2-bed · 1,528 sqftOcean Heights Tower, Dubai Marina · 70th floor · completed 2010

7006, Ocean Heights Tower

Sold prices and rental history: sold 3 times, last in June 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7006 · DLD and Ejari recordsUpdated 26 June 2023
Last soldAED 2.05M26 June 2023
Current rentAED 96K /yr24 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 7006, Ocean Heights Tower

What is 7006 worth today?

Last sold for AED 2,050,000 in 2023

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26 Jun 2023SoldReady
AED 2,050,000AED 1,341 per sqft
24 Nov 2021RentedRenewal
AED 95,700/yr12 months · AED 63 per sqft
24 Oct 2020RentedNew contract
AED 87,000/yr13 months · AED 57 per sqft
15 Sep 2019RentedNew contract
AED 110,000/yr12 months · AED 72 per sqft
15 Sep 2017RentedNew contract
AED 152,000/yr12 months · AED 99 per sqft
25 Aug 2016RentedRenewal
AED 150,000/yr12 months · AED 98 per sqft
25 Aug 2015RentedNew contract
AED 150,000/yr12 months · AED 98 per sqft
25 Aug 2014RentedNew contract
AED 154,000/yr12 months · AED 101 per sqft

Source: Dubai Land Department. Updated 26 June 2023.

Key facts

Type
2-bed apartment
Size
1,528 sqft
Floor
70th of 80
Parking
P1-65A , P1-65B
Developer
DAMAC
Completed
2010
Service charge
AED 24,900 /yr
Last sold
AED 2.05M · June 2023

About 7006, Ocean Heights Tower

7006 is a two-bedroom apartment of 1,528 sqft on the 70th floor of Ocean Heights Tower, a 80-storey tower in Dubai Marina completed in 2010 by DAMAC. It last sold on 26 June 2023 for AED 2,050,000, or AED 1,341 per sqft, in line with the AED 1,316 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 24 November 2021, is AED 95,700 a year: a gross yield of 4.7% on the 2023 price, before the service charge of about AED 24,900 a year.

Sales and rents for 7006 over time

Sales
Unit 7006, each saleTypical two-bed in Ocean Heights Tower
2.5M5M2009201420192024Typical 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, November 2009: AED 6,277,000 (AED 4,107 per sqft)Sold, July 2011: AED 5,756,250 (AED 3,767 per sqft)Sold, June 2023: AED 2,050,000 (AED 1,341 per sqft)

7006 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 7006, 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, June 2013: AED 140,000 a yearNew contract, August 2014: AED 154,000 a yearNew contract, August 2015: AED 150,000 a yearRenewal, August 2016: AED 150,000 a yearNew contract, September 2017: AED 152,000 a yearNew contract, September 2019: AED 110,000 a yearNew contract, October 2020: AED 87,000 a yearRenewal, November 2021: AED 95,700 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 7006 sits

All 203 2-beds →

7006 last sold in June 2023 at AED 1,341 per sqft, in line with what two-beds in Ocean Heights Tower were fetching at the time (AED 1,316). 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. 7006's AED 95,700 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 70th floor

All 581 units in Ocean Heights Tower
Value
70011-bedAED 2.6M · Dec 2011
70022-bedAED 2M · Jul 2023
70032-bedAED 5.18M · Apr 2011
70041-bedAED 1.52M · Jun 2024
70051-bedAED 928K · May 2019
70072-bedAED 6.47M · Apr 2011
70081-bedAED 1.79M · Jan 2024

7006, Ocean Heights Tower in numbers

  • Sold 3 times: first on 5 November 2009 for AED 6,277,000, last on 26 June 2023 for AED 2,050,000 (AED 1,341 per sqft).
  • Rented since June 2013 on 8 Ejari contracts, from AED 140,000 to AED 95,700 a year.
  • At AED 95,700 a year the gross yield on the 2023 price is 4.7%, before a service charge of about AED 24,900 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 26 June 2023.

Questions about 7006, Ocean Heights Tower

What did unit 7006 last sell for?

AED 2,050,000 on 26 June 2023: AED 1,341 per sqft for 1,528 sqft. The unit has 3 registered sales; the first was AED 6,277,000 in November 2009.

What is the rent for unit 7006?

AED 95,700 a year on the contract renewed on 24 November 2021. The previous contract, from October 2020, was AED 87,000; the unit has been rented since June 2013.

How big is unit 7006?

1,528 sqft (142.0 sqm): a two-bedroom apartment on the 70th floor of a 80-storey tower completed in 2010.

What is unit 7006 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 7006, Ocean Heights Tower

Starts from the last sale price (AED 2.05M, 26 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,050,000
Deposit, UAE resident (20%)
AED 410,000
Deposit, non-resident (40%)
AED 820,000
Monthly over 25 years at 3.7%
AED 8,387

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