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

306, Oceana - Adriatic

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

Unit 306 · DLD and Ejari recordsUpdated 25 January 2022
Last soldAED 4.45M26 September 2013
Current rentAED 240K /yr25 January 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 306, Oceana - Adriatic

What is 306 worth today?

Last sold for AED 4,450,000 in 2013

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25 Jan 2022RentedNew contract
AED 240,000/yr12 months · AED 140 per sqft
2 Feb 2021RentedNew contract
AED 175,000/yr12 months · AED 102 per sqft
10 Aug 2018RentedNew contract
AED 190,000/yr12 months · AED 111 per sqft
1 Oct 2015RentedNew contract
AED 265,000/yr12 months · AED 155 per sqft
30 Oct 2013RentedNew contract
AED 210,000/yr12 months · AED 123 per sqft
26 Sep 2013SoldReady
AED 4,450,000AED 2,603 per sqft
26 Jan 2011Sold by developerReady
AED 2,441,420AED 1,428 per sqft

Source: Dubai Land Department. Updated 25 January 2022.

Key facts

Type
2-bed apartment
Size
1,709 sqft
Floor
4th of 14
Parking
B2-2378,2379
Developer
Seven Tides
Completed
2010
Service charge
AED 39,500 /yr
Last sold
AED 4.45M · September 2013

About 306, Oceana - Adriatic

306 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 26 September 2013 for AED 4,450,000, or AED 2,603 per sqft, 9% above the AED 2,399 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 25 January 2022, is AED 240,000 a year: a gross yield of 5.4% on the 2013 price, before the service charge of about AED 39,500 a year.

Sales and rents for 306 over time

Sales
Unit 306, 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, January 2011: AED 2,441,420 (AED 1,428 per sqft)Sold, September 2013: AED 4,450,000 (AED 2,603 per sqft)

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

Rents
Unit 306, 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, October 2013: AED 210,000 a yearNew contract, October 2015: AED 265,000 a yearNew contract, August 2018: AED 190,000 a yearNew contract, February 2021: AED 175,000 a yearNew contract, January 2022: AED 240,000 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 306 sits

All 29 2-beds →

306 last sold in September 2013 at AED 2,603 per sqft, 9% above what two-beds in Oceana - Adriatic were fetching at the time (AED 2,399). 306's AED 240,000 is in the lower 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
3012-bedAED 4.9M · May 2023
3023-bedAED 3.93M · Dec 2011
3031-bedAED 1.95M · Nov 2011
3041-bedAED 2.49M · Oct 2023
3053-bedAED 6.8M · Feb 2022

306, Oceana - Adriatic in numbers

  • Sold twice: first on 26 January 2011 for AED 2,441,420, last on 26 September 2013 for AED 4,450,000 (AED 2,603 per sqft).
  • Rented since October 2013 on 5 Ejari contracts. The rent fell from AED 210,000 to AED 175,000 in 2021 and recovered to AED 240,000 by January 2022.
  • At AED 240,000 a year the gross yield on the 2013 price is 5.4%, before a service charge of about AED 39,500 a year (AED 23.10 per sqft).

Source: Dubai Land Department. Updated 25 January 2022.

Questions about 306, Oceana - Adriatic

What did unit 306 last sell for?

AED 4,450,000 on 26 September 2013: AED 2,603 per sqft for 1,709 sqft. The unit has 2 registered sales; the first was AED 2,441,420 in January 2011.

What is the rent for unit 306?

AED 240,000 a year on the contract signed on 25 January 2022. The previous contract, from February 2021, was AED 175,000; the unit has been rented since October 2013.

How big is unit 306?

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 306 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 306, Oceana - Adriatic

Starts from the last sale price (AED 4.45M, 26 September 2013). Switch to today's estimate once you have unlocked it.
Price
AED 4,450,000
Deposit, UAE resident (20%)
AED 890,000
Deposit, non-resident (40%)
AED 1,780,000
Monthly over 25 years at 3.7%
AED 18,206

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