1-bed · 879 sqftOcean Heights Tower, Dubai Marina · 23rd floor · completed 2010

2306, Ocean Heights Tower

Sold prices and rental history: sold twice, last in August 2011, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2306 · DLD and Ejari recordsUpdated 15 October 2024
Last soldAED 1.53M18 August 2011
Current rentAED 95K /yr15 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2306, Ocean Heights Tower

What is 2306 worth today?

Last sold for AED 1,531,000 in 2011

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15 Oct 2024RentedNew contract
AED 95,000/yr12 months · AED 108 per sqft
15 Oct 2024RentedNew contract
AED 95,000/yr12 months · AED 108 per sqft
28 Aug 2023RentedNew contract
AED 95,000/yr12 months · AED 108 per sqft
29 Jul 2022RentedNew contract
AED 85,000/yr12 months · AED 96 per sqft
1 Dec 2021RentedRenewal
AED 53,000/yr6 months · AED 60 per sqft
1 Dec 2020RentedNew contract
AED 53,000/yr12 months · AED 60 per sqft
14 Oct 2018RentedNew contract
AED 78,000/yr12 months · AED 88 per sqft
17 Feb 2018RentedRenewal
AED 115,000/yr12 months · AED 130 per sqft

Source: Dubai Land Department. Updated 15 October 2024.

Key facts

Type
1-bed apartment
Size
879 sqft
Floor
23rd of 80
Parking
B3-9
Developer
DAMAC
Completed
2010
Service charge
AED 14,300 /yr
Last sold
AED 1.53M · August 2011

About 2306, Ocean Heights Tower

2306 is a one-bedroom apartment of 879 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 18 August 2011 for AED 1,531,000, or AED 1,741 per sqft, 38% above the AED 1,266 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 11 Ejari contracts. The current contract, signed on 15 October 2024, is AED 95,000 a year: a gross yield of 6.2% on the 2011 price, before the service charge of about AED 14,300 a year.

Sales and rents for 2306 over time

Sales
Unit 2306, 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 1,531,000 (AED 1,741 per sqft)Sold, August 2011: AED 1,531,000 (AED 1,741 per sqft)

2306 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2306, each contractTypical one-bed in Ocean Heights Tower
50K100K2012201620202024Typical 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, February 2015: AED 110,000 a yearRenewal, February 2016: AED 115,000 a yearRenewal, February 2017: AED 115,000 a yearRenewal, February 2018: AED 115,000 a yearNew contract, October 2018: AED 78,000 a yearNew contract, December 2020: AED 53,000 a yearRenewal, December 2021: AED 53,000 a yearNew contract, July 2022: AED 85,000 a yearNew contract, August 2023: AED 95,000 a yearNew contract, October 2024: AED 95,000 a yearNew contract, October 2024: AED 95,000 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 2306 sits

All 288 1-beds →

2306 last sold in August 2011 at AED 1,741 per sqft, 38% above what one-beds in Ocean Heights Tower were fetching at the time (AED 1,266). 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. 2306's AED 95,000 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 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
23041-bedAED 1.38M · Apr 2015
23051-bedAED 1.23M · Nov 2023
23072-bedAED 2.11M · Jul 2011
23082-bedAED 1.65M · May 2012
1–7 of 8

2306, Ocean Heights Tower in numbers

  • Sold twice: first on 8 July 2009 for AED 1,531,000, last on 18 August 2011 for AED 1,531,000 (AED 1,741 per sqft).
  • Rented since February 2015 on 11 Ejari contracts. The rent fell from AED 110,000 to AED 53,000 in 2021 and recovered to AED 95,000 by October 2024.
  • At AED 95,000 a year the gross yield on the 2011 price is 6.2%, 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 15 October 2024.

Questions about 2306, Ocean Heights Tower

What did unit 2306 last sell for?

AED 1,531,000 on 18 August 2011: AED 1,741 per sqft for 879 sqft. The unit has 2 registered sales; the first was AED 1,531,000 in July 2009.

What is the rent for unit 2306?

AED 95,000 a year on the contract signed on 15 October 2024. The previous contract, from October 2024, was AED 95,000; the unit has been rented since February 2015.

How big is unit 2306?

879 sqft (81.7 sqm): a one-bedroom apartment on the 23rd floor of a 80-storey tower completed in 2010.

What is unit 2306 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 2306, Ocean Heights Tower

Starts from the last sale price (AED 1.53M, 18 August 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,531,000
Deposit, UAE resident (20%)
AED 306,200
Deposit, non-resident (40%)
AED 612,400
Monthly over 25 years at 3.7%
AED 6,264

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