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2-bed · 3,578 sqftOcean Heights Tower, Dubai Marina · 75th floor · completed 2010

7502, Ocean Heights Tower

Sold prices and rental history: sold once, by the developer in May 2016, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7502 · DLD and Ejari recordsUpdated 8 March 2020
Last soldAED 5.01M22 May 2016
Current rentAED 145K /yr8 March 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 7502, Ocean Heights Tower

What is 7502 worth today?

Last sold for AED 5,009,200 in 2016

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8 Mar 2020RentedNew contract
AED 145,000/yr12 months · AED 41 per sqft
1 Oct 2017RentedNew contract
AED 200,000/yr48 months · AED 56 per sqft
22 May 2016Sold by developerReady
AED 5,009,200AED 1,399 per sqft

Source: Dubai Land Department. Updated 8 March 2020.

Key facts

Type
2-bed apartment
Size
3,578 sqft
Floor
75th of 80
Parking
P3-58
Developer
DAMAC
Completed
2010
Service charge
AED 58,400 /yr
Last sold
AED 5.01M · May 2016
Building
Ocean Heights Tower

About 7502, Ocean Heights Tower

7502 is a two-bedroom apartment of 3,578 sqft on the 75th floor of Ocean Heights Tower, a 80-storey tower in Dubai Marina completed in 2010 by DAMAC. The developer sold it on 22 May 2016 for AED 5,009,200, or AED 1,399 per sqft, 5% above the AED 1,336 two-beds in the building were fetching at the time.

It has been rented since 2017 on 2 Ejari contracts. The current contract, signed on 8 March 2020, is AED 145,000 a year: a gross yield of 2.9% on the 2016 price, before the service charge of about AED 58,400 a year.

Sales and rents for 7502 over time

Sales
Unit 7502, each saleTypical two-bed in Ocean Heights Tower
2M4M2009201420192024Typical 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, May 2016: AED 5,009,200 (AED 1,399 per sqft)

7502 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 7502, each contractTypical two-bed in Ocean Heights Tower
100K200K2012201620202024Typical 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, October 2017: AED 200,000 a yearNew contract, March 2020: AED 145,000 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 7502 sits

All 203 2-beds →

7502 last sold in May 2016 at AED 1,399 per sqft, 5% above what two-beds in Ocean Heights Tower were fetching at the time (AED 1,336). 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. 7502's AED 145,000 is in the upper 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 75th floor

All 581 units in Ocean Heights Tower
Value
75011-bedAED 2.22M · Nov 2011
75033-bedAED 2.3M · Apr 2017
75041-bedAED 3.85M · Oct 2013
75051-bedAED 1.38M · Jul 2022

7502, Ocean Heights Tower in numbers

  • Sold once: by DAMAC on 22 May 2016 for AED 5,009,200, or AED 1,399 per sqft.
  • Rented since October 2017 on 2 Ejari contracts, from AED 200,000 to AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2016 price is 2.9%, before a service charge of about AED 58,400 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 8 March 2020.

Questions about 7502, Ocean Heights Tower

What did unit 7502 last sell for?

AED 5,009,200 on 22 May 2016, sold by the developer: AED 1,399 per sqft for 3,578 sqft. It is the only registered sale of the unit.

What is the rent for unit 7502?

AED 145,000 a year on the contract signed on 8 March 2020. The previous contract, from October 2017, was AED 200,000.

How big is unit 7502?

3,578 sqft (332.4 sqm): a two-bedroom apartment on the 75th floor of a 80-storey tower completed in 2010.

What is unit 7502 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 7502, Ocean Heights Tower

Starts from the last sale price (AED 5.01M, 22 May 2016). Switch to today's estimate once you have unlocked it.
Price
AED 5,009,200
Deposit, UAE resident (20%)
AED 1,001,840
Deposit, non-resident (40%)
AED 2,003,680
Monthly over 25 years at 3.7%
AED 20,494

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