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2-bed · 1,817 sqftOceanic Tower, Dubai Marina · 12th floor

1203, Oceanic Tower

Sold prices and rental history: sold 3 times, last in June 2022, and rented once, from January 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1203 · DLD and Ejari recordsUpdated 21 June 2022
Last soldAED 2M21 June 2022
Current rentAED 150K /yr2 January 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1203, Oceanic Tower

What is 1203 worth today?

Last sold for AED 2,000,000 in 2022

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21 Jun 2022SoldReady
AED 2,000,000AED 1,100 per sqft
22 Mar 2015SoldReady
AED 2,800,000AED 1,541 per sqft
2 Jan 2014RentedNew contract
AED 150,000/yr12 months · AED 82 per sqft
12 Dec 2012Sold by developerReady
AED 1,335,000AED 734 per sqft

Source: Dubai Land Department. Updated 21 June 2022.

Key facts

Type
2-bed apartment
Size
1,817 sqft
Floor
12th of 32
Parking
342
Developer
Trident International Holding
Service charge
AED 38,200 /yr
Last sold
AED 2M · June 2022
Building
Oceanic Tower

About 1203, Oceanic Tower

1203 is a two-bedroom apartment of 1,817 sqft on the 12th floor of Oceanic Tower, a 32-storey tower in Dubai Marina by Trident International Holding. It last sold on 21 June 2022 for AED 2,000,000, or AED 1,100 per sqft, 6% above the AED 1,036 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 2 January 2014. The current contract, signed on 2 January 2014, is AED 150,000 a year: a gross yield of 7.5% on the 2022 price, before the service charge of about AED 38,200 a year.

Sales and rents for 1203 over time

Sales
Unit 1203, each saleTypical two-bed in Oceanic Tower
2M3M2009201420192024Typical 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, December 2012: AED 1,335,000 (AED 734 per sqft)Sold, March 2015: AED 2,800,000 (AED 1,541 per sqft)Sold, June 2022: AED 2,000,000 (AED 1,100 per sqft)

1203 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1203, 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, January 2014: AED 150,000 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 1203 sits

All 74 2-beds →

1203 last sold in June 2022 at AED 1,100 per sqft, 6% above what two-beds in Oceanic Tower were fetching at the time (AED 1,036). 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. 1203's AED 150,000 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 12th floor

All 122 units in Oceanic Tower
Value
12013-bedAED 3.75M · Feb 2017
12023-bedAED 1.88M · Apr 2013
12042-bedAED 2.8M · Mar 2014

1203, Oceanic Tower in numbers

  • Sold 3 times: first on 12 December 2012 for AED 1,335,000, last on 21 June 2022 for AED 2,000,000 (AED 1,100 per sqft).
  • Rented since January 2014 on one Ejari contract, at AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2022 price is 7.5%, before a service charge of about AED 38,200 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 21 June 2022.

Questions about 1203, Oceanic Tower

What did unit 1203 last sell for?

AED 2,000,000 on 21 June 2022: AED 1,100 per sqft for 1,817 sqft. The unit has 3 registered sales; the first was AED 1,335,000 in December 2012.

What is the rent for unit 1203?

AED 150,000 a year on the contract signed on 2 January 2014.

How big is unit 1203?

1,817 sqft (168.8 sqm): a two-bedroom apartment on the 12th floor of a 32-storey tower.

What is unit 1203 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 1203, Oceanic Tower

Starts from the last sale price (AED 2M, 21 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

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