508, Ocean Heights Tower
Sold prices and rental history: sold once, by the developer in April 2011, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Ocean Heights Tower
What is 508 worth today?
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Source: Dubai Land Department. Updated 15 April 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,510 sqft
- Floor
- 5th of 80
- Parking
- P1-26
- Developer
- DAMAC
- Completed
- 2010
- Service charge
- AED 24,600 /yr
- Last sold
- AED 1.55M · April 2011
- Building
- Ocean Heights Tower
About 508, Ocean Heights Tower
508 is a two-bedroom apartment of 1,510 sqft on the 5th floor of Ocean Heights Tower, a 80-storey tower in Dubai Marina completed in 2010 by DAMAC. The developer sold it on 21 April 2011 for AED 1,547,750, or AED 1,025 per sqft, 22% below the AED 1,318 two-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, signed on 15 April 2024, is AED 134,000 a year: a gross yield of 8.7% on the 2011 price, before the service charge of about AED 24,600 a year.
Sales and rents for 508 over time
508 has sold once; the dashed line is the two-bed median of each year in the building.
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 508 sits
All 203 2-beds →508 last sold in April 2011 at AED 1,025 per sqft, 22% below what two-beds in Ocean Heights Tower were fetching at the time (AED 1,318). 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. 508's AED 134,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Jul 20267 July 2026 | 1,358 sqft | 1,800,000 | 1,325 | ||
| 25 Jun 202625 June 2026 | 1,329 sqft | 1,700,000 | 1,279 | ||
| 10 Jun 202610 June 2026 | 692 sqft | 2,000,000 | 2,890 | ||
| 3 Feb 20263 February 2026 | 1,609 sqft | 2,100,000 | 1,305 |
Ocean Heights Tower
Building581 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%
Other units on the 5th floor
All 581 units in Ocean Heights Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,857 sqft | AED 1.57MAED 1,565,000 · Dec 2011December 2011 | 135,000 /yr | |
| 502 | 1-bed | 1,116 sqft | AED 1MAED 1,000,000 · Mar 2019March 2019 | 75,000 /yr | |
| 503 | 1-bed | 1,019 sqft | AED 1.1MAED 1,100,000 · Jan 2013January 2013 | 95,000 /yr | |
| 504 | 1-bed | 1,291 sqft | AED 2.76MAED 2,760,142 · Aug 2011August 2011 | 75,000 /yr | |
| 505 | 1-bed | 826 sqft | AED 1.25MAED 1,253,115 · Jul 2026July 2026 | 100,000 /yr | |
| 506 | 1-bed | 877 sqft | AED 872KAED 871,902 · Apr 2012April 2012 | 80,000 /yr | |
| 507 | 2-bed | 1,247 sqft | AED 2.76MAED 2,761,000 · May 2011May 2011 | 125,000 /yr | |
| 509 | 3-bed | 1,743 sqft | AED 1.58MAED 1,580,000 · Jun 2022June 2022 | 105,000 /yr | |
| 510 | 2-bed | 1,731 sqft | AED 3.46MAED 3,462,750 · Mar 2014March 2014 | 110,000 /yr |
508, Ocean Heights Tower in numbers
- Sold once: by DAMAC on 21 April 2011 for AED 1,547,750, or AED 1,025 per sqft.
- Rented since October 2015 on 7 Ejari contracts. The rent fell from AED 140,000 to AED 90,000 in 2021 and recovered to AED 134,000 by April 2024.
- At AED 134,000 a year the gross yield on the 2011 price is 8.7%, before a service charge of about AED 24,600 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 15 April 2024.
Questions about 508, Ocean Heights Tower
What did unit 508 last sell for?
AED 1,547,750 on 21 April 2011, sold by the developer: AED 1,025 per sqft for 1,510 sqft. It is the only registered sale of the unit.
What is the rent for unit 508?
AED 134,000 a year on the contract signed on 15 April 2024. The previous contract, from April 2024, was AED 134,000; the unit has been rented since October 2015.
How big is unit 508?
1,510 sqft (140.3 sqm): a two-bedroom apartment on the 5th floor of a 80-storey tower completed in 2010.
What is unit 508 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 508, Ocean Heights Tower
Starts from the last sale price (AED 1.55M, 21 April 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 1,547,750
- Deposit, UAE resident (20%)
- AED 309,550
- Deposit, non-resident (40%)
- AED 619,100
- Monthly over 25 years at 3.7%
- AED 6,332
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →