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3-bed · 1,671 sqftOcean Heights Tower, Dubai Marina · 46th floor · completed 2010

4607, Ocean Heights Tower

Sold prices and rental history: sold 3 times, last in May 2016, and rented continuously since 2011. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4607 · DLD and Ejari recordsUpdated 24 May 2016
Last soldAED 3.28M24 May 2016
Current rentAED 138K /yr1 December 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 4607, Ocean Heights Tower

What is 4607 worth today?

Last sold for AED 3,275,000 in 2016

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24 May 2016SoldReady
AED 3,275,000AED 1,959 per sqft
1 Dec 2014RentedNew contract
AED 138,250/yr24 months · AED 83 per sqft
1 Dec 2013RentedRenewal
AED 130,000/yr12 months · AED 78 per sqft
1 May 2012RentedRenewal
AED 120,000/yr19 months · AED 72 per sqft
26 May 2011SoldReady
AED 3,223,000AED 1,928 per sqft
1 Apr 2011RentedNew contract
AED 125,000/yr13 months · AED 75 per sqft
8 Jul 2009Sold by developerOff-plan
AED 3,223,000AED 1,928 per sqft

Source: Dubai Land Department. Updated 24 May 2016.

Key facts

Type
3-bed apartment
Size
1,671 sqft
Floor
46th of 80
Parking
P2-71
Developer
DAMAC
Completed
2010
Service charge
AED 27,300 /yr
Last sold
AED 3.28M · May 2016
Building
Ocean Heights Tower

About 4607, Ocean Heights Tower

4607 is a three-bedroom apartment of 1,671 sqft on the 46th floor of Ocean Heights Tower, a 80-storey tower in Dubai Marina completed in 2010 by DAMAC. It last sold on 24 May 2016 for AED 3,275,000, or AED 1,959 per sqft.

It has been rented continuously since 2011 on 4 Ejari contracts. The current contract, signed on 1 December 2014, is AED 138,250 a year: a gross yield of 4.2% on the 2016 price, before the service charge of about AED 27,300 a year.

Sales and rents for 4607 over time

Sales
Unit 4607, 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 3,223,000 (AED 1,928 per sqft)Sold, May 2011: AED 3,223,000 (AED 1,928 per sqft)Sold, May 2016: AED 3,275,000 (AED 1,959 per sqft)

4607 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 4607, each contractTypical three-bed in Ocean Heights Tower
150K200K20112015201920232027Typical 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, April 2011: AED 125,000 a yearRenewal, May 2012: AED 120,000 a yearRenewal, December 2013: AED 130,000 a yearNew contract, December 2014: AED 138,250 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 4607 sits

All 72 3-beds →

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. 4607's AED 138,250 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 46th floor

All 581 units in Ocean Heights Tower
Value
46013-bedAED 4.29M · Sep 2011
46022-bedAED 1.75M · Sep 2011
46032-bedAED 2.05M · Sep 2024
46041-bedAED 1.33M · Nov 2016
46051-bedAED 1.14M · Sep 2011
46062-bedAED 2.8M · Mar 2014

4607, Ocean Heights Tower in numbers

  • Sold 3 times: first on 8 July 2009 for AED 3,223,000, last on 24 May 2016 for AED 3,275,000 (AED 1,959 per sqft).
  • Rented since April 2011 on 4 Ejari contracts, from AED 125,000 to AED 138,250 a year.
  • At AED 138,250 a year the gross yield on the 2016 price is 4.2%, before a service charge of about AED 27,300 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 24 May 2016.

Questions about 4607, Ocean Heights Tower

What did unit 4607 last sell for?

AED 3,275,000 on 24 May 2016: AED 1,959 per sqft for 1,671 sqft. The unit has 3 registered sales; the first was AED 3,223,000 in July 2009.

What is the rent for unit 4607?

AED 138,250 a year on the contract signed on 1 December 2014. The previous contract, from December 2013, was AED 130,000; the unit has been rented since April 2011.

How big is unit 4607?

1,671 sqft (155.2 sqm): a three-bedroom apartment on the 46th floor of a 80-storey tower completed in 2010.

What is unit 4607 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 4607, Ocean Heights Tower

Starts from the last sale price (AED 3.28M, 24 May 2016). Switch to today's estimate once you have unlocked it.
Price
AED 3,275,000
Deposit, UAE resident (20%)
AED 655,000
Deposit, non-resident (40%)
AED 1,310,000
Monthly over 25 years at 3.7%
AED 13,399

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