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2-bed · 1,491 sqftDEC Twin Towers 1, Dubai Marina · 5th floor · completed 2009

T1-503, DEC Twin Towers 1

Sold prices and rental history: sold twice, last in July 2024, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit T1-503 · DLD and Ejari recordsUpdated 29 July 2024
Last soldAED 1.43M29 July 2024
Current rentAED 105K /yr15 September 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for T1-503, DEC Twin Towers 1

What is T1-503 worth today?

Last sold for AED 1,434,000 in 2024

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29 Jul 2024SoldReady
AED 1,434,000AED 961 per sqft
15 Sep 2016RentedNew contract
AED 105,000/yr12 months · AED 70 per sqft
1 Sep 2013RentedNew contract
AED 84,000/yr12 months · AED 56 per sqft
13 May 2013Sold by developerReady
AED 1,304,250AED 874 per sqft

Source: Dubai Land Department. Updated 29 July 2024.

Key facts

Type
2-bed apartment
Size
1,491 sqft
Floor
5th of 21
Parking
B-56
Developer
Dheeraj & East Coast
Completed
2009
Service charge
AED 25,900 /yr
Last sold
AED 1.43M · July 2024
Building
DEC Twin Towers 1

About T1-503, DEC Twin Towers 1

T1-503 is a two-bedroom apartment of 1,491 sqft on the 5th floor of DEC Twin Towers 1, a 21-storey tower in Dubai Marina completed in 2009 by Dheeraj & East Coast. It last sold on 29 July 2024 for AED 1,434,000, or AED 961 per sqft, in line with the AED 970 two-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 15 September 2016, is AED 105,000 a year: a gross yield of 7.3% on the 2024 price, before the service charge of about AED 25,900 a year.

Sales and rents for T1-503 over time

Sales
Unit T1-503, 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, May 2013: AED 1,304,250 (AED 874 per sqft)Sold, July 2024: AED 1,434,000 (AED 961 per sqft)

T1-503 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit T1-503, 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 84,000 a yearNew contract, September 2016: AED 105,000 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 T1-503 sits

All 80 2-beds →

T1-503 last sold in July 2024 at AED 961 per sqft, in line with what two-beds in DEC Twin Towers 1 were fetching at the time (AED 970). 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. T1-503's AED 105,000 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 5th floor

All 159 units in DEC Twin Towers 1
Value
T1-5011-bedAED 687K · Sep 2015
T1-5022-bedAED 2.1M · Apr 2025
T1-5041-bedAED 850K · Jan 2015

T1-503, DEC Twin Towers 1 in numbers

  • Sold twice: first on 13 May 2013 for AED 1,304,250, last on 29 July 2024 for AED 1,434,000 (AED 961 per sqft).
  • Rented since September 2013 on 2 Ejari contracts, from AED 84,000 to AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2024 price is 7.3%, 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 29 July 2024.

Questions about T1-503, DEC Twin Towers 1

What did unit T1-503 last sell for?

AED 1,434,000 on 29 July 2024: AED 961 per sqft for 1,491 sqft. The unit has 2 registered sales; the first was AED 1,304,250 in May 2013.

What is the rent for unit T1-503?

AED 105,000 a year on the contract signed on 15 September 2016. The previous contract, from September 2013, was AED 84,000.

How big is unit T1-503?

1,491 sqft (138.5 sqm): a two-bedroom apartment on the 5th floor of a 21-storey tower completed in 2009.

What is unit T1-503 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 T1-503, DEC Twin Towers 1

Starts from the last sale price (AED 1.43M, 29 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,434,000
Deposit, UAE resident (20%)
AED 286,800
Deposit, non-resident (40%)
AED 573,600
Monthly over 25 years at 3.7%
AED 5,867

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