3-bed · 1,687 sqftOcean Heights Tower, Dubai Marina · 43rd floor · completed 2010

4307, Ocean Heights Tower

Sold prices and rental history: sold 3 times, last in February 2013, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4307 · DLD and Ejari recordsUpdated 1 August 2014
Last soldAED 3M20 February 2013
Current rentAED 133K /yr1 August 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4307, Ocean Heights Tower

What is 4307 worth today?

Last sold for AED 3,000,000 in 2013

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1 Aug 2014RentedRenewal
AED 132,825/yr12 months · AED 79 per sqft
1 Aug 2013RentedRenewal
AED 120,750/yr12 months · AED 72 per sqft
20 Feb 2013SoldReady
AED 3,000,000AED 1,778 per sqft
1 Aug 2012RentedNew contract
AED 115,000/yr12 months · AED 68 per sqft
10 Apr 2011SoldReady
AED 3,187,001AED 1,889 per sqft
8 Jul 2009Sold by developerOff-plan
AED 3,187,001AED 1,889 per sqft

Source: Dubai Land Department. Updated 1 August 2014.

Key facts

Type
3-bed apartment
Size
1,687 sqft
Floor
43rd of 80
Parking
P2-59
Developer
DAMAC
Completed
2010
Service charge
AED 27,500 /yr
Last sold
AED 3M · February 2013

About 4307, Ocean Heights Tower

4307 is a three-bedroom apartment of 1,687 sqft on the 43rd floor of Ocean Heights Tower, a 80-storey tower in Dubai Marina completed in 2010 by DAMAC. It last sold on 20 February 2013 for AED 3,000,000, or AED 1,778 per sqft, 24% above the AED 1,439 three-beds in the building were fetching at the time.

It has been rented since 2012 on 3 Ejari contracts. The current contract, renewed on 1 August 2014, is AED 132,825 a year: a gross yield of 4.4% on the 2013 price, before the service charge of about AED 27,500 a year.

Sales and rents for 4307 over time

Sales
Unit 4307, each saleTypical three-bed in Ocean Heights Tower
2M3M4M2009201420192024Typical sale price by year: 2009 AED 3,184,501; 2010 AED 2,307,360; 2011 AED 3,226,000; 2012 AED 2,355,375; 2013 AED 2,800,000; 2014 AED 3,700,000; 2017 AED 2,300,000; 2018 AED 3,050,500; 2020 AED 1,565,000; 2021 AED 2,150,000; 2022 AED 2,050,000; 2023 AED 2,500,000; 2024 AED 2,600,000; 2026 AED 3,000,000Sold by developer, July 2009: AED 3,187,001 (AED 1,889 per sqft)Sold, April 2011: AED 3,187,001 (AED 1,889 per sqft)Sold, February 2013: AED 3,000,000 (AED 1,778 per sqft)

4307 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 4307, each contractTypical three-bed in Ocean Heights Tower
150K200K2012201620202024Typical rent by year: 2012 AED 120,000; 2013 AED 150,000; 2014 AED 165,000; 2015 AED 175,000; 2016 AED 187,500; 2017 AED 175,000; 2018 AED 155,000; 2019 AED 137,500; 2020 AED 125,000; 2021 AED 118,500; 2022 AED 145,000; 2023 AED 160,000; 2024 AED 178,997; 2025 AED 190,000; 2026 AED 175,000New contract, August 2012: AED 115,000 a yearRenewal, August 2013: AED 120,750 a yearRenewal, August 2014: AED 132,825 a year

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

3-beds in Ocean Heights Tower, and where 4307 sits

All 72 3-beds →

4307 last sold in February 2013 at AED 1,778 per sqft, 24% above what three-beds in Ocean Heights Tower were fetching at the time (AED 1,439). Over the last 12 months three-beds sold for AED 1,500,000 to 3,938,750, around AED 1,770 per sqft, and rent for AED 150,000 to 246,750 a year. 4307's AED 132,825 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
22 Oct 20262,800,000
13 Oct 20262,800,000
6 Oct 20261,500,000
1 Oct 20262,741,952
9 3-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 43rd floor

All 581 units in Ocean Heights Tower
Value
43014-bedAED 4.56M · Jul 2009
43021-bedAED 1.32M · Jul 2011
43032-bedAED 1.83M · Feb 2018
43041-bedAED 1.65M · May 2014
43051-bedAED 1.32M · Aug 2023
43062-bedAED 3M · Mar 2014

4307, Ocean Heights Tower in numbers

  • Sold 3 times: first on 8 July 2009 for AED 3,187,001, last on 20 February 2013 for AED 3,000,000 (AED 1,778 per sqft).
  • Rented since August 2012 on 3 Ejari contracts, from AED 115,000 to AED 132,825 a year.
  • At AED 132,825 a year the gross yield on the 2013 price is 4.4%, before a service charge of about AED 27,500 a year (AED 16.32 per sqft).
  • Three-beds in Ocean Heights Tower sold for AED 1,500,000–3,938,750 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 1 August 2014.

Questions about 4307, Ocean Heights Tower

What did unit 4307 last sell for?

AED 3,000,000 on 20 February 2013: AED 1,778 per sqft for 1,687 sqft. The unit has 3 registered sales; the first was AED 3,187,001 in July 2009.

What is the rent for unit 4307?

AED 132,825 a year on the contract renewed on 1 August 2014. The previous contract, from August 2013, was AED 120,750; the unit has been rented since August 2012.

How big is unit 4307?

1,687 sqft (156.7 sqm): a three-bedroom apartment on the 43rd floor of a 80-storey tower completed in 2010.

What is unit 4307 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Ocean Heights Tower sold for AED 1,500,000 to 3,938,750 in the last 12 months, around AED 1,770 per sqft.

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Mortgage on 4307, Ocean Heights Tower

Starts from the last sale price (AED 3M, 20 February 2013). Switch to today's estimate once you have unlocked it.
Price
AED 3,000,000
Deposit, UAE resident (20%)
AED 600,000
Deposit, non-resident (40%)
AED 1,200,000
Monthly over 25 years at 3.7%
AED 12,274

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