1-bed · 1,071 sqftOcean Heights Tower, Dubai Marina · 22nd floor · completed 2010

2203, Ocean Heights Tower

Sold prices and rental history: sold 4 times, last in March 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2203 · DLD and Ejari recordsUpdated 8 August 2024
Last soldAED 1.05M31 March 2022
Current rentAED 97K /yr8 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2203, Ocean Heights Tower

What is 2203 worth today?

Last sold for AED 1,050,000 in 2022

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8 Aug 2024RentedNew contract
AED 97,000/yr12 months · AED 90 per sqft
8 Aug 2024RentedNew contract
AED 97,000/yr12 months · AED 90 per sqft
18 Jul 2023RentedRenewal
AED 90,000/yr12 months · AED 84 per sqft
16 Jul 2022RentedNew contract
AED 79,572/yr12 months · AED 74 per sqft
31 Mar 2022SoldReady
AED 1,050,000AED 980 per sqft
15 Jul 2020RentedNew contract
AED 62,000/yr12 months · AED 58 per sqft
20 May 2020RentedRenewal
AED 60,000/yr2 months · AED 56 per sqft
20 Mar 2020RentedRenewal
AED 60,000/yr2 months · AED 56 per sqft

Source: Dubai Land Department. Updated 8 August 2024.

Key facts

Type
1-bed apartment
Size
1,071 sqft
Floor
22nd of 80
Parking
B3-4
Developer
DAMAC
Completed
2010
Service charge
AED 17,500 /yr
Last sold
AED 1.05M · March 2022

About 2203, Ocean Heights Tower

2203 is a one-bedroom apartment of 1,071 sqft on the 22nd floor of Ocean Heights Tower, a 80-storey tower in Dubai Marina completed in 2010 by DAMAC. It last sold on 31 March 2022 for AED 1,050,000, or AED 980 per sqft, in line with the AED 999 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, signed on 8 August 2024, is AED 97,000 a year: a gross yield of 9.2% on the 2022 price, before the service charge of about AED 17,500 a year.

Sales and rents for 2203 over time

Sales
Unit 2203, 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 1,534,000 (AED 1,432 per sqft)Sold, May 2011: AED 1,534,000 (AED 1,432 per sqft)Sold, August 2014: AED 1,710,000 (AED 1,596 per sqft)Sold, March 2022: AED 1,050,000 (AED 980 per sqft)

2203 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2203, each contractTypical one-bed in Ocean Heights Tower
75K100K2012201620202024Typical 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, June 2013: AED 70,000 a yearNew contract, September 2014: AED 115,000 a yearNew contract, September 2016: AED 115,000 a yearRenewal, March 2019: AED 87,500 a yearRenewal, March 2020: AED 60,000 a yearRenewal, May 2020: AED 60,000 a yearNew contract, July 2020: AED 62,000 a yearNew contract, July 2022: AED 79,572 a yearRenewal, July 2023: AED 90,000 a yearNew contract, August 2024: AED 97,000 a yearNew contract, August 2024: AED 97,000 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 2203 sits

All 288 1-beds →

2203 last sold in March 2022 at AED 980 per sqft, in line with what one-beds in Ocean Heights Tower were fetching at the time (AED 999). 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. 2203's AED 97,000 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 22nd floor

All 581 units in Ocean Heights Tower
Value
22013-bedAED 2.8M · Jul 2024
22021-bedAED 1.45M · Apr 2011
22041-bedAED 1.34M · Dec 2011
22051-bedAED 1.07M · Jun 2011
22061-bedAED 1.23M · Aug 2011
22072-bedAED 2.4M · Aug 2011
22082-bedAED 1.8M · May 2023
1–7 of 8

2203, Ocean Heights Tower in numbers

  • Sold 4 times: first on 8 July 2009 for AED 1,534,000, last on 31 March 2022 for AED 1,050,000 (AED 980 per sqft).
  • Rented since June 2013 on 11 Ejari contracts. The rent fell from AED 70,000 to AED 60,000 in 2020 and recovered to AED 97,000 by August 2024.
  • At AED 97,000 a year the gross yield on the 2022 price is 9.2%, before a service charge of about AED 17,500 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 8 August 2024.

Questions about 2203, Ocean Heights Tower

What did unit 2203 last sell for?

AED 1,050,000 on 31 March 2022: AED 980 per sqft for 1,071 sqft. The unit has 4 registered sales; the first was AED 1,534,000 in July 2009.

What is the rent for unit 2203?

AED 97,000 a year on the contract signed on 8 August 2024. The previous contract, from August 2024, was AED 97,000; the unit has been rented since June 2013.

How big is unit 2203?

1,071 sqft (99.5 sqm): a one-bedroom apartment on the 22nd floor of a 80-storey tower completed in 2010.

What is unit 2203 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 2203, Ocean Heights Tower

Starts from the last sale price (AED 1.05M, 31 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,050,000
Deposit, UAE resident (20%)
AED 210,000
Deposit, non-resident (40%)
AED 420,000
Monthly over 25 years at 3.7%
AED 4,296

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