PH-01, Royal Oceanic Tower
Sold prices and rental history: sold 3 times, last in August 2010, 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 PH-01, Royal Oceanic Tower
What is PH-01 worth today?
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Source: Dubai Land Department. Updated 8 April 2024.
Key facts
- Type
- Penthouse apartment
- Size
- 6,259 sqft
- Floor
- 31st of 31
- Parking
- F1-26,28,31
- Developer
- Global Group Holdings
- Completed
- 2009
- Service charge
- AED 131,500 /yr
- Last sold
- AED 4.7M · August 2010
- Building
- Royal Oceanic Tower
About PH-01, Royal Oceanic Tower
PH-01 is a penthouse of 6,259 sqft on the 31st floor of Royal Oceanic Tower, a 31-storey tower in Dubai Marina completed in 2009 by Global Group Holdings. It last sold on 24 August 2010 for AED 4,700,000, or AED 750 per sqft, 9% below the AED 820 penthouses in the building were fetching at the time.
It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, renewed on 8 April 2024, is AED 614,800 a year: a gross yield of 13.1% on the 2010 price, before the service charge of about AED 131,500 a year.
Penthouses in Royal Oceanic Tower, and where PH-01 sits
All 2 penthouses →PH-01 last sold in August 2010 at AED 750 per sqft, 9% below what penthouses in Royal Oceanic Tower were fetching at the time (AED 820).
| Recent penthouse sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 Jun 202127 June 2021 | 6,178 sqft | 3,425,000 | 554 | ||
| 24 Aug 201024 August 2010 | 6,178 sqft | 5,500,000 | 890 | ||
| 18 Feb 201018 February 2010 | 6,178 sqft | 5,500,000 | 890 | ||
| 18 Feb 201018 February 2010 | 6,178 sqft | 5,500,000 | 890 |
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 31st floor
All 224 units in Royal Oceanic Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| PH-02 | Penthouse | 6,178 sqft | AED 3.43MAED 3,425,000 · Jun 2021June 2021 | 880,000 /yr |
PH-01, Royal Oceanic Tower in numbers
- Sold 3 times: first on 21 February 2010 for AED 4,700,000, last on 24 August 2010 for AED 4,700,000 (AED 750 per sqft).
- Rented since July 2018 on 7 Ejari contracts, from AED 400,000 to AED 614,800 a year.
- At AED 614,800 a year the gross yield on the 2010 price is 13.1%, before a service charge of about AED 131,500 a year (AED 21.01 per sqft).
Source: Dubai Land Department. Updated 8 April 2024.
Questions about PH-01, Royal Oceanic Tower
What did unit PH-01 last sell for?
AED 4,700,000 on 24 August 2010: AED 750 per sqft for 6,259 sqft. The unit has 3 registered sales; the first was AED 4,700,000 in February 2010.
What is the rent for unit PH-01?
AED 614,800 a year on the contract renewed on 8 April 2024. The previous contract, from April 2024, was AED 614,800; the unit has been rented since July 2018.
How big is unit PH-01?
6,259 sqft (581.5 sqm): a penthouse on the 31st floor of a 31-storey tower completed in 2009.
What is unit PH-01 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on PH-01, Royal Oceanic Tower
Starts from the last sale price (AED 4.7M, 24 August 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 4,700,000
- Deposit, UAE resident (20%)
- AED 940,000
- Deposit, non-resident (40%)
- AED 1,880,000
- Monthly over 25 years at 3.7%
- AED 19,229
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →