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2-bed · 1,491 sqftDEC Twin Towers 1, Dubai Marina · 7th floor · completed 2009

T1-706, DEC Twin Towers 1

Sold prices and rental history: sold 3 times, last in September 2019, and rented once, from April 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit T1-706 · DLD and Ejari recordsUpdated 30 September 2019
Last soldAED 1.1M30 September 2019
Current rentAED 60K /yr1 April 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for T1-706, DEC Twin Towers 1

What is T1-706 worth today?

Last sold for AED 1,100,000 in 2019

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30 Sep 2019SoldReady
AED 1,100,000AED 737 per sqft
1 Apr 2017RentedNew contract
AED 60,000/yr36 months · AED 40 per sqft
20 Nov 2014SoldReady
AED 910,000AED 610 per sqft
14 Oct 2014Sold by developerReady
AED 1,304,250AED 874 per sqft

Source: Dubai Land Department. Updated 30 September 2019.

Key facts

Type
2-bed apartment
Size
1,491 sqft
Floor
7th of 21
Parking
B-44
Developer
Dheeraj & East Coast
Completed
2009
Service charge
AED 25,900 /yr
Last sold
AED 1.1M · September 2019
Building
DEC Twin Towers 1

About T1-706, DEC Twin Towers 1

T1-706 is a two-bedroom apartment of 1,491 sqft on the 7th floor of DEC Twin Towers 1, a 21-storey tower in Dubai Marina completed in 2009 by Dheeraj & East Coast. It last sold on 30 September 2019 for AED 1,100,000, or AED 737 per sqft, 26% above the AED 587 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 April 2017. The current contract, signed on 1 April 2017, is AED 60,000 a year: a gross yield of 5.5% on the 2019 price, before the service charge of about AED 25,900 a year.

Sales and rents for T1-706 over time

Sales
Unit T1-706, 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, October 2014: AED 1,304,250 (AED 874 per sqft)Sold, November 2014: AED 910,000 (AED 610 per sqft)Sold, September 2019: AED 1,100,000 (AED 737 per sqft)

T1-706 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit T1-706, each contractTypical two-bed in DEC Twin Towers 1
50K100K20112015201920232027Typical 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, April 2017: AED 60,000 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 T1-706 sits

All 80 2-beds →

T1-706 last sold in September 2019 at AED 737 per sqft, 26% above what two-beds in DEC Twin Towers 1 were fetching at the time (AED 587). 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. T1-706's AED 60,000 is at the bottom 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 7th floor

All 159 units in DEC Twin Towers 1
Value
T1-7011-bedAED 513K · Apr 2015
T1-7022-bedAED 870K · Oct 2020
T1-7032-bedAED 1.43M · Aug 2024
T1-7041-bedAED 664K · Dec 2013
T1-7072-bedAED 1.8M · Aug 2024
T1-7081-bedAED 1.03M · Nov 2024

T1-706, DEC Twin Towers 1 in numbers

  • Sold 3 times: first on 14 October 2014 for AED 1,304,250, last on 30 September 2019 for AED 1,100,000 (AED 737 per sqft).
  • Rented since April 2017 on one Ejari contract, at AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2019 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 30 September 2019.

Questions about T1-706, DEC Twin Towers 1

What did unit T1-706 last sell for?

AED 1,100,000 on 30 September 2019: AED 737 per sqft for 1,491 sqft. The unit has 3 registered sales; the first was AED 1,304,250 in October 2014.

What is the rent for unit T1-706?

AED 60,000 a year on the contract signed on 1 April 2017.

How big is unit T1-706?

1,491 sqft (138.5 sqm): a two-bedroom apartment on the 7th floor of a 21-storey tower completed in 2009.

What is unit T1-706 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 T1-706, DEC Twin Towers 1

Starts from the last sale price (AED 1.1M, 30 September 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

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