentedRenewal
AED 44,000/yr12 months · AED 51 per sqft
22 Apr 2018RentedNew contract
AED 48,000/yr12 months · AED 56 per sqft
16 Jan 2017RentedNew contract
AED 63,000/yr12 months · AED 73 per sqft

Source: Dubai Land Department. Updated 14 August 2024.

Key facts

Type
Studio apartment
Size
866 sqft
Parking
B-118
Developer
Dheeraj & East Coast
Completed
2009
Service charge
AED 15,100 /yr
Last sold
AED 680K · August 2024
Building
DEC Twin Towers 1

About P1-01, DEC Twin Towers 1

P1-01 is a studio of 866 sqft of DEC Twin Towers 1, a 21-storey tower in Dubai Marina completed in 2009 by Dheeraj & East Coast. It last sold on 14 August 2024 for AED 680,000, or AED 785 per sqft, 28% below the AED 1,086 studios in the building were fetching at the time.

It has been rented continuously since 2011 on 9 Ejari contracts. The current contract, signed on 28 May 2023, is AED 55,000 a year: a gross yield of 8.1% on the 2024 price, before the service charge of about AED 15,100 a year.

Sales and rents for P1-01 over time

Sales
Unit P1-01, each saleTypical studio in DEC Twin Towers 1
400K600K800K2009201420192024Typical sale price by year: 2009 AED 465,740; 2010 AED 465,580; 2011 AED 475,630; 2012 AED 468,805; 2013 AED 463,500; 2014 AED 680,000; 2015 AED 479,780; 2016 AED 630,000; 2018 AED 570,000; 2022 AED 530,000; 2023 AED 562,500; 2024 AED 730,000; 2025 AED 825,000; 2026 AED 800,000Sold by developer, March 2013: AED 452,980 (AED 523 per sqft)Sold, August 2024: AED 680,000 (AED 785 per sqft)

P1-01 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit P1-01, each contractTypical studio in DEC Twin Towers 1
40K60K20112015201920232027Typical rent by year: 2013 AED 42,000; 2014 AED 49,197; 2015 AED 64,500; 2016 AED 60,000; 2017 AED 58,000; 2018 AED 48,000; 2019 AED 44,000; 2020 AED 35,000; 2021 AED 33,000; 2022 AED 40,000; 2023 AED 48,000; 2024 AED 59,825; 2025 AED 60,000; 2026 AED 55,650New contract, May 2011: AED 40,000 a yearNew contract, June 2013: AED 50,000 a yearNew contract, January 2017: AED 63,000 a yearNew contract, April 2018: AED 48,000 a yearRenewal, April 2019: AED 44,000 a yearRenewal, April 2020: AED 40,000 a yearNew contract, September 2021: AED 34,000 a yearNew contract, December 2022: AED 55,000 a yearNew contract, May 2023: AED 55,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in DEC Twin Towers 1, and where P1-01 sits

All 48 studios →

P1-01 last sold in August 2024 at AED 785 per sqft, 28% below what studios in DEC Twin Towers 1 were fetching at the time (AED 1,086). Over the last 12 months studios sold for AED 750,000 to 1,020,000, around AED 1,545 per sqft, and rent for AED 40,800 to 75,000 a year. P1-01's AED 55,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
30 Jul 20261,020,000
25 Feb 2026800,000
6 Feb 2026750,000
16 Jan 2026800,000
5 studio sales in the last 12 months

DEC Twin Towers 1

Building

159 apartments, studios to 2-bed over 21 floors in Dubai Marina, completed in 2009 by Dheeraj & East Coast. 11 sold in the last 12 months.

Typical price per sqft
AED 1,473 Up 6.2%
Typical sale
AED 1.02M
Typical rent
AED 77K /yr
Typical yield
6.1%
DEC Twin Towers 1, Dubai Marina: prices, sales and rents →

P1-01, DEC Twin Towers 1 in numbers

  • Sold twice: first on 25 March 2013 for AED 452,980, last on 14 August 2024 for AED 680,000 (AED 785 per sqft).
  • Rented since May 2011 on 9 Ejari contracts. The rent fell from AED 40,000 to AED 34,000 in 2021 and recovered to AED 55,000 by May 2023.
  • At AED 55,000 a year the gross yield on the 2024 price is 8.1%, before a service charge of about AED 15,100 a year (AED 17.39 per sqft).
  • Studios in DEC Twin Towers 1 sold for AED 750,000–1,020,000 in the 12 months to November 2026; the building's median across all types is AED 1,473 per sqft.

Source: Dubai Land Department. Updated 14 August 2024.

Questions about P1-01, DEC Twin Towers 1

What did unit P1-01 last sell for?

AED 680,000 on 14 August 2024: AED 785 per sqft for 866 sqft. The unit has 2 registered sales; the first was AED 452,980 in March 2013.

What is the rent for unit P1-01?

AED 55,000 a year on the contract signed on 28 May 2023. The previous contract, from December 2022, was AED 55,000; the unit has been rented since May 2011.

How big is unit P1-01?

866 sqft (80.5 sqm): a studio of a 21-storey tower completed in 2009.

What is unit P1-01 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in DEC Twin Towers 1 sold for AED 750,000 to 1,020,000 in the last 12 months, around AED 1,545 per sqft.

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Mortgage on P1-01, DEC Twin Towers 1

Starts from the last sale price (AED 680K, 14 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 680,000
Deposit, UAE resident (20%)
AED 136,000
Deposit, non-resident (40%)
AED 272,000
Monthly over 25 years at 3.7%
AED 2,782

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