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2-bed · 1,693 sqftRoyal Oceanic Tower, Dubai Marina · 15th floor · completed 2009

1506, Royal Oceanic Tower

Sold prices and rental history: sold 3 times, last in May 2013, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1506 · DLD and Ejari recordsUpdated 21 May 2013
Last soldAED 2.33M21 May 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1506, Royal Oceanic Tower

What is 1506 worth today?

Last sold for AED 2,330,000 in 2013

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21 May 2013SoldReady
AED 2,330,000AED 1,376 per sqft
24 Aug 2010SoldReady
AED 1,731,627AED 1,022 per sqft
23 Feb 2009Sold by developerOff-plan
AED 1,731,627AED 1,022 per sqft

Source: Dubai Land Department. Updated 21 May 2013.

Key facts

Type
2-bed apartment
Size
1,693 sqft
Floor
15th of 31
Parking
B1-46
Developer
Global Group Holdings
Completed
2009
Service charge
AED 35,600 /yr
Last sold
AED 2.33M · May 2013
Building
Royal Oceanic Tower

About 1506, Royal Oceanic Tower

1506 is a two-bedroom apartment of 1,693 sqft on the 15th floor of Royal Oceanic Tower, a 31-storey tower in Dubai Marina completed in 2009 by Global Group Holdings. It last sold on 21 May 2013 for AED 2,330,000, or AED 1,376 per sqft, 8% above the AED 1,269 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1506 over time

Sales
Unit 1506, 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 1,731,627 (AED 1,022 per sqft)Sold, August 2010: AED 1,731,627 (AED 1,022 per sqft)Sold, May 2013: AED 2,330,000 (AED 1,376 per sqft)

1506 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1506, 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 1506 sits

All 90 2-beds →

1506 last sold in May 2013 at AED 1,376 per sqft, 8% above what two-beds in Royal Oceanic Tower were fetching at the time (AED 1,269). 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 15th floor

All 224 units in Royal Oceanic Tower
Value
15012-bedAED 1.88M · Aug 2010
15022-bedAED 2M · Dec 2016
15032-bedAED 1.35M · Aug 2010
15042-bedAED 1.93M · Feb 2025
15052-bedAED 2M · Apr 2025

1506, Royal Oceanic Tower in numbers

  • Sold 3 times: first on 23 February 2009 for AED 1,731,627, last on 21 May 2013 for AED 2,330,000 (AED 1,376 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 May 2013.

Questions about 1506, Royal Oceanic Tower

What did unit 1506 last sell for?

AED 2,330,000 on 21 May 2013: AED 1,376 per sqft for 1,693 sqft. The unit has 3 registered sales; the first was AED 1,731,627 in February 2009.

How big is unit 1506?

1,693 sqft (157.3 sqm): a two-bedroom apartment on the 15th floor of a 31-storey tower completed in 2009.

What is unit 1506 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 1506, Royal Oceanic Tower

Starts from the last sale price (AED 2.33M, 21 May 2013). Switch to today's estimate once you have unlocked it.
Price
AED 2,330,000
Deposit, UAE resident (20%)
AED 466,000
Deposit, non-resident (40%)
AED 932,000
Monthly over 25 years at 3.7%
AED 9,533

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