505, Royal Oceanic Tower
Sold prices and rental history: sold 3 times, last in April 2017, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Royal Oceanic Tower
What is 505 worth today?
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Source: Dubai Land Department. Updated 15 September 2026.
Key facts
- Type
- Studio apartment
- Size
- 634 sqft
- Floor
- 5th of 31
- Parking
- B2-40
- Developer
- Global Group Holdings
- Completed
- 2009
- Service charge
- AED 13,300 /yr
- Last sold
- AED 1.03M · April 2017
- Building
- Royal Oceanic Tower
About 505, Royal Oceanic Tower
505 is a studio of 634 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 18 April 2017 for AED 1,025,000, or AED 1,616 per sqft, in line with the AED 1,616 studios in the building were fetching at the time.
It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, signed on 15 September 2026, is AED 65,000 a year: a gross yield of 6.3% on the 2017 price, before the service charge of about AED 13,300 a year.
Sales and rents for 505 over time
505 has sold 3 times; the dashed line is the studio median of each year in the building.
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 505 sits
All 80 studios →505 last sold in April 2017 at AED 1,616 per sqft, in line with what studios in Royal Oceanic Tower were fetching at the time (AED 1,616). 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. 505's AED 65,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Oct 20269 October 2026 | 565 sqft | 950,000 | 1,682 | ||
| 18 Aug 202618 August 2026 | 559 sqft | 1,275,000 | 2,279 | ||
| 24 Jul 202624 July 2026 | 514 sqft | 1,030,000 | 2,004 | ||
| 12 Mar 202612 March 2026 | 514 sqft | 1,040,000 | 2,024 |
Royal Oceanic Tower
Building224 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%
Other units on the 5th floor
All 224 units in Royal Oceanic Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | Studio | 565 sqft | AED 261KAED 261,291 · Mar 2011March 2011 | 80,000 /yr | |
| 502 | Studio | 654 sqft | AED 1.03MAED 1,030,000 · Jun 2025June 2025 | 2,000 /yr | |
| 503 | 1-bed | 764 sqft | AED 600KAED 600,000 · Mar 2020March 2020 | 130,000 /yr | |
| 504 | 1-bed | 764 sqft | AED 1MAED 1,000,000 · Nov 2017November 2017 | 69,613 /yr | |
| 506 | Studio | 514 sqft | AED 780KAED 780,000 · Jun 2013June 2013 | 70,000 /yr | |
| 507 | Studio | 514 sqft | AED 442KAED 442,006 · Aug 2010August 2010 | 64,000 /yr | |
| 508 | Studio | 621 sqft | AED 680KAED 680,000 · Dec 2022December 2022 | 66,000 /yr | |
| 509 | 1-bed | 787 sqft | AED 1.26MAED 1,260,000 · Apr 2017April 2017 | 87,150 /yr | |
| 510 | 1-bed | 792 sqft | AED 870KAED 870,000 · Feb 2013February 2013 | 77,100 /yr | |
| 511 | Studio | 658 sqft | AED 1.1MAED 1,100,000 · Oct 2014October 2014 | 70,000 /yr | |
| 512 | Studio | 559 sqft | AED 1.15MAED 1,150,000 · Feb 2015February 2015 | 46,234 /yr |
505, Royal Oceanic Tower in numbers
- Sold 3 times: first on 31 March 2011 for AED 268,050, last on 18 April 2017 for AED 1,025,000 (AED 1,616 per sqft).
- Rented since February 2019 on 6 Ejari contracts. The rent fell from AED 60,000 to AED 42,000 in 2021 and recovered to AED 65,000 by September 2026.
- At AED 65,000 a year the gross yield on the 2017 price is 6.3%, before a service charge of about AED 13,300 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 September 2026.
Questions about 505, Royal Oceanic Tower
What did unit 505 last sell for?
AED 1,025,000 on 18 April 2017: AED 1,616 per sqft for 634 sqft. The unit has 3 registered sales; the first was AED 268,050 in March 2011.
What is the rent for unit 505?
AED 65,000 a year on the contract signed on 15 September 2026. The previous contract, from August 2023, was AED 65,000; the unit has been rented since February 2019.
How big is unit 505?
634 sqft (58.9 sqm): a studio on the 5th floor of a 31-storey tower completed in 2009.
What is unit 505 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 505, Royal Oceanic Tower
Starts from the last sale price (AED 1.03M, 18 April 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 1,025,000
- Deposit, UAE resident (20%)
- AED 205,000
- Deposit, non-resident (40%)
- AED 410,000
- Monthly over 25 years at 3.7%
- AED 4,194
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →