1-bed · 1,164 sqftOcean Heights Tower, Dubai Marina · 23rd floor · completed 2010

2304, Ocean Heights Tower

Sold prices and rental history: sold twice, last in April 2015, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2304 · DLD and Ejari recordsUpdated 17 January 2023
Last soldAED 1.38M19 April 2015
Current rentAED 68K /yr17 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2304, Ocean Heights Tower

What is 2304 worth today?

Last sold for AED 1,375,000 in 2015

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17 Jan 2023RentedRenewal
AED 68,250/yr12 months · AED 59 per sqft
17 Jan 2022RentedRenewal
AED 65,000/yr12 months · AED 56 per sqft
17 Jan 2021RentedRenewal
AED 65,000/yr12 months · AED 56 per sqft
17 Jan 2020RentedRenewal
AED 65,000/yr12 months · AED 56 per sqft
17 Jan 2019RentedNew contract
AED 78,000/yr12 months · AED 67 per sqft
7 Feb 2018RentedNew contract
AED 90,000/yr12 months · AED 77 per sqft
15 Dec 2016RentedRenewal
AED 115,000/yr12 months · AED 99 per sqft
15 Dec 2015RentedRenewal
AED 115,000/yr12 months · AED 99 per sqft

Source: Dubai Land Department. Updated 17 January 2023.

Key facts

Type
1-bed apartment
Size
1,164 sqft
Floor
23rd of 80
Parking
G17
Developer
DAMAC
Completed
2010
Service charge
AED 19,000 /yr
Last sold
AED 1.38M · April 2015

About 2304, Ocean Heights Tower

2304 is a one-bedroom apartment of 1,164 sqft on the 23rd floor of Ocean Heights Tower, a 80-storey tower in Dubai Marina completed in 2010 by DAMAC. It last sold on 19 April 2015 for AED 1,375,000, or AED 1,181 per sqft, 24% below the AED 1,559 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 17 January 2023, is AED 68,250 a year: a gross yield of 5.0% on the 2015 price, before the service charge of about AED 19,000 a year.

Sales and rents for 2304 over time

Sales
Unit 2304, each saleTypical one-bed in Ocean Heights Tower
1M2M2009201420192024Typical 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, January 2011: AED 2,524,000 (AED 2,168 per sqft)Sold, April 2015: AED 1,375,000 (AED 1,181 per sqft)

2304 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2304, 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, December 2013: AED 115,000 a yearNew contract, December 2014: AED 115,000 a yearRenewal, December 2015: AED 115,000 a yearRenewal, December 2016: AED 115,000 a yearNew contract, February 2018: AED 90,000 a yearNew contract, January 2019: AED 78,000 a yearRenewal, January 2020: AED 65,000 a yearRenewal, January 2021: AED 65,000 a yearRenewal, January 2022: AED 65,000 a yearRenewal, January 2023: AED 68,250 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 2304 sits

All 288 1-beds →

2304 last sold in April 2015 at AED 1,181 per sqft, 24% below what one-beds in Ocean Heights Tower were fetching at the time (AED 1,559). 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. 2304's AED 68,250 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 23rd floor

All 581 units in Ocean Heights Tower
Value
23013-bedAED 3.3M · Feb 2013
23021-bedAED 1.43M · Feb 2024
23031-bedAED 1.54M · Aug 2011
23051-bedAED 1.23M · Nov 2023
23061-bedAED 1.53M · Aug 2011
23072-bedAED 2.11M · Jul 2011
23082-bedAED 1.65M · May 2012
1–7 of 8

2304, Ocean Heights Tower in numbers

  • Sold twice: first on 23 January 2011 for AED 2,524,000, last on 19 April 2015 for AED 1,375,000 (AED 1,181 per sqft).
  • Rented since December 2013 on 10 Ejari contracts, from AED 115,000 to AED 68,250 a year.
  • At AED 68,250 a year the gross yield on the 2015 price is 5.0%, before a service charge of about AED 19,000 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 17 January 2023.

Questions about 2304, Ocean Heights Tower

What did unit 2304 last sell for?

AED 1,375,000 on 19 April 2015: AED 1,181 per sqft for 1,164 sqft. The unit has 2 registered sales; the first was AED 2,524,000 in January 2011.

What is the rent for unit 2304?

AED 68,250 a year on the contract renewed on 17 January 2023. The previous contract, from January 2022, was AED 65,000; the unit has been rented since December 2013.

How big is unit 2304?

1,164 sqft (108.1 sqm): a one-bedroom apartment on the 23rd floor of a 80-storey tower completed in 2010.

What is unit 2304 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 2304, Ocean Heights Tower

Starts from the last sale price (AED 1.38M, 19 April 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,375,000
Deposit, UAE resident (20%)
AED 275,000
Deposit, non-resident (40%)
AED 550,000
Monthly over 25 years at 3.7%
AED 5,626

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