5502, Ocean Heights Tower
Sold prices and rental history: sold 3 times, last in December 2013, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5502, Ocean Heights Tower
What is 5502 worth today?
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Source: Dubai Land Department. Updated 20 May 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 912 sqft
- Floor
- 55th of 80
- Parking
- P2-87
- Developer
- DAMAC
- Completed
- 2010
- Service charge
- AED 14,900 /yr
- Last sold
- AED 1.55M · December 2013
- Building
- Ocean Heights Tower
About 5502, Ocean Heights Tower
5502 is a one-bedroom apartment of 912 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 19 December 2013 for AED 1,550,000, or AED 1,699 per sqft, 24% above the AED 1,375 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 20 May 2024, is AED 77,000 a year: a gross yield of 5.0% on the 2013 price, before the service charge of about AED 14,900 a year.
Sales and rents for 5502 over time
5502 has sold 3 times; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Ocean Heights Tower, and where 5502 sits
All 288 1-beds →5502 last sold in December 2013 at AED 1,699 per sqft, 24% above what one-beds in Ocean Heights Tower were fetching at the time (AED 1,375). Over the last 12 months one-beds sold for AED 1,253,115 to 2,800,000, around AED 1,651 per sqft, and rent for AED 66,000 to 175,000 a year. 5502's AED 77,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 Aug 20264 August 2026 | 1,422 sqft | 2,800,000 | 1,969 | ||
| 24 Jul 202624 July 2026 | 885 sqft | 1,300,000 | 1,468 | ||
| 14 Jul 202614 July 2026 | 826 sqft | 1,253,115 | 1,517 | ||
| 11 Jun 202611 June 2026 | 1,053 sqft | 2,030,000 | 1,927 |
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 | |||||
|---|---|---|---|---|---|
| 5501 | 3-bed | 2,021 sqft | AED 2.86MAED 2,860,000 · Nov 2021November 2021 | 130,000 /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 |
5502, Ocean Heights Tower in numbers
- Sold 3 times: first on 29 August 2010 for AED 1,108,800, last on 19 December 2013 for AED 1,550,000 (AED 1,699 per sqft).
- Rented since December 2013 on 10 Ejari contracts. The rent fell from AED 106,000 to AED 55,000 in 2020 and recovered to AED 77,000 by May 2024.
- At AED 77,000 a year the gross yield on the 2013 price is 5.0%, before a service charge of about AED 14,900 a year (AED 16.32 per sqft).
- One-beds in Ocean Heights Tower sold for AED 1,253,115–2,800,000 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 20 May 2024.
Questions about 5502, Ocean Heights Tower
What did unit 5502 last sell for?
AED 1,550,000 on 19 December 2013: AED 1,699 per sqft for 912 sqft. The unit has 3 registered sales; the first was AED 1,108,800 in August 2010.
What is the rent for unit 5502?
AED 77,000 a year on the contract renewed on 20 May 2024. The previous contract, from May 2024, was AED 77,000; the unit has been rented since December 2013.
How big is unit 5502?
912 sqft (84.7 sqm): a one-bedroom apartment on the 55th floor of a 80-storey tower completed in 2010.
What is unit 5502 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Ocean Heights Tower sold for AED 1,253,115 to 2,800,000 in the last 12 months, around AED 1,651 per sqft.
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Mortgage on 5502, Ocean Heights Tower
Starts from the last sale price (AED 1.55M, 19 December 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 1,550,000
- Deposit, UAE resident (20%)
- AED 310,000
- Deposit, non-resident (40%)
- AED 620,000
- Monthly over 25 years at 3.7%
- AED 6,342
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →