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1-bed · 1,183 sqftOcean Heights Tower, Dubai Marina · 11th floor · completed 2010

11A04, Ocean Heights Tower

Sold prices and rental history: sold 6 times, last in May 2017, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 11A04 · DLD and Ejari recordsUpdated 25 July 2024
Last soldAED 1.25M10 May 2017
Current rentAED 79K /yr25 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 11A04, Ocean Heights Tower

What is 11A04 worth today?

Last sold for AED 1,250,000 in 2017

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25 Jul 2024RentedRenewal
AED 78,540/yr12 months · AED 66 per sqft
25 Jul 2024RentedRenewal
AED 78,540/yr12 months · AED 66 per sqft
25 Jul 2023RentedRenewal
AED 71,400/yr12 months · AED 60 per sqft
25 Jul 2022RentedRenewal
AED 71,400/yr12 months · AED 60 per sqft
25 Jul 2021RentedNew contract
AED 71,000/yr12 months · AED 60 per sqft
25 Jul 2020RentedRenewal
AED 71,000/yr12 months · AED 60 per sqft
25 Jul 2019RentedNew contract
AED 74,000/yr12 months · AED 62 per sqft
1 Jun 2018RentedNew contract
AED 85,000/yr12 months · AED 72 per sqft

Source: Dubai Land Department. Updated 25 July 2024.

Key facts

Type
1-bed apartment
Size
1,183 sqft
Floor
11th of 80
Parking
B2-13
Developer
DAMAC
Completed
2010
Service charge
AED 19,300 /yr
Last sold
AED 1.25M · May 2017
Building
Ocean Heights Tower

About 11A04, Ocean Heights Tower

11A04 is a one-bedroom apartment of 1,183 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 10 May 2017 for AED 1,250,000, or AED 1,056 per sqft, 23% below the AED 1,375 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 12 Ejari contracts. The current contract, renewed on 25 July 2024, is AED 78,540 a year: a gross yield of 6.3% on the 2017 price, before the service charge of about AED 19,300 a year.

Sales and rents for 11A04 over time

Sales
Unit 11A04, each saleTypical one-bed in Ocean Heights Tower
1M2M3M2009201420192024Typical 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, December 2009: AED 2,889,000 (AED 2,442 per sqft)Sold, October 2011: AED 1,000,000 (AED 845 per sqft)Sold, October 2011: AED 2,889,000 (AED 2,442 per sqft)Sold, June 2012: AED 900,000 (AED 760 per sqft)Sold, November 2012: AED 1,100,000 (AED 929 per sqft)Sold, May 2017: AED 1,250,000 (AED 1,056 per sqft)

11A04 has sold 6 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 11A04, 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, July 2014: AED 100,000 a yearNew contract, November 2015: AED 105,000 a yearRenewal, November 2016: AED 104,000 a yearNew contract, November 2017: AED 104,000 a yearNew contract, June 2018: AED 85,000 a yearNew contract, July 2019: AED 74,000 a yearRenewal, July 2020: AED 71,000 a yearNew contract, July 2021: AED 71,000 a yearRenewal, July 2022: AED 71,400 a yearRenewal, July 2023: AED 71,400 a yearRenewal, July 2024: AED 78,540 a yearRenewal, July 2024: AED 78,540 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 11A04 sits

All 288 1-beds →

11A04 last sold in May 2017 at AED 1,056 per sqft, 23% below what one-beds in Ocean Heights Tower were fetching at the time (AED 1,375). 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. 11A04's AED 78,540 is in the lower half 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
11061-bedAED 910K · May 2011
11072-bedAED 1.5M · Jul 2023
1–7 of 19

11A04, Ocean Heights Tower in numbers

  • Sold 6 times: first on 5 December 2009 for AED 2,889,000, last on 10 May 2017 for AED 1,250,000 (AED 1,056 per sqft).
  • Rented since July 2014 on 12 Ejari contracts. The rent fell from AED 100,000 to AED 71,000 in 2021 and recovered to AED 78,540 by July 2024.
  • At AED 78,540 a year the gross yield on the 2017 price is 6.3%, before a service charge of about AED 19,300 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 25 July 2024.

Questions about 11A04, Ocean Heights Tower

What did unit 11A04 last sell for?

AED 1,250,000 on 10 May 2017: AED 1,056 per sqft for 1,183 sqft. The unit has 6 registered sales; the first was AED 2,889,000 in December 2009.

What is the rent for unit 11A04?

AED 78,540 a year on the contract renewed on 25 July 2024. The previous contract, from July 2024, was AED 78,540; the unit has been rented since July 2014.

How big is unit 11A04?

1,183 sqft (109.9 sqm): a one-bedroom apartment on the 11th floor of a 80-storey tower completed in 2010.

What is unit 11A04 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 11A04, Ocean Heights Tower

Starts from the last sale price (AED 1.25M, 10 May 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,250,000
Deposit, UAE resident (20%)
AED 250,000
Deposit, non-resident (40%)
AED 500,000
Monthly over 25 years at 3.7%
AED 5,114

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