1603, Oceanic Tower
Sold prices and rental history: sold 3 times, last in February 2012, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1603, Oceanic Tower
What is 1603 worth today?
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Source: Dubai Land Department. Updated 1 October 2021.
Key facts
- Type
- 2-bed apartment
- Size
- 1,817 sqft
- Floor
- 16th of 32
- Parking
- 367
- Developer
- Trident International Holding
- Service charge
- AED 38,200 /yr
- Last sold
- AED 1.5M · February 2012
- Building
- Oceanic Tower
About 1603, Oceanic Tower
1603 is a two-bedroom apartment of 1,817 sqft on the 16th floor of Oceanic Tower, a 32-storey tower in Dubai Marina by Trident International Holding. It last sold on 12 February 2012 for AED 1,500,000, or AED 825 per sqft, 10% above the AED 752 two-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, renewed on 1 October 2021, is AED 100,000 a year: a gross yield of 6.7% on the 2012 price, before the service charge of about AED 38,200 a year.
Sales and rents for 1603 over time
1603 has sold 3 times; the dashed line is the two-bed median of each year in the building.
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 1603 sits
All 74 2-beds →1603 last sold in February 2012 at AED 825 per sqft, 10% above what two-beds in Oceanic Tower were fetching at the time (AED 752). 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. 1603's AED 100,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 Oct 202614 October 2026 | 1,862 sqft | 2,715,000 | 1,458 | ||
| 24 Aug 202624 August 2026 | 1,817 sqft | 2,650,000 | 1,458 | ||
| 29 Jul 202629 July 2026 | 1,817 sqft | 2,575,000 | 1,417 | ||
| 24 Feb 202624 February 2026 | 1,979 sqft | 2,950,000 | 1,490 |
Oceanic Tower
Building122 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%
Other units on the 16th floor
All 122 units in Oceanic Tower1603, Oceanic Tower in numbers
- Sold 3 times: first on 2 October 2007 for AED 1,425,000, last on 12 February 2012 for AED 1,500,000 (AED 825 per sqft).
- Rented since June 2015 on 7 Ejari contracts, from AED 178,000 to AED 100,000 a year.
- At AED 100,000 a year the gross yield on the 2012 price is 6.7%, 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 1 October 2021.
Questions about 1603, Oceanic Tower
What did unit 1603 last sell for?
AED 1,500,000 on 12 February 2012: AED 825 per sqft for 1,817 sqft. The unit has 3 registered sales; the first was AED 1,425,000 in October 2007.
What is the rent for unit 1603?
AED 100,000 a year on the contract renewed on 1 October 2021. The previous contract, from October 2020, was AED 100,000; the unit has been rented since June 2015.
How big is unit 1603?
1,817 sqft (168.8 sqm): a two-bedroom apartment on the 16th floor of a 32-storey tower.
What is unit 1603 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 1603, Oceanic Tower
Starts from the last sale price (AED 1.5M, 12 February 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 1,500,000
- Deposit, UAE resident (20%)
- AED 300,000
- Deposit, non-resident (40%)
- AED 600,000
- Monthly over 25 years at 3.7%
- AED 6,137
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →