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3-bed · 2,491 sqftOceanic Tower, Dubai Marina · 15th floor

1501, Oceanic Tower

Sold prices and rental history: sold twice, last in May 2016, and rented once, from April 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1501 · DLD and Ejari recordsUpdated 3 May 2016
Last soldAED 3.35M3 May 2016
Current rentAED 220K /yr14 April 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1501, Oceanic Tower

What is 1501 worth today?

Last sold for AED 3,350,000 in 2016

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3 May 2016SoldReady
AED 3,350,000AED 1,344 per sqft
14 Apr 2013RentedNew contract
AED 220,000/yr12 months · AED 88 per sqft
20 Mar 2012Sold by developerReady
AED 1,850,261AED 742 per sqft

Source: Dubai Land Department. Updated 3 May 2016.

Key facts

Type
3-bed apartment
Size
2,491 sqft
Floor
15th of 32
Parking
333, 334
Developer
Trident International Holding
Service charge
AED 52,300 /yr
Last sold
AED 3.35M · May 2016
Building
Oceanic Tower

About 1501, Oceanic Tower

1501 is a three-bedroom apartment of 2,491 sqft on the 15th floor of Oceanic Tower, a 32-storey tower in Dubai Marina by Trident International Holding. It last sold on 3 May 2016 for AED 3,350,000, or AED 1,344 per sqft, 10% below the AED 1,499 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 14 April 2013. The current contract, signed on 14 April 2013, is AED 220,000 a year: a gross yield of 6.6% on the 2016 price, before the service charge of about AED 52,300 a year.

Sales and rents for 1501 over time

Sales
Unit 1501, each saleTypical three-bed in Oceanic Tower
2M4M2009201420192024Typical sale price by year: 2009 AED 2,206,000; 2010 AED 1,884,900; 2011 AED 1,884,900; 2012 AED 1,850,631; 2013 AED 1,877,000; 2014 AED 4,150,000; 2015 AED 3,850,000; 2017 AED 3,312,500; 2019 AED 2,300,000; 2021 AED 2,167,300; 2023 AED 3,700,000; 2024 AED 3,700,000; 2026 AED 4,075,000Sold by developer, March 2012: AED 1,850,261 (AED 742 per sqft)Sold, May 2016: AED 3,350,000 (AED 1,344 per sqft)

1501 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1501, each contractTypical three-bed in Oceanic Tower
150K200K2012201620202024Typical rent by year: 2012 AED 185,000; 2013 AED 200,000; 2014 AED 216,912; 2015 AED 220,000; 2016 AED 222,500; 2017 AED 205,000; 2018 AED 190,000; 2019 AED 175,000; 2020 AED 140,000; 2021 AED 146,000; 2022 AED 165,000; 2023 AED 172,000; 2024 AED 220,000; 2025 AED 220,000; 2026 AED 210,000New contract, April 2013: AED 220,000 a year

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

3-beds in Oceanic Tower, and where 1501 sits

All 46 3-beds →

1501 last sold in May 2016 at AED 1,344 per sqft, 10% below what three-beds in Oceanic Tower were fetching at the time (AED 1,499). Over the last 12 months three-beds sold for AED 3,300,000 to 4,500,000, around AED 1,706 per sqft, and rent for AED 185,000 to 260,000 a year. 1501's AED 220,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
1 Jun 20264,000,000
1 May 20264,500,000
20 Feb 20264,150,000
5 Feb 20263,300,000
4 3-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 15th floor

All 122 units in Oceanic Tower
Value
15023-bedAED 1.78M · Mar 2012
15032-bedAED 1.35M · May 2013
15042-bedAED 1.4M · Apr 2013

1501, Oceanic Tower in numbers

  • Sold twice: first on 20 March 2012 for AED 1,850,261, last on 3 May 2016 for AED 3,350,000 (AED 1,344 per sqft).
  • Rented since April 2013 on one Ejari contract, at AED 220,000 a year.
  • At AED 220,000 a year the gross yield on the 2016 price is 6.6%, before a service charge of about AED 52,300 a year (AED 21.01 per sqft).
  • Three-beds in Oceanic Tower sold for AED 3,300,000–4,500,000 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 3 May 2016.

Questions about 1501, Oceanic Tower

What did unit 1501 last sell for?

AED 3,350,000 on 3 May 2016: AED 1,344 per sqft for 2,491 sqft. The unit has 2 registered sales; the first was AED 1,850,261 in March 2012.

What is the rent for unit 1501?

AED 220,000 a year on the contract signed on 14 April 2013.

How big is unit 1501?

2,491 sqft (231.4 sqm): a three-bedroom apartment on the 15th floor of a 32-storey tower.

What is unit 1501 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Oceanic Tower sold for AED 3,300,000 to 4,500,000 in the last 12 months, around AED 1,706 per sqft.

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Mortgage on 1501, Oceanic Tower

Starts from the last sale price (AED 3.35M, 3 May 2016). Switch to today's estimate once you have unlocked it.
Price
AED 3,350,000
Deposit, UAE resident (20%)
AED 670,000
Deposit, non-resident (40%)
AED 1,340,000
Monthly over 25 years at 3.7%
AED 13,706

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