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2-bed · 621 sqftOceanic Tower, Dubai Marina · 10th floor

1004, Oceanic Tower

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

Unit 1004 · DLD and Ejari recordsUpdated 29 May 2017
Last soldAED 700K23 November 2016
Current rentAED 155K /yr29 May 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1004, Oceanic Tower

What is 1004 worth today?

Last sold for AED 700,000 in 2016

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29 May 2017RentedNew contract
AED 155,000/yr12 months · AED 83 per sqft
23 Nov 2016SoldReady
AED 700,000AED 1,127 per sqft
22 Apr 2013Sold by developerReady
AED 1,308,000AED 702 per sqft

Source: Dubai Land Department. Updated 29 May 2017.

Key facts

Type
2-bed apartment
Size
621 sqft
Floor
10th of 32
Parking
232
Developer
Trident International Holding
Service charge
AED 13,000 /yr
Last sold
AED 700K · November 2016
Building
Oceanic Tower

About 1004, Oceanic Tower

1004 is a two-bedroom apartment of 621 sqft on the 10th floor of Oceanic Tower, a 32-storey tower in Dubai Marina by Trident International Holding. It last sold on 23 November 2016 for AED 700,000, or AED 1,127 per sqft, 5% below the AED 1,181 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 29 May 2017. The current contract, signed on 29 May 2017, is AED 155,000 a year: a gross yield of 22.1% on the 2016 price, before the service charge of about AED 13,000 a year.

Sales and rents for 1004 over time

Sales
Unit 1004, each saleTypical two-bed in Oceanic Tower
1M2M3M2009201420192024Typical sale price by year: 2009 AED 1,650,000; 2010 AED 1,945,000; 2011 AED 1,379,000; 2012 AED 1,416,000; 2013 AED 1,410,000; 2014 AED 2,725,000; 2015 AED 2,759,250; 2016 AED 2,000,000; 2017 AED 2,100,000; 2018 AED 2,200,000; 2021 AED 1,577,500; 2022 AED 1,975,000; 2023 AED 2,350,000; 2024 AED 2,425,000; 2025 AED 2,900,000; 2026 AED 2,782,500Sold by developer, April 2013: AED 1,308,000 (AED 702 per sqft)Sold, November 2016: AED 700,000 (AED 1,127 per sqft)

1004 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1004, each contractTypical two-bed in Oceanic Tower
100K150K2012201620202024Typical rent by year: 2012 AED 135,000; 2013 AED 140,000; 2014 AED 155,000; 2015 AED 155,000; 2016 AED 159,779; 2017 AED 150,000; 2018 AED 140,000; 2019 AED 122,000; 2020 AED 110,000; 2021 AED 100,000; 2022 AED 115,000; 2023 AED 130,000; 2024 AED 150,000; 2025 AED 150,000; 2026 AED 150,000New contract, May 2017: AED 155,000 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 Oceanic Tower, and where 1004 sits

All 74 2-beds →

1004 last sold in November 2016 at AED 1,127 per sqft, 5% below what two-beds in Oceanic Tower were fetching at the time (AED 1,181). Over the last 12 months two-beds sold for AED 2,575,000 to 3,400,000, around AED 1,470 per sqft, and rent for AED 80,000 to 195,000 a year. 1004's AED 155,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
14 Oct 20262,715,000
24 Aug 20262,650,000
29 Jul 20262,575,000
24 Feb 20262,950,000
7 2-bed sales in the last 12 months

Oceanic Tower

Building

122 apartments, 2-bed to 4-bed over 32 floors in Dubai Marina by Trident International Holding. 11 sold in the last 12 months.

Typical price per sqft
AED 1,490
Typical sale
AED 2.95M
Typical rent
AED 160K /yr
Typical yield
5.6%
Oceanic Tower, Dubai Marina: prices, sales and rents →

Other units on the 10th floor

All 122 units in Oceanic Tower
Value
10013-bedAED 1.81M · May 2012
10023-bedAED 2.41M · Jun 2009
10032-bedAED 2.65M · Aug 2026

1004, Oceanic Tower in numbers

  • Sold twice: first on 22 April 2013 for AED 1,308,000, last on 23 November 2016 for AED 700,000 (AED 1,127 per sqft).
  • Rented since May 2017 on one Ejari contract, at AED 155,000 a year.
  • At AED 155,000 a year the gross yield on the 2016 price is 22.1%, before a service charge of about AED 13,000 a year (AED 21.01 per sqft).
  • Two-beds in Oceanic Tower sold for AED 2,575,000–3,400,000 in the 12 months to November 2026; the building's median across all types is AED 1,490 per sqft.

Source: Dubai Land Department. Updated 29 May 2017.

Questions about 1004, Oceanic Tower

What did unit 1004 last sell for?

AED 700,000 on 23 November 2016: AED 1,127 per sqft for 621 sqft. The unit has 2 registered sales; the first was AED 1,308,000 in April 2013.

What is the rent for unit 1004?

AED 155,000 a year on the contract signed on 29 May 2017.

How big is unit 1004?

621 sqft (57.7 sqm): a two-bedroom apartment on the 10th floor of a 32-storey tower.

What is unit 1004 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Oceanic Tower sold for AED 2,575,000 to 3,400,000 in the last 12 months, around AED 1,470 per sqft.

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Mortgage on 1004, Oceanic Tower

Starts from the last sale price (AED 700K, 23 November 2016). Switch to today's estimate once you have unlocked it.
Price
AED 700,000
Deposit, UAE resident (20%)
AED 140,000
Deposit, non-resident (40%)
AED 280,000
Monthly over 25 years at 3.7%
AED 2,864

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