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1-bed · 878 sqftOcean Heights Tower, Dubai Marina · 11th floor · completed 2010

1106, Ocean Heights Tower

Sold prices and rental history: sold twice, last in May 2011, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1106 · DLD and Ejari recordsUpdated 8 August 2021
Last soldAED 910K25 May 2011
Current rentAED 65K /yr8 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1106, Ocean Heights Tower

What is 1106 worth today?

Last sold for AED 910,000 in 2011

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8 Aug 2021RentedNew contract
AED 65,000/yr12 months · AED 74 per sqft
9 Jun 2019RentedRenewal
AED 80,000/yr12 months · AED 91 per sqft
9 Jun 2018RentedNew contract
AED 80,000/yr12 months · AED 91 per sqft
4 Aug 2016RentedNew contract
AED 95,000/yr12 months · AED 108 per sqft
14 Jun 2014RentedNew contract
AED 95,000/yr12 months · AED 108 per sqft
25 May 2011SoldReady
AED 910,000AED 1,036 per sqft
8 Jul 2009Sold by developerOff-plan
AED 910,000AED 1,036 per sqft

Source: Dubai Land Department. Updated 8 August 2021.

Key facts

Type
1-bed apartment
Size
878 sqft
Floor
11th of 80
Parking
B2-7
Developer
DAMAC
Completed
2010
Service charge
AED 14,300 /yr
Last sold
AED 910K · May 2011
Building
Ocean Heights Tower

About 1106, Ocean Heights Tower

1106 is a one-bedroom apartment of 878 sqft on the 11th floor of Ocean Heights Tower, a 80-storey tower in Dubai Marina completed in 2010 by DAMAC. It last sold on 25 May 2011 for AED 910,000, or AED 1,036 per sqft, 20% below the AED 1,301 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, signed on 8 August 2021, is AED 65,000 a year: a gross yield of 7.1% on the 2011 price, before the service charge of about AED 14,300 a year.

Sales and rents for 1106 over time

Sales
Unit 1106, each saleTypical one-bed in Ocean Heights Tower
1M1.5M2009201420192024Typical sale price by year: 2009 AED 1,242,000; 2010 AED 1,725,700; 2011 AED 1,211,000; 2012 AED 1,115,184; 2013 AED 1,340,000; 2014 AED 1,560,000; 2015 AED 1,320,000; 2016 AED 1,370,000; 2017 AED 1,300,000; 2018 AED 1,237,500; 2019 AED 928,000; 2020 AED 750,000; 2021 AED 930,000; 2022 AED 1,150,000; 2023 AED 1,300,000; 2024 AED 1,380,000; 2025 AED 1,405,000; 2026 AED 1,625,000Sold by developer, July 2009: AED 910,000 (AED 1,036 per sqft)Sold, May 2011: AED 910,000 (AED 1,036 per sqft)

1106 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1106, each contractTypical one-bed in Ocean Heights Tower
60K80K100K2012201620202024Typical rent by year: 2012 AED 70,000; 2013 AED 80,000; 2014 AED 95,000; 2015 AED 105,000; 2016 AED 101,535; 2017 AED 95,000; 2018 AED 87,500; 2019 AED 78,579; 2020 AED 65,000; 2021 AED 65,000; 2022 AED 73,500; 2023 AED 89,759; 2024 AED 95,000; 2025 AED 95,000; 2026 AED 90,000New contract, June 2014: AED 95,000 a yearNew contract, August 2016: AED 95,000 a yearNew contract, June 2018: AED 80,000 a yearRenewal, June 2019: AED 80,000 a yearNew contract, August 2021: AED 65,000 a year

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

1-beds in Ocean Heights Tower, and where 1106 sits

All 288 1-beds →

1106 last sold in May 2011 at AED 1,036 per sqft, 20% below what one-beds in Ocean Heights Tower were fetching at the time (AED 1,301). Over the last 12 months one-beds sold for AED 1,253,115 to 2,800,000, around AED 1,651 per sqft, and rent for AED 66,000 to 175,000 a year. 1106's AED 65,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
4 Aug 20262,800,000
24 Jul 20261,300,000
14 Jul 20261,253,115
11 Jun 20262,030,000
10 1-bed sales in the last 12 months

Ocean Heights Tower

Building

581 apartments, 1-bed to 5-bed over 80 floors in Dubai Marina, completed in 2010 by DAMAC. 27 sold in the last 12 months.

Typical price per sqft
AED 1,609 Up 8.6%
Typical sale
AED 2.1M
Typical rent
AED 105K /yr
Typical yield
5.7%
Ocean Heights Tower, Dubai Marina: prices, sales and rents →

Other units on the 11th floor

All 581 units in Ocean Heights Tower
Value
11013-bedAED 2.25M · Jul 2024
11021-bedAED 1M · Jul 2022
11031-bedAED 1.4M · Oct 2013
11041-bedAED 1.11M · May 2011
11051-bedAED 1.33M · Feb 2017
11072-bedAED 1.5M · Jul 2023
11082-bedAED 1.97M · Dec 2011
1–7 of 19

1106, Ocean Heights Tower in numbers

  • Sold twice: first on 8 July 2009 for AED 910,000, last on 25 May 2011 for AED 910,000 (AED 1,036 per sqft).
  • Rented since June 2014 on 5 Ejari contracts, from AED 95,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2011 price is 7.1%, before a service charge of about AED 14,300 a year (AED 16.32 per sqft).
  • One-beds in Ocean Heights Tower sold for AED 1,253,115–2,800,000 in the 12 months to November 2026; the building's median across all types is AED 1,609 per sqft.

Source: Dubai Land Department. Updated 8 August 2021.

Questions about 1106, Ocean Heights Tower

What did unit 1106 last sell for?

AED 910,000 on 25 May 2011: AED 1,036 per sqft for 878 sqft. The unit has 2 registered sales; the first was AED 910,000 in July 2009.

What is the rent for unit 1106?

AED 65,000 a year on the contract signed on 8 August 2021. The previous contract, from June 2019, was AED 80,000; the unit has been rented since June 2014.

How big is unit 1106?

878 sqft (81.6 sqm): a one-bedroom apartment on the 11th floor of a 80-storey tower completed in 2010.

What is unit 1106 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Ocean Heights Tower sold for AED 1,253,115 to 2,800,000 in the last 12 months, around AED 1,651 per sqft.

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Mortgage on 1106, Ocean Heights Tower

Starts from the last sale price (AED 910K, 25 May 2011). Switch to today's estimate once you have unlocked it.
Price
AED 910,000
Deposit, UAE resident (20%)
AED 182,000
Deposit, non-resident (40%)
AED 364,000
Monthly over 25 years at 3.7%
AED 3,723

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