3-bed · 2,491 sqftOceanic Tower, Dubai Marina · 4th floor

401, Oceanic Tower

Sold prices and rental history: sold 4 times, last in November 2021, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 401 · DLD and Ejari recordsUpdated 25 November 2021
Last soldAED 2.33M25 November 2021
Current rentAED 111K /yr5 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 401, Oceanic Tower

What is 401 worth today?

Last sold for AED 2,334,600 in 2021

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25 Nov 2021SoldReady
AED 2,334,600AED 937 per sqft
5 Aug 2021RentedNew contract
AED 110,672/yr5 months · AED 44 per sqft
5 Aug 2020RentedNew contract
AED 110,000/yr12 months · AED 44 per sqft
1 Feb 2017RentedNew contract
AED 220,000/yr12 months · AED 88 per sqft
1 Feb 2016RentedNew contract
AED 220,000/yr12 months · AED 88 per sqft
24 Mar 2014SoldReady
AED 3,800,000AED 1,525 per sqft
3 Mar 2013SoldReady
AED 1,849,000AED 742 per sqft
21 Feb 2013RentedNew contract
AED 220,000/yr12 months · AED 88 per sqft

Source: Dubai Land Department. Updated 25 November 2021.

Key facts

Type
3-bed apartment
Size
2,491 sqft
Floor
4th of 32
Parking
335, 336
Developer
Trident International Holding
Service charge
AED 52,300 /yr
Last sold
AED 2.33M · November 2021

About 401, Oceanic Tower

401 is a three-bedroom apartment of 2,491 sqft on the 4th floor of Oceanic Tower, a 32-storey tower in Dubai Marina by Trident International Holding. It last sold on 25 November 2021 for AED 2,334,600, or AED 937 per sqft, 6% above the AED 884 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 5 August 2021, is AED 110,672 a year: a gross yield of 4.7% on the 2021 price, before the service charge of about AED 52,300 a year.

Sales and rents for 401 over time

Sales
Unit 401, 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, February 2009: AED 1,849,000 (AED 742 per sqft)Sold, March 2013: AED 1,849,000 (AED 742 per sqft)Sold, March 2014: AED 3,800,000 (AED 1,525 per sqft)Sold, November 2021: AED 2,334,600 (AED 937 per sqft)

401 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 401, 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, February 2013: AED 220,000 a yearNew contract, February 2016: AED 220,000 a yearNew contract, February 2017: AED 220,000 a yearNew contract, August 2020: AED 110,000 a yearNew contract, August 2021: AED 110,672 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 401 sits

All 46 3-beds →

401 last sold in November 2021 at AED 937 per sqft, 6% above what three-beds in Oceanic Tower were fetching at the time (AED 884). 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. 401's AED 110,672 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 4th floor

All 122 units in Oceanic Tower
Value
4023-bedAED 3.4M · Nov 2024
4032-bedAED 1.4M · Aug 2021
4042-bedAED 800K · Aug 2020

401, Oceanic Tower in numbers

  • Sold 4 times: first on 26 February 2009 for AED 1,849,000, last on 25 November 2021 for AED 2,334,600 (AED 937 per sqft).
  • Rented since February 2013 on 5 Ejari contracts, from AED 220,000 to AED 110,672 a year.
  • At AED 110,672 a year the gross yield on the 2021 price is 4.7%, 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 25 November 2021.

Questions about 401, Oceanic Tower

What did unit 401 last sell for?

AED 2,334,600 on 25 November 2021: AED 937 per sqft for 2,491 sqft. The unit has 4 registered sales; the first was AED 1,849,000 in February 2009.

What is the rent for unit 401?

AED 110,672 a year on the contract signed on 5 August 2021. The previous contract, from August 2020, was AED 110,000; the unit has been rented since February 2013.

How big is unit 401?

2,491 sqft (231.4 sqm): a three-bedroom apartment on the 4th floor of a 32-storey tower.

What is unit 401 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 401, Oceanic Tower

Starts from the last sale price (AED 2.33M, 25 November 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,334,600
Deposit, UAE resident (20%)
AED 466,920
Deposit, non-resident (40%)
AED 933,840
Monthly over 25 years at 3.7%
AED 9,552

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