2-bed · 1,731 sqftOcean Heights Tower, Dubai Marina · 5th floor · completed 2010

510, Ocean Heights Tower

Sold prices and rental history: sold once, by the developer in March 2014, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 510 · DLD and Ejari recordsUpdated 1 February 2022
Last soldAED 3.46M25 March 2014
Current rentAED 110K /yr1 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 510, Ocean Heights Tower

What is 510 worth today?

Last sold for AED 3,462,750 in 2014

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1 Feb 2022RentedNew contract
AED 110,000/yr12 months · AED 63 per sqft
25 Sep 2021RentedNew contract
AED 82,000/yr12 months · AED 47 per sqft
15 Oct 2018RentedNew contract
AED 125,000/yr12 months · AED 72 per sqft
1 Feb 2017RentedNew contract
AED 165,000/yr12 months · AED 95 per sqft
1 Feb 2016RentedRenewal
AED 175,000/yr12 months · AED 101 per sqft
1 Feb 2015RentedNew contract
AED 175,000/yr12 months · AED 101 per sqft
25 Mar 2014Sold by developerReady
AED 3,462,750AED 2,000 per sqft

Source: Dubai Land Department. Updated 1 February 2022.

Key facts

Type
2-bed apartment
Size
1,731 sqft
Floor
5th of 80
Parking
B2-77
Developer
DAMAC
Completed
2010
Service charge
AED 28,300 /yr
Last sold
AED 3.46M · March 2014

About 510, Ocean Heights Tower

510 is a two-bedroom apartment of 1,731 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 25 March 2014 for AED 3,462,750, or AED 2,000 per sqft, 28% above the AED 1,558 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, signed on 1 February 2022, is AED 110,000 a year: a gross yield of 3.2% on the 2014 price, before the service charge of about AED 28,300 a year.

Sales and rents for 510 over time

Sales
Unit 510, each saleTypical two-bed in Ocean Heights Tower
2M2009201420192024Typical 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, March 2014: AED 3,462,750 (AED 2,000 per sqft)

510 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 510, 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, February 2015: AED 175,000 a yearRenewal, February 2016: AED 175,000 a yearNew contract, February 2017: AED 165,000 a yearNew contract, October 2018: AED 125,000 a yearNew contract, September 2021: AED 82,000 a yearNew contract, February 2022: 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 510 sits

All 203 2-beds →

510 last sold in March 2014 at AED 2,000 per sqft, 28% above what two-beds in Ocean Heights Tower were fetching at the time (AED 1,558). 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. 510'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 5th floor

All 581 units in Ocean Heights Tower
Value
5012-bedAED 1.57M · Dec 2011
5021-bedAED 1M · Mar 2019
5031-bedAED 1.1M · Jan 2013
5041-bedAED 2.76M · Aug 2011
5051-bedAED 1.25M · Jul 2026
5061-bedAED 872K · Apr 2012
5072-bedAED 2.76M · May 2011
1–7 of 9

510, Ocean Heights Tower in numbers

  • Sold once: by DAMAC on 25 March 2014 for AED 3,462,750, or AED 2,000 per sqft.
  • Rented since February 2015 on 6 Ejari contracts. The rent fell from AED 175,000 to AED 82,000 in 2021 and recovered to AED 110,000 by February 2022.
  • At AED 110,000 a year the gross yield on the 2014 price is 3.2%, before a service charge of about AED 28,300 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 1 February 2022.

Questions about 510, Ocean Heights Tower

What did unit 510 last sell for?

AED 3,462,750 on 25 March 2014, sold by the developer: AED 2,000 per sqft for 1,731 sqft. It is the only registered sale of the unit.

What is the rent for unit 510?

AED 110,000 a year on the contract signed on 1 February 2022. The previous contract, from September 2021, was AED 82,000; the unit has been rented since February 2015.

How big is unit 510?

1,731 sqft (160.8 sqm): a two-bedroom apartment on the 5th floor of a 80-storey tower completed in 2010.

What is unit 510 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 510, Ocean Heights Tower

Starts from the last sale price (AED 3.46M, 25 March 2014). Switch to today's estimate once you have unlocked it.
Price
AED 3,462,750
Deposit, UAE resident (20%)
AED 692,550
Deposit, non-resident (40%)
AED 1,385,100
Monthly over 25 years at 3.7%
AED 14,167

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