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2-bed · 1,817 sqftOceanic Tower, Dubai Marina · 18th floor

1803, Oceanic Tower

Sold prices and rental history: sold 3 times, last in September 2016, and rented once, from January 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1803 · DLD and Ejari recordsUpdated 5 September 2016
Last soldAED 2.35M5 September 2016
Current rentAED 170K /yr9 January 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1803, Oceanic Tower

What is 1803 worth today?

Last sold for AED 2,352,000 in 2016

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5 Sep 2016SoldReady
AED 2,352,000AED 1,294 per sqft
9 Jan 2013RentedNew contract
AED 170,000/yr12 months · AED 93 per sqft
14 Mar 2011SoldReady
AED 1,365,000AED 751 per sqft
8 Mar 2011Sold by developerOff-plan
AED 1,365,000AED 751 per sqft

Source: Dubai Land Department. Updated 5 September 2016.

Key facts

Type
2-bed apartment
Size
1,817 sqft
Floor
18th of 32
Parking
282, 283
Developer
Trident International Holding
Service charge
AED 38,200 /yr
Last sold
AED 2.35M · September 2016
Building
Oceanic Tower

About 1803, Oceanic Tower

1803 is a two-bedroom apartment of 1,817 sqft on the 18th floor of Oceanic Tower, a 32-storey tower in Dubai Marina by Trident International Holding. It last sold on 5 September 2016 for AED 2,352,000, or AED 1,294 per sqft, 6% above the AED 1,223 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 9 January 2013. The current contract, signed on 9 January 2013, is AED 170,000 a year: a gross yield of 7.2% on the 2016 price, before the service charge of about AED 38,200 a year.

Sales and rents for 1803 over time

Sales
Unit 1803, 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, March 2011: AED 1,365,000 (AED 751 per sqft)Sold by developer, March 2011: AED 1,365,000 (AED 751 per sqft)Sold, September 2016: AED 2,352,000 (AED 1,294 per sqft)

1803 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1803, 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 2013: AED 170,000 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 1803 sits

All 74 2-beds →

1803 last sold in September 2016 at AED 1,294 per sqft, 6% above what two-beds in Oceanic Tower were fetching at the time (AED 1,223). 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. 1803's AED 170,000 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 18th floor

All 122 units in Oceanic Tower
Value
18013-bedAED 1.87M · May 2013
18023-bedAED 1.8M · Apr 2013
18042-bedAED 1.8M · Oct 2022

1803, Oceanic Tower in numbers

  • Sold 3 times: first on 8 March 2011 for AED 1,365,000, last on 5 September 2016 for AED 2,352,000 (AED 1,294 per sqft).
  • Rented since January 2013 on one Ejari contract, at AED 170,000 a year.
  • At AED 170,000 a year the gross yield on the 2016 price is 7.2%, 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 5 September 2016.

Questions about 1803, Oceanic Tower

What did unit 1803 last sell for?

AED 2,352,000 on 5 September 2016: AED 1,294 per sqft for 1,817 sqft. The unit has 3 registered sales; the first was AED 1,365,000 in March 2011.

What is the rent for unit 1803?

AED 170,000 a year on the contract signed on 9 January 2013.

How big is unit 1803?

1,817 sqft (168.8 sqm): a two-bedroom apartment on the 18th floor of a 32-storey tower.

What is unit 1803 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 1803, Oceanic Tower

Starts from the last sale price (AED 2.35M, 5 September 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,352,000
Deposit, UAE resident (20%)
AED 470,400
Deposit, non-resident (40%)
AED 940,800
Monthly over 25 years at 3.7%
AED 9,623

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