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3-bed · 2,449 sqftOceanic Tower, Dubai Marina · 7th floor

702, Oceanic Tower

Sold prices and rental history: sold 5 times, last in December 2023, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 702 · DLD and Ejari recordsUpdated 12 December 2023
Last soldAED 3.7M12 December 2023
Current rentAED 185K /yr1 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 702, Oceanic Tower

What is 702 worth today?

Last sold for AED 3,700,000 in 2023

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12 Dec 2023SoldReady
AED 3,700,000AED 1,510 per sqft
1 Sep 2022RentedRenewal
AED 185,000/yr12 months · AED 75 per sqft
16 Feb 2022RentedRenewal
AED 160,001/yr6 months · AED 65 per sqft
1 Feb 2021RentedRenewal
AED 160,000/yr5 months · AED 65 per sqft
1 Oct 2020RentedRenewal
AED 159,999/yr4 months · AED 65 per sqft
1 Oct 2019RentedRenewal
AED 185,000/yr12 months · AED 75 per sqft
12 Nov 2018RentedRenewal
AED 195,000/yr11 months · AED 79 per sqft
12 Nov 2017RentedNew contract
AED 205,000/yr12 months · AED 84 per sqft

Source: Dubai Land Department. Updated 12 December 2023.

Key facts

Type
3-bed apartment
Size
2,449 sqft
Floor
7th of 32
Parking
B3-240, B3-241
Developer
Trident International Holding
Service charge
AED 51,500 /yr
Last sold
AED 3.7M · December 2023
Building
Oceanic Tower

About 702, Oceanic Tower

702 is a three-bedroom apartment of 2,449 sqft on the 7th floor of Oceanic Tower, a 32-storey tower in Dubai Marina by Trident International Holding. It last sold on 12 December 2023 for AED 3,700,000, or AED 1,510 per sqft, in line with the AED 1,525 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 12 Ejari contracts. The current contract, renewed on 1 September 2022, is AED 185,000 a year: a gross yield of 5.0% on the 2023 price, before the service charge of about AED 51,500 a year.

Sales and rents for 702 over time

Sales
Unit 702, 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, April 2009: AED 2,206,000 (AED 900 per sqft)Sold, April 2009: AED 2,206,000 (AED 900 per sqft)Sold, February 2012: AED 2,206,000 (AED 900 per sqft)Sold, June 2017: AED 2,900,000 (AED 1,184 per sqft)Sold, December 2023: AED 3,700,000 (AED 1,510 per sqft)

702 has sold 5 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 702, each contractTypical three-bed in Oceanic Tower
150K200K2012201620202024Typical 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, November 2012: AED 200,000 a yearNew contract, November 2013: AED 200,000 a yearNew contract, November 2014: AED 215,000 a yearRenewal, November 2015: AED 215,000 a yearRenewal, November 2016: AED 205,000 a yearNew contract, November 2017: AED 205,000 a yearRenewal, November 2018: AED 195,000 a yearRenewal, October 2019: AED 185,000 a yearRenewal, October 2020: AED 159,999 a yearRenewal, February 2021: AED 160,000 a yearRenewal, February 2022: AED 160,001 a yearRenewal, September 2022: AED 185,000 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 702 sits

All 46 3-beds →

702 last sold in December 2023 at AED 1,510 per sqft, in line with what three-beds in Oceanic Tower were fetching at the time (AED 1,525). 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. 702's AED 185,000 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 7th floor

All 122 units in Oceanic Tower
Value
7013-bedAED 3.8M · Nov 2023
7032-bedAED 250K · Jul 2024
7042-bedAED 1.34M · Jan 2014

702, Oceanic Tower in numbers

  • Sold 5 times: first on 2 April 2009 for AED 2,206,000, last on 12 December 2023 for AED 3,700,000 (AED 1,510 per sqft).
  • Rented since November 2012 on 12 Ejari contracts. The rent fell from AED 200,000 to AED 159,999 in 2020 and recovered to AED 185,000 by September 2022.
  • At AED 185,000 a year the gross yield on the 2023 price is 5.0%, before a service charge of about AED 51,500 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 12 December 2023.

Questions about 702, Oceanic Tower

What did unit 702 last sell for?

AED 3,700,000 on 12 December 2023: AED 1,510 per sqft for 2,449 sqft. The unit has 5 registered sales; the first was AED 2,206,000 in April 2009.

What is the rent for unit 702?

AED 185,000 a year on the contract renewed on 1 September 2022. The previous contract, from February 2022, was AED 160,001; the unit has been rented since November 2012.

How big is unit 702?

2,449 sqft (227.5 sqm): a three-bedroom apartment on the 7th floor of a 32-storey tower.

What is unit 702 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 702, Oceanic Tower

Starts from the last sale price (AED 3.7M, 12 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,700,000
Deposit, UAE resident (20%)
AED 740,000
Deposit, non-resident (40%)
AED 1,480,000
Monthly over 25 years at 3.7%
AED 15,138

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