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3-bed · 2,449 sqftOceanic Tower, Dubai Marina · 9th floor

902, Oceanic Tower

Sold prices and rental history: sold 3 times, last in September 2013, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 902 · DLD and Ejari recordsUpdated 15 September 2020
Last soldAED 3.6M8 September 2013
Current rentAED 135K /yr15 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 902, Oceanic Tower

What is 902 worth today?

Last sold for AED 3,600,000 in 2013

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15 Sep 2020RentedNew contract
AED 135,000/yr12 months · AED 55 per sqft
1 Apr 2020RentedRenewal
AED 176,471/yr5 months · AED 72 per sqft
1 Apr 2019RentedRenewal
AED 180,000/yr12 months · AED 73 per sqft
1 Apr 2018RentedNew contract
AED 200,000/yr12 months · AED 81 per sqft
1 Apr 2017RentedRenewal
AED 225,000/yr12 months · AED 92 per sqft
1 Apr 2016RentedRenewal
AED 230,000/yr12 months · AED 94 per sqft
1 Apr 2015RentedNew contract
AED 230,000/yr12 months · AED 94 per sqft
19 Jul 2014RentedNew contract
AED 200,920/yr12 months · AED 82 per sqft

Source: Dubai Land Department. Updated 15 September 2020.

Key facts

Type
3-bed apartment
Size
2,449 sqft
Floor
9th of 32
Parking
298, 299
Developer
Trident International Holding
Service charge
AED 51,500 /yr
Last sold
AED 3.6M · September 2013
Building
Oceanic Tower

About 902, Oceanic Tower

902 is a three-bedroom apartment of 2,449 sqft on the 9th floor of Oceanic Tower, a 32-storey tower in Dubai Marina by Trident International Holding. It last sold on 8 September 2013 for AED 3,600,000, or AED 1,469 per sqft, 81% above the AED 812 three-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 15 September 2020, is AED 135,000 a year: a gross yield of 3.8% on the 2013 price, before the service charge of about AED 51,500 a year.

Sales and rents for 902 over time

Sales
Unit 902, 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, May 2012: AED 1,731,000 (AED 706 per sqft)Sold, June 2012: AED 2,830,000 (AED 1,155 per sqft)Sold, September 2013: AED 3,600,000 (AED 1,469 per sqft)

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

Rents
Unit 902, 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, July 2014: AED 200,920 a yearNew contract, April 2015: AED 230,000 a yearRenewal, April 2016: AED 230,000 a yearRenewal, April 2017: AED 225,000 a yearNew contract, April 2018: AED 200,000 a yearRenewal, April 2019: AED 180,000 a yearRenewal, April 2020: AED 176,471 a yearNew contract, September 2020: AED 135,000 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 902 sits

All 46 3-beds →

902 last sold in September 2013 at AED 1,469 per sqft, 81% above what three-beds in Oceanic Tower were fetching at the time (AED 812). 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. 902's AED 135,000 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 9th floor

All 122 units in Oceanic Tower
Value
9013-bedAED 2.84M · Jul 2012
9032-bedAED 2.58M · Jul 2026
9042-bedAED 1.37M · Jan 2012

902, Oceanic Tower in numbers

  • Sold 3 times: first on 22 May 2012 for AED 1,731,000, last on 8 September 2013 for AED 3,600,000 (AED 1,469 per sqft).
  • Rented since July 2014 on 8 Ejari contracts, from AED 200,920 to AED 135,000 a year.
  • At AED 135,000 a year the gross yield on the 2013 price is 3.8%, 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 15 September 2020.

Questions about 902, Oceanic Tower

What did unit 902 last sell for?

AED 3,600,000 on 8 September 2013: AED 1,469 per sqft for 2,449 sqft. The unit has 3 registered sales; the first was AED 1,731,000 in May 2012.

What is the rent for unit 902?

AED 135,000 a year on the contract signed on 15 September 2020. The previous contract, from April 2020, was AED 176,471; the unit has been rented since July 2014.

How big is unit 902?

2,449 sqft (227.5 sqm): a three-bedroom apartment on the 9th floor of a 32-storey tower.

What is unit 902 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 902, Oceanic Tower

Starts from the last sale price (AED 3.6M, 8 September 2013). Switch to today's estimate once you have unlocked it.
Price
AED 3,600,000
Deposit, UAE resident (20%)
AED 720,000
Deposit, non-resident (40%)
AED 1,440,000
Monthly over 25 years at 3.7%
AED 14,729

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