1402, Royal Oceanic Tower
Sold prices and rental history: sold 3 times, last in November 2019, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1402, Royal Oceanic Tower
What is 1402 worth today?
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Source: Dubai Land Department. Updated 21 November 2019.
Key facts
- Type
- 2-bed apartment
- Size
- 1,253 sqft
- Floor
- 14th of 31
- Parking
- B1-95
- Developer
- Global Group Holdings
- Completed
- 2009
- Service charge
- AED 26,300 /yr
- Last sold
- AED 1.45M · November 2019
- Building
- Royal Oceanic Tower
About 1402, Royal Oceanic Tower
1402 is a two-bedroom apartment of 1,253 sqft on the 14th floor of Royal Oceanic Tower, a 31-storey tower in Dubai Marina completed in 2009 by Global Group Holdings. It last sold on 21 November 2019 for AED 1,450,000, or AED 1,157 per sqft, in line with the AED 1,152 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, renewed on 26 July 2019, is AED 120,000 a year: a gross yield of 8.3% on the 2019 price, before the service charge of about AED 26,300 a year.
Sales and rents for 1402 over time
1402 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 1402 sits
All 90 2-beds →1402 last sold in November 2019 at AED 1,157 per sqft, in line with what two-beds in Royal Oceanic Tower were fetching at the time (AED 1,152). 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. 1402's AED 120,000 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 14th floor
All 224 units in Royal Oceanic Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1401 | 2-bed | 1,610 sqft | AED 2.08MAED 2,075,000 · Aug 2015August 2015 | 165,000 /yr | |
| 1403 | 2-bed | 1,339 sqft | AED 1.4MAED 1,400,000 · Nov 2018November 2018 | 135,000 /yr | |
| 1404 | 2-bed | 1,310 sqft | AED 1.45MAED 1,450,000 · Nov 2019November 2019 | 130,000 /yr | |
| 1405 | 2-bed | 1,203 sqft | AED 750KAED 750,000 · Feb 2011February 2011 | 100,000 /yr | |
| 1406 | 2-bed | 1,693 sqft | AED 2.35MAED 2,350,000 · Oct 2023October 2023 |
1402, Royal Oceanic Tower in numbers
- Sold 3 times: first on 21 January 2010 for AED 1,624,350, last on 21 November 2019 for AED 1,450,000 (AED 1,157 per sqft).
- Rented since January 2014 on 7 Ejari contracts, from AED 115,000 to AED 120,000 a year.
- At AED 120,000 a year the gross yield on the 2019 price is 8.3%, before a service charge of about AED 26,300 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 21 November 2019.
Questions about 1402, Royal Oceanic Tower
What did unit 1402 last sell for?
AED 1,450,000 on 21 November 2019: AED 1,157 per sqft for 1,253 sqft. The unit has 3 registered sales; the first was AED 1,624,350 in January 2010.
What is the rent for unit 1402?
AED 120,000 a year on the contract renewed on 26 July 2019. The previous contract, from July 2018, was AED 120,000; the unit has been rented since January 2014.
How big is unit 1402?
1,253 sqft (116.4 sqm): a two-bedroom apartment on the 14th floor of a 31-storey tower completed in 2009.
What is unit 1402 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 1402, Royal Oceanic Tower
Starts from the last sale price (AED 1.45M, 21 November 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 1,450,000
- Deposit, UAE resident (20%)
- AED 290,000
- Deposit, non-resident (40%)
- AED 580,000
- Monthly over 25 years at 3.7%
- AED 5,932
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →