1-bed · 1,193 sqftOcean Heights Tower, Dubai Marina · 14th floor · completed 2010

1404, Ocean Heights Tower

Sold prices and rental history: sold 3 times, last in September 2016, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1404 · DLD and Ejari recordsUpdated 5 September 2016
Last soldAED 1.5M5 September 2016
Current rentAED 105K /yr15 April 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1404, Ocean Heights Tower

What is 1404 worth today?

Last sold for AED 1,500,000 in 2016

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

5 Sep 2016SoldReady
AED 1,500,000AED 1,257 per sqft
15 Apr 2015RentedNew contract
AED 105,000/yr12 months · AED 88 per sqft
15 Apr 2014RentedNew contract
AED 105,000/yr12 months · AED 88 per sqft
1 Oct 2013SoldReady
AED 1,147,000AED 961 per sqft
8 Jul 2009Sold by developerOff-plan
AED 1,147,000AED 961 per sqft

Source: Dubai Land Department. Updated 5 September 2016.

Key facts

Type
1-bed apartment
Size
1,193 sqft
Floor
14th of 80
Parking
B2-23
Developer
DAMAC
Completed
2010
Service charge
AED 19,500 /yr
Last sold
AED 1.5M · September 2016

About 1404, Ocean Heights Tower

1404 is a one-bedroom apartment of 1,193 sqft on the 14th floor of Ocean Heights Tower, a 80-storey tower in Dubai Marina completed in 2010 by DAMAC. It last sold on 5 September 2016 for AED 1,500,000, or AED 1,257 per sqft, 6% below the AED 1,339 one-beds in the building were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, signed on 15 April 2015, is AED 105,000 a year: a gross yield of 7.0% on the 2016 price, before the service charge of about AED 19,500 a year.

Sales and rents for 1404 over time

Sales
Unit 1404, 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 1,147,000 (AED 961 per sqft)Sold, October 2013: AED 1,147,000 (AED 961 per sqft)Sold, September 2016: AED 1,500,000 (AED 1,257 per sqft)

1404 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1404, 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, April 2014: AED 105,000 a yearNew contract, April 2015: AED 105,000 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 1404 sits

All 288 1-beds →

1404 last sold in September 2016 at AED 1,257 per sqft, 6% below what one-beds in Ocean Heights Tower were fetching at the time (AED 1,339). 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. 1404's AED 105,000 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 14th floor

All 581 units in Ocean Heights Tower
Value
14013-bedAED 3.28M · Jul 2011
14021-bedAED 1.37M · May 2011
14031-bedAED 1.48M · Apr 2011
14051-bedAED 863K · Jul 2011
14061-bedAED 2.39M · Dec 2011
14072-bedAED 1.1M · Jun 2021
14082-bedAED 2.36M · Dec 2011
1–7 of 9

1404, Ocean Heights Tower in numbers

  • Sold 3 times: first on 8 July 2009 for AED 1,147,000, last on 5 September 2016 for AED 1,500,000 (AED 1,257 per sqft).
  • Rented since April 2014 on 2 Ejari contracts, at AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2016 price is 7.0%, before a service charge of about AED 19,500 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 5 September 2016.

Questions about 1404, Ocean Heights Tower

What did unit 1404 last sell for?

AED 1,500,000 on 5 September 2016: AED 1,257 per sqft for 1,193 sqft. The unit has 3 registered sales; the first was AED 1,147,000 in July 2009.

What is the rent for unit 1404?

AED 105,000 a year on the contract signed on 15 April 2015. The previous contract, from April 2014, was AED 105,000.

How big is unit 1404?

1,193 sqft (110.8 sqm): a one-bedroom apartment on the 14th floor of a 80-storey tower completed in 2010.

What is unit 1404 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.

Selling 1404? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1404, Ocean Heights Tower

Starts from the last sale price (AED 1.5M, 5 September 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,500,000
Deposit, UAE resident (20%)
AED 300,000
Deposit, non-resident (40%)
AED 600,000
Monthly over 25 years at 3.7%
AED 6,137

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