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2-bed · 1,693 sqftRoyal Oceanic Tower, Dubai Marina · 14th floor · completed 2009

1406, Royal Oceanic Tower

Sold prices and rental history: sold 5 times, last in October 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1406 · DLD and Ejari recordsUpdated 18 October 2023
Last soldAED 2.35M18 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1406, Royal Oceanic Tower

What is 1406 worth today?

Last sold for AED 2,350,000 in 2023

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18 Oct 2023SoldReady
AED 2,350,000AED 1,388 per sqft
14 Jan 2021SoldReady
AED 1,650,000AED 974 per sqft
24 Jul 2013SoldReady
AED 2,645,000AED 1,562 per sqft
18 Aug 2010SoldReady
AED 1,703,008AED 1,005 per sqft
23 Feb 2009Sold by developerOff-plan
AED 1,703,008AED 1,005 per sqft

Source: Dubai Land Department. Updated 18 October 2023.

Key facts

Type
2-bed apartment
Size
1,693 sqft
Floor
14th of 31
Parking
B1-40
Developer
Global Group Holdings
Completed
2009
Service charge
AED 35,600 /yr
Last sold
AED 2.35M · October 2023
Building
Royal Oceanic Tower

About 1406, Royal Oceanic Tower

1406 is a two-bedroom apartment of 1,693 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 18 October 2023 for AED 2,350,000, or AED 1,388 per sqft, 22% above the AED 1,138 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1406 over time

Sales
Unit 1406, each saleTypical two-bed in Royal Oceanic Tower
1M2M2009201420192024Typical sale price by year: 2009 AED 1,694,000; 2010 AED 1,667,123; 2011 AED 1,330,000; 2012 AED 1,152,550; 2013 AED 1,725,000; 2014 AED 2,350,000; 2015 AED 2,137,500; 2016 AED 2,000,000; 2017 AED 1,850,000; 2019 AED 1,450,000; 2020 AED 900,000; 2021 AED 1,000,000; 2022 AED 1,450,000; 2023 AED 1,665,000; 2024 AED 2,000,000; 2025 AED 2,250,000; 2026 AED 2,175,000Sold by developer, February 2009: AED 1,703,008 (AED 1,005 per sqft)Sold, August 2010: AED 1,703,008 (AED 1,005 per sqft)Sold, July 2013: AED 2,645,000 (AED 1,562 per sqft)Sold, January 2021: AED 1,650,000 (AED 974 per sqft)Sold, October 2023: AED 2,350,000 (AED 1,388 per sqft)

1406 has sold 5 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1406, each contractTypical two-bed in Royal Oceanic Tower
100K125K2012201620202024Typical rent by year: 2012 AED 102,733; 2013 AED 125,000; 2014 AED 130,000; 2015 AED 135,000; 2016 AED 135,000; 2017 AED 127,000; 2018 AED 120,000; 2019 AED 105,000; 2020 AED 90,000; 2021 AED 88,000; 2022 AED 95,500; 2023 AED 110,000; 2024 AED 131,250; 2025 AED 135,000; 2026 AED 135,000

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 1406 sits

All 90 2-beds →

1406 last sold in October 2023 at AED 1,388 per sqft, 22% above what two-beds in Royal Oceanic Tower were fetching at the time (AED 1,138). 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.

Recent 2-bed salesUnit no.Price (AED)Summary
14 Sep 20262,750,000
9 Sep 20262,270,000
7 Sep 20262,300,000
6 Aug 202629,467
15 2-bed sales in the last 12 months

Royal Oceanic Tower

Building

224 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%
Royal Oceanic Tower, Dubai Marina: prices, sales and rents →

Other units on the 14th floor

All 224 units in Royal Oceanic Tower
Value
14012-bedAED 2.08M · Aug 2015
14022-bedAED 1.45M · Nov 2019
14032-bedAED 1.4M · Nov 2018
14042-bedAED 1.45M · Nov 2019
14052-bedAED 750K · Feb 2011

1406, Royal Oceanic Tower in numbers

  • Sold 5 times: first on 23 February 2009 for AED 1,703,008, last on 18 October 2023 for AED 2,350,000 (AED 1,388 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 18 October 2023.

Questions about 1406, Royal Oceanic Tower

What did unit 1406 last sell for?

AED 2,350,000 on 18 October 2023: AED 1,388 per sqft for 1,693 sqft. The unit has 5 registered sales; the first was AED 1,703,008 in February 2009.

How big is unit 1406?

1,693 sqft (157.3 sqm): a two-bedroom apartment on the 14th floor of a 31-storey tower completed in 2009.

What is unit 1406 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 1406, Royal Oceanic Tower

Starts from the last sale price (AED 2.35M, 18 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,350,000
Deposit, UAE resident (20%)
AED 470,000
Deposit, non-resident (40%)
AED 940,000
Monthly over 25 years at 3.7%
AED 9,615

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