506, Royal Oceanic Tower
Sold prices and rental history: sold 4 times, last in June 2013, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Royal Oceanic Tower
What is 506 worth today?
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Source: Dubai Land Department. Updated 6 March 2026.
Key facts
- Type
- Studio apartment
- Size
- 514 sqft
- Floor
- 5th of 31
- Parking
- B2-41
- Developer
- Global Group Holdings
- Completed
- 2009
- Service charge
- AED 10,800 /yr
- Last sold
- AED 780K · June 2013
- Building
- Royal Oceanic Tower
About 506, Royal Oceanic Tower
506 is a studio of 514 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 June 2013 for AED 780,000, or AED 1,518 per sqft, 40% above the AED 1,086 studios in the building were fetching at the time.
It has been rented continuously since 2012 on 9 Ejari contracts. The current contract, signed on 6 March 2026, is AED 70,000 a year: a gross yield of 9.0% on the 2013 price, before the service charge of about AED 10,800 a year.
Sales and rents for 506 over time
506 has sold 4 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 506 sits
All 80 studios →506 last sold in June 2013 at AED 1,518 per sqft, 40% above what studios in Royal Oceanic Tower were fetching at the time (AED 1,086). 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. 506's AED 70,000 is in the upper 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 | |
| 505 | Studio | 634 sqft | AED 1.03MAED 1,025,000 · Apr 2017April 2017 | 65,000 /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 |
506, Royal Oceanic Tower in numbers
- Sold 4 times: first on 12 February 2009 for AED 442,093, last on 18 June 2013 for AED 780,000 (AED 1,518 per sqft).
- Rented since December 2012 on 9 Ejari contracts, from AED 50,000 to AED 70,000 a year.
- At AED 70,000 a year the gross yield on the 2013 price is 9.0%, before a service charge of about AED 10,800 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 6 March 2026.
Questions about 506, Royal Oceanic Tower
What did unit 506 last sell for?
AED 780,000 on 18 June 2013: AED 1,518 per sqft for 514 sqft. The unit has 4 registered sales; the first was AED 442,093 in February 2009.
What is the rent for unit 506?
AED 70,000 a year on the contract signed on 6 March 2026. The previous contract, from March 2024, was AED 70,000; the unit has been rented since December 2012.
How big is unit 506?
514 sqft (47.8 sqm): a studio on the 5th floor of a 31-storey tower completed in 2009.
What is unit 506 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 506, Royal Oceanic Tower
Starts from the last sale price (AED 780K, 18 June 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 780,000
- Deposit, UAE resident (20%)
- AED 156,000
- Deposit, non-resident (40%)
- AED 312,000
- Monthly over 25 years at 3.7%
- AED 3,191
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →