2-bed · 1,817 sqftOceanic Tower, Dubai Marina · 4th floor

403, Oceanic Tower

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

Unit 403 · DLD and Ejari recordsUpdated 5 August 2021
Last soldAED 1.4M5 August 2021
Current rentAED 110K /yr15 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 403, Oceanic Tower

What is 403 worth today?

Last sold for AED 1,400,000 in 2021

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5 Aug 2021SoldReady
AED 1,400,000AED 770 per sqft
15 May 2021RentedRenewal
AED 110,000/yr12 months · AED 61 per sqft
15 May 2020RentedRenewal
AED 125,000/yr12 months · AED 69 per sqft
15 May 2019RentedRenewal
AED 134,000/yr12 months · AED 74 per sqft
15 May 2018RentedRenewal
AED 144,000/yr12 months · AED 79 per sqft
15 May 2017RentedRenewal
AED 150,000/yr12 months · AED 83 per sqft
15 May 2016RentedNew contract
AED 150,000/yr12 months · AED 83 per sqft
15 May 2015RentedNew contract
AED 150,000/yr12 months · AED 83 per sqft

Source: Dubai Land Department. Updated 5 August 2021.

Key facts

Type
2-bed apartment
Size
1,817 sqft
Floor
4th of 32
Parking
252
Developer
Trident International Holding
Service charge
AED 38,200 /yr
Last sold
AED 1.4M · August 2021

About 403, Oceanic Tower

403 is a two-bedroom apartment of 1,817 sqft on the 4th floor of Oceanic Tower, a 32-storey tower in Dubai Marina by Trident International Holding. It last sold on 5 August 2021 for AED 1,400,000, or AED 770 per sqft, in line with the AED 770 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 15 May 2021, is AED 110,000 a year: a gross yield of 7.9% on the 2021 price, before the service charge of about AED 38,200 a year.

Sales and rents for 403 over time

Sales
Unit 403, 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, April 2013: AED 1,359,000 (AED 747 per sqft)Sold, August 2021: AED 1,400,000 (AED 770 per sqft)

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

Rents
Unit 403, 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, May 2013: AED 125,000 a yearNew contract, May 2014: AED 131,250 a yearNew contract, May 2015: AED 150,000 a yearNew contract, May 2016: AED 150,000 a yearRenewal, May 2017: AED 150,000 a yearRenewal, May 2018: AED 144,000 a yearRenewal, May 2019: AED 134,000 a yearRenewal, May 2020: AED 125,000 a yearRenewal, May 2021: AED 110,000 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 403 sits

All 74 2-beds →

403 last sold in August 2021 at AED 770 per sqft, in line with what two-beds in Oceanic Tower were fetching at the time (AED 770). 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. 403's AED 110,000 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 4th floor

All 122 units in Oceanic Tower
Value
4013-bedAED 2.33M · Nov 2021
4023-bedAED 3.4M · Nov 2024
4042-bedAED 800K · Aug 2020

403, Oceanic Tower in numbers

  • Sold twice: first on 21 April 2013 for AED 1,359,000, last on 5 August 2021 for AED 1,400,000 (AED 770 per sqft).
  • Rented since May 2013 on 9 Ejari contracts, from AED 125,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2021 price is 7.9%, 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 5 August 2021.

Questions about 403, Oceanic Tower

What did unit 403 last sell for?

AED 1,400,000 on 5 August 2021: AED 770 per sqft for 1,817 sqft. The unit has 2 registered sales; the first was AED 1,359,000 in April 2013.

What is the rent for unit 403?

AED 110,000 a year on the contract renewed on 15 May 2021. The previous contract, from May 2020, was AED 125,000; the unit has been rented since May 2013.

How big is unit 403?

1,817 sqft (168.8 sqm): a two-bedroom apartment on the 4th floor of a 32-storey tower.

What is unit 403 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 403, Oceanic Tower

Starts from the last sale price (AED 1.4M, 5 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,400,000
Deposit, UAE resident (20%)
AED 280,000
Deposit, non-resident (40%)
AED 560,000
Monthly over 25 years at 3.7%
AED 5,728

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