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Studio · 621 sqftRoyal Oceanic Tower, Dubai Marina · 4th floor · completed 2009

408, Royal Oceanic Tower

Sold prices and rental history: sold 3 times, last in January 2013, and rented once, from July 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 408 · DLD and Ejari recordsUpdated 15 July 2015
Last soldAED 625K13 January 2013
Current rentAED 63K /yr15 July 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 408, Royal Oceanic Tower

What is 408 worth today?

Last sold for AED 625,000 in 2013

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15 Jul 2015RentedNew contract
AED 63,000/yr12 months · AED 101 per sqft
13 Jan 2013SoldReady
AED 625,000AED 1,005 per sqft
1 Dec 2010SoldReady
AED 495,312AED 797 per sqft
15 Apr 2009Sold by developerOff-plan
AED 495,312AED 797 per sqft

Source: Dubai Land Department. Updated 15 July 2015.

Key facts

Type
Studio apartment
Size
621 sqft
Floor
4th of 31
Parking
B2-33
Developer
Global Group Holdings
Completed
2009
Service charge
AED 13,100 /yr
Last sold
AED 625K · January 2013
Building
Royal Oceanic Tower

About 408, Royal Oceanic Tower

408 is a studio of 621 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 13 January 2013 for AED 625,000, or AED 1,005 per sqft, in line with the AED 983 studios in the building were fetching at the time.

One Ejari contract is registered, from 15 July 2015. The current contract, signed on 15 July 2015, is AED 63,000 a year: a gross yield of 10.1% on the 2013 price, before the service charge of about AED 13,100 a year.

Sales and rents for 408 over time

Sales
Unit 408, each saleTypical studio in Royal Oceanic Tower
500K1M2009201420192024Typical sale price by year: 2009 AED 690,828; 2010 AED 660,000; 2011 AED 283,362; 2012 AED 550,000; 2013 AED 700,000; 2014 AED 1,030,000; 2015 AED 1,000,000; 2017 AED 925,000; 2019 AED 565,000; 2021 AED 735,000; 2022 AED 725,000; 2023 AED 815,000; 2024 AED 850,000; 2025 AED 970,000; 2026 AED 1,035,000Sold by developer, April 2009: AED 495,312 (AED 797 per sqft)Sold, December 2010: AED 495,312 (AED 797 per sqft)Sold, January 2013: AED 625,000 (AED 1,005 per sqft)

408 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 408, each contractTypical studio in Royal Oceanic Tower
40K60K80K2012201620202024Typical rent by year: 2012 AED 51,000; 2013 AED 65,000; 2014 AED 70,000; 2015 AED 75,000; 2016 AED 70,000; 2017 AED 70,000; 2018 AED 60,000; 2019 AED 55,000; 2020 AED 45,000; 2021 AED 44,000; 2022 AED 50,000; 2023 AED 60,000; 2024 AED 66,000; 2025 AED 70,000; 2026 AED 65,000New contract, July 2015: AED 63,000 a year

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

Studios in Royal Oceanic Tower, and where 408 sits

All 80 studios →

408 last sold in January 2013 at AED 1,005 per sqft, in line with what studios in Royal Oceanic Tower were fetching at the time (AED 983). Over the last 12 months studios sold for AED 950,000 to 1,275,000, around AED 2,014 per sqft, and rent for AED 54,838 to 80,000 a year. 408's AED 63,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
9 Oct 2026950,000
18 Aug 20261,275,000
24 Jul 20261,030,000
12 Mar 20261,040,000
4 studio 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
4041-bedAED 673K · Aug 2010
405StudioAED 519K · Aug 2010
406StudioAED 840K · Feb 2023
407StudioAED 437K · Aug 2010
1–7 of 11

408, Royal Oceanic Tower in numbers

  • Sold 3 times: first on 15 April 2009 for AED 495,312, last on 13 January 2013 for AED 625,000 (AED 1,005 per sqft).
  • Rented since July 2015 on one Ejari contract, at AED 63,000 a year.
  • At AED 63,000 a year the gross yield on the 2013 price is 10.1%, before a service charge of about AED 13,100 a year (AED 21.01 per sqft).
  • Studios in Royal Oceanic Tower sold for AED 950,000–1,275,000 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 15 July 2015.

Questions about 408, Royal Oceanic Tower

What did unit 408 last sell for?

AED 625,000 on 13 January 2013: AED 1,005 per sqft for 621 sqft. The unit has 3 registered sales; the first was AED 495,312 in April 2009.

What is the rent for unit 408?

AED 63,000 a year on the contract signed on 15 July 2015.

How big is unit 408?

621 sqft (57.7 sqm): a studio on the 4th floor of a 31-storey tower completed in 2009.

What is unit 408 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Royal Oceanic Tower sold for AED 950,000 to 1,275,000 in the last 12 months, around AED 2,014 per sqft.

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Mortgage on 408, Royal Oceanic Tower

Starts from the last sale price (AED 625K, 13 January 2013). Switch to today's estimate once you have unlocked it.
Price
AED 625,000
Deposit, UAE resident (20%)
AED 125,000
Deposit, non-resident (40%)
AED 250,000
Monthly over 25 years at 3.7%
AED 2,557

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