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1-bed · 823 sqftDEC Twin Towers 2, Dubai Marina · 16th floor · completed 2009

T2-1601, DEC Twin Towers 2

Sold prices and rental history: sold twice, last in September 2015, and rented once, from July 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit T2-1601 · DLD and Ejari recordsUpdated 3 September 2015
Last soldAED 480K3 September 2015
Current rentAED 65K /yr6 July 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for T2-1601, DEC Twin Towers 2

What is T2-1601 worth today?

Last sold for AED 480,000 in 2015

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3 Sep 2015SoldReady
AED 480,000AED 582 per sqft
6 Jul 2013RentedNew contract
AED 65,000/yr12 months · AED 78 per sqft
9 Aug 2009Sold by developerReady
AED 701,520AED 851 per sqft

Source: Dubai Land Department. Updated 3 September 2015.

Key facts

Type
1-bed apartment
Size
823 sqft
Floor
16th of 25
Parking
B-128
Developer
Dheeraj & East Coast
Completed
2009
Service charge
AED 14,300 /yr
Last sold
AED 480K · September 2015
Building
DEC Twin Towers 2

About T2-1601, DEC Twin Towers 2

T2-1601 is a one-bedroom apartment of 823 sqft on the 16th floor of DEC Twin Towers 2, a 25-storey tower in Dubai Marina completed in 2009 by Dheeraj & East Coast. It last sold on 3 September 2015 for AED 480,000, or AED 582 per sqft, 41% below the AED 985 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 6 July 2013. The current contract, signed on 6 July 2013, is AED 65,000 a year: a gross yield of 13.5% on the 2015 price, before the service charge of about AED 14,300 a year.

Sales and rents for T2-1601 over time

Sales
Unit T2-1601, each saleTypical one-bed in DEC Twin Towers 2
500K1M2009201420192024Typical sale price by year: 2009 AED 701,520; 2010 AED 692,040; 2011 AED 644,640; 2012 AED 677,820; 2013 AED 706,260; 2014 AED 711,000; 2015 AED 915,500; 2016 AED 860,000; 2017 AED 890,000; 2019 AED 625,000; 2020 AED 530,000; 2021 AED 575,320; 2022 AED 750,000; 2023 AED 832,500; 2024 AED 910,000; 2025 AED 1,140,000; 2026 AED 1,055,000Sold by developer, August 2009: AED 701,520 (AED 851 per sqft)Sold, September 2015: AED 480,000 (AED 582 per sqft)

T2-1601 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit T2-1601, each contractTypical one-bed in DEC Twin Towers 2
40K60K80K2012201620202024Typical rent by year: 2012 AED 53,750; 2013 AED 66,000; 2014 AED 76,500; 2015 AED 82,250; 2016 AED 80,000; 2017 AED 72,000; 2018 AED 65,000; 2019 AED 55,000; 2020 AED 48,000; 2021 AED 45,000; 2022 AED 52,000; 2023 AED 60,750; 2024 AED 73,000; 2025 AED 75,850; 2026 AED 75,000New contract, July 2013: AED 65,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in DEC Twin Towers 2, and where T2-1601 sits

All 92 1-beds →

T2-1601 last sold in September 2015 at AED 582 per sqft, 41% below what one-beds in DEC Twin Towers 2 were fetching at the time (AED 985). Over the last 12 months one-beds sold for AED 980,000 to 1,450,000, around AED 1,244 per sqft, and rent for AED 58,000 to 144,000 a year. T2-1601's AED 65,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
24 Sep 20261,100,000
9 Sep 2026980,000
22 May 20261,450,000
22 Apr 20261,010,000
7 1-bed sales in the last 12 months

DEC Twin Towers 2

Building

192 apartments, studios to 4-bed over 25 floors in Dubai Marina, completed in 2009 by Dheeraj & East Coast. 13 sold in the last 12 months.

Typical price per sqft
AED 1,244 Up 9.1%
Typical sale
AED 1.1M
Typical rent
AED 75K /yr
Typical yield
7.1%
DEC Twin Towers 2, Dubai Marina: prices, sales and rents →

Other units on the 16th floor

All 192 units in DEC Twin Towers 2
Value
T2-16022-bedAED 393K · Apr 2020
T2-16032-bedAED 820K · Apr 2021
T2-16041-bedAED 683K · Jul 2015
T2-16051-bedAED 750K · Dec 2022
T2-16062-bedAED 1.2M · Jun 2022
T2-16072-bedAED 950K · Jun 2021
T2-16081-bedAED 720K · Mar 2010

T2-1601, DEC Twin Towers 2 in numbers

  • Sold twice: first on 9 August 2009 for AED 701,520, last on 3 September 2015 for AED 480,000 (AED 582 per sqft).
  • Rented since July 2013 on one Ejari contract, at AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2015 price is 13.5%, before a service charge of about AED 14,300 a year (AED 17.39 per sqft).
  • One-beds in DEC Twin Towers 2 sold for AED 980,000–1,450,000 in the 12 months to November 2026; the building's median across all types is AED 1,244 per sqft.

Source: Dubai Land Department. Updated 3 September 2015.

Questions about T2-1601, DEC Twin Towers 2

What did unit T2-1601 last sell for?

AED 480,000 on 3 September 2015: AED 582 per sqft for 823 sqft. The unit has 2 registered sales; the first was AED 701,520 in August 2009.

What is the rent for unit T2-1601?

AED 65,000 a year on the contract signed on 6 July 2013.

How big is unit T2-1601?

823 sqft (76.5 sqm): a one-bedroom apartment on the 16th floor of a 25-storey tower completed in 2009.

What is unit T2-1601 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in DEC Twin Towers 2 sold for AED 980,000 to 1,450,000 in the last 12 months, around AED 1,244 per sqft.

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Mortgage on T2-1601, DEC Twin Towers 2

Starts from the last sale price (AED 480K, 3 September 2015). Switch to today's estimate once you have unlocked it.
Price
AED 480,000
Deposit, UAE resident (20%)
AED 96,000
Deposit, non-resident (40%)
AED 192,000
Monthly over 25 years at 3.7%
AED 1,964

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