2-bed · 1,580 sqftOcean Heights Tower, Dubai Marina · 52nd floor · completed 2010

5206, Ocean Heights Tower

Sold prices and rental history: sold 3 times, last in August 2020, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5206 · DLD and Ejari recordsUpdated 13 August 2020
Last soldAED 1.46M13 August 2020
Current rentAED 120K /yr26 December 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5206, Ocean Heights Tower

What is 5206 worth today?

Last sold for AED 1,460,000 in 2020

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13 Aug 2020SoldReady
AED 1,460,000AED 924 per sqft
26 Dec 2019RentedRenewal
AED 120,000/yr12 months · AED 76 per sqft
26 Dec 2018RentedRenewal
AED 150,000/yr12 months · AED 95 per sqft
26 Dec 2017RentedRenewal
AED 150,000/yr12 months · AED 95 per sqft
25 Dec 2016RentedRenewal
AED 149,598/yr12 months · AED 95 per sqft
25 Dec 2015RentedRenewal
AED 150,000/yr12 months · AED 95 per sqft
25 Dec 2014RentedNew contract
AED 150,000/yr12 months · AED 95 per sqft
10 Apr 2011SoldReady
AED 2,005,000AED 1,268 per sqft

Source: Dubai Land Department. Updated 13 August 2020.

Key facts

Type
2-bed apartment
Size
1,580 sqft
Floor
52nd of 80
Parking
P3-83
Developer
DAMAC
Completed
2010
Service charge
AED 25,800 /yr
Last sold
AED 1.46M · August 2020

About 5206, Ocean Heights Tower

5206 is a two-bedroom apartment of 1,580 sqft on the 52nd floor of Ocean Heights Tower, a 80-storey tower in Dubai Marina completed in 2010 by DAMAC. It last sold on 13 August 2020 for AED 1,460,000, or AED 924 per sqft, 22% above the AED 756 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, renewed on 26 December 2019, is AED 120,000 a year: a gross yield of 8.2% on the 2020 price, before the service charge of about AED 25,800 a year.

Sales and rents for 5206 over time

Sales
Unit 5206, 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 2,005,000 (AED 1,268 per sqft)Sold, April 2011: AED 2,005,000 (AED 1,268 per sqft)Sold, August 2020: AED 1,460,000 (AED 924 per sqft)

5206 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 5206, 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, December 2014: AED 150,000 a yearRenewal, December 2015: AED 150,000 a yearRenewal, December 2016: AED 149,598 a yearRenewal, December 2017: AED 150,000 a yearRenewal, December 2018: AED 150,000 a yearRenewal, December 2019: AED 120,000 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 5206 sits

All 203 2-beds →

5206 last sold in August 2020 at AED 924 per sqft, 22% above what two-beds in Ocean Heights Tower were fetching at the time (AED 756). 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. 5206's AED 120,000 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 52nd floor

All 581 units in Ocean Heights Tower
Value
52013-bedAED 2.9M · Jun 2022
52022-bedAED 1.65M · May 2023
52032-bedAED 2.15M · Jun 2025
52041-bedAED 1.33M · Jun 2013
52051-bedAED 400K · Dec 2021
52073-bedAED 3.2M · Jan 2026

5206, Ocean Heights Tower in numbers

  • Sold 3 times: first on 8 July 2009 for AED 2,005,000, last on 13 August 2020 for AED 1,460,000 (AED 924 per sqft).
  • Rented since December 2014 on 6 Ejari contracts, from AED 150,000 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2020 price is 8.2%, before a service charge of about AED 25,800 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 13 August 2020.

Questions about 5206, Ocean Heights Tower

What did unit 5206 last sell for?

AED 1,460,000 on 13 August 2020: AED 924 per sqft for 1,580 sqft. The unit has 3 registered sales; the first was AED 2,005,000 in July 2009.

What is the rent for unit 5206?

AED 120,000 a year on the contract renewed on 26 December 2019. The previous contract, from December 2018, was AED 150,000; the unit has been rented since December 2014.

How big is unit 5206?

1,580 sqft (146.8 sqm): a two-bedroom apartment on the 52nd floor of a 80-storey tower completed in 2010.

What is unit 5206 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 5206, Ocean Heights Tower

Starts from the last sale price (AED 1.46M, 13 August 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,460,000
Deposit, UAE resident (20%)
AED 292,000
Deposit, non-resident (40%)
AED 584,000
Monthly over 25 years at 3.7%
AED 5,973

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