5505, Ocean Heights Tower
Sold prices and rental history: sold once, by the developer in December 2011, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5505, Ocean Heights Tower
What is 5505 worth today?
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Source: Dubai Land Department. Updated 8 April 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 926 sqft
- Floor
- 55th of 80
- Parking
- P1-19
- Developer
- DAMAC
- Completed
- 2010
- Service charge
- AED 15,100 /yr
- Last sold
- AED 969K · December 2011
- Building
- Ocean Heights Tower
About 5505, Ocean Heights Tower
5505 is a one-bedroom apartment of 926 sqft on the 55th floor of Ocean Heights Tower, a 80-storey tower in Dubai Marina completed in 2010 by DAMAC. The developer sold it on 27 December 2011 for AED 969,000, or AED 1,046 per sqft, 17% below the AED 1,265 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, renewed on 8 April 2022, is AED 84,000 a year: a gross yield of 8.7% on the 2011 price, before the service charge of about AED 15,100 a year.
Sales and rents for 5505 over time
5505 has sold once; 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 5505 sits
All 288 1-beds →5505 last sold in December 2011 at AED 1,046 per sqft, 17% below what one-beds in Ocean Heights Tower were fetching at the time (AED 1,265). 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. 5505's AED 84,000 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 | |
| 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 | |
| 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 |
5505, Ocean Heights Tower in numbers
- Sold once: by DAMAC on 27 December 2011 for AED 969,000, or AED 1,046 per sqft.
- Rented since April 2015 on 5 Ejari contracts, from AED 120,000 to AED 84,000 a year.
- At AED 84,000 a year the gross yield on the 2011 price is 8.7%, before a service charge of about AED 15,100 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 8 April 2022.
Questions about 5505, Ocean Heights Tower
What did unit 5505 last sell for?
AED 969,000 on 27 December 2011, sold by the developer: AED 1,046 per sqft for 926 sqft. It is the only registered sale of the unit.
What is the rent for unit 5505?
AED 84,000 a year on the contract renewed on 8 April 2022. The previous contract, from April 2021, was AED 80,000; the unit has been rented since April 2015.
How big is unit 5505?
926 sqft (86.0 sqm): a one-bedroom apartment on the 55th floor of a 80-storey tower completed in 2010.
What is unit 5505 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 5505, Ocean Heights Tower
Starts from the last sale price (AED 969K, 27 December 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 969,000
- Deposit, UAE resident (20%)
- AED 193,800
- Deposit, non-resident (40%)
- AED 387,600
- Monthly over 25 years at 3.7%
- AED 3,964
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →