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1-bed · 764 sqftRoyal Oceanic Tower, Dubai Marina · 5th floor · completed 2009

503, Royal Oceanic Tower

Sold prices and rental history: sold 4 times, last in March 2020, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503 · DLD and Ejari recordsUpdated 21 April 2024
Last soldAED 600K11 March 2020
Current rentAED 130K /yr21 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 503, Royal Oceanic Tower

What is 503 worth today?

Last sold for AED 600,000 in 2020

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21 Apr 2024RentedNew contract
AED 130,000/yr12 months · AED 170 per sqft
11 Mar 2020SoldReady
AED 600,000AED 785 per sqft
1 Oct 2016RentedNew contract
AED 120,000/yr12 months · AED 157 per sqft
27 Apr 2014SoldReady
AED 1,460,000AED 1,911 per sqft
16 Aug 2010SoldReady
AED 1,210,660AED 1,585 per sqft
29 Apr 2009Sold by developerOff-plan
AED 1,210,660AED 1,585 per sqft

Source: Dubai Land Department. Updated 21 April 2024.

Key facts

Type
1-bed apartment
Size
764 sqft
Floor
5th of 31
Parking
B2-38
Developer
Global Group Holdings
Completed
2009
Service charge
AED 16,000 /yr
Last sold
AED 600K · March 2020
Building
Royal Oceanic Tower

About 503, Royal Oceanic Tower

503 is a one-bedroom apartment of 764 sqft on the 5th floor of Royal Oceanic Tower, a 31-storey tower in Dubai Marina completed in 2009 by Global Group Holdings. It last sold on 11 March 2020 for AED 600,000, or AED 785 per sqft, 5% below the AED 826 one-beds in the building were fetching at the time.

It has been rented since 2016 on 2 Ejari contracts. The current contract, signed on 21 April 2024, is AED 130,000 a year: a gross yield of 21.7% on the 2020 price, before the service charge of about AED 16,000 a year.

Sales and rents for 503 over time

Sales
Unit 503, 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 1,210,660 (AED 1,585 per sqft)Sold, August 2010: AED 1,210,660 (AED 1,585 per sqft)Sold, April 2014: AED 1,460,000 (AED 1,911 per sqft)Sold, March 2020: AED 600,000 (AED 785 per sqft)

503 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 503, each contractTypical one-bed in Royal Oceanic Tower
50K100K2012201620202024Typical 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, October 2016: AED 120,000 a yearNew contract, April 2024: AED 130,000 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 503 sits

All 40 1-beds →

503 last sold in March 2020 at AED 785 per sqft, 5% below what one-beds in Royal Oceanic Tower were fetching at the time (AED 826). 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. 503's AED 130,000 is in the upper 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 5th floor

All 224 units in Royal Oceanic Tower
Value
501StudioAED 261K · Mar 2011
502StudioAED 1.03M · Jun 2025
5041-bedAED 1M · Nov 2017
505StudioAED 1.03M · Apr 2017
506StudioAED 780K · Jun 2013
507StudioAED 442K · Aug 2010
508StudioAED 680K · Dec 2022
1–7 of 11

503, Royal Oceanic Tower in numbers

  • Sold 4 times: first on 29 April 2009 for AED 1,210,660, last on 11 March 2020 for AED 600,000 (AED 785 per sqft).
  • Rented since October 2016 on 2 Ejari contracts, from AED 120,000 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2020 price is 21.7%, 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 21 April 2024.

Questions about 503, Royal Oceanic Tower

What did unit 503 last sell for?

AED 600,000 on 11 March 2020: AED 785 per sqft for 764 sqft. The unit has 4 registered sales; the first was AED 1,210,660 in April 2009.

What is the rent for unit 503?

AED 130,000 a year on the contract signed on 21 April 2024. The previous contract, from October 2016, was AED 120,000.

How big is unit 503?

764 sqft (71.0 sqm): a one-bedroom apartment on the 5th floor of a 31-storey tower completed in 2009.

What is unit 503 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 503, Royal Oceanic Tower

Starts from the last sale price (AED 600K, 11 March 2020). Switch to today's estimate once you have unlocked it.
Price
AED 600,000
Deposit, UAE resident (20%)
AED 120,000
Deposit, non-resident (40%)
AED 240,000
Monthly over 25 years at 3.7%
AED 2,455

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