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

P1-29, DEC Twin Towers 1

Sold prices and rental history: sold twice, last in July 2022, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit P1-29 · DLD and Ejari recordsUpdated 15 July 2022
Last soldAED 478K15 July 2022
Current rentAED 33K /yr15 September 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for P1-29, DEC Twin Towers 1

What is P1-29 worth today?

Last sold for AED 478,000 in 2022

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15 Jul 2022SoldReady
AED 478,000AED 952 per sqft
15 Sep 2021RentedRenewal
AED 33,000/yr12 months · AED 65 per sqft
15 Sep 2020RentedNew contract
AED 30,000/yr12 months · AED 59 per sqft
1 Sep 2019RentedRenewal
AED 42,000/yr12 months · AED 83 per sqft
1 Sep 2018RentedRenewal
AED 46,000/yr12 months · AED 91 per sqft
1 Sep 2017RentedNew contract
AED 50,000/yr12 months · AED 99 per sqft
20 Aug 2015RentedNew contract
AED 65,000/yr12 months · AED 128 per sqft
23 Mar 2014Sold by developerReady
AED 423,330AED 843 per sqft

Source: Dubai Land Department. Updated 15 July 2022.

Key facts

Type
Studio apartment
Size
502 sqft
Parking
B-271
Developer
Dheeraj & East Coast
Completed
2009
Service charge
AED 8,700 /yr
Last sold
AED 478K · July 2022
Building
DEC Twin Towers 1

About P1-29, DEC Twin Towers 1

P1-29 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 15 July 2022 for AED 478,000, or AED 952 per sqft.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, renewed on 15 September 2021, is AED 33,000 a year: a gross yield of 6.9% on the 2022 price, before the service charge of about AED 8,700 a year.

Sales and rents for P1-29 over time

Sales
Unit P1-29, 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 2014: AED 423,330 (AED 843 per sqft)Sold, July 2022: AED 478,000 (AED 952 per sqft)

P1-29 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit P1-29, 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, August 2015: AED 65,000 a yearNew contract, September 2017: AED 50,000 a yearRenewal, September 2018: AED 46,000 a yearRenewal, September 2019: AED 42,000 a yearNew contract, September 2020: AED 30,000 a yearRenewal, September 2021: AED 33,000 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 P1-29 sits

All 48 studios →

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. P1-29's AED 33,000 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 →

P1-29, DEC Twin Towers 1 in numbers

  • Sold twice: first on 23 March 2014 for AED 423,330, last on 15 July 2022 for AED 478,000 (AED 952 per sqft).
  • Rented since August 2015 on 6 Ejari contracts, from AED 65,000 to AED 33,000 a year.
  • At AED 33,000 a year the gross yield on the 2022 price is 6.9%, 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 15 July 2022.

Questions about P1-29, DEC Twin Towers 1

What did unit P1-29 last sell for?

AED 478,000 on 15 July 2022: AED 952 per sqft for 502 sqft. The unit has 2 registered sales; the first was AED 423,330 in March 2014.

What is the rent for unit P1-29?

AED 33,000 a year on the contract renewed on 15 September 2021. The previous contract, from September 2020, was AED 30,000; the unit has been rented since August 2015.

How big is unit P1-29?

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

What is unit P1-29 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 P1-29, DEC Twin Towers 1

Starts from the last sale price (AED 478K, 15 July 2022). Switch to today's estimate once you have unlocked it.
Price
AED 478,000
Deposit, UAE resident (20%)
AED 95,600
Deposit, non-resident (40%)
AED 191,200
Monthly over 25 years at 3.7%
AED 1,956

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