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3-bed · 2,491 sqftOceanic Tower, Dubai Marina · 17th floor

1701, Oceanic Tower

Sold prices and rental history: sold 3 times, last in August 2013, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1701 · DLD and Ejari recordsUpdated 20 December 2017
Last soldAED 3.95M21 August 2013
Current rentAED 90K /yr20 December 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1701, Oceanic Tower

What is 1701 worth today?

Last sold for AED 3,950,000 in 2013

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20 Dec 2017RentedNew contract
AED 90,000/yr12 months · AED 36 per sqft
21 Aug 2013SoldReady
AED 3,950,000AED 1,585 per sqft
1 Aug 2013RentedNew contract
AED 190,000/yr12 months · AED 76 per sqft
6 May 2013SoldReady
AED 3,600,000AED 1,445 per sqft
29 Jul 2012Sold by developerReady
AED 1,864,999AED 748 per sqft

Source: Dubai Land Department. Updated 20 December 2017.

Key facts

Type
3-bed apartment
Size
2,491 sqft
Floor
17th of 32
Parking
292, 293
Developer
Trident International Holding
Service charge
AED 52,300 /yr
Last sold
AED 3.95M · August 2013
Building
Oceanic Tower

About 1701, Oceanic Tower

1701 is a three-bedroom apartment of 2,491 sqft on the 17th floor of Oceanic Tower, a 32-storey tower in Dubai Marina by Trident International Holding. It last sold on 21 August 2013 for AED 3,950,000, or AED 1,585 per sqft, 96% above the AED 808 three-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 20 December 2017, is AED 90,000 a year: a gross yield of 2.3% on the 2013 price, before the service charge of about AED 52,300 a year.

Sales and rents for 1701 over time

Sales
Unit 1701, 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, July 2012: AED 1,864,999 (AED 748 per sqft)Sold, May 2013: AED 3,600,000 (AED 1,445 per sqft)Sold, August 2013: AED 3,950,000 (AED 1,585 per sqft)

1701 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1701, each contractTypical three-bed in Oceanic Tower
100K200K2012201620202024Typical 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, August 2013: AED 190,000 a yearNew contract, December 2017: AED 90,000 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 1701 sits

All 46 3-beds →

1701 last sold in August 2013 at AED 1,585 per sqft, 96% above what three-beds in Oceanic Tower were fetching at the time (AED 808). 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. 1701's AED 90,000 is at the bottom 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 17th floor

All 122 units in Oceanic Tower
Value
17023-bedAED 3.8M · Apr 2024
17032-bedAED 2.1M · Jan 2022
17042-bedAED 2.4M · Oct 2013

1701, Oceanic Tower in numbers

  • Sold 3 times: first on 29 July 2012 for AED 1,864,999, last on 21 August 2013 for AED 3,950,000 (AED 1,585 per sqft).
  • Rented since August 2013 on 2 Ejari contracts, from AED 190,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2013 price is 2.3%, 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 20 December 2017.

Questions about 1701, Oceanic Tower

What did unit 1701 last sell for?

AED 3,950,000 on 21 August 2013: AED 1,585 per sqft for 2,491 sqft. The unit has 3 registered sales; the first was AED 1,864,999 in July 2012.

What is the rent for unit 1701?

AED 90,000 a year on the contract signed on 20 December 2017. The previous contract, from August 2013, was AED 190,000.

How big is unit 1701?

2,491 sqft (231.4 sqm): a three-bedroom apartment on the 17th floor of a 32-storey tower.

What is unit 1701 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 1701, Oceanic Tower

Starts from the last sale price (AED 3.95M, 21 August 2013). Switch to today's estimate once you have unlocked it.
Price
AED 3,950,000
Deposit, UAE resident (20%)
AED 790,000
Deposit, non-resident (40%)
AED 1,580,000
Monthly over 25 years at 3.7%
AED 16,161

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