5506, Ocean Heights Tower
Sold prices and rental history: sold twice, last in May 2011, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5506, Ocean Heights Tower
What is 5506 worth today?
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Source: Dubai Land Department. Updated 2 June 2019.
Key facts
- Type
- 2-bed apartment
- Size
- 1,582 sqft
- Floor
- 55th of 80
- Parking
- P3-11
- Developer
- DAMAC
- Completed
- 2010
- Service charge
- AED 25,800 /yr
- Last sold
- AED 3.19M · May 2011
- Building
- Ocean Heights Tower
About 5506, Ocean Heights Tower
5506 is a two-bedroom apartment of 1,582 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 29 May 2011 for AED 3,186,000, or AED 2,013 per sqft, 47% above the AED 1,371 two-beds in the building were fetching at the time.
It has been rented since 2012 on 3 Ejari contracts. The current contract, signed on 2 June 2019, is AED 95,000 a year: a gross yield of 3.0% on the 2011 price, before the service charge of about AED 25,800 a year.
Sales and rents for 5506 over time
5506 has sold twice; the dashed line is the two-bed median of each year in the building.
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 5506 sits
All 203 2-beds →5506 last sold in May 2011 at AED 2,013 per sqft, 47% above what two-beds in Ocean Heights Tower were fetching at the time (AED 1,371). 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. 5506's AED 95,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Jul 20267 July 2026 | 1,358 sqft | 1,800,000 | 1,325 | ||
| 25 Jun 202625 June 2026 | 1,329 sqft | 1,700,000 | 1,279 | ||
| 10 Jun 202610 June 2026 | 692 sqft | 2,000,000 | 2,890 | ||
| 3 Feb 20263 February 2026 | 1,609 sqft | 2,100,000 | 1,305 |
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 | |
| 5505 | 1-bed | 926 sqft | AED 969KAED 969,000 · Dec 2011December 2011 | 84,000 /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 |
5506, Ocean Heights Tower in numbers
- Sold twice: first on 8 July 2009 for AED 3,186,000, last on 29 May 2011 for AED 3,186,000 (AED 2,013 per sqft).
- Rented since October 2012 on 3 Ejari contracts, from AED 145,000 to AED 95,000 a year.
- At AED 95,000 a year the gross yield on the 2011 price is 3.0%, 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 2 June 2019.
Questions about 5506, Ocean Heights Tower
What did unit 5506 last sell for?
AED 3,186,000 on 29 May 2011: AED 2,013 per sqft for 1,582 sqft. The unit has 2 registered sales; the first was AED 3,186,000 in July 2009.
What is the rent for unit 5506?
AED 95,000 a year on the contract signed on 2 June 2019. The previous contract, from May 2019, was AED 100,000; the unit has been rented since October 2012.
How big is unit 5506?
1,582 sqft (147.0 sqm): a two-bedroom apartment on the 55th floor of a 80-storey tower completed in 2010.
What is unit 5506 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 5506, Ocean Heights Tower
Starts from the last sale price (AED 3.19M, 29 May 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 3,186,000
- Deposit, UAE resident (20%)
- AED 637,200
- Deposit, non-resident (40%)
- AED 1,274,400
- Monthly over 25 years at 3.7%
- AED 13,035
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →