3-bed · 1,942 sqftOcean Heights Tower, Dubai Marina · 58th floor · completed 2010

5801, Ocean Heights Tower

Sold prices and rental history: sold 4 times, last in May 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5801 · DLD and Ejari recordsUpdated 22 May 2024
Last soldAED 3.04M22 May 2024
Current rentAED 147K /yr1 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5801, Ocean Heights Tower

What is 5801 worth today?

Last sold for AED 3,040,000 in 2024

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22 May 2024SoldReady
AED 3,040,000AED 1,565 per sqft
11 Dec 2023SoldReady
AED 2,300,000AED 1,184 per sqft
1 Apr 2023RentedNew contract
AED 147,000/yr12 months · AED 76 per sqft
1 Apr 2023RentedNew contract
AED 147,000/yr12 months · AED 76 per sqft
1 Apr 2023RentedNew contract
AED 147,000/yr12 months · AED 76 per sqft
7 Feb 2023SoldReady
AED 3,135,000AED 1,614 per sqft
1 Apr 2022RentedNew contract
AED 147,000/yr12 months · AED 76 per sqft
1 Mar 2019RentedNew contract
AED 140,000/yr12 months · AED 72 per sqft

Source: Dubai Land Department. Updated 22 May 2024.

Key facts

Type
3-bed apartment
Size
1,942 sqft
Floor
58th of 80
Parking
G11
Developer
DAMAC
Completed
2010
Service charge
AED 31,700 /yr
Last sold
AED 3.04M · May 2024

About 5801, Ocean Heights Tower

5801 is a three-bedroom apartment of 1,942 sqft on the 58th floor of Ocean Heights Tower, a 80-storey tower in Dubai Marina completed in 2010 by DAMAC. It last sold on 22 May 2024 for AED 3,040,000, or AED 1,565 per sqft, 4% above the AED 1,498 three-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 1 April 2023, is AED 147,000 a year: a gross yield of 4.8% on the 2024 price, before the service charge of about AED 31,700 a year.

Sales and rents for 5801 over time

Sales
Unit 5801, each saleTypical three-bed in Ocean Heights Tower
2M3M4M2009201420192024Typical sale price by year: 2009 AED 3,184,501; 2010 AED 2,307,360; 2011 AED 3,226,000; 2012 AED 2,355,375; 2013 AED 2,800,000; 2014 AED 3,700,000; 2017 AED 2,300,000; 2018 AED 3,050,500; 2020 AED 1,565,000; 2021 AED 2,150,000; 2022 AED 2,050,000; 2023 AED 2,500,000; 2024 AED 2,600,000; 2026 AED 3,000,000Sold by developer, April 2011: AED 3,108,800 (AED 1,600 per sqft)Sold, February 2023: AED 3,135,000 (AED 1,614 per sqft)Sold, December 2023: AED 2,300,000 (AED 1,184 per sqft)Sold, May 2024: AED 3,040,000 (AED 1,565 per sqft)

5801 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 5801, each contractTypical three-bed in Ocean Heights Tower
150K200K2012201620202024Typical rent by year: 2012 AED 120,000; 2013 AED 150,000; 2014 AED 165,000; 2015 AED 175,000; 2016 AED 187,500; 2017 AED 175,000; 2018 AED 155,000; 2019 AED 137,500; 2020 AED 125,000; 2021 AED 118,500; 2022 AED 145,000; 2023 AED 160,000; 2024 AED 178,997; 2025 AED 190,000; 2026 AED 175,000New contract, September 2014: AED 150,000 a yearNew contract, February 2016: AED 190,000 a yearNew contract, March 2017: AED 180,000 a yearNew contract, March 2019: AED 140,000 a yearNew contract, April 2022: AED 147,000 a yearNew contract, April 2023: AED 147,000 a yearNew contract, April 2023: AED 147,000 a yearNew contract, April 2023: AED 147,000 a year

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 5801 sits

All 72 3-beds →

5801 last sold in May 2024 at AED 1,565 per sqft, 4% above what three-beds in Ocean Heights Tower were fetching at the time (AED 1,498). 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. 5801's AED 147,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
22 Oct 20262,800,000
13 Oct 20262,800,000
6 Oct 20261,500,000
1 Oct 20262,741,952
9 3-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 58th floor

All 581 units in Ocean Heights Tower
Value
58021-bedAED 1.5M · Feb 2017
58032-bedAED 2.1M · Jan 2024
58041-bedAED 1.38M · Nov 2013
58051-bedAED 2.53M · Jul 2012
58062-bedAED 2.04M · Apr 2011
58072-bedAED 2.3M · Dec 2018
58081-bedAED 1.9M · Apr 2012

5801, Ocean Heights Tower in numbers

  • Sold 4 times: first on 7 April 2011 for AED 3,108,800, last on 22 May 2024 for AED 3,040,000 (AED 1,565 per sqft).
  • Rented since September 2014 on 8 Ejari contracts, from AED 150,000 to AED 147,000 a year.
  • At AED 147,000 a year the gross yield on the 2024 price is 4.8%, before a service charge of about AED 31,700 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 22 May 2024.

Questions about 5801, Ocean Heights Tower

What did unit 5801 last sell for?

AED 3,040,000 on 22 May 2024: AED 1,565 per sqft for 1,942 sqft. The unit has 4 registered sales; the first was AED 3,108,800 in April 2011.

What is the rent for unit 5801?

AED 147,000 a year on the contract signed on 1 April 2023. The previous contract, from April 2023, was AED 147,000; the unit has been rented since September 2014.

How big is unit 5801?

1,942 sqft (180.4 sqm): a three-bedroom apartment on the 58th floor of a 80-storey tower completed in 2010.

What is unit 5801 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 5801, Ocean Heights Tower

Starts from the last sale price (AED 3.04M, 22 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,040,000
Deposit, UAE resident (20%)
AED 608,000
Deposit, non-resident (40%)
AED 1,216,000
Monthly over 25 years at 3.7%
AED 12,438

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