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3-bed · 1,608 sqftOcean Point 1, Al Mina · 5th floor

503, 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 503 · DLD and Ejari recordsUpdated 6 May 2024
Last soldAED 3.35M6 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 503, Ocean Point 1

What is 503 worth today?

Last sold for AED 3,346,888 in 2024

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6 May 2024Sold by developerOff-plan
AED 3,346,888AED 2,081 per sqft

Source: Dubai Land Department. Updated 6 May 2024.

Key facts

Type
3-bed apartment
Size
1,608 sqft
Floor
5th of 8
Parking
2
Last sold
AED 3.35M · May 2024
Building
Ocean Point 1

About 503, Ocean Point 1

503 is a three-bedroom apartment of 1,608 sqft on the 5th floor of Ocean Point 1, a 8-storey tower in Al Mina. The developer sold it on 6 May 2024 for AED 3,346,888, or AED 2,081 per sqft, in line with the AED 2,077 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

3-beds in Ocean Point 1, and where 503 sits

All 14 3-beds →

503 last sold in May 2024 at AED 2,081 per sqft, in line with what three-beds in Ocean Point 1 were fetching at the time (AED 2,077). Over the last 12 months three-beds sold for AED 3,384,888 to 3,416,888, around AED 2,115 per sqft.

Recent 3-bed salesUnit no.Price (AED)Summary
10 Mar 20263,384,888
10 Mar 20263,416,888
9 May 20243,479,888
9 May 20243,378,888
2 3-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 5th floor

All 89 units in Ocean Point 1
Value
5011-bedAED 1.79M · May 2024
5021-bedAED 1.75M · May 2024
5042-bedAED 2.49M · May 2024
5051-bedAED 1.71M · May 2024
5061-bedAED 1.67M · May 2024
5072-bedAED 2.58M · May 2024
5082-bedAED 2.82M · May 2024
1–7 of 11

503, Ocean Point 1 in numbers

  • Sold once: by the developer on 6 May 2024 for AED 3,346,888, or AED 2,081 per sqft.
  • Three-beds in Ocean Point 1 sold for AED 3,384,888–3,416,888 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 6 May 2024.

Questions about 503, Ocean Point 1

What did unit 503 last sell for?

AED 3,346,888 on 6 May 2024, sold by the developer: AED 2,081 per sqft for 1,608 sqft. It is the only registered sale of the unit.

How big is unit 503?

1,608 sqft (149.4 sqm): a three-bedroom apartment on the 5th floor of a 8-storey tower.

What is unit 503 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Ocean Point 1 sold for AED 3,384,888 to 3,416,888 in the last 12 months, around AED 2,115 per sqft.

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Mortgage on 503, Ocean Point 1

Starts from the last sale price (AED 3.35M, 6 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,346,888
Deposit, UAE resident (20%)
AED 669,378
Deposit, non-resident (40%)
AED 1,338,755
Monthly over 25 years at 3.7%
AED 13,693

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