2-bed · 1,709 sqftOceana - Adriatic, Palm Jumeirah · 4th floor · completed 2010

301, Oceana - Adriatic

Sold prices and rental history: sold twice, last in May 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 301 · DLD and Ejari recordsUpdated 26 September 2024
Last soldAED 4.9M5 May 2023
Current rentAED 300K /yr26 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 301, Oceana - Adriatic

What is 301 worth today?

Last sold for AED 4,900,000 in 2023

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26 Sep 2024RentedNew contract
AED 300,000/yr12 months · AED 175 per sqft
26 Oct 2023RentedNew contract
AED 150,146/yr8 months · AED 88 per sqft
5 May 2023SoldReady
AED 4,900,000AED 2,866 per sqft
27 Dec 2022RentedRenewal
AED 149,839/yr10 months · AED 88 per sqft
27 Dec 2021RentedRenewal
AED 150,000/yr12 months · AED 88 per sqft
27 Dec 2020RentedNew contract
AED 150,000/yr12 months · AED 88 per sqft
6 Oct 2018RentedNew contract
AED 210,000/yr12 months · AED 123 per sqft
29 Aug 2016RentedNew contract
AED 225,000/yr12 months · AED 131 per sqft

Source: Dubai Land Department. Updated 26 September 2024.

Key facts

Type
2-bed apartment
Size
1,709 sqft
Floor
4th of 14
Parking
B2-2376
Developer
Seven Tides
Completed
2010
Service charge
AED 39,500 /yr
Last sold
AED 4.9M · May 2023

About 301, Oceana - Adriatic

301 is a two-bedroom apartment of 1,709 sqft on the 4th floor of Oceana - Adriatic, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 5 May 2023 for AED 4,900,000, or AED 2,866 per sqft, in line with the AED 2,866 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, signed on 26 September 2024, is AED 300,000 a year: a gross yield of 6.1% on the 2023 price, before the service charge of about AED 39,500 a year.

Sales and rents for 301 over time

Sales
Unit 301, each saleTypical two-bed in Oceana - Adriatic
2M4M6M2010201420182022Typical sale price by year: 2010 AED 2,597,767; 2011 AED 2,633,847; 2012 AED 2,900,000; 2013 AED 4,425,000; 2022 AED 4,450,000; 2023 AED 4,900,000; 2024 AED 5,700,000Sold by developer, July 2011: AED 2,441,420 (AED 1,428 per sqft)Sold, May 2023: AED 4,900,000 (AED 2,866 per sqft)

301 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 301, each contractTypical two-bed in Oceana - Adriatic
200K300K2012201620202024Typical rent by year: 2012 AED 207,500; 2013 AED 210,000; 2014 AED 225,000; 2015 AED 234,712; 2016 AED 225,000; 2018 AED 187,500; 2019 AED 180,000; 2020 AED 162,500; 2021 AED 165,000; 2022 AED 182,923; 2023 AED 220,530; 2024 AED 300,000; 2025 AED 325,500; 2026 AED 255,000New contract, May 2013: AED 245,000 a yearNew contract, August 2016: AED 225,000 a yearNew contract, October 2018: AED 210,000 a yearNew contract, December 2020: AED 150,000 a yearRenewal, December 2021: AED 150,000 a yearRenewal, December 2022: AED 149,839 a yearNew contract, October 2023: AED 150,146 a yearNew contract, September 2024: AED 300,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Oceana - Adriatic, and where 301 sits

All 29 2-beds →

301 last sold in May 2023 at AED 2,866 per sqft, in line with what two-beds in Oceana - Adriatic were fetching at the time (AED 2,866). 301's AED 300,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
26 Jun 20256,500,000
28 May 20257,200,000
29 Aug 20245,900,000
15 Jul 20245,700,000
0 2-bed sales in the last 12 months

Oceana - Adriatic

Building

92 apartments, 1-bed to 4-bed over 14 floors in Palm Jumeirah, completed in 2010 by Seven Tides. 5 sold in the last 12 months.

Typical price per sqft
AED 2,524
Typical sale
AED 4.85M
Typical rent
AED 220K /yr
Typical yield
5.6%
Oceana - Adriatic, Palm Jumeirah: prices, sales and rents →

Other units on the 4th floor

All 92 units in Oceana - Adriatic
Value
3023-bedAED 3.93M · Dec 2011
3031-bedAED 1.95M · Nov 2011
3041-bedAED 2.49M · Oct 2023
3053-bedAED 6.8M · Feb 2022
3062-bedAED 4.45M · Sep 2013

301, Oceana - Adriatic in numbers

  • Sold twice: first on 3 July 2011 for AED 2,441,420, last on 5 May 2023 for AED 4,900,000 (AED 2,866 per sqft).
  • Rented since May 2013 on 8 Ejari contracts. The rent fell from AED 245,000 to AED 149,839 in 2022 and recovered to AED 300,000 by September 2024.
  • At AED 300,000 a year the gross yield on the 2023 price is 6.1%, before a service charge of about AED 39,500 a year (AED 23.10 per sqft).

Source: Dubai Land Department. Updated 26 September 2024.

Questions about 301, Oceana - Adriatic

What did unit 301 last sell for?

AED 4,900,000 on 5 May 2023: AED 2,866 per sqft for 1,709 sqft. The unit has 2 registered sales; the first was AED 2,441,420 in July 2011.

What is the rent for unit 301?

AED 300,000 a year on the contract signed on 26 September 2024. The previous contract, from October 2023, was AED 150,146; the unit has been rented since May 2013.

How big is unit 301?

1,709 sqft (158.8 sqm): a two-bedroom apartment on the 4th floor of a 14-storey tower completed in 2010.

What is unit 301 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 301, Oceana - Adriatic

Starts from the last sale price (AED 4.9M, 5 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 4,900,000
Deposit, UAE resident (20%)
AED 980,000
Deposit, non-resident (40%)
AED 1,960,000
Monthly over 25 years at 3.7%
AED 20,047

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →