1602, Royal Oceanic Tower
Sold prices and rental history: sold twice, last in August 2010, 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 1602, Royal Oceanic Tower
What is 1602 worth today?
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Source: Dubai Land Department. Updated 25 November 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,253 sqft
- Floor
- 16th of 31
- Parking
- B1-48
- Developer
- Global Group Holdings
- Completed
- 2009
- Service charge
- AED 26,300 /yr
- Last sold
- AED 1.7M · August 2010
- Building
- Royal Oceanic Tower
About 1602, Royal Oceanic Tower
1602 is a two-bedroom apartment of 1,253 sqft on the 16th floor of Royal Oceanic Tower, a 31-storey tower in Dubai Marina completed in 2009 by Global Group Holdings. It last sold on 29 August 2010 for AED 1,703,347, or AED 1,359 per sqft, 19% above the AED 1,145 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, renewed on 25 November 2023, is AED 75,600 a year: a gross yield of 4.4% on the 2010 price, before the service charge of about AED 26,300 a year.
Sales and rents for 1602 over time
1602 has sold twice; 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 1602 sits
All 90 2-beds →1602 last sold in August 2010 at AED 1,359 per sqft, 19% above what two-beds in Royal Oceanic Tower were fetching at the time (AED 1,145). 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. 1602's AED 75,600 is at the bottom 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 16th floor
All 224 units in Royal Oceanic Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,610 sqft | AED 2.3MAED 2,300,000 · Oct 2013October 2013 | 97,500 /yr | |
| 1603 | 2-bed | 1,339 sqft | AED 1.45MAED 1,450,000 · Dec 2022December 2022 | 130,200 /yr | |
| 1604 | 2-bed | 1,310 sqft | AED 2.1MAED 2,100,000 · Mar 2026March 2026 | 126,500 /yr | |
| 1605 | 2-bed | 1,203 sqft | AED 2MAED 2,000,000 · Aug 2024August 2024 | 102,000 /yr | |
| 1606 | 2-bed | 1,693 sqft | AED 3.05MAED 3,050,000 · May 2014May 2014 | 95,000 /yr |
1602, Royal Oceanic Tower in numbers
- Sold twice: first on 21 January 2010 for AED 1,703,347, last on 29 August 2010 for AED 1,703,347 (AED 1,359 per sqft).
- Rented since May 2014 on 8 Ejari contracts. The rent fell from AED 140,000 to AED 63,000 in 2021 and recovered to AED 75,600 by November 2023.
- At AED 75,600 a year the gross yield on the 2010 price is 4.4%, 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 25 November 2023.
Questions about 1602, Royal Oceanic Tower
What did unit 1602 last sell for?
AED 1,703,347 on 29 August 2010: AED 1,359 per sqft for 1,253 sqft. The unit has 2 registered sales; the first was AED 1,703,347 in January 2010.
What is the rent for unit 1602?
AED 75,600 a year on the contract renewed on 25 November 2023. The previous contract, from November 2023, was AED 75,600; the unit has been rented since May 2014.
How big is unit 1602?
1,253 sqft (116.4 sqm): a two-bedroom apartment on the 16th floor of a 31-storey tower completed in 2009.
What is unit 1602 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 1602, Royal Oceanic Tower
Starts from the last sale price (AED 1.7M, 29 August 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 1,703,347
- Deposit, UAE resident (20%)
- AED 340,669
- Deposit, non-resident (40%)
- AED 681,339
- Monthly over 25 years at 3.7%
- AED 6,969
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →