5-bed · 2,896 sqftOcean Heights Tower, Dubai Marina · 76th floor · completed 2010

7602, Ocean Heights Tower

Sold prices and rental history: sold once, by the developer in February 2012, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7602 · DLD and Ejari recordsUpdated 30 July 2024
Last soldAED 4.92M26 February 2012
Current rentAED 270K /yr30 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 7602, Ocean Heights Tower

What is 7602 worth today?

Last sold for AED 4,923,200 in 2012

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30 Jul 2024RentedRenewal
AED 269,638/yr24 months · AED 93 per sqft
30 Jul 2024RentedRenewal
AED 269,638/yr24 months · AED 93 per sqft
29 May 2023RentedNew contract
AED 260,000/yr14 months · AED 90 per sqft
16 Nov 2021RentedNew contract
AED 230,000/yr12 months · AED 79 per sqft
8 Mar 2021RentedNew contract
AED 170,000/yr12 months · AED 59 per sqft
1 Sep 2019RentedNew contract
AED 200,000/yr12 months · AED 69 per sqft
1 Nov 2014RentedNew contract
AED 75,000/yr12 months · AED 26 per sqft
26 Feb 2012Sold by developerReady
AED 4,923,200AED 1,699 per sqft

Source: Dubai Land Department. Updated 30 July 2024.

Key facts

Type
5-bed apartment
Size
2,896 sqft
Floor
76th of 80
Parking
P3-92A, P3-92B
Developer
DAMAC
Completed
2010
Service charge
AED 47,300 /yr
Last sold
AED 4.92M · February 2012

About 7602, Ocean Heights Tower

7602 is a five-bedroom apartment of 2,896 sqft on the 76th floor of Ocean Heights Tower, a 80-storey tower in Dubai Marina completed in 2010 by DAMAC. The developer sold it on 26 February 2012 for AED 4,923,200, or AED 1,699 per sqft.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, renewed on 30 July 2024, is AED 269,638 a year: a gross yield of 5.5% on the 2012 price, before the service charge of about AED 47,300 a year.

Sales and rents for 7602 over time

Rents
Unit 7602, each contractTypical five-bed in Ocean Heights Tower
0500K2014201720202023Typical rent by year: 2021 AED 230,000; 2024 AED 684,819New contract, November 2014: AED 75,000 a yearNew contract, September 2019: AED 200,000 a yearNew contract, March 2021: AED 170,000 a yearNew contract, November 2021: AED 230,000 a yearNew contract, May 2023: AED 260,000 a yearRenewal, July 2024: AED 269,638 a yearRenewal, July 2024: AED 269,638 a year

Annual rent on each registered contract; the dashed line is the five-bed median of each year in the building.

5-beds in Ocean Heights Tower, and where 7602 sits

All 4 5-beds →

Over the last 12 months five-beds sold for AED 6,859,821, around AED 1,525 per sqft, and rent for AED 1,100,000 to 1,100,000 a year.

Recent 5-bed salesUnit no.Price (AED)Summary
9 Mar 20266,859,821
27 Aug 201510,165,480
1 Oct 201318,500,000
28 Feb 201225,550,000
1 5-bed sale 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 76th floor

All 581 units in Ocean Heights Tower
Value
76012-bedAED 2.75M · Oct 2024
76034-bedAED 2.35M · Jun 2022
76041-bedAED 1.1M · Jan 2012
76051-bedAED 3.37M · Jun 2013
76061-bedAED 1.81M · Oct 2011

7602, Ocean Heights Tower in numbers

  • Sold once: by DAMAC on 26 February 2012 for AED 4,923,200, or AED 1,699 per sqft.
  • Rented since November 2014 on 7 Ejari contracts, from AED 75,000 to AED 269,638 a year.
  • At AED 269,638 a year the gross yield on the 2012 price is 5.5%, before a service charge of about AED 47,300 a year (AED 16.32 per sqft).
  • Five-beds in Ocean Heights Tower sold for AED 6,859,821–6,859,821 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 30 July 2024.

Questions about 7602, Ocean Heights Tower

What did unit 7602 last sell for?

AED 4,923,200 on 26 February 2012, sold by the developer: AED 1,699 per sqft for 2,896 sqft. It is the only registered sale of the unit.

What is the rent for unit 7602?

AED 269,638 a year on the contract renewed on 30 July 2024. The previous contract, from July 2024, was AED 269,638; the unit has been rented since November 2014.

How big is unit 7602?

2,896 sqft (269.0 sqm): a five-bedroom apartment on the 76th floor of a 80-storey tower completed in 2010.

What is unit 7602 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Five-beds in Ocean Heights Tower sold for AED 6,859,821 to 6,859,821 in the last 12 months, around AED 1,525 per sqft.

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Mortgage on 7602, Ocean Heights Tower

Starts from the last sale price (AED 4.92M, 26 February 2012). Switch to today's estimate once you have unlocked it.
Price
AED 4,923,200
Deposit, UAE resident (20%)
AED 984,640
Deposit, non-resident (40%)
AED 1,969,280
Monthly over 25 years at 3.7%
AED 20,142

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