508, Royal Oceanic Tower
Sold prices and rental history: sold 4 times, last in December 2022, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Royal Oceanic Tower
What is 508 worth today?
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Source: Dubai Land Department. Updated 4 February 2026.
Key facts
- Type
- Studio apartment
- Size
- 621 sqft
- Floor
- 5th of 31
- Parking
- B2-43
- Developer
- Global Group Holdings
- Completed
- 2009
- Service charge
- AED 13,100 /yr
- Last sold
- AED 680K · December 2022
- Building
- Royal Oceanic Tower
About 508, Royal Oceanic Tower
508 is a studio of 621 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 27 December 2022 for AED 680,000, or AED 1,094 per sqft, 11% below the AED 1,230 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 8 Ejari contracts. The current contract, renewed on 4 February 2026, is AED 66,000 a year: a gross yield of 9.7% on the 2022 price, before the service charge of about AED 13,100 a year.
Sales and rents for 508 over time
508 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 508 sits
All 80 studios →508 last sold in December 2022 at AED 1,094 per sqft, 11% below what studios in Royal Oceanic Tower were fetching at the time (AED 1,230). 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. 508's AED 66,000 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 | |
| 505 | Studio | 634 sqft | AED 1.03MAED 1,025,000 · Apr 2017April 2017 | 65,000 /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 | |
| 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 |
508, Royal Oceanic Tower in numbers
- Sold 4 times: first on 6 May 2009 for AED 1,055,020, last on 27 December 2022 for AED 680,000 (AED 1,094 per sqft).
- Rented since November 2018 on 8 Ejari contracts. The rent fell from AED 55,000 to AED 48,000 in 2019 and recovered to AED 66,000 by February 2026.
- At AED 66,000 a year the gross yield on the 2022 price is 9.7%, 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 4 February 2026.
Questions about 508, Royal Oceanic Tower
What did unit 508 last sell for?
AED 680,000 on 27 December 2022: AED 1,094 per sqft for 621 sqft. The unit has 4 registered sales; the first was AED 1,055,020 in May 2009.
What is the rent for unit 508?
AED 66,000 a year on the contract renewed on 4 February 2026. The previous contract, from February 2025, was AED 66,000; the unit has been rented since November 2018.
How big is unit 508?
621 sqft (57.7 sqm): a studio on the 5th floor of a 31-storey tower completed in 2009.
What is unit 508 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 508, Royal Oceanic Tower
Starts from the last sale price (AED 680K, 27 December 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 680,000
- Deposit, UAE resident (20%)
- AED 136,000
- Deposit, non-resident (40%)
- AED 272,000
- Monthly over 25 years at 3.7%
- AED 2,782
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →