2-bed · 1,602 sqftOcean Heights Tower, Dubai Marina · 40th floor · completed 2010

4006, Ocean Heights Tower

Sold prices and rental history: sold twice, last in August 2011, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4006 · DLD and Ejari recordsUpdated 10 September 2016
Last soldAED 2.74M3 August 2011
Current rentAED 154K /yr10 September 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4006, Ocean Heights Tower

What is 4006 worth today?

Last sold for AED 2,741,000 in 2011

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10 Sep 2016RentedRenewal
AED 153,640/yr12 months · AED 96 per sqft
10 Sep 2015RentedRenewal
AED 161,000/yr12 months · AED 100 per sqft
10 Sep 2014RentedNew contract
AED 161,000/yr12 months · AED 100 per sqft
3 Aug 2011SoldReady
AED 2,741,000AED 1,710 per sqft
8 Jul 2009Sold by developerOff-plan
AED 2,741,000AED 1,710 per sqft

Source: Dubai Land Department. Updated 10 September 2016.

Key facts

Type
2-bed apartment
Size
1,602 sqft
Floor
40th of 80
Parking
P1-21
Developer
DAMAC
Completed
2010
Service charge
AED 26,100 /yr
Last sold
AED 2.74M · August 2011

About 4006, Ocean Heights Tower

4006 is a two-bedroom apartment of 1,602 sqft on the 40th floor of Ocean Heights Tower, a 80-storey tower in Dubai Marina completed in 2010 by DAMAC. It last sold on 3 August 2011 for AED 2,741,000, or AED 1,710 per sqft, 13% above the AED 1,516 two-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, renewed on 10 September 2016, is AED 153,640 a year: a gross yield of 5.6% on the 2011 price, before the service charge of about AED 26,100 a year.

Sales and rents for 4006 over time

Sales
Unit 4006, each saleTypical two-bed in Ocean Heights Tower
1M2M3M2009201420192024Typical sale price by year: 2009 AED 2,070,000; 2010 AED 2,329,625; 2011 AED 2,070,000; 2012 AED 1,864,018; 2013 AED 2,137,800; 2014 AED 2,800,000; 2015 AED 2,000,000; 2016 AED 2,012,500; 2017 AED 1,995,000; 2018 AED 1,997,500; 2019 AED 1,250,000; 2020 AED 1,035,000; 2021 AED 1,225,000; 2022 AED 1,800,000; 2023 AED 1,800,000; 2024 AED 2,025,000; 2025 AED 2,250,000; 2026 AED 2,000,000Sold by developer, July 2009: AED 2,741,000 (AED 1,710 per sqft)Sold, August 2011: AED 2,741,000 (AED 1,710 per sqft)

4006 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4006, each contractTypical two-bed in Ocean Heights Tower
100K150K2012201620202024Typical rent by year: 2012 AED 110,000; 2013 AED 120,000; 2014 AED 140,000; 2015 AED 143,325; 2016 AED 140,000; 2017 AED 135,000; 2018 AED 121,000; 2019 AED 106,000; 2020 AED 88,500; 2021 AED 88,000; 2022 AED 97,608; 2023 AED 115,000; 2024 AED 121,000; 2025 AED 130,000; 2026 AED 130,000New contract, September 2014: AED 161,000 a yearRenewal, September 2015: AED 161,000 a yearRenewal, September 2016: AED 153,640 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Ocean Heights Tower, and where 4006 sits

All 203 2-beds →

4006 last sold in August 2011 at AED 1,710 per sqft, 13% above what two-beds in Ocean Heights Tower were fetching at the time (AED 1,516). Over the last 12 months two-beds sold for AED 1,700,000 to 3,100,000, around AED 1,572 per sqft, and rent for AED 90,000 to 200,000 a year. 4006's AED 153,640 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
7 Jul 20261,800,000
25 Jun 20261,700,000
10 Jun 20262,000,000
3 Feb 20262,100,000
6 2-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 40th floor

All 581 units in Ocean Heights Tower
Value
40014-bedAED 4.2M · Oct 2024
40021-bedAED 1.7M · Apr 2015
40032-bedAED 1.69M · Jun 2011
40041-bedAED 1.15M · Dec 2022
40051-bedAED 1.45M · Jul 2014
40073-bedAED 2.74M · Oct 2026

4006, Ocean Heights Tower in numbers

  • Sold twice: first on 8 July 2009 for AED 2,741,000, last on 3 August 2011 for AED 2,741,000 (AED 1,710 per sqft).
  • Rented since September 2014 on 3 Ejari contracts, from AED 161,000 to AED 153,640 a year.
  • At AED 153,640 a year the gross yield on the 2011 price is 5.6%, before a service charge of about AED 26,100 a year (AED 16.32 per sqft).
  • Two-beds in Ocean Heights Tower sold for AED 1,700,000–3,100,000 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 10 September 2016.

Questions about 4006, Ocean Heights Tower

What did unit 4006 last sell for?

AED 2,741,000 on 3 August 2011: AED 1,710 per sqft for 1,602 sqft. The unit has 2 registered sales; the first was AED 2,741,000 in July 2009.

What is the rent for unit 4006?

AED 153,640 a year on the contract renewed on 10 September 2016. The previous contract, from September 2015, was AED 161,000; the unit has been rented since September 2014.

How big is unit 4006?

1,602 sqft (148.8 sqm): a two-bedroom apartment on the 40th floor of a 80-storey tower completed in 2010.

What is unit 4006 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Ocean Heights Tower sold for AED 1,700,000 to 3,100,000 in the last 12 months, around AED 1,572 per sqft.

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Mortgage on 4006, Ocean Heights Tower

Starts from the last sale price (AED 2.74M, 3 August 2011). Switch to today's estimate once you have unlocked it.
Price
AED 2,741,000
Deposit, UAE resident (20%)
AED 548,200
Deposit, non-resident (40%)
AED 1,096,400
Monthly over 25 years at 3.7%
AED 11,214

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