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Studio · 518 sqftDEC Twin Towers 3 (Podium), Dubai Marina · completed 2009

P3-12, DEC Twin Towers 3 (Podium)

Sold prices and rental history: sold once, by the developer in February 2014, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit P3-12 · DLD and Ejari recordsUpdated 1 June 2024
Last soldAED 415K16 February 2014
Current rentAED 50K /yr1 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for P3-12, DEC Twin Towers 3 (Podium)

What is P3-12 worth today?

Last sold for AED 414,700 in 2014

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1 Jun 2024RentedRenewal
AED 50,000/yr12 months · AED 97 per sqft
1 Jun 2023RentedNew contract
AED 50,000/yr12 months · AED 97 per sqft
25 May 2022RentedNew contract
AED 40,000/yr12 months · AED 77 per sqft
15 Sep 2021RentedNew contract
AED 30,000/yr12 months · AED 58 per sqft
30 Aug 2018RentedNew contract
AED 45,000/yr12 months · AED 87 per sqft
11 May 2017RentedRenewal
AED 60,000/yr12 months · AED 116 per sqft
11 May 2016RentedNew contract
AED 60,000/yr12 months · AED 116 per sqft
16 Feb 2014Sold by developerReady
AED 414,700AED 800 per sqft

Source: Dubai Land Department. Updated 1 June 2024.

Key facts

Type
Studio apartment
Size
518 sqft
Parking
G-116
Developer
Dheeraj & East Coast
Completed
2009
Service charge
AED 9,000 /yr
Last sold
AED 415K · February 2014
Building
DEC Twin Towers 3 (Podium)

About P3-12, DEC Twin Towers 3 (Podium)

P3-12 is a studio of 518 sqft of DEC Twin Towers 3 (Podium), in Dubai Marina completed in 2009 by Dheeraj & East Coast. The developer sold it on 16 February 2014 for AED 414,700, or AED 800 per sqft, 23% below the AED 1,042 studios 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 50,000 a year: a gross yield of 12.1% on the 2014 price, before the service charge of about AED 9,000 a year.

Sales and rents for P3-12 over time

Sales
Unit P3-12, each saleTypical studio in DEC Twin Towers 3 (Podium)
500K750K2009201420192024Typical sale price by year: 2009 AED 437,030; 2010 AED 432,245; 2011 AED 417,150; 2012 AED 449,700; 2013 AED 514,035; 2014 AED 650,000; 2015 AED 559,885; 2016 AED 655,000; 2017 AED 650,000; 2020 AED 355,700; 2021 AED 470,000; 2023 AED 590,000; 2024 AED 820,000; 2025 AED 800,000; 2026 AED 800,000Sold by developer, February 2014: AED 414,700 (AED 800 per sqft)

P3-12 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit P3-12, each contractTypical studio in DEC Twin Towers 3 (Podium)
40K60K2012201620202024Typical rent by year: 2012 AED 35,000; 2013 AED 50,000; 2014 AED 60,000; 2015 AED 65,000; 2016 AED 64,000; 2017 AED 57,000; 2018 AED 50,000; 2019 AED 43,000; 2020 AED 32,000; 2021 AED 32,000; 2022 AED 42,250; 2023 AED 48,000; 2024 AED 57,945; 2025 AED 61,250; 2026 AED 60,000New contract, May 2016: AED 60,000 a yearRenewal, May 2017: AED 60,000 a yearNew contract, August 2018: AED 45,000 a yearNew contract, September 2021: AED 30,000 a yearNew contract, May 2022: AED 40,000 a yearNew contract, June 2023: AED 50,000 a yearRenewal, June 2024: AED 50,000 a year

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

Studios in DEC Twin Towers 3 (Podium), and where P3-12 sits

All 54 studios →

P3-12 last sold in February 2014 at AED 800 per sqft, 23% below what studios in DEC Twin Towers 3 (Podium) were fetching at the time (AED 1,042). Over the last 12 months studios sold for AED 26,394 to 1,050,000, around AED 1,492 per sqft, and rent for AED 34,800 to 75,000 a year. P3-12's AED 50,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
29 Oct 2026708,000
21 Sep 2026750,000
4 Mar 2026800,000
2 Feb 2026800,000
6 studio sales in the last 12 months

DEC Twin Towers 3 (Podium)

Building

54 apartments, studios in Dubai Marina, completed in 2009 by Dheeraj & East Coast. 6 sold in the last 12 months.

Typical price per sqft
AED 1,492
Typical sale
AED 775K
Typical rent
AED 60K /yr
Typical yield
7.8%
DEC Twin Towers 3 (Podium), Dubai Marina: prices, sales and rents →

P3-12, DEC Twin Towers 3 (Podium) in numbers

  • Sold once: by Dheeraj & East Coast on 16 February 2014 for AED 414,700, or AED 800 per sqft.
  • Rented since May 2016 on 7 Ejari contracts. The rent fell from AED 60,000 to AED 30,000 in 2021 and recovered to AED 50,000 by June 2024.
  • At AED 50,000 a year the gross yield on the 2014 price is 12.1%, before a service charge of about AED 9,000 a year (AED 17.39 per sqft).
  • Studios in DEC Twin Towers 3 (Podium) sold for AED 26,394–1,050,000 in the 12 months to November 2026; the building's median across all types is AED 1,492 per sqft.

Source: Dubai Land Department. Updated 1 June 2024.

Questions about P3-12, DEC Twin Towers 3 (Podium)

What did unit P3-12 last sell for?

AED 414,700 on 16 February 2014, sold by the developer: AED 800 per sqft for 518 sqft. It is the only registered sale of the unit.

What is the rent for unit P3-12?

AED 50,000 a year on the contract renewed on 1 June 2024. The previous contract, from June 2023, was AED 50,000; the unit has been rented since May 2016.

How big is unit P3-12?

518 sqft (48.1 sqm): a studio of DEC Twin Towers 3 (Podium) completed in 2009.

What is unit P3-12 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in DEC Twin Towers 3 (Podium) sold for AED 26,394 to 1,050,000 in the last 12 months, around AED 1,492 per sqft.

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Mortgage on P3-12, DEC Twin Towers 3 (Podium)

Starts from the last sale price (AED 415K, 16 February 2014). Switch to today's estimate once you have unlocked it.
Price
AED 414,700
Deposit, UAE resident (20%)
AED 82,940
Deposit, non-resident (40%)
AED 165,880
Monthly over 25 years at 3.7%
AED 1,697

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