2-bed · 1,476 sqftOcean Heights Tower, Dubai Marina · 7th floor · completed 2010

708, Ocean Heights Tower

Sold prices and rental history: sold 5 times, last in July 2024, and rented once, from September 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 708 · DLD and Ejari recordsUpdated 4 July 2024
Last soldAED 1.72M4 July 2024
Current rentAED 110K /yr16 September 2013
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 708, Ocean Heights Tower

What is 708 worth today?

Last sold for AED 1,715,000 in 2024

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4 Jul 2024SoldReady
AED 1,715,000AED 1,161 per sqft
25 Nov 2021SoldReady
AED 1,000,000AED 677 per sqft
1 Aug 2016SoldReady
AED 2,000,000AED 1,355 per sqft
16 Sep 2013RentedNew contract
AED 110,000/yr12 months · AED 75 per sqft
2 Aug 2011SoldReady
AED 1,483,000AED 1,004 per sqft
8 Jul 2009Sold by developerOff-plan
AED 1,483,000AED 1,004 per sqft

Source: Dubai Land Department. Updated 4 July 2024.

Key facts

Type
2-bed apartment
Size
1,476 sqft
Floor
7th of 80
Parking
nan
Developer
DAMAC
Completed
2010
Service charge
AED 24,100 /yr
Last sold
AED 1.72M · July 2024

About 708, Ocean Heights Tower

708 is a two-bedroom apartment of 1,476 sqft on the 7th floor of Ocean Heights Tower, a 80-storey tower in Dubai Marina completed in 2010 by DAMAC. It last sold on 4 July 2024 for AED 1,715,000, or AED 1,161 per sqft, 12% below the AED 1,324 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 16 September 2013. The current contract, signed on 16 September 2013, is AED 110,000 a year: a gross yield of 6.4% on the 2024 price, before the service charge of about AED 24,100 a year.

Sales and rents for 708 over time

Sales
Unit 708, 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, July 2009: AED 1,483,000 (AED 1,004 per sqft)Sold, August 2011: AED 1,483,000 (AED 1,004 per sqft)Sold, August 2016: AED 2,000,000 (AED 1,355 per sqft)Sold, November 2021: AED 1,000,000 (AED 677 per sqft)Sold, July 2024: AED 1,715,000 (AED 1,161 per sqft)

708 has sold 5 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 708, 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, September 2013: AED 110,000 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 708 sits

All 203 2-beds →

708 last sold in July 2024 at AED 1,161 per sqft, 12% below what two-beds in Ocean Heights Tower were fetching at the time (AED 1,324). 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. 708's AED 110,000 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 7th floor

All 581 units in Ocean Heights Tower
Value
7012-bedAED 2.9M · May 2011
7021-bedAED 1.41M · Sep 2025
7031-bedAED 1.25M · Jun 2022
7041-bedAED 1.15M · May 2011
7051-bedAED 700K · Sep 2020
7061-bedAED 1M · Jan 2018
7072-bedAED 1.5M · May 2024
1–7 of 9

708, Ocean Heights Tower in numbers

  • Sold 5 times: first on 8 July 2009 for AED 1,483,000, last on 4 July 2024 for AED 1,715,000 (AED 1,161 per sqft).
  • Rented since September 2013 on one Ejari contract, at AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2024 price is 6.4%, before a service charge of about AED 24,100 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 4 July 2024.

Questions about 708, Ocean Heights Tower

What did unit 708 last sell for?

AED 1,715,000 on 4 July 2024: AED 1,161 per sqft for 1,476 sqft. The unit has 5 registered sales; the first was AED 1,483,000 in July 2009.

What is the rent for unit 708?

AED 110,000 a year on the contract signed on 16 September 2013.

How big is unit 708?

1,476 sqft (137.1 sqm): a two-bedroom apartment on the 7th floor of a 80-storey tower completed in 2010.

What is unit 708 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 708, Ocean Heights Tower

Starts from the last sale price (AED 1.72M, 4 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,715,000
Deposit, UAE resident (20%)
AED 343,000
Deposit, non-resident (40%)
AED 686,000
Monthly over 25 years at 3.7%
AED 7,017

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