4-bed · 2,623 sqftOcean Heights Tower, Dubai Marina · 76th floor · completed 2010

7603, Ocean Heights Tower

Sold prices and rental history: sold 4 times, last in June 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7603 · DLD and Ejari recordsUpdated 3 June 2022
Last soldAED 2.35M3 June 2022
Current rentAED 135K /yr25 January 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 7603, Ocean Heights Tower

What is 7603 worth today?

Last sold for AED 2,350,000 in 2022

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3 Jun 2022SoldReady
AED 2,350,000AED 895 per sqft
25 Jan 2022RentedRenewal
AED 135,000/yr13 months · AED 51 per sqft
25 Dec 2020RentedNew contract
AED 125,000/yr13 months · AED 48 per sqft
9 Dec 2019SoldReady
AED 2,038,000AED 776 per sqft
29 Sep 2017RentedNew contract
AED 210,000/yr12 months · AED 80 per sqft
29 Sep 2013RentedNew contract
AED 185,000/yr12 months · AED 71 per sqft
16 Jul 2012SoldReady
AED 8,699,212AED 3,316 per sqft
5 Nov 2009Sold by developerOff-plan
AED 12,807,000AED 4,882 per sqft

Source: Dubai Land Department. Updated 3 June 2022.

Key facts

Type
4-bed apartment
Size
2,623 sqft
Floor
76th of 80
Parking
P1-87
Developer
DAMAC
Completed
2010
Service charge
AED 42,800 /yr
Last sold
AED 2.35M · June 2022

About 7603, Ocean Heights Tower

7603 is a four-bedroom apartment of 2,623 sqft on the 76th floor of Ocean Heights Tower, a 80-storey tower in Dubai Marina completed in 2010 by DAMAC. It last sold on 3 June 2022 for AED 2,350,000, or AED 895 per sqft.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, renewed on 25 January 2022, is AED 135,000 a year: a gross yield of 5.7% on the 2022 price, before the service charge of about AED 42,800 a year.

Sales and rents for 7603 over time

Sales
Unit 7603, each saleTypical four-bed in Ocean Heights Tower
5M10M2009201320172021Typical sale price by year: 2009 AED 7,579,500; 2011 AED 4,840,500; 2013 AED 7,599,250Sold by developer, November 2009: AED 12,807,000 (AED 4,882 per sqft)Sold, July 2012: AED 8,699,212 (AED 3,316 per sqft)Sold, December 2019: AED 2,038,000 (AED 776 per sqft)Sold, June 2022: AED 2,350,000 (AED 895 per sqft)

7603 has sold 4 times; the dashed line is the four-bed median of each year in the building.

Rents
Unit 7603, each contractTypical four-bed in Ocean Heights Tower
100K200K300K2013201720212025Typical rent by year: 2013 AED 215,000; 2014 AED 250,000; 2016 AED 241,326; 2017 AED 226,154; 2022 AED 183,750; 2023 AED 330,000; 2024 AED 291,500; 2025 AED 340,000New contract, September 2013: AED 185,000 a yearNew contract, September 2017: AED 210,000 a yearNew contract, December 2020: AED 125,000 a yearRenewal, January 2022: AED 135,000 a year

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

4-beds in Ocean Heights Tower, and where 7603 sits

All 13 4-beds →

Over the last 12 months four-beds sold for AED 3,550,000, around AED 1,422 per sqft, and rent for AED 261,360 to 261,360 a year.

Recent 4-bed salesUnit no.Price (AED)Summary
15 Jul 20263,550,000
17 Oct 20244,200,000
23 Feb 202410,000,000
27 Oct 20234,100,000
1 4-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
76025-bedAED 4.92M · Feb 2012
76041-bedAED 1.1M · Jan 2012
76051-bedAED 3.37M · Jun 2013
76061-bedAED 1.81M · Oct 2011

7603, Ocean Heights Tower in numbers

  • Sold 4 times: first on 5 November 2009 for AED 12,807,000, last on 3 June 2022 for AED 2,350,000 (AED 895 per sqft).
  • Rented since September 2013 on 4 Ejari contracts, from AED 185,000 to AED 135,000 a year.
  • At AED 135,000 a year the gross yield on the 2022 price is 5.7%, before a service charge of about AED 42,800 a year (AED 16.32 per sqft).
  • Four-beds in Ocean Heights Tower sold for AED 3,550,000–3,550,000 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 3 June 2022.

Questions about 7603, Ocean Heights Tower

What did unit 7603 last sell for?

AED 2,350,000 on 3 June 2022: AED 895 per sqft for 2,623 sqft. The unit has 4 registered sales; the first was AED 12,807,000 in November 2009.

What is the rent for unit 7603?

AED 135,000 a year on the contract renewed on 25 January 2022. The previous contract, from December 2020, was AED 125,000; the unit has been rented since September 2013.

How big is unit 7603?

2,623 sqft (243.7 sqm): a four-bedroom apartment on the 76th floor of a 80-storey tower completed in 2010.

What is unit 7603 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Ocean Heights Tower sold for AED 3,550,000 to 3,550,000 in the last 12 months, around AED 1,422 per sqft.

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Mortgage on 7603, Ocean Heights Tower

Starts from the last sale price (AED 2.35M, 3 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,350,000
Deposit, UAE resident (20%)
AED 470,000
Deposit, non-resident (40%)
AED 940,000
Monthly over 25 years at 3.7%
AED 9,615

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