2-bed · 1,255 sqftOcean Point 1, Al Mina · 3rd floor

307, Ocean Point 1

Sold prices and rental history: sold once, by the developer in May 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 307 · DLD and Ejari recordsUpdated 7 May 2024
Last soldAED 2.57M7 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 307, Ocean Point 1

What is 307 worth today?

Last sold for AED 2,565,888 in 2024

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7 May 2024Sold by developerOff-plan
AED 2,565,888AED 2,044 per sqft

Source: Dubai Land Department. Updated 7 May 2024.

Key facts

Type
2-bed apartment
Size
1,255 sqft
Floor
3rd of 8
Parking
1
Last sold
AED 2.57M · May 2024

About 307, Ocean Point 1

307 is a two-bedroom apartment of 1,255 sqft on the 3rd floor of Ocean Point 1, a 8-storey tower in Al Mina. The developer sold it on 7 May 2024 for AED 2,565,888, or AED 2,044 per sqft, in line with the AED 2,052 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 307 over time

Sales
Unit 307, each saleTypical two-bed in Ocean Point 1
2.57M2.58M2024202520262027Typical sale price by year: 2024 AED 2,585,888; 2026 AED 2,580,888Sold by developer, May 2024: AED 2,565,888 (AED 2,044 per sqft)

307 has sold once; the dashed line is the two-bed median of each year in the building.

2-beds in Ocean Point 1, and where 307 sits

All 30 2-beds →

307 last sold in May 2024 at AED 2,044 per sqft, in line with what two-beds in Ocean Point 1 were fetching at the time (AED 2,052). Over the last 12 months two-beds sold for AED 2,497,888 to 2,872,888, around AED 2,056 per sqft.

Recent 2-bed salesUnit no.Price (AED)Summary
27 Apr 20262,500,000
10 Mar 20262,497,888
10 Mar 20262,580,888
10 Mar 20262,872,888
5 2-bed sales in the last 12 months

Ocean Point 1

Building

89 apartments, 1-bed to 3-bed over 8 floors in Al Mina. 14 sold in the last 12 months.

Typical price per sqft
AED 2,176
Typical sale
AED 2.25M
Typical rent
Few contracts
Typical yield
Ocean Point 1, Al Mina: prices, sales and rents →

Other units on the 3rd floor

All 89 units in Ocean Point 1
Value
3011-bedAED 1.79M · May 2024
3021-bedAED 1.75M · May 2024
3033-bedAED 3.3M · May 2024
3042-bedAED 2.48M · May 2024
3051-bedAED 1.7M · May 2024
3061-bedAED 1.66M · Jul 2024
3082-bedAED 2.81M · May 2024
1–7 of 11

307, Ocean Point 1 in numbers

  • Sold once: by the developer on 7 May 2024 for AED 2,565,888, or AED 2,044 per sqft.
  • Two-beds in Ocean Point 1 sold for AED 2,497,888–2,872,888 in the 12 months to November 2026; the building's median across all types is AED 2,176 per sqft.

Source: Dubai Land Department. Updated 7 May 2024.

Questions about 307, Ocean Point 1

What did unit 307 last sell for?

AED 2,565,888 on 7 May 2024, sold by the developer: AED 2,044 per sqft for 1,255 sqft. It is the only registered sale of the unit.

How big is unit 307?

1,255 sqft (116.6 sqm): a two-bedroom apartment on the 3rd floor of a 8-storey tower.

What is unit 307 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Ocean Point 1 sold for AED 2,497,888 to 2,872,888 in the last 12 months, around AED 2,056 per sqft.

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Mortgage on 307, Ocean Point 1

Starts from the last sale price (AED 2.57M, 7 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,565,888
Deposit, UAE resident (20%)
AED 513,178
Deposit, non-resident (40%)
AED 1,026,355
Monthly over 25 years at 3.7%
AED 10,498

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