2-bed · 1,615 sqftOcean Heights Tower, Dubai Marina · 48th floor · completed 2010

4803, Ocean Heights Tower

Sold prices and rental history: sold 4 times, last in March 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4803 · DLD and Ejari recordsUpdated 18 March 2024
Last soldAED 2.23M18 March 2024
Current rentAED 110K /yr22 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4803, Ocean Heights Tower

What is 4803 worth today?

Last sold for AED 2,225,000 in 2024

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18 Mar 2024SoldReady
AED 2,225,000AED 1,377 per sqft
14 Jun 2023SoldReady
AED 1,750,000AED 1,083 per sqft
22 Dec 2021RentedNew contract
AED 110,000/yr12 months · AED 68 per sqft
6 Dec 2020RentedNew contract
AED 100,000/yr12 months · AED 62 per sqft
5 Nov 2019RentedNew contract
AED 100,000/yr12 months · AED 62 per sqft
10 Oct 2018RentedRenewal
AED 135,000/yr12 months · AED 84 per sqft
10 Oct 2017RentedRenewal
AED 140,000/yr12 months · AED 87 per sqft
10 Oct 2016RentedNew contract
AED 140,000/yr12 months · AED 87 per sqft

Source: Dubai Land Department. Updated 18 March 2024.

Key facts

Type
2-bed apartment
Size
1,615 sqft
Floor
48th of 80
Parking
P3-64
Developer
DAMAC
Completed
2010
Service charge
AED 26,400 /yr
Last sold
AED 2.23M · March 2024

About 4803, Ocean Heights Tower

4803 is a two-bedroom apartment of 1,615 sqft on the 48th floor of Ocean Heights Tower, a 80-storey tower in Dubai Marina completed in 2010 by DAMAC. It last sold on 18 March 2024 for AED 2,225,000, or AED 1,377 per sqft, in line with the AED 1,341 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, signed on 22 December 2021, is AED 110,000 a year: a gross yield of 4.9% on the 2024 price, before the service charge of about AED 26,400 a year.

Sales and rents for 4803 over time

Sales
Unit 4803, 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 1,919,000 (AED 1,188 per sqft)Sold, April 2011: AED 1,919,000 (AED 1,188 per sqft)Sold, June 2023: AED 1,750,000 (AED 1,083 per sqft)Sold, March 2024: AED 2,225,000 (AED 1,377 per sqft)

4803 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4803, 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, August 2013: AED 120,000 a yearNew contract, August 2015: AED 150,000 a yearNew contract, October 2016: AED 140,000 a yearRenewal, October 2017: AED 140,000 a yearRenewal, October 2018: AED 135,000 a yearNew contract, November 2019: AED 100,000 a yearNew contract, December 2020: AED 100,000 a yearNew contract, December 2021: AED 110,000 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 4803 sits

All 203 2-beds →

4803 last sold in March 2024 at AED 1,377 per sqft, in line with what two-beds in Ocean Heights Tower were fetching at the time (AED 1,341). 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. 4803's AED 110,000 is in the lower 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 48th floor

All 581 units in Ocean Heights Tower
Value
48013-bedAED 4.91M · Nov 2011
48022-bedAED 1.53M · Feb 2023
48041-bedAED 875K · Oct 2015
48051-bedAED 1.32M · Nov 2016
48062-bedAED 2.41M · Feb 2025
48073-bedAED 3M · Jul 2026

4803, Ocean Heights Tower in numbers

  • Sold 4 times: first on 8 July 2009 for AED 1,919,000, last on 18 March 2024 for AED 2,225,000 (AED 1,377 per sqft).
  • Rented since August 2013 on 8 Ejari contracts, from AED 120,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2024 price is 4.9%, before a service charge of about AED 26,400 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 18 March 2024.

Questions about 4803, Ocean Heights Tower

What did unit 4803 last sell for?

AED 2,225,000 on 18 March 2024: AED 1,377 per sqft for 1,615 sqft. The unit has 4 registered sales; the first was AED 1,919,000 in July 2009.

What is the rent for unit 4803?

AED 110,000 a year on the contract signed on 22 December 2021. The previous contract, from December 2020, was AED 100,000; the unit has been rented since August 2013.

How big is unit 4803?

1,615 sqft (150.0 sqm): a two-bedroom apartment on the 48th floor of a 80-storey tower completed in 2010.

What is unit 4803 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 4803, Ocean Heights Tower

Starts from the last sale price (AED 2.23M, 18 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,225,000
Deposit, UAE resident (20%)
AED 445,000
Deposit, non-resident (40%)
AED 890,000
Monthly over 25 years at 3.7%
AED 9,103

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