512, Royal Oceanic Tower
Sold prices and rental history: sold 4 times, last in February 2015, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 512, Royal Oceanic Tower
What is 512 worth today?
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Source: Dubai Land Department. Updated 16 August 2024.
Key facts
- Type
- Studio apartment
- Size
- 559 sqft
- Floor
- 5th of 31
- Parking
- B2-47
- Developer
- Global Group Holdings
- Completed
- 2009
- Service charge
- AED 11,800 /yr
- Last sold
- AED 1.15M · February 2015
- Building
- Royal Oceanic Tower
About 512, Royal Oceanic Tower
512 is a studio of 559 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 3 February 2015 for AED 1,150,000, or AED 2,055 per sqft, 23% above the AED 1,670 studios in the building were fetching at the time.
It has been rented continuously since 2016 on 9 Ejari contracts. The current contract, renewed on 16 August 2024, is AED 46,234 a year: a gross yield of 4.0% on the 2015 price, before the service charge of about AED 11,800 a year.
Sales and rents for 512 over time
512 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 512 sits
All 80 studios →512 last sold in February 2015 at AED 2,055 per sqft, 23% above what studios in Royal Oceanic Tower were fetching at the time (AED 1,670). 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. 512's AED 46,234 is at the bottom 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 | |
| 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, Royal Oceanic Tower in numbers
- Sold 4 times: first on 29 April 2009 for AED 978,236, last on 3 February 2015 for AED 1,150,000 (AED 2,055 per sqft).
- Rented since June 2016 on 9 Ejari contracts. The rent fell from AED 75,000 to AED 38,000 in 2020 and recovered to AED 46,234 by August 2024.
- At AED 46,234 a year the gross yield on the 2015 price is 4.0%, before a service charge of about AED 11,800 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 16 August 2024.
Questions about 512, Royal Oceanic Tower
What did unit 512 last sell for?
AED 1,150,000 on 3 February 2015: AED 2,055 per sqft for 559 sqft. The unit has 4 registered sales; the first was AED 978,236 in April 2009.
What is the rent for unit 512?
AED 46,234 a year on the contract renewed on 16 August 2024. The previous contract, from August 2024, was AED 46,234; the unit has been rented since June 2016.
How big is unit 512?
559 sqft (51.9 sqm): a studio on the 5th floor of a 31-storey tower completed in 2009.
What is unit 512 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 512, Royal Oceanic Tower
Starts from the last sale price (AED 1.15M, 3 February 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 1,150,000
- Deposit, UAE resident (20%)
- AED 230,000
- Deposit, non-resident (40%)
- AED 460,000
- Monthly over 25 years at 3.7%
- AED 4,705
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →