1501, Ocean Heights Tower
Sold prices and rental history: sold twice, last in May 2011, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1501, Ocean Heights Tower
What is 1501 worth today?
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Source: Dubai Land Department. Updated 15 September 2022.
Key facts
- Type
- 3-bed apartment
- Size
- 1,621 sqft
- Floor
- 15th of 80
- Parking
- B1-76
- Developer
- DAMAC
- Completed
- 2010
- Service charge
- AED 26,500 /yr
- Last sold
- AED 1.71M · May 2011
- Building
- Ocean Heights Tower
About 1501, Ocean Heights Tower
1501 is a three-bedroom apartment of 1,621 sqft on the 15th floor of Ocean Heights Tower, a 80-storey tower in Dubai Marina completed in 2010 by DAMAC. It last sold on 29 May 2011 for AED 1,708,000, or AED 1,053 per sqft, 44% below the AED 1,889 three-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, signed on 15 September 2022, is AED 145,000 a year: a gross yield of 8.5% on the 2011 price, before the service charge of about AED 26,500 a year.
Sales and rents for 1501 over time
1501 has sold twice; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Ocean Heights Tower, and where 1501 sits
All 72 3-beds →1501 last sold in May 2011 at AED 1,053 per sqft, 44% below what three-beds in Ocean Heights Tower were fetching at the time (AED 1,889). Over the last 12 months three-beds sold for AED 1,500,000 to 3,938,750, around AED 1,770 per sqft, and rent for AED 150,000 to 246,750 a year. 1501's AED 145,000 is at the bottom of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Oct 202622 October 2026 | 1,791 sqft | 2,800,000 | 1,563 | ||
| 13 Oct 202613 October 2026 | 1,761 sqft | 2,800,000 | 1,590 | ||
| 6 Oct 20266 October 2026 | 847 sqft | 1,500,000 | 1,770 | ||
| 1 Oct 20261 October 2026 | 1,708 sqft | 2,741,952 | 1,605 |
Ocean Heights Tower
Building581 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%
Other units on the 15th floor
All 581 units in Ocean Heights Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1502 | 1-bed | 1,110 sqft | AED 2.08MAED 2,076,000 · Apr 2011April 2011 | 88,000 /yr | |
| 1503 | 1-bed | 1,062 sqft | AED 1.5MAED 1,500,000 · Feb 2026February 2026 | 120,000 /yr | |
| 1504 | 1-bed | 1,185 sqft | AED 1.15MAED 1,149,000 · May 2011May 2011 | 100,000 /yr | |
| 1505 | 1-bed | 881 sqft | AED 1.44MAED 1,435,000 · Jan 2025January 2025 | 100,000 /yr | |
| 1506 | 1-bed | 878 sqft | AED 1.35MAED 1,350,000 · Nov 2017November 2017 | 97,500 /yr | |
| 1507 | 2-bed | 1,329 sqft | AED 2.11MAED 2,106,000 · Oct 2011October 2011 | 130,000 /yr | |
| 1508 | 2-bed | 1,286 sqft | AED 1.88MAED 1,884,000 · Oct 2013October 2013 | 122,500 /yr | |
| 1509 | 3-bed | 1,573 sqft | AED 1.54MAED 1,536,000 · Sep 2012September 2012 | 170,000 /yr | |
| 1510 | 1-bed | 941 sqft | AED 1.2MAED 1,200,000 · Dec 2012December 2012 | 90,000 /yr |
1501, Ocean Heights Tower in numbers
- Sold twice: first on 10 June 2009 for AED 1,708,000, last on 29 May 2011 for AED 1,708,000 (AED 1,053 per sqft).
- Rented since June 2013 on 8 Ejari contracts. The rent fell from AED 121,000 to AED 105,000 in 2021 and recovered to AED 145,000 by September 2022.
- At AED 145,000 a year the gross yield on the 2011 price is 8.5%, before a service charge of about AED 26,500 a year (AED 16.32 per sqft).
- Three-beds in Ocean Heights Tower sold for AED 1,500,000–3,938,750 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 15 September 2022.
Questions about 1501, Ocean Heights Tower
What did unit 1501 last sell for?
AED 1,708,000 on 29 May 2011: AED 1,053 per sqft for 1,621 sqft. The unit has 2 registered sales; the first was AED 1,708,000 in June 2009.
What is the rent for unit 1501?
AED 145,000 a year on the contract signed on 15 September 2022. The previous contract, from February 2021, was AED 105,000; the unit has been rented since June 2013.
How big is unit 1501?
1,621 sqft (150.6 sqm): a three-bedroom apartment on the 15th floor of a 80-storey tower completed in 2010.
What is unit 1501 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Ocean Heights Tower sold for AED 1,500,000 to 3,938,750 in the last 12 months, around AED 1,770 per sqft.
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Mortgage on 1501, Ocean Heights Tower
Starts from the last sale price (AED 1.71M, 29 May 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 1,708,000
- Deposit, UAE resident (20%)
- AED 341,600
- Deposit, non-resident (40%)
- AED 683,200
- Monthly over 25 years at 3.7%
- AED 6,988
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →