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2-bed · 1,256 sqftOcean Point 2, Al Mina · 1st floor

118, Ocean Point 2

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 118 · DLD and Ejari recordsUpdated 6 May 2024
Last soldAED 2.56M6 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 118, Ocean Point 2

What is 118 worth today?

Last sold for AED 2,558,888 in 2024

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6 May 2024Sold by developerOff-plan
AED 2,558,888AED 2,036 per sqft

Source: Dubai Land Department. Updated 6 May 2024.

Key facts

Type
2-bed apartment
Size
1,256 sqft
Floor
1st of 8
Parking
1
Last sold
AED 2.56M · May 2024
Building
Ocean Point 2

About 118, Ocean Point 2

118 is a two-bedroom apartment of 1,256 sqft on the 1st floor of Ocean Point 2, a 8-storey tower in Al Mina. The developer sold it on 6 May 2024 for AED 2,558,888, or AED 2,036 per sqft, 4% above the AED 1,962 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

2-beds in Ocean Point 2, and where 118 sits

All 56 2-beds →

118 last sold in May 2024 at AED 2,036 per sqft, 4% above what two-beds in Ocean Point 2 were fetching at the time (AED 1,962). Over the last 12 months two-beds sold for AED 2,325,000, around AED 1,850 per sqft.

Recent 2-bed salesUnit no.Price (AED)Summary
16 Dec 20252,325,000
19 May 20252,608,000
11 Jun 20242,451,888
11 Jun 20242,436,888
1 2-bed sale in the last 12 months

Ocean Point 2

Building

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

Typical price per sqft
AED 2,112
Typical sale
AED 1.95M
Typical rent
Few contracts
Typical yield
Ocean Point 2, Al Mina: prices, sales and rents →

Other units on the 1st floor

All 120 units in Ocean Point 2
Value
1011-bedAED 1.84M · May 2024
1021-bedAED 1.83M · May 2024
1033-bedAED 3.48M · May 2024
1042-bedAED 2.47M · May 2024
1052-bedAED 2.39M · May 2024
1062-bedAED 2.44M · Jun 2024
1072-bedAED 2.43M · May 2024
1–7 of 18

118, Ocean Point 2 in numbers

  • Sold once: by the developer on 6 May 2024 for AED 2,558,888, or AED 2,036 per sqft.
  • Two-beds in Ocean Point 2 sold for AED 2,325,000–2,325,000 in the 12 months to November 2026; the building's median across all types is AED 2,112 per sqft.

Source: Dubai Land Department. Updated 6 May 2024.

Questions about 118, Ocean Point 2

What did unit 118 last sell for?

AED 2,558,888 on 6 May 2024, sold by the developer: AED 2,036 per sqft for 1,256 sqft. It is the only registered sale of the unit.

How big is unit 118?

1,256 sqft (116.7 sqm): a two-bedroom apartment on the 1st floor of a 8-storey tower.

What is unit 118 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 2 sold for AED 2,325,000 to 2,325,000 in the last 12 months, around AED 1,850 per sqft.

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Mortgage on 118, Ocean Point 2

Starts from the last sale price (AED 2.56M, 6 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,558,888
Deposit, UAE resident (20%)
AED 511,778
Deposit, non-resident (40%)
AED 1,023,555
Monthly over 25 years at 3.7%
AED 10,469

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