2-bed · 1,682 sqftOcean Heights Tower, Dubai Marina · 6th floor · completed 2010

609, Ocean Heights Tower

Sold prices and rental history: sold 4 times, last in November 2020, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 609 · DLD and Ejari recordsUpdated 24 November 2020
Last soldAED 1.55M24 November 2020
Current rentAED 130K /yr31 March 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 609, Ocean Heights Tower

What is 609 worth today?

Last sold for AED 1,550,000 in 2020

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24 Nov 2020SoldReady
AED 1,550,000AED 921 per sqft
31 Mar 2020RentedNew contract
AED 130,000/yr12 months · AED 77 per sqft
25 Jul 2019SoldReady
AED 1,500,000AED 891 per sqft
1 Apr 2019RentedRenewal
AED 130,000/yr12 months · AED 77 per sqft
1 Apr 2018RentedRenewal
AED 135,000/yr12 months · AED 80 per sqft
1 Apr 2017RentedRenewal
AED 135,000/yr12 months · AED 80 per sqft
1 Apr 2016RentedNew contract
AED 135,000/yr12 months · AED 80 per sqft
5 Mar 2015RentedNew contract
AED 156,000/yr12 months · AED 93 per sqft

Source: Dubai Land Department. Updated 24 November 2020.

Key facts

Type
2-bed apartment
Size
1,682 sqft
Floor
6th of 80
Parking
B1-57
Developer
DAMAC
Completed
2010
Service charge
AED 27,400 /yr
Last sold
AED 1.55M · November 2020

About 609, Ocean Heights Tower

609 is a two-bedroom apartment of 1,682 sqft on the 6th floor of Ocean Heights Tower, a 80-storey tower in Dubai Marina completed in 2010 by DAMAC. It last sold on 24 November 2020 for AED 1,550,000, or AED 921 per sqft, 14% above the AED 810 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 31 March 2020, is AED 130,000 a year: a gross yield of 8.4% on the 2020 price, before the service charge of about AED 27,400 a year.

Sales and rents for 609 over time

Sales
Unit 609, each saleTypical two-bed in Ocean Heights Tower
1M2M3M2009201420192024Typical sale price by year: 2009 AED 2,070,000; 2010 AED 2,329,625; 2011 AED 2,070,000; 2012 AED 1,864,018; 2013 AED 2,137,800; 2014 AED 2,800,000; 2015 AED 2,000,000; 2016 AED 2,012,500; 2017 AED 1,995,000; 2018 AED 1,997,500; 2019 AED 1,250,000; 2020 AED 1,035,000; 2021 AED 1,225,000; 2022 AED 1,800,000; 2023 AED 1,800,000; 2024 AED 2,025,000; 2025 AED 2,250,000; 2026 AED 2,000,000Sold by developer, June 2010: AED 2,635,760 (AED 1,567 per sqft)Sold, March 2011: AED 2,635,760 (AED 1,567 per sqft)Sold, July 2019: AED 1,500,000 (AED 891 per sqft)Sold, November 2020: AED 1,550,000 (AED 921 per sqft)

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

Rents
Unit 609, each contractTypical two-bed in Ocean Heights Tower
100K150K2012201620202024Typical rent by year: 2012 AED 110,000; 2013 AED 120,000; 2014 AED 140,000; 2015 AED 143,325; 2016 AED 140,000; 2017 AED 135,000; 2018 AED 121,000; 2019 AED 106,000; 2020 AED 88,500; 2021 AED 88,000; 2022 AED 97,608; 2023 AED 115,000; 2024 AED 121,000; 2025 AED 130,000; 2026 AED 130,000New contract, March 2013: AED 125,000 a yearNew contract, March 2015: AED 156,000 a yearNew contract, April 2016: AED 135,000 a yearRenewal, April 2017: AED 135,000 a yearRenewal, April 2018: AED 135,000 a yearRenewal, April 2019: AED 130,000 a yearNew contract, March 2020: AED 130,000 a year

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 609 sits

All 203 2-beds →

609 last sold in November 2020 at AED 921 per sqft, 14% above what two-beds in Ocean Heights Tower were fetching at the time (AED 810). 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. 609's AED 130,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
7 Jul 20261,800,000
25 Jun 20261,700,000
10 Jun 20262,000,000
3 Feb 20262,100,000
6 2-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 6th floor

All 581 units in Ocean Heights Tower
Value
6012-bedAED 2.05M · Jul 2023
6021-bedAED 1.38M · Apr 2025
6031-bedAED 1.36M · Aug 2011
6041-bedAED 1.28M · Dec 2015
6051-bedAED 1.12M · Apr 2024
6061-bedAED 1.93M · Feb 2015
6072-bedAED 1M · Aug 2024
1–7 of 9

609, Ocean Heights Tower in numbers

  • Sold 4 times: first on 6 June 2010 for AED 2,635,760, last on 24 November 2020 for AED 1,550,000 (AED 921 per sqft).
  • Rented since March 2013 on 7 Ejari contracts, from AED 125,000 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2020 price is 8.4%, before a service charge of about AED 27,400 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 24 November 2020.

Questions about 609, Ocean Heights Tower

What did unit 609 last sell for?

AED 1,550,000 on 24 November 2020: AED 921 per sqft for 1,682 sqft. The unit has 4 registered sales; the first was AED 2,635,760 in June 2010.

What is the rent for unit 609?

AED 130,000 a year on the contract signed on 31 March 2020. The previous contract, from April 2019, was AED 130,000; the unit has been rented since March 2013.

How big is unit 609?

1,682 sqft (156.3 sqm): a two-bedroom apartment on the 6th floor of a 80-storey tower completed in 2010.

What is unit 609 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 609, Ocean Heights Tower

Starts from the last sale price (AED 1.55M, 24 November 2020). 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 →