The Cascades

The Cascades is an apartment complex in Dubai Marina. The construction of this building was completed in 2006. The developer was the Mustafa bin Abdul Latif Group.

The residential complex offers 94 apartments with 1-3 bedrooms. There is an underground parking lot, squash court, modern gym, sauna and a large swimming pool. For the convenience of residents several high-speed elevators are provided as well as an around the clock security system and video surveillance and central air conditioning systems. There is also a landscaped garden and a children’s playground. Residents of The Cascades can also count on concierge services.

Apartments for sale in the building range from 382 to 1,775 sq. ft (35-165 sq. m). The apartments include an open-plan kitchen, several bathrooms, built-in closets, a spacious balcony and a large living room.

Properties in the complex start at AED 550,000 (USD 150,000). Two-bedroom apartments can be purchased for AED 3,400,000 (USD 925,650).

The acquisition of real estate in Dubai Marina guarantees a return on investment of around 3.2%. The average annual rent for an apartment in The Cascades is AED 92,880 (USD 25,000). Taking into account the mandatory annual payments, the investment in housing will pay off within 15-25 years.