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2-bed · 1,491 sqftDEC Twin Towers 1, Dubai Marina · 15th floor · completed 2009

T1-1502, DEC Twin Towers 1

Sold prices and rental history: sold twice, last in October 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit T1-1502 · DLD and Ejari recordsUpdated 24 October 2023
Last soldAED 1.28M24 October 2023
Current rentAED 115K /yr10 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for T1-1502, DEC Twin Towers 1

What is T1-1502 worth today?

Last sold for AED 1,275,000 in 2023

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24 Oct 2023SoldReady
AED 1,275,000AED 855 per sqft
10 Jun 2023RentedNew contract
AED 115,000/yr12 months · AED 77 per sqft
1 Jun 2021RentedNew contract
AED 70,000/yr12 months · AED 47 per sqft
6 Mar 2012Sold by developerReady
AED 1,217,300AED 816 per sqft

Source: Dubai Land Department. Updated 24 October 2023.

Key facts

Type
2-bed apartment
Size
1,491 sqft
Floor
15th of 21
Parking
B-23
Developer
Dheeraj & East Coast
Completed
2009
Service charge
AED 25,900 /yr
Last sold
AED 1.28M · October 2023
Building
DEC Twin Towers 1

About T1-1502, DEC Twin Towers 1

T1-1502 is a two-bedroom apartment of 1,491 sqft on the 15th floor of DEC Twin Towers 1, a 21-storey tower in Dubai Marina completed in 2009 by Dheeraj & East Coast. It last sold on 24 October 2023 for AED 1,275,000, or AED 855 per sqft, in line with the AED 872 two-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 10 June 2023, is AED 115,000 a year: a gross yield of 9.0% on the 2023 price, before the service charge of about AED 25,900 a year.

Sales and rents for T1-1502 over time

Sales
Unit T1-1502, each saleTypical two-bed in DEC Twin Towers 1
1M2M2009201420192024Typical sale price by year: 2009 AED 1,299,903; 2010 AED 1,310,820; 2011 AED 1,256,428; 2012 AED 1,173,825; 2013 AED 1,304,250; 2014 AED 1,239,038; 2015 AED 1,243,385; 2016 AED 1,295,000; 2017 AED 1,435,000; 2018 AED 1,115,000; 2019 AED 1,010,000; 2020 AED 800,000; 2021 AED 870,000; 2022 AED 1,010,000; 2023 AED 1,300,000; 2024 AED 1,466,200; 2025 AED 1,900,000; 2026 AED 2,240,000Sold by developer, March 2012: AED 1,217,300 (AED 816 per sqft)Sold, October 2023: AED 1,275,000 (AED 855 per sqft)

T1-1502 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit T1-1502, each contractTypical two-bed in DEC Twin Towers 1
100K20112015201920232027Typical rent by year: 2011 AED 75,000; 2012 AED 74,000; 2013 AED 83,250; 2014 AED 100,000; 2015 AED 107,500; 2016 AED 106,577; 2017 AED 100,000; 2018 AED 90,000; 2019 AED 80,000; 2020 AED 68,000; 2021 AED 64,000; 2022 AED 75,000; 2023 AED 89,000; 2024 AED 105,000; 2025 AED 115,000; 2026 AED 124,800New contract, June 2021: AED 70,000 a yearNew contract, June 2023: AED 115,000 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 DEC Twin Towers 1, and where T1-1502 sits

All 80 2-beds →

T1-1502 last sold in October 2023 at AED 855 per sqft, in line with what two-beds in DEC Twin Towers 1 were fetching at the time (AED 872). Over the last 12 months two-beds sold for AED 2,095,000 to 2,250,000, around AED 1,502 per sqft, and rent for AED 65,000 to 180,000 a year. T1-1502's AED 115,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
21 Aug 20262,095,000
7 Apr 20262,240,000
19 Jan 20262,250,000
2 Sep 20252,300,000
3 2-bed 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 →

Other units on the 15th floor

All 159 units in DEC Twin Towers 1
Value
T1-15011-bedAED 950K · Sep 2015
T1-15032-bedAED 2.24M · Apr 2026
T1-15041-bedAED 720K · Mar 2013
T1-15051-bedAED 800K · Feb 2017
T1-15062-bedAED 1.34M · Apr 2023
T1-15072-bedAED 1.12M · May 2018
T1-15081-bedAED 678K · Jun 2010

T1-1502, DEC Twin Towers 1 in numbers

  • Sold twice: first on 6 March 2012 for AED 1,217,300, last on 24 October 2023 for AED 1,275,000 (AED 855 per sqft).
  • Rented since June 2021 on 2 Ejari contracts, from AED 70,000 to AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2023 price is 9.0%, before a service charge of about AED 25,900 a year (AED 17.39 per sqft).
  • Two-beds in DEC Twin Towers 1 sold for AED 2,095,000–2,250,000 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 24 October 2023.

Questions about T1-1502, DEC Twin Towers 1

What did unit T1-1502 last sell for?

AED 1,275,000 on 24 October 2023: AED 855 per sqft for 1,491 sqft. The unit has 2 registered sales; the first was AED 1,217,300 in March 2012.

What is the rent for unit T1-1502?

AED 115,000 a year on the contract signed on 10 June 2023. The previous contract, from June 2021, was AED 70,000.

How big is unit T1-1502?

1,491 sqft (138.5 sqm): a two-bedroom apartment on the 15th floor of a 21-storey tower completed in 2009.

What is unit T1-1502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in DEC Twin Towers 1 sold for AED 2,095,000 to 2,250,000 in the last 12 months, around AED 1,502 per sqft.

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Mortgage on T1-1502, DEC Twin Towers 1

Starts from the last sale price (AED 1.28M, 24 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,275,000
Deposit, UAE resident (20%)
AED 255,000
Deposit, non-resident (40%)
AED 510,000
Monthly over 25 years at 3.7%
AED 5,216

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