2-bed · 1,817 sqftOceanic Tower, Dubai Marina · 17th floor

1703, Oceanic Tower

Sold prices and rental history: sold twice, last in January 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1703 · DLD and Ejari recordsUpdated 3 January 2022
Last soldAED 2.1M3 January 2022
Current rentAED 81K /yr18 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1703, Oceanic Tower

What is 1703 worth today?

Last sold for AED 2,095,000 in 2022

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3 Jan 2022SoldReady
AED 2,095,000AED 1,153 per sqft
18 Dec 2021RentedNew contract
AED 81,375/yr1 months · AED 45 per sqft
1 Jul 2019RentedRenewal
AED 120,000/yr12 months · AED 66 per sqft
1 Jul 2018RentedNew contract
AED 135,000/yr12 months · AED 74 per sqft
15 Jan 2017RentedNew contract
AED 155,000/yr12 months · AED 85 per sqft
25 Sep 2015RentedNew contract
AED 140,000/yr12 months · AED 77 per sqft
25 Sep 2014RentedNew contract
AED 140,000/yr12 months · AED 77 per sqft
25 Sep 2013RentedNew contract
AED 140,000/yr12 months · AED 77 per sqft

Source: Dubai Land Department. Updated 3 January 2022.

Key facts

Type
2-bed apartment
Size
1,817 sqft
Floor
17th of 32
Parking
368
Developer
Trident International Holding
Service charge
AED 38,200 /yr
Last sold
AED 2.1M · January 2022

About 1703, Oceanic Tower

1703 is a two-bedroom apartment of 1,817 sqft on the 17th floor of Oceanic Tower, a 32-storey tower in Dubai Marina by Trident International Holding. It last sold on 3 January 2022 for AED 2,095,000, or AED 1,153 per sqft, 31% above the AED 877 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 18 December 2021, is AED 81,375 a year: a gross yield of 3.9% on the 2022 price, before the service charge of about AED 38,200 a year.

Sales and rents for 1703 over time

Sales
Unit 1703, 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, March 2012: AED 1,360,926 (AED 749 per sqft)Sold, January 2022: AED 2,095,000 (AED 1,153 per sqft)

1703 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1703, 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, September 2013: AED 140,000 a yearNew contract, September 2014: AED 140,000 a yearNew contract, September 2015: AED 140,000 a yearNew contract, January 2017: AED 155,000 a yearNew contract, July 2018: AED 135,000 a yearRenewal, July 2019: AED 120,000 a yearNew contract, December 2021: AED 81,375 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 1703 sits

All 74 2-beds →

1703 last sold in January 2022 at AED 1,153 per sqft, 31% above what two-beds in Oceanic Tower were fetching at the time (AED 877). 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. 1703's AED 81,375 is in the lower 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 17th floor

All 122 units in Oceanic Tower
Value
17013-bedAED 3.95M · Aug 2013
17023-bedAED 3.8M · Apr 2024
17042-bedAED 2.4M · Oct 2013

1703, Oceanic Tower in numbers

  • Sold twice: first on 21 March 2012 for AED 1,360,926, last on 3 January 2022 for AED 2,095,000 (AED 1,153 per sqft).
  • Rented since September 2013 on 7 Ejari contracts, from AED 140,000 to AED 81,375 a year.
  • At AED 81,375 a year the gross yield on the 2022 price is 3.9%, 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 3 January 2022.

Questions about 1703, Oceanic Tower

What did unit 1703 last sell for?

AED 2,095,000 on 3 January 2022: AED 1,153 per sqft for 1,817 sqft. The unit has 2 registered sales; the first was AED 1,360,926 in March 2012.

What is the rent for unit 1703?

AED 81,375 a year on the contract signed on 18 December 2021. The previous contract, from July 2019, was AED 120,000; the unit has been rented since September 2013.

How big is unit 1703?

1,817 sqft (168.8 sqm): a two-bedroom apartment on the 17th floor of a 32-storey tower.

What is unit 1703 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 1703, Oceanic Tower

Starts from the last sale price (AED 2.1M, 3 January 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,095,000
Deposit, UAE resident (20%)
AED 419,000
Deposit, non-resident (40%)
AED 838,000
Monthly over 25 years at 3.7%
AED 8,571

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