2-bed · 1,491 sqftDEC Twin Towers 1, Dubai Marina · 8th floor · completed 2009

T1-802, DEC Twin Towers 1

Sold prices and rental history: sold 4 times, last in November 2018, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit T1-802 · DLD and Ejari recordsUpdated 1 June 2024
Last soldAED 950K19 November 2018
Current rentAED 105K /yr1 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for T1-802, DEC Twin Towers 1

What is T1-802 worth today?

Last sold for AED 950,000 in 2018

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1 Jun 2024RentedRenewal
AED 105,000/yr12 months · AED 70 per sqft
1 Jun 2024RentedRenewal
AED 105,000/yr12 months · AED 70 per sqft
1 Jun 2023RentedNew contract
AED 100,000/yr12 months · AED 67 per sqft
1 Oct 2021RentedRenewal
AED 60,000/yr12 months · AED 40 per sqft
19 Nov 2018SoldReady
AED 950,000AED 637 per sqft
16 Jan 2018RentedRenewal
AED 146,667/yr9 months · AED 98 per sqft
16 Jan 2017RentedNew contract
AED 110,000/yr12 months · AED 74 per sqft
21 Jul 2016RentedNew contract
AED 115,000/yr12 months · AED 77 per sqft

Source: Dubai Land Department. Updated 1 June 2024.

Key facts

Type
2-bed apartment
Size
1,491 sqft
Floor
8th of 21
Parking
G-177
Developer
Dheeraj & East Coast
Completed
2009
Service charge
AED 25,900 /yr
Last sold
AED 950K · November 2018

About T1-802, DEC Twin Towers 1

T1-802 is a two-bedroom apartment of 1,491 sqft on the 8th floor of DEC Twin Towers 1, a 21-storey tower in Dubai Marina completed in 2009 by Dheeraj & East Coast. It last sold on 19 November 2018 for AED 950,000, or AED 637 per sqft, 17% below the AED 771 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, renewed on 1 June 2024, is AED 105,000 a year: a gross yield of 11.1% on the 2018 price, before the service charge of about AED 25,900 a year.

Sales and rents for T1-802 over time

Sales
Unit T1-802, 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, September 2012: AED 1,050,000 (AED 704 per sqft)Sold by developer, September 2012: AED 1,304,250 (AED 874 per sqft)Sold, August 2015: AED 525,000 (AED 704 per sqft)Sold, November 2018: AED 950,000 (AED 637 per sqft)

T1-802 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit T1-802, each contractTypical two-bed in DEC Twin Towers 1
50K100K150K20112015201920232027Typical 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, July 2016: AED 115,000 a yearNew contract, January 2017: AED 110,000 a yearRenewal, January 2018: AED 146,667 a yearRenewal, October 2021: AED 60,000 a yearNew contract, June 2023: AED 100,000 a yearRenewal, June 2024: AED 105,000 a yearRenewal, June 2024: 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 T1-802 sits

All 80 2-beds →

T1-802 last sold in November 2018 at AED 637 per sqft, 17% below what two-beds in DEC Twin Towers 1 were fetching at the time (AED 771). 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. T1-802'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 8th floor

All 159 units in DEC Twin Towers 1
Value
T1-8011-bedAED 770K · Oct 2022
T1-8032-bedAED 1.3M · Dec 2009
T1-8041-bedAED 1.04M · Feb 2014
T1-8051-bedAED 1.08M · Sep 2014
T1-8062-bedAED 1.3M · Oct 2010
T1-8072-bedAED 1.01M · Jun 2022
T1-8081-bedAED 697K · Feb 2013

T1-802, DEC Twin Towers 1 in numbers

  • Sold 4 times: first on 16 September 2012 for AED 1,304,250, last on 19 November 2018 for AED 950,000 (AED 637 per sqft).
  • Rented since July 2016 on 7 Ejari contracts. The rent fell from AED 115,000 to AED 60,000 in 2021 and recovered to AED 105,000 by June 2024.
  • At AED 105,000 a year the gross yield on the 2018 price is 11.1%, 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 1 June 2024.

Questions about T1-802, DEC Twin Towers 1

What did unit T1-802 last sell for?

AED 950,000 on 19 November 2018: AED 637 per sqft for 1,491 sqft. The unit has 4 registered sales; the first was AED 1,304,250 in September 2012.

What is the rent for unit T1-802?

AED 105,000 a year on the contract renewed on 1 June 2024. The previous contract, from June 2024, was AED 105,000; the unit has been rented since July 2016.

How big is unit T1-802?

1,491 sqft (138.5 sqm): a two-bedroom apartment on the 8th floor of a 21-storey tower completed in 2009.

What is unit T1-802 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 T1-802, DEC Twin Towers 1

Starts from the last sale price (AED 950K, 19 November 2018). Switch to today's estimate once you have unlocked it.
Price
AED 950,000
Deposit, UAE resident (20%)
AED 190,000
Deposit, non-resident (40%)
AED 380,000
Monthly over 25 years at 3.7%
AED 3,887

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