5501, Ocean Heights Tower
Sold prices and rental history: sold 4 times, last in November 2021, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5501, Ocean Heights Tower
What is 5501 worth today?
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Source: Dubai Land Department. Updated 20 December 2021.
Key facts
- Type
- 3-bed apartment
- Size
- 2,021 sqft
- Floor
- 55th of 80
- Parking
- P2-83
- Developer
- DAMAC
- Completed
- 2010
- Service charge
- AED 33,000 /yr
- Last sold
- AED 2.86M · November 2021
- Building
- Ocean Heights Tower
About 5501, Ocean Heights Tower
5501 is a three-bedroom apartment of 2,021 sqft on the 55th floor of Ocean Heights Tower, a 80-storey tower in Dubai Marina completed in 2010 by DAMAC. It last sold on 17 November 2021 for AED 2,860,000, or AED 1,415 per sqft, 21% above the AED 1,173 three-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 11 Ejari contracts. The current contract, signed on 20 December 2021, is AED 130,000 a year: a gross yield of 4.5% on the 2021 price, before the service charge of about AED 33,000 a year.
Sales and rents for 5501 over time
5501 has sold 4 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 5501 sits
All 72 3-beds →5501 last sold in November 2021 at AED 1,415 per sqft, 21% above what three-beds in Ocean Heights Tower were fetching at the time (AED 1,173). 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. 5501's AED 130,000 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 55th floor
All 581 units in Ocean Heights Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5502 | 1-bed | 912 sqft | AED 1.55MAED 1,550,000 · Dec 2013December 2013 | 77,000 /yr | |
| 5503 | 2-bed | 1,594 sqft | AED 1.7MAED 1,700,000 · Oct 2022October 2022 | 155,000 /yr | |
| 5504 | 1-bed | 919 sqft | AED 1.39MAED 1,390,000 · Oct 2016October 2016 | 77,000 /yr | |
| 5505 | 1-bed | 926 sqft | AED 969KAED 969,000 · Dec 2011December 2011 | 84,000 /yr | |
| 5506 | 2-bed | 1,582 sqft | AED 3.19MAED 3,186,000 · May 2011May 2011 | 95,000 /yr | |
| 5507 | 2-bed | 1,353 sqft | AED 2.5MAED 2,500,000 · Apr 2025April 2025 | 140,000 /yr | |
| 5508 | 1-bed | 456 sqft | AED 603KAED 603,440 · May 2012May 2012 | 106,000 /yr |
5501, Ocean Heights Tower in numbers
- Sold 4 times: first on 3 June 2009 for AED 4,080,000, last on 17 November 2021 for AED 2,860,000 (AED 1,415 per sqft).
- Rented since March 2012 on 11 Ejari contracts. The rent fell from AED 160,000 to AED 90,000 in 2015 and recovered to AED 130,000 by December 2021.
- At AED 130,000 a year the gross yield on the 2021 price is 4.5%, before a service charge of about AED 33,000 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 20 December 2021.
Questions about 5501, Ocean Heights Tower
What did unit 5501 last sell for?
AED 2,860,000 on 17 November 2021: AED 1,415 per sqft for 2,021 sqft. The unit has 4 registered sales; the first was AED 4,080,000 in June 2009.
What is the rent for unit 5501?
AED 130,000 a year on the contract signed on 20 December 2021. The previous contract, from June 2021, was AED 130,000; the unit has been rented since March 2012.
How big is unit 5501?
2,021 sqft (187.8 sqm): a three-bedroom apartment on the 55th floor of a 80-storey tower completed in 2010.
What is unit 5501 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 5501, Ocean Heights Tower
Starts from the last sale price (AED 2.86M, 17 November 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 2,860,000
- Deposit, UAE resident (20%)
- AED 572,000
- Deposit, non-resident (40%)
- AED 1,144,000
- Monthly over 25 years at 3.7%
- AED 11,701
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →