1-bed · 1,077 sqftOcean Heights Tower, Dubai Marina · 19th floor · completed 2010

1903, Ocean Heights Tower

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

Unit 1903 · DLD and Ejari recordsUpdated 1 July 2019
Last soldAED 1.4M16 June 2016
Current rentAED 85K /yr1 July 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1903, Ocean Heights Tower

What is 1903 worth today?

Last sold for AED 1,400,000 in 2016

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1 Jul 2019RentedNew contract
AED 85,000/yr12 months · AED 79 per sqft
31 May 2018RentedNew contract
AED 90,000/yr12 months · AED 84 per sqft
15 Dec 2017RentedRenewal
AED 95,000/yr3 months · AED 88 per sqft
15 Dec 2016RentedNew contract
AED 75,000/yr12 months · AED 70 per sqft
16 Jun 2016SoldReady
AED 1,400,000AED 1,299 per sqft
15 Mar 2014RentedNew contract
AED 77,000/yr12 months · AED 72 per sqft
20 Jul 2011SoldReady
AED 1,508,495AED 1,400 per sqft
8 Jul 2009Sold by developerOff-plan
AED 1,423,000AED 1,321 per sqft

Source: Dubai Land Department. Updated 1 July 2019.

Key facts

Type
1-bed apartment
Size
1,077 sqft
Floor
19th of 80
Parking
B2-49
Developer
DAMAC
Completed
2010
Service charge
AED 17,600 /yr
Last sold
AED 1.4M · June 2016

About 1903, Ocean Heights Tower

1903 is a one-bedroom apartment of 1,077 sqft on the 19th floor of Ocean Heights Tower, a 80-storey tower in Dubai Marina completed in 2010 by DAMAC. It last sold on 16 June 2016 for AED 1,400,000, or AED 1,299 per sqft, 5% below the AED 1,361 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 1 July 2019, is AED 85,000 a year: a gross yield of 6.1% on the 2016 price, before the service charge of about AED 17,600 a year.

Sales and rents for 1903 over time

Sales
Unit 1903, 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 1,423,000 (AED 1,321 per sqft)Sold, July 2011: AED 1,508,495 (AED 1,400 per sqft)Sold, June 2016: AED 1,400,000 (AED 1,299 per sqft)

1903 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1903, 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, March 2014: AED 77,000 a yearNew contract, December 2016: AED 75,000 a yearRenewal, December 2017: AED 95,000 a yearNew contract, May 2018: AED 90,000 a yearNew contract, July 2019: AED 85,000 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 1903 sits

All 288 1-beds →

1903 last sold in June 2016 at AED 1,299 per sqft, 5% below what one-beds in Ocean Heights Tower were fetching at the time (AED 1,361). 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. 1903's AED 85,000 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 19th floor

All 581 units in Ocean Heights Tower
Value
19013-bedAED 2.29M · Oct 2013
19021-bedAED 825K · Aug 2014
19041-bedAED 1.5M · Aug 2013
19051-bedAED 675K · Jul 2014
19061-bedAED 1.16M · May 2013
19072-bedAED 1.75M · Sep 2016
19082-bedAED 1.66M · May 2011
1–7 of 9

1903, Ocean Heights Tower in numbers

  • Sold 3 times: first on 8 July 2009 for AED 1,423,000, last on 16 June 2016 for AED 1,400,000 (AED 1,299 per sqft).
  • Rented since March 2014 on 5 Ejari contracts, from AED 77,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2016 price is 6.1%, before a service charge of about AED 17,600 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 1 July 2019.

Questions about 1903, Ocean Heights Tower

What did unit 1903 last sell for?

AED 1,400,000 on 16 June 2016: AED 1,299 per sqft for 1,077 sqft. The unit has 3 registered sales; the first was AED 1,423,000 in July 2009.

What is the rent for unit 1903?

AED 85,000 a year on the contract signed on 1 July 2019. The previous contract, from May 2018, was AED 90,000; the unit has been rented since March 2014.

How big is unit 1903?

1,077 sqft (100.1 sqm): a one-bedroom apartment on the 19th floor of a 80-storey tower completed in 2010.

What is unit 1903 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 1903, Ocean Heights Tower

Starts from the last sale price (AED 1.4M, 16 June 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,400,000
Deposit, UAE resident (20%)
AED 280,000
Deposit, non-resident (40%)
AED 560,000
Monthly over 25 years at 3.7%
AED 5,728

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