2-bed · 1,610 sqftRoyal Oceanic Tower, Dubai Marina · 17th floor · completed 2009

1701, 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.

Unit 1701 · DLD and Ejari recordsUpdated 2 January 2021
Last soldAED 1.99M16 August 2010
Current rentAED 90K /yr2 January 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1701, Royal Oceanic Tower

What is 1701 worth today?

Last sold for AED 1,986,950 in 2010

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2 Jan 2021RentedNew contract
AED 90,000/yr12 months · AED 56 per sqft
10 Feb 2020RentedNew contract
AED 120,000/yr12 months · AED 74 per sqft
15 Nov 2017RentedNew contract
AED 135,000/yr12 months · AED 84 per sqft
15 Aug 2016RentedRenewal
AED 165,000/yr12 months · AED 102 per sqft
15 Aug 2015RentedRenewal
AED 165,000/yr12 months · AED 102 per sqft
15 Aug 2014RentedNew contract
AED 165,000/yr12 months · AED 102 per sqft
16 Aug 2010SoldReady
AED 1,986,950AED 1,234 per sqft
26 Jan 2010Sold by developerOff-plan
AED 1,986,950AED 1,234 per sqft

Source: Dubai Land Department. Updated 2 January 2021.

Key facts

Type
2-bed apartment
Size
1,610 sqft
Floor
17th of 31
Parking
B1-53
Developer
Global Group Holdings
Completed
2009
Service charge
AED 33,800 /yr
Last sold
AED 1.99M · August 2010

About 1701, Royal Oceanic Tower

1701 is a two-bedroom apartment of 1,610 sqft on the 17th floor of Royal Oceanic Tower, a 31-storey tower in Dubai Marina completed in 2009 by Global Group Holdings. It last sold on 16 August 2010 for AED 1,986,950, or AED 1,234 per sqft, 6% above the AED 1,168 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, signed on 2 January 2021, is AED 90,000 a year: a gross yield of 4.5% on the 2010 price, before the service charge of about AED 33,800 a year.

Sales and rents for 1701 over time

Sales
Unit 1701, 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, January 2010: AED 1,986,950 (AED 1,234 per sqft)Sold, August 2010: AED 1,986,950 (AED 1,234 per sqft)

1701 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1701, each contractTypical two-bed in Royal Oceanic Tower
100K150K2012201620202024Typical 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 135,000New contract, August 2014: AED 165,000 a yearRenewal, August 2015: AED 165,000 a yearRenewal, August 2016: AED 165,000 a yearNew contract, November 2017: AED 135,000 a yearNew contract, February 2020: AED 120,000 a yearNew contract, January 2021: AED 90,000 a year

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 1701 sits

All 90 2-beds →

1701 last sold in August 2010 at AED 1,234 per sqft, 6% above what two-beds in Royal Oceanic Tower were fetching at the time (AED 1,168). 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. 1701's AED 90,000 is at the bottom of that range.

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 17th floor

All 224 units in Royal Oceanic Tower
Value
17022-bedAED 1.3M · Jul 2022
17032-bedAED 1.42M · Aug 2010
17042-bedAED 2.28M · May 2024
17052-bedAED 2.15M · Mar 2026
17062-bedAED 1.67M · Aug 2010

1701, Royal Oceanic Tower in numbers

  • Sold twice: first on 26 January 2010 for AED 1,986,950, last on 16 August 2010 for AED 1,986,950 (AED 1,234 per sqft).
  • Rented since August 2014 on 6 Ejari contracts, from AED 165,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2010 price is 4.5%, before a service charge of about AED 33,800 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 2 January 2021.

Questions about 1701, Royal Oceanic Tower

What did unit 1701 last sell for?

AED 1,986,950 on 16 August 2010: AED 1,234 per sqft for 1,610 sqft. The unit has 2 registered sales; the first was AED 1,986,950 in January 2010.

What is the rent for unit 1701?

AED 90,000 a year on the contract signed on 2 January 2021. The previous contract, from February 2020, was AED 120,000; the unit has been rented since August 2014.

How big is unit 1701?

1,610 sqft (149.6 sqm): a two-bedroom apartment on the 17th floor of a 31-storey tower completed in 2009.

What is unit 1701 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 1701, Royal Oceanic Tower

Starts from the last sale price (AED 1.99M, 16 August 2010). Switch to today's estimate once you have unlocked it.
Price
AED 1,986,950
Deposit, UAE resident (20%)
AED 397,390
Deposit, non-resident (40%)
AED 794,780
Monthly over 25 years at 3.7%
AED 8,129

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