701, Royal Oceanic Tower
Sold prices and rental history: sold 4 times, last in December 2021, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, Royal Oceanic Tower
What is 701 worth today?
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Source: Dubai Land Department. Updated 1 February 2025.
Key facts
- Type
- Studio apartment
- Size
- 565 sqft
- Floor
- 7th of 31
- Parking
- B2-60
- Developer
- Global Group Holdings
- Completed
- 2009
- Service charge
- AED 11,900 /yr
- Last sold
- AED 750K · December 2021
- Building
- Royal Oceanic Tower
About 701, Royal Oceanic Tower
701 is a studio of 565 sqft on the 7th floor of Royal Oceanic Tower, a 31-storey tower in Dubai Marina completed in 2009 by Global Group Holdings. It last sold on 21 December 2021 for AED 750,000, or AED 1,328 per sqft, 10% above the AED 1,205 studios in the building were fetching at the time.
It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 1 February 2025, is AED 60,000 a year: a gross yield of 8.0% on the 2021 price, before the service charge of about AED 11,900 a year.
Sales and rents for 701 over time
701 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 701 sits
All 80 studios →701 last sold in December 2021 at AED 1,328 per sqft, 10% above what studios in Royal Oceanic Tower were fetching at the time (AED 1,205). 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. 701's AED 60,000 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 7th floor
All 224 units in Royal Oceanic Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | Studio | 654 sqft | AED 1MAED 1,000,000 · May 2014May 2014 | 55,000 /yr | |
| 703 | 1-bed | 764 sqft | AED 1.55MAED 1,550,000 · Dec 2014December 2014 | 73,000 /yr | |
| 704 | 1-bed | 764 sqft | AED 815KAED 815,000 · Feb 2013February 2013 | 84,000 /yr | |
| 705 | Studio | 634 sqft | AED 500KAED 500,000 · Dec 2012December 2012 | 80,000 /yr | |
| 706 | Studio | 514 sqft | AED 1.01MAED 1,010,000 · Jun 2025June 2025 | 39,100 /yr | |
| 707 | Studio | 514 sqft | AED 585KAED 585,000 · Feb 2013February 2013 | 63,800 /yr | |
| 708 | Studio | 621 sqft | AED 700KAED 700,000 · Oct 2022October 2022 | 47,000 /yr | |
| 709 | 1-bed | 787 sqft | AED 1.06MAED 1,055,000 · Sep 2026September 2026 | 80,000 /yr | |
| 710 | 1-bed | 792 sqft | AED 950KAED 950,000 · Jan 2019January 2019 | 69,000 /yr | |
| 711 | Studio | 658 sqft | AED 584KAED 584,055 · Aug 2010August 2010 | 63,000 /yr | |
| 712 | Studio | 559 sqft | AED 710KAED 710,000 · Jun 2013June 2013 | 70,000 /yr |
701, Royal Oceanic Tower in numbers
- Sold 4 times: first on 31 March 2011 for AED 275,971, last on 21 December 2021 for AED 750,000 (AED 1,328 per sqft).
- Rented since December 2013 on 10 Ejari contracts. The rent fell from AED 80,000 to AED 44,000 in 2020 and recovered to AED 60,000 by February 2025.
- At AED 60,000 a year the gross yield on the 2021 price is 8.0%, before a service charge of about AED 11,900 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 1 February 2025.
Questions about 701, Royal Oceanic Tower
What did unit 701 last sell for?
AED 750,000 on 21 December 2021: AED 1,328 per sqft for 565 sqft. The unit has 4 registered sales; the first was AED 275,971 in March 2011.
What is the rent for unit 701?
AED 60,000 a year on the contract renewed on 1 February 2025. The previous contract, from February 2025, was AED 60,000; the unit has been rented since December 2013.
How big is unit 701?
565 sqft (52.5 sqm): a studio on the 7th floor of a 31-storey tower completed in 2009.
What is unit 701 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 701, Royal Oceanic Tower
Starts from the last sale price (AED 750K, 21 December 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 750,000
- Deposit, UAE resident (20%)
- AED 150,000
- Deposit, non-resident (40%)
- AED 300,000
- Monthly over 25 years at 3.7%
- AED 3,068
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →