1203, Royal Oceanic Tower
Sold prices and rental history: sold 3 times, last in February 2021, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1203, Royal Oceanic Tower
What is 1203 worth today?
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Source: Dubai Land Department. Updated 25 February 2021.
Key facts
- Type
- 2-bed apartment
- Size
- 1,339 sqft
- Floor
- 12th of 31
- Parking
- B1-29
- Developer
- Global Group Holdings
- Completed
- 2009
- Service charge
- AED 28,100 /yr
- Last sold
- AED 1M · February 2021
- Building
- Royal Oceanic Tower
About 1203, Royal Oceanic Tower
1203 is a two-bedroom apartment of 1,339 sqft on the 12th floor of Royal Oceanic Tower, a 31-storey tower in Dubai Marina completed in 2009 by Global Group Holdings. It last sold on 25 February 2021 for AED 1,000,000, or AED 746 per sqft, in line with the AED 748 two-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 7 Ejari contracts. The current contract, renewed on 14 February 2018, is AED 125,000 a year: a gross yield of 12.5% on the 2021 price, before the service charge of about AED 28,100 a year.
Sales and rents for 1203 over time
1203 has sold 3 times; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Royal Oceanic Tower, and where 1203 sits
All 90 2-beds →1203 last sold in February 2021 at AED 746 per sqft, in line with what two-beds in Royal Oceanic Tower were fetching at the time (AED 748). Over the last 12 months two-beds sold for AED 1,000,000 to 2,900,000, around AED 1,615 per sqft, and rent for AED 95,000 to 250,000 a year. 1203's AED 125,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 Sep 202614 September 2026 | 1,710 sqft | 2,750,000 | 1,608 | ||
| 9 Sep 20269 September 2026 | 1,693 sqft | 2,270,000 | 1,340 | ||
| 7 Sep 20267 September 2026 | 1,203 sqft | 2,300,000 | 1,911 | ||
| 6 Aug 20266 August 2026 | 1,339 sqft | 29,467 | 22 |
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 12th floor
All 224 units in Royal Oceanic Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 2-bed | 1,610 sqft | AED 1.81MAED 1,810,717 · Aug 2010August 2010 | 150,000 /yr | |
| 1202 | 2-bed | 1,253 sqft | AED 1.36MAED 1,364,143 · Sep 2013September 2013 | 135,000 /yr | |
| 1204 | 2-bed | 1,310 sqft | AED 1.93MAED 1,930,000 · Nov 2023November 2023 | ||
| 1205 | 2-bed | 1,203 sqft | AED 2.07MAED 2,070,000 · Jan 2026January 2026 | 145,000 /yr | |
| 1206 | 2-bed | 1,693 sqft | AED 1.77MAED 1,773,634 · Aug 2010August 2010 |
1203, Royal Oceanic Tower in numbers
- Sold 3 times: first on 15 April 2009 for AED 1,510,065, last on 25 February 2021 for AED 1,000,000 (AED 746 per sqft).
- Rented since February 2012 on 7 Ejari contracts, from AED 102,733 to AED 125,000 a year.
- At AED 125,000 a year the gross yield on the 2021 price is 12.5%, before a service charge of about AED 28,100 a year (AED 21.01 per sqft).
- Two-beds in Royal Oceanic Tower sold for AED 1,000,000–2,900,000 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 25 February 2021.
Questions about 1203, Royal Oceanic Tower
What did unit 1203 last sell for?
AED 1,000,000 on 25 February 2021: AED 746 per sqft for 1,339 sqft. The unit has 3 registered sales; the first was AED 1,510,065 in April 2009.
What is the rent for unit 1203?
AED 125,000 a year on the contract renewed on 14 February 2018. The previous contract, from February 2017, was AED 125,000; the unit has been rented since February 2012.
How big is unit 1203?
1,339 sqft (124.4 sqm): a two-bedroom apartment on the 12th floor of a 31-storey tower completed in 2009.
What is unit 1203 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Royal Oceanic Tower sold for AED 1,000,000 to 2,900,000 in the last 12 months, around AED 1,615 per sqft.
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Mortgage on 1203, Royal Oceanic Tower
Starts from the last sale price (AED 1M, 25 February 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 1,000,000
- Deposit, UAE resident (20%)
- AED 200,000
- Deposit, non-resident (40%)
- AED 400,000
- Monthly over 25 years at 3.7%
- AED 4,091
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →