1-bed · 1,043 sqftOcean Heights Tower, Dubai Marina · 32nd floor · completed 2010

3203, Ocean Heights Tower

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

Unit 3203 · DLD and Ejari recordsUpdated 4 January 2024
Last soldAED 1.63M10 May 2011
Current rentAED 83K /yr4 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3203, Ocean Heights Tower

What is 3203 worth today?

Last sold for AED 1,633,000 in 2011

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4 Jan 2024RentedRenewal
AED 82,500/yr12 months · AED 79 per sqft
4 Jan 2024RentedRenewal
AED 82,500/yr12 months · AED 79 per sqft
4 Jan 2023RentedRenewal
AED 75,000/yr12 months · AED 72 per sqft
4 Jan 2022RentedRenewal
AED 70,000/yr12 months · AED 67 per sqft
4 Jan 2021RentedRenewal
AED 60,000/yr12 months · AED 57 per sqft
4 Jan 2020RentedRenewal
AED 80,000/yr12 months · AED 77 per sqft
4 Jan 2019RentedRenewal
AED 85,000/yr12 months · AED 81 per sqft
25 Dec 2017RentedNew contract
AED 96,408/yr12 months · AED 92 per sqft

Source: Dubai Land Department. Updated 4 January 2024.

Key facts

Type
1-bed apartment
Size
1,043 sqft
Floor
32nd of 80
Parking
B3-39
Developer
DAMAC
Completed
2010
Service charge
AED 17,000 /yr
Last sold
AED 1.63M · May 2011

About 3203, Ocean Heights Tower

3203 is a one-bedroom apartment of 1,043 sqft on the 32nd floor of Ocean Heights Tower, a 80-storey tower in Dubai Marina completed in 2010 by DAMAC. It last sold on 10 May 2011 for AED 1,633,000, or AED 1,565 per sqft, 20% above the AED 1,301 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 11 Ejari contracts. The current contract, renewed on 4 January 2024, is AED 82,500 a year: a gross yield of 5.1% on the 2011 price, before the service charge of about AED 17,000 a year.

Sales and rents for 3203 over time

Sales
Unit 3203, 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 1,633,000 (AED 1,565 per sqft)Sold, May 2011: AED 1,633,000 (AED 1,565 per sqft)

3203 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3203, 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, May 2015: AED 88,200 a yearRenewal, May 2016: AED 92,610 a yearRenewal, May 2017: AED 92,610 a yearNew contract, December 2017: AED 96,408 a yearRenewal, January 2019: AED 85,000 a yearRenewal, January 2020: AED 80,000 a yearRenewal, January 2021: AED 60,000 a yearRenewal, January 2022: AED 70,000 a yearRenewal, January 2023: AED 75,000 a yearRenewal, January 2024: AED 82,500 a yearRenewal, January 2024: AED 82,500 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 3203 sits

All 288 1-beds →

3203 last sold in May 2011 at AED 1,565 per sqft, 20% above what one-beds in Ocean Heights Tower were fetching at the time (AED 1,301). 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. 3203's AED 82,500 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 32nd floor

All 581 units in Ocean Heights Tower
Value
32013-bedAED 3M · May 2011
32021-bedAED 1.33M · Jul 2009
32041-bedAED 1.6M · Nov 2015
32051-bedAED 925K · Dec 2021
32061-bedAED 1.3M · Jul 2025
32072-bedAED 1.5M · Jul 2016
32082-bedAED 1.64M · May 2012
1–7 of 8

3203, Ocean Heights Tower in numbers

  • Sold twice: first on 8 July 2009 for AED 1,633,000, last on 10 May 2011 for AED 1,633,000 (AED 1,565 per sqft).
  • Rented since May 2015 on 11 Ejari contracts. The rent fell from AED 88,200 to AED 60,000 in 2021 and recovered to AED 82,500 by January 2024.
  • At AED 82,500 a year the gross yield on the 2011 price is 5.1%, before a service charge of about AED 17,000 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 4 January 2024.

Questions about 3203, Ocean Heights Tower

What did unit 3203 last sell for?

AED 1,633,000 on 10 May 2011: AED 1,565 per sqft for 1,043 sqft. The unit has 2 registered sales; the first was AED 1,633,000 in July 2009.

What is the rent for unit 3203?

AED 82,500 a year on the contract renewed on 4 January 2024. The previous contract, from January 2024, was AED 82,500; the unit has been rented since May 2015.

How big is unit 3203?

1,043 sqft (96.9 sqm): a one-bedroom apartment on the 32nd floor of a 80-storey tower completed in 2010.

What is unit 3203 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 3203, Ocean Heights Tower

Starts from the last sale price (AED 1.63M, 10 May 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,633,000
Deposit, UAE resident (20%)
AED 326,600
Deposit, non-resident (40%)
AED 653,200
Monthly over 25 years at 3.7%
AED 6,681

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