1-bed · 878 sqftOcean Heights Tower, Dubai Marina · 17th floor · completed 2010

1706, Ocean Heights Tower

Sold prices and rental history: sold 3 times, last in June 2014, and rented once, from August 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1706 · DLD and Ejari recordsUpdated 2 June 2014
Last soldAED 1.36M2 June 2014
Current rentAED 70K /yr7 August 2013
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1706, Ocean Heights Tower

What is 1706 worth today?

Last sold for AED 1,360,000 in 2014

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2 Jun 2014SoldReady
AED 1,360,000AED 1,548 per sqft
7 Aug 2013RentedNew contract
AED 70,000/yr12 months · AED 79 per sqft
14 Jul 2011SoldReady
AED 1,043,280AED 1,188 per sqft
8 Jul 2009Sold by developerOff-plan
AED 1,043,280AED 1,188 per sqft

Source: Dubai Land Department. Updated 2 June 2014.

Key facts

Type
1-bed apartment
Size
878 sqft
Floor
17th of 80
Parking
B2-41
Developer
DAMAC
Completed
2010
Service charge
AED 14,300 /yr
Last sold
AED 1.36M · June 2014

About 1706, Ocean Heights Tower

1706 is a one-bedroom apartment of 878 sqft on the 17th floor of Ocean Heights Tower, a 80-storey tower in Dubai Marina completed in 2010 by DAMAC. It last sold on 2 June 2014 for AED 1,360,000, or AED 1,548 per sqft, in line with the AED 1,546 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 7 August 2013. The current contract, signed on 7 August 2013, is AED 70,000 a year: a gross yield of 5.1% on the 2014 price, before the service charge of about AED 14,300 a year.

Sales and rents for 1706 over time

Sales
Unit 1706, 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 1,043,280 (AED 1,188 per sqft)Sold, July 2011: AED 1,043,280 (AED 1,188 per sqft)Sold, June 2014: AED 1,360,000 (AED 1,548 per sqft)

1706 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1706, 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, August 2013: AED 70,000 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 1706 sits

All 288 1-beds →

1706 last sold in June 2014 at AED 1,548 per sqft, in line with what one-beds in Ocean Heights Tower were fetching at the time (AED 1,546). 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. 1706's AED 70,000 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 17th floor

All 581 units in Ocean Heights Tower
Value
17013-bedAED 1.76M · Apr 2019
17021-bedAED 1.13M · Dec 2011
17031-bedAED 1.45M · Jun 2023
17041-bedAED 1.21M · Oct 2022
17051-bedAED 1.27M · Mar 2015
17072-bedAED 1.34M · May 2011
17082-bedAED 1.8M · Oct 2022
1–7 of 9

1706, Ocean Heights Tower in numbers

  • Sold 3 times: first on 8 July 2009 for AED 1,043,280, last on 2 June 2014 for AED 1,360,000 (AED 1,548 per sqft).
  • Rented since August 2013 on one Ejari contract, at AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2014 price is 5.1%, 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 2 June 2014.

Questions about 1706, Ocean Heights Tower

What did unit 1706 last sell for?

AED 1,360,000 on 2 June 2014: AED 1,548 per sqft for 878 sqft. The unit has 3 registered sales; the first was AED 1,043,280 in July 2009.

What is the rent for unit 1706?

AED 70,000 a year on the contract signed on 7 August 2013.

How big is unit 1706?

878 sqft (81.6 sqm): a one-bedroom apartment on the 17th floor of a 80-storey tower completed in 2010.

What is unit 1706 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 1706, Ocean Heights Tower

Starts from the last sale price (AED 1.36M, 2 June 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,360,000
Deposit, UAE resident (20%)
AED 272,000
Deposit, non-resident (40%)
AED 544,000
Monthly over 25 years at 3.7%
AED 5,564

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