1012, Royal Oceanic Tower
Sold prices and rental history: sold 6 times, last in May 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1012, Royal Oceanic Tower
What is 1012 worth today?
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Source: Dubai Land Department. Updated 1 September 2023.
Key facts
- Type
- Studio apartment
- Size
- 559 sqft
- Floor
- 10th of 31
- Parking
- B1-15
- Developer
- Global Group Holdings
- Completed
- 2009
- Service charge
- AED 11,800 /yr
- Last sold
- AED 810K · May 2022
- Building
- Royal Oceanic Tower
About 1012, Royal Oceanic Tower
1012 is a studio of 559 sqft on the 10th floor of Royal Oceanic Tower, a 31-storey tower in Dubai Marina completed in 2009 by Global Group Holdings. It last sold on 18 May 2022 for AED 810,000, or AED 1,447 per sqft, 15% above the AED 1,257 studios in the building were fetching at the time.
It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 1 September 2023, is AED 68,000 a year: a gross yield of 8.4% on the 2022 price, before the service charge of about AED 11,800 a year.
Sales and rents for 1012 over time
1012 has sold 6 times; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Royal Oceanic Tower, and where 1012 sits
All 80 studios →1012 last sold in May 2022 at AED 1,447 per sqft, 15% above what studios in Royal Oceanic Tower were fetching at the time (AED 1,257). Over the last 12 months studios sold for AED 950,000 to 1,275,000, around AED 2,014 per sqft, and rent for AED 54,838 to 80,000 a year. 1012's AED 68,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Oct 20269 October 2026 | 565 sqft | 950,000 | 1,682 | ||
| 18 Aug 202618 August 2026 | 559 sqft | 1,275,000 | 2,279 | ||
| 24 Jul 202624 July 2026 | 514 sqft | 1,030,000 | 2,004 | ||
| 12 Mar 202612 March 2026 | 514 sqft | 1,040,000 | 2,024 |
Royal Oceanic Tower
Building224 apartments, studios to 4-bed over 31 floors in Dubai Marina, completed in 2009 by Global Group Holdings. 22 sold in the last 12 months.
- Typical price per sqft
- AED 1,672 Up 4.9%
- Typical sale
- AED 2.11M
- Typical rent
- AED 80K /yr
- Typical yield
- 6.4%
Other units on the 10th floor
All 224 units in Royal Oceanic Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | Studio | 565 sqft | AED 925KAED 925,000 · Aug 2017August 2017 | 78,000 /yr | |
| 1002 | Studio | 654 sqft | AED 800KAED 800,000 · Sep 2021September 2021 | 43,000 /yr | |
| 1003 | 1-bed | 764 sqft | AED 1MAED 1,000,000 · Nov 2010November 2010 | 84,000 /yr | |
| 1004 | 1-bed | 764 sqft | AED 1.18MAED 1,180,000 · Sep 2024September 2024 | 55,200 /yr | |
| 1005 | Studio | 634 sqft | AED 756KAED 755,626 · Aug 2010August 2010 | 66,000 /yr | |
| 1006 | Studio | 514 sqft | AED 1.03MAED 1,030,000 · Jul 2026July 2026 | 59,400 /yr | |
| 1007 | Studio | 514 sqft | AED 945KAED 945,000 · Nov 2017November 2017 | 60,000 /yr | |
| 1008 | Studio | 621 sqft | AED 650KAED 650,000 · Mar 2013March 2013 | 86,000 /yr | |
| 1009 | 1-bed | 787 sqft | AED 1.34MAED 1,340,000 · May 2025May 2025 | 106,000 /yr | |
| 1010 | 1-bed | 792 sqft | AED 950KAED 950,420 · Aug 2010August 2010 | 66,066 /yr | |
| 1011 | Studio | 658 sqft | AED 470KAED 470,000 · Dec 2013December 2013 | 65,000 /yr |
1012, Royal Oceanic Tower in numbers
- Sold 6 times: first on 23 February 2010 for AED 595,979, last on 18 May 2022 for AED 810,000 (AED 1,447 per sqft).
- Rented since August 2013 on 6 Ejari contracts, from AED 65,000 to AED 68,000 a year.
- At AED 68,000 a year the gross yield on the 2022 price is 8.4%, before a service charge of about AED 11,800 a year (AED 21.01 per sqft).
- Studios in Royal Oceanic Tower sold for AED 950,000–1,275,000 in the 12 months to November 2026; the building's median across all types is AED 1,672 per sqft.
Source: Dubai Land Department. Updated 1 September 2023.
Questions about 1012, Royal Oceanic Tower
What did unit 1012 last sell for?
AED 810,000 on 18 May 2022: AED 1,447 per sqft for 559 sqft. The unit has 6 registered sales; the first was AED 595,979 in February 2010.
What is the rent for unit 1012?
AED 68,000 a year on the contract renewed on 1 September 2023. The previous contract, from September 2022, was AED 65,000; the unit has been rented since August 2013.
How big is unit 1012?
559 sqft (51.9 sqm): a studio on the 10th floor of a 31-storey tower completed in 2009.
What is unit 1012 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Royal Oceanic Tower sold for AED 950,000 to 1,275,000 in the last 12 months, around AED 2,014 per sqft.
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Mortgage on 1012, Royal Oceanic Tower
Starts from the last sale price (AED 810K, 18 May 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 810,000
- Deposit, UAE resident (20%)
- AED 162,000
- Deposit, non-resident (40%)
- AED 324,000
- Monthly over 25 years at 3.7%
- AED 3,314
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →