2-bed · 1,253 sqftRoyal Oceanic Tower, Dubai Marina · 24th floor · completed 2009

2402, Royal Oceanic Tower

Sold prices and rental history: sold 6 times, last in February 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2402 · DLD and Ejari recordsUpdated 6 February 2023
Last soldAED 1.5M6 February 2023
Current rentAED 95K /yr20 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2402, Royal Oceanic Tower

What is 2402 worth today?

Last sold for AED 1,500,000 in 2023

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6 Feb 2023SoldReady
AED 1,500,000AED 1,197 per sqft
20 May 2022RentedNew contract
AED 95,000/yr12 months · AED 76 per sqft
1 Apr 2021RentedNew contract
AED 90,000/yr12 months · AED 72 per sqft
23 Mar 2019RentedNew contract
AED 90,000/yr12 months · AED 72 per sqft
10 Feb 2018RentedNew contract
AED 115,000/yr12 months · AED 92 per sqft
12 Dec 2015RentedNew contract
AED 130,000/yr12 months · AED 104 per sqft
5 Nov 2014SoldReady
AED 2,360,000AED 1,883 per sqft
6 Jun 2013RentedNew contract
AED 115,000/yr12 months · AED 92 per sqft

Source: Dubai Land Department. Updated 6 February 2023.

Key facts

Type
2-bed apartment
Size
1,253 sqft
Floor
24th of 31
Parking
G-03
Developer
Global Group Holdings
Completed
2009
Service charge
AED 26,300 /yr
Last sold
AED 1.5M · February 2023

About 2402, Royal Oceanic Tower

2402 is a two-bedroom apartment of 1,253 sqft on the 24th floor of Royal Oceanic Tower, a 31-storey tower in Dubai Marina completed in 2009 by Global Group Holdings. It last sold on 6 February 2023 for AED 1,500,000, or AED 1,197 per sqft, 11% above the AED 1,083 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 20 May 2022, is AED 95,000 a year: a gross yield of 6.3% on the 2023 price, before the service charge of about AED 26,300 a year.

Sales and rents for 2402 over time

Sales
Unit 2402, 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, April 2009: AED 1,581,033 (AED 1,262 per sqft)Sold, August 2010: AED 1,581,033 (AED 1,262 per sqft)Sold, February 2013: AED 1,400,000 (AED 1,117 per sqft)Sold, April 2013: AED 1,650,000 (AED 1,317 per sqft)Sold, November 2014: AED 2,360,000 (AED 1,883 per sqft)Sold, February 2023: AED 1,500,000 (AED 1,197 per sqft)

2402 has sold 6 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2402, 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 135,000New contract, June 2013: AED 115,000 a yearNew contract, December 2015: AED 130,000 a yearNew contract, February 2018: AED 115,000 a yearNew contract, March 2019: AED 90,000 a yearNew contract, April 2021: AED 90,000 a yearNew contract, May 2022: AED 95,000 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 2402 sits

All 90 2-beds →

2402 last sold in February 2023 at AED 1,197 per sqft, 11% above what two-beds in Royal Oceanic Tower were fetching at the time (AED 1,083). 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. 2402's AED 95,000 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 24th floor

All 224 units in Royal Oceanic Tower
Value
24012-bedAED 2.5M · Jul 2016
24032-bedAED 2.3M · Nov 2013
24042-bedAED 1.52M · Aug 2010
24052-bedAED 1M · Nov 2025
24062-bedAED 2.8M · Feb 2017

2402, Royal Oceanic Tower in numbers

  • Sold 6 times: first on 16 April 2009 for AED 1,581,033, last on 6 February 2023 for AED 1,500,000 (AED 1,197 per sqft).
  • Rented since June 2013 on 6 Ejari contracts, from AED 115,000 to AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2023 price is 6.3%, 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 6 February 2023.

Questions about 2402, Royal Oceanic Tower

What did unit 2402 last sell for?

AED 1,500,000 on 6 February 2023: AED 1,197 per sqft for 1,253 sqft. The unit has 6 registered sales; the first was AED 1,581,033 in April 2009.

What is the rent for unit 2402?

AED 95,000 a year on the contract signed on 20 May 2022. The previous contract, from April 2021, was AED 90,000; the unit has been rented since June 2013.

How big is unit 2402?

1,253 sqft (116.4 sqm): a two-bedroom apartment on the 24th floor of a 31-storey tower completed in 2009.

What is unit 2402 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 2402, Royal Oceanic Tower

Starts from the last sale price (AED 1.5M, 6 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,500,000
Deposit, UAE resident (20%)
AED 300,000
Deposit, non-resident (40%)
AED 600,000
Monthly over 25 years at 3.7%
AED 6,137

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