1-bed · 764 sqftRoyal Oceanic Tower, Dubai Marina · 4th floor · completed 2009

404, 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 404 · DLD and Ejari recordsUpdated 5 July 2023
Last soldAED 673K17 August 2010
Current rentAED 55K /yr5 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 404, Royal Oceanic Tower

What is 404 worth today?

Last sold for AED 672,933 in 2010

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5 Jul 2023RentedRenewal
AED 55,200/yr12 months · AED 72 per sqft
5 Jul 2022RentedRenewal
AED 55,200/yr12 months · AED 72 per sqft
5 Jul 2021RentedNew contract
AED 36,667/yr12 months · AED 48 per sqft
15 Apr 2020RentedRenewal
AED 63,000/yr12 months · AED 82 per sqft
15 Apr 2019RentedRenewal
AED 63,000/yr12 months · AED 82 per sqft
15 Apr 2018RentedRenewal
AED 80,000/yr12 months · AED 105 per sqft
15 Apr 2017RentedRenewal
AED 89,250/yr12 months · AED 117 per sqft
15 Apr 2016RentedRenewal
AED 89,250/yr12 months · AED 117 per sqft

Source: Dubai Land Department. Updated 5 July 2023.

Key facts

Type
1-bed apartment
Size
764 sqft
Floor
4th of 31
Parking
B2-28
Developer
Global Group Holdings
Completed
2009
Service charge
AED 16,000 /yr
Last sold
AED 673K · August 2010

About 404, Royal Oceanic Tower

404 is a one-bedroom apartment of 764 sqft on the 4th floor of Royal Oceanic Tower, a 31-storey tower in Dubai Marina completed in 2009 by Global Group Holdings. It last sold on 17 August 2010 for AED 672,933, or AED 881 per sqft, 15% below the AED 1,033 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, renewed on 5 July 2023, is AED 55,200 a year: a gross yield of 8.2% on the 2010 price, before the service charge of about AED 16,000 a year.

Sales and rents for 404 over time

Sales
Unit 404, each saleTypical one-bed in Royal Oceanic Tower
500K1M1.5M2009201420192024Typical sale price by year: 2009 AED 910,043; 2010 AED 789,640; 2011 AED 395,843; 2012 AED 830,000; 2013 AED 862,500; 2014 AED 1,460,000; 2015 AED 1,000,000; 2017 AED 1,142,500; 2019 AED 700,000; 2022 AED 1,025,000; 2023 AED 1,150,000; 2024 AED 1,000,000; 2025 AED 1,260,000Sold by developer, April 2009: AED 672,933 (AED 881 per sqft)Sold, August 2010: AED 672,933 (AED 881 per sqft)

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

Rents
Unit 404, each contractTypical one-bed in Royal Oceanic Tower
50K75K2012201620202024Typical rent by year: 2012 AED 60,000; 2013 AED 78,000; 2014 AED 85,000; 2015 AED 90,000; 2016 AED 90,000; 2017 AED 89,250; 2018 AED 72,500; 2019 AED 72,800; 2020 AED 50,000; 2021 AED 48,000; 2022 AED 65,000; 2023 AED 72,500; 2024 AED 84,000; 2025 AED 83,000; 2026 AED 84,000New contract, March 2014: AED 82,000 a yearNew contract, April 2015: AED 85,000 a yearRenewal, April 2016: AED 89,250 a yearRenewal, April 2017: AED 89,250 a yearRenewal, April 2018: AED 80,000 a yearRenewal, April 2019: AED 63,000 a yearRenewal, April 2020: AED 63,000 a yearNew contract, July 2021: AED 36,667 a yearRenewal, July 2022: AED 55,200 a yearRenewal, July 2023: AED 55,200 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Royal Oceanic Tower, and where 404 sits

All 40 1-beds →

404 last sold in August 2010 at AED 881 per sqft, 15% below what one-beds in Royal Oceanic Tower were fetching at the time (AED 1,033). Over the last 12 months one-beds sold for AED 1,055,000 to 1,210,000, around AED 1,463 per sqft, and rent for AED 55,000 to 140,000 a year. 404's AED 55,200 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
24 Sep 20261,210,000
19 Sep 20261,055,000
20 Aug 20251,340,000
19 Aug 20251,300,000
2 1-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 4th floor

All 224 units in Royal Oceanic Tower
Value
401StudioAED 850K · Nov 2022
402StudioAED 735K · Apr 2013
4031-bedAED 1.03M · Nov 2023
405StudioAED 519K · Aug 2010
406StudioAED 840K · Feb 2023
407StudioAED 437K · Aug 2010
408StudioAED 625K · Jan 2013
1–7 of 11

404, Royal Oceanic Tower in numbers

  • Sold twice: first on 15 April 2009 for AED 672,933, last on 17 August 2010 for AED 672,933 (AED 881 per sqft).
  • Rented since March 2014 on 10 Ejari contracts. The rent fell from AED 82,000 to AED 36,667 in 2021 and recovered to AED 55,200 by July 2023.
  • At AED 55,200 a year the gross yield on the 2010 price is 8.2%, before a service charge of about AED 16,000 a year (AED 21.01 per sqft).
  • One-beds in Royal Oceanic Tower sold for AED 1,055,000–1,210,000 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 5 July 2023.

Questions about 404, Royal Oceanic Tower

What did unit 404 last sell for?

AED 672,933 on 17 August 2010: AED 881 per sqft for 764 sqft. The unit has 2 registered sales; the first was AED 672,933 in April 2009.

What is the rent for unit 404?

AED 55,200 a year on the contract renewed on 5 July 2023. The previous contract, from July 2022, was AED 55,200; the unit has been rented since March 2014.

How big is unit 404?

764 sqft (71.0 sqm): a one-bedroom apartment on the 4th floor of a 31-storey tower completed in 2009.

What is unit 404 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Royal Oceanic Tower sold for AED 1,055,000 to 1,210,000 in the last 12 months, around AED 1,463 per sqft.

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Mortgage on 404, Royal Oceanic Tower

Starts from the last sale price (AED 673K, 17 August 2010). Switch to today's estimate once you have unlocked it.
Price
AED 672,933
Deposit, UAE resident (20%)
AED 134,587
Deposit, non-resident (40%)
AED 269,173
Monthly over 25 years at 3.7%
AED 2,753

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