2-bed · 1,752 sqftRoyal Oceanic Tower, Dubai Marina · 28th floor · completed 2009

2802, Royal Oceanic Tower

Sold prices and rental history: sold twice, last in August 2010, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2802 · DLD and Ejari recordsUpdated 28 November 2023
Last soldAED 1.83M16 August 2010
Current rentAED 170K /yr28 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2802, Royal Oceanic Tower

What is 2802 worth today?

Last sold for AED 1,828,679 in 2010

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28 Nov 2023RentedRenewal
AED 170,000/yr12 months · AED 97 per sqft
28 Nov 2022RentedRenewal
AED 160,000/yr12 months · AED 91 per sqft
28 Nov 2021RentedNew contract
AED 160,000/yr12 months · AED 91 per sqft
11 Nov 2020RentedNew contract
AED 80,000/yr12 months · AED 46 per sqft
15 Apr 2019RentedNew contract
AED 110,000/yr12 months · AED 63 per sqft
16 Aug 2010SoldReady
AED 1,828,679AED 1,043 per sqft
16 Apr 2009Sold by developerOff-plan
AED 1,828,679AED 1,043 per sqft

Source: Dubai Land Department. Updated 28 November 2023.

Key facts

Type
2-bed apartment
Size
1,752 sqft
Floor
28th of 31
Parking
F1-18
Developer
Global Group Holdings
Completed
2009
Service charge
AED 36,800 /yr
Last sold
AED 1.83M · August 2010

About 2802, Royal Oceanic Tower

2802 is a two-bedroom apartment of 1,752 sqft on the 28th 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 1,828,679, or AED 1,043 per sqft, 11% below the AED 1,168 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 28 November 2023, is AED 170,000 a year: a gross yield of 9.3% on the 2010 price, before the service charge of about AED 36,800 a year.

Sales and rents for 2802 over time

Sales
Unit 2802, 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 1,828,679 (AED 1,043 per sqft)Sold, August 2010: AED 1,828,679 (AED 1,043 per sqft)

2802 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2802, 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, April 2019: AED 110,000 a yearNew contract, November 2020: AED 80,000 a yearNew contract, November 2021: AED 160,000 a yearRenewal, November 2022: AED 160,000 a yearRenewal, November 2023: AED 170,000 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 2802 sits

All 90 2-beds →

2802 last sold in August 2010 at AED 1,043 per sqft, 11% below 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. 2802's AED 170,000 is in the lower half 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 28th floor

All 224 units in Royal Oceanic Tower
Value
28013-bedAED 3.55M · Oct 2024
28032-bedAED 2.75M · Sep 2026
28043-bedAED 950K · May 2018

2802, Royal Oceanic Tower in numbers

  • Sold twice: first on 16 April 2009 for AED 1,828,679, last on 16 August 2010 for AED 1,828,679 (AED 1,043 per sqft).
  • Rented since April 2019 on 5 Ejari contracts. The rent fell from AED 110,000 to AED 80,000 in 2020 and recovered to AED 170,000 by November 2023.
  • At AED 170,000 a year the gross yield on the 2010 price is 9.3%, before a service charge of about AED 36,800 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 28 November 2023.

Questions about 2802, Royal Oceanic Tower

What did unit 2802 last sell for?

AED 1,828,679 on 16 August 2010: AED 1,043 per sqft for 1,752 sqft. The unit has 2 registered sales; the first was AED 1,828,679 in April 2009.

What is the rent for unit 2802?

AED 170,000 a year on the contract renewed on 28 November 2023. The previous contract, from November 2022, was AED 160,000; the unit has been rented since April 2019.

How big is unit 2802?

1,752 sqft (162.8 sqm): a two-bedroom apartment on the 28th floor of a 31-storey tower completed in 2009.

What is unit 2802 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 2802, Royal Oceanic Tower

Starts from the last sale price (AED 1.83M, 16 August 2010). Switch to today's estimate once you have unlocked it.
Price
AED 1,828,679
Deposit, UAE resident (20%)
AED 365,736
Deposit, non-resident (40%)
AED 731,472
Monthly over 25 years at 3.7%
AED 7,482

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