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Studio · 502 sqftDEC Twin Towers 1, Dubai Marina · completed 2009

P1-28, DEC Twin Towers 1

Sold prices and rental history: sold 5 times, last in August 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit P1-28 · DLD and Ejari recordsUpdated 22 August 2024
Last soldAED 800K22 August 2024
Current rentAED 40K /yr1 June 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for P1-28, DEC Twin Towers 1

What is P1-28 worth today?

Last sold for AED 800,000 in 2024

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22 Aug 2024SoldReady
AED 800,000AED 1,594 per sqft
1 Jun 2020RentedNew contract
AED 40,000/yr12 months · AED 79 per sqft
10 Feb 2019RentedNew contract
AED 55,000/yr12 months · AED 109 per sqft
17 Dec 2018SoldReady
AED 570,000AED 1,136 per sqft
1 Dec 2017RentedNew contract
AED 60,000/yr12 months · AED 119 per sqft
25 Jul 2015RentedNew contract
AED 68,000/yr12 months · AED 134 per sqft
15 Jun 2015SoldReady
AED 700,000AED 1,395 per sqft
20 Apr 2014RentedNew contract
AED 65,000/yr6 months · AED 128 per sqft

Source: Dubai Land Department. Updated 22 August 2024.

Key facts

Type
Studio apartment
Size
502 sqft
Parking
G-100
Developer
Dheeraj & East Coast
Completed
2009
Service charge
AED 8,700 /yr
Last sold
AED 800K · August 2024
Building
DEC Twin Towers 1

About P1-28, DEC Twin Towers 1

P1-28 is a studio of 502 sqft of DEC Twin Towers 1, a 21-storey tower in Dubai Marina completed in 2009 by Dheeraj & East Coast. It last sold on 22 August 2024 for AED 800,000, or AED 1,594 per sqft, 37% above the AED 1,161 studios in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, signed on 1 June 2020, is AED 40,000 a year: a gross yield of 5.0% on the 2024 price, before the service charge of about AED 8,700 a year.

Sales and rents for P1-28 over time

Sales
Unit P1-28, 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, January 2013: AED 423,330 (AED 843 per sqft)Sold, March 2013: AED 645,000 (AED 1,285 per sqft)Sold, June 2015: AED 700,000 (AED 1,395 per sqft)Sold, December 2018: AED 570,000 (AED 1,136 per sqft)Sold, August 2024: AED 800,000 (AED 1,594 per sqft)

P1-28 has sold 5 times; the dashed line is the studio median of each year in the building.

Rents
Unit P1-28, each contractTypical studio in DEC Twin Towers 1
40K60K2013201720212025Typical 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, April 2014: AED 65,000 a yearNew contract, July 2015: AED 68,000 a yearNew contract, December 2017: AED 60,000 a yearNew contract, February 2019: AED 55,000 a yearNew contract, June 2020: AED 40,000 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 P1-28 sits

All 48 studios →

P1-28 last sold in August 2024 at AED 1,594 per sqft, 37% above what studios in DEC Twin Towers 1 were fetching at the time (AED 1,161). 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. P1-28's AED 40,000 is at the bottom 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 →

P1-28, DEC Twin Towers 1 in numbers

  • Sold 5 times: first on 13 January 2013 for AED 423,330, last on 22 August 2024 for AED 800,000 (AED 1,594 per sqft).
  • Rented since April 2014 on 5 Ejari contracts, from AED 65,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2024 price is 5.0%, before a service charge of about AED 8,700 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 22 August 2024.

Questions about P1-28, DEC Twin Towers 1

What did unit P1-28 last sell for?

AED 800,000 on 22 August 2024: AED 1,594 per sqft for 502 sqft. The unit has 5 registered sales; the first was AED 423,330 in January 2013.

What is the rent for unit P1-28?

AED 40,000 a year on the contract signed on 1 June 2020. The previous contract, from February 2019, was AED 55,000; the unit has been rented since April 2014.

How big is unit P1-28?

502 sqft (46.6 sqm): a studio of a 21-storey tower completed in 2009.

What is unit P1-28 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 P1-28, DEC Twin Towers 1

Starts from the last sale price (AED 800K, 22 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 800,000
Deposit, UAE resident (20%)
AED 160,000
Deposit, non-resident (40%)
AED 320,000
Monthly over 25 years at 3.7%
AED 3,273

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