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

T1-1506, DEC Twin Towers 1

Sold prices and rental history: sold 4 times, last in April 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit T1-1506 · DLD and Ejari recordsUpdated 18 April 2023
Last soldAED 1.34M18 April 2023
Current rentAED 74K /yr1 September 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for T1-1506, DEC Twin Towers 1

What is T1-1506 worth today?

Last sold for AED 1,340,000 in 2023

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18 Apr 2023SoldReady
AED 1,340,000AED 898 per sqft
1 Sep 2021RentedNew contract
AED 73,500/yr12 months · AED 49 per sqft
1 Aug 2020RentedNew contract
AED 70,000/yr13 months · AED 47 per sqft
1 May 2019RentedNew contract
AED 90,000/yr13 months · AED 60 per sqft
5 Sep 2015RentedRenewal
AED 125,000/yr12 months · AED 84 per sqft
5 Sep 2014RentedNew contract
AED 130,000/yr12 months · AED 87 per sqft
5 Sep 2013RentedNew contract
AED 128,000/yr12 months · AED 86 per sqft
30 Jul 2013SoldReady
AED 1,390,000AED 932 per sqft

Source: Dubai Land Department. Updated 18 April 2023.

Key facts

Type
2-bed apartment
Size
1,491 sqft
Floor
15th of 21
Parking
B-19
Developer
Dheeraj & East Coast
Completed
2009
Service charge
AED 25,900 /yr
Last sold
AED 1.34M · April 2023
Building
DEC Twin Towers 1

About T1-1506, DEC Twin Towers 1

T1-1506 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 18 April 2023 for AED 1,340,000, or AED 898 per sqft, 22% above the AED 734 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 1 September 2021, is AED 73,500 a year: a gross yield of 5.5% on the 2023 price, before the service charge of about AED 25,900 a year.

Sales and rents for T1-1506 over time

Sales
Unit T1-1506, 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, July 2009: AED 1,243,386 (AED 834 per sqft)Sold, September 2009: AED 1,235,000 (AED 828 per sqft)Sold, July 2013: AED 1,390,000 (AED 932 per sqft)Sold, April 2023: AED 1,340,000 (AED 898 per sqft)

T1-1506 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit T1-1506, 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, September 2013: AED 128,000 a yearNew contract, September 2014: AED 130,000 a yearRenewal, September 2015: AED 125,000 a yearNew contract, May 2019: AED 90,000 a yearNew contract, August 2020: AED 70,000 a yearNew contract, September 2021: AED 73,500 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 T1-1506 sits

All 80 2-beds →

T1-1506 last sold in April 2023 at AED 898 per sqft, 22% above what two-beds in DEC Twin Towers 1 were fetching at the time (AED 734). 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. T1-1506's AED 73,500 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
T1-15022-bedAED 1.28M · Oct 2023
T1-15032-bedAED 2.24M · Apr 2026
T1-15041-bedAED 720K · Mar 2013
T1-15051-bedAED 800K · Feb 2017
T1-15072-bedAED 1.12M · May 2018
T1-15081-bedAED 678K · Jun 2010

T1-1506, DEC Twin Towers 1 in numbers

  • Sold 4 times: first on 20 July 2009 for AED 1,243,386, last on 18 April 2023 for AED 1,340,000 (AED 898 per sqft).
  • Rented since September 2013 on 6 Ejari contracts, from AED 128,000 to AED 73,500 a year.
  • At AED 73,500 a year the gross yield on the 2023 price is 5.5%, 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 18 April 2023.

Questions about T1-1506, DEC Twin Towers 1

What did unit T1-1506 last sell for?

AED 1,340,000 on 18 April 2023: AED 898 per sqft for 1,491 sqft. The unit has 4 registered sales; the first was AED 1,243,386 in July 2009.

What is the rent for unit T1-1506?

AED 73,500 a year on the contract signed on 1 September 2021. The previous contract, from August 2020, was AED 70,000; the unit has been rented since September 2013.

How big is unit T1-1506?

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 T1-1506 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 T1-1506, DEC Twin Towers 1

Starts from the last sale price (AED 1.34M, 18 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,340,000
Deposit, UAE resident (20%)
AED 268,000
Deposit, non-resident (40%)
AED 536,000
Monthly over 25 years at 3.7%
AED 5,482

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