509, Ocean Heights Tower
Sold prices and rental history: sold 3 times, last in June 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 509, Ocean Heights Tower
What is 509 worth today?
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Source: Dubai Land Department. Updated 14 June 2022.
Key facts
- Type
- 3-bed apartment
- Size
- 1,743 sqft
- Floor
- 5th of 80
- Parking
- nan
- Developer
- DAMAC
- Completed
- 2010
- Service charge
- AED 28,400 /yr
- Last sold
- AED 1.58M · June 2022
- Building
- Ocean Heights Tower
About 509, Ocean Heights Tower
509 is a three-bedroom apartment of 1,743 sqft on the 5th floor of Ocean Heights Tower, a 80-storey tower in Dubai Marina completed in 2010 by DAMAC. It last sold on 14 June 2022 for AED 1,580,000, or AED 906 per sqft, 25% below the AED 1,215 three-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, signed on 1 November 2021, is AED 105,000 a year: a gross yield of 6.7% on the 2022 price, before the service charge of about AED 28,400 a year.
Sales and rents for 509 over time
509 has sold 3 times; the dashed line is the three-bed median of each year in the building.
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 509 sits
All 72 3-beds →509 last sold in June 2022 at AED 906 per sqft, 25% below what three-beds in Ocean Heights Tower were fetching at the time (AED 1,215). 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. 509's AED 105,000 is at the bottom of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Oct 202622 October 2026 | 1,791 sqft | 2,800,000 | 1,563 | ||
| 13 Oct 202613 October 2026 | 1,761 sqft | 2,800,000 | 1,590 | ||
| 6 Oct 20266 October 2026 | 847 sqft | 1,500,000 | 1,770 | ||
| 1 Oct 20261 October 2026 | 1,708 sqft | 2,741,952 | 1,605 |
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 | |
| 508 | 2-bed | 1,510 sqft | AED 1.55MAED 1,547,750 · Apr 2011April 2011 | 134,000 /yr | |
| 510 | 2-bed | 1,731 sqft | AED 3.46MAED 3,462,750 · Mar 2014March 2014 | 110,000 /yr |
509, Ocean Heights Tower in numbers
- Sold 3 times: first on 8 July 2009 for AED 1,601,000, last on 14 June 2022 for AED 1,580,000 (AED 906 per sqft).
- Rented since April 2014 on 5 Ejari contracts. The rent fell from AED 160,000 to AED 75,000 in 2020 and recovered to AED 105,000 by November 2021.
- At AED 105,000 a year the gross yield on the 2022 price is 6.7%, before a service charge of about AED 28,400 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 14 June 2022.
Questions about 509, Ocean Heights Tower
What did unit 509 last sell for?
AED 1,580,000 on 14 June 2022: AED 906 per sqft for 1,743 sqft. The unit has 3 registered sales; the first was AED 1,601,000 in July 2009.
What is the rent for unit 509?
AED 105,000 a year on the contract signed on 1 November 2021. The previous contract, from October 2020, was AED 75,000; the unit has been rented since April 2014.
How big is unit 509?
1,743 sqft (161.9 sqm): a three-bedroom apartment on the 5th floor of a 80-storey tower completed in 2010.
What is unit 509 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 509, Ocean Heights Tower
Starts from the last sale price (AED 1.58M, 14 June 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,580,000
- Deposit, UAE resident (20%)
- AED 316,000
- Deposit, non-resident (40%)
- AED 632,000
- Monthly over 25 years at 3.7%
- AED 6,464
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →