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2-bed · 1,709 sqftOceana - Adriatic, Palm Jumeirah · 5th floor · completed 2010

406, Oceana - Adriatic

Sold prices and rental history: sold 5 times, last in July 2024, and rented once, from March 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 406 · DLD and Ejari recordsUpdated 15 July 2024
Last soldAED 5.7M15 July 2024
Current rentAED 180K /yr1 March 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 406, Oceana - Adriatic

What is 406 worth today?

Last sold for AED 5,700,000 in 2024

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15 Jul 2024SoldReady
AED 5,700,000AED 3,334 per sqft
1 Mar 2014RentedNew contract
AED 180,000/yr12 months · AED 105 per sqft
21 Jul 2013SoldReady
AED 4,500,000AED 2,632 per sqft
2 Aug 2012SoldReady
AED 3,350,000AED 1,959 per sqft
27 Nov 2011SoldReady
AED 2,760,000AED 1,614 per sqft
10 Aug 2010Sold by developerReady
AED 2,477,500AED 1,449 per sqft

Source: Dubai Land Department. Updated 15 July 2024.

Key facts

Type
2-bed apartment
Size
1,709 sqft
Floor
5th of 14
Parking
B2-2424
Developer
Seven Tides
Completed
2010
Service charge
AED 39,500 /yr
Last sold
AED 5.7M · July 2024
Building
Oceana - Adriatic

About 406, Oceana - Adriatic

406 is a two-bedroom apartment of 1,709 sqft on the 5th floor of Oceana - Adriatic, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 15 July 2024 for AED 5,700,000, or AED 3,334 per sqft.

One Ejari contract is registered, from 1 March 2014. The current contract, signed on 1 March 2014, is AED 180,000 a year: a gross yield of 3.2% on the 2024 price, before the service charge of about AED 39,500 a year.

Sales and rents for 406 over time

Sales
Unit 406, 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, August 2010: AED 2,477,500 (AED 1,449 per sqft)Sold, November 2011: AED 2,760,000 (AED 1,614 per sqft)Sold, August 2012: AED 3,350,000 (AED 1,959 per sqft)Sold, July 2013: AED 4,500,000 (AED 2,632 per sqft)Sold, July 2024: AED 5,700,000 (AED 3,334 per sqft)

406 has sold 5 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 406, 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, March 2014: AED 180,000 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 406 sits

All 29 2-beds →

406's AED 180,000 is at the bottom 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
26 Jan 20245,000,000
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 5th floor

All 92 units in Oceana - Adriatic
Value
4012-bedAED 4.9M · Dec 2022
4023-bedAED 3.58M · Jan 2011
4031-bedAED 1.76M · Jan 2011
4041-bedAED 1.76M · Jan 2011
4053-bedAED 8.5M · Oct 2024

406, Oceana - Adriatic in numbers

  • Sold 5 times: first on 10 August 2010 for AED 2,477,500, last on 15 July 2024 for AED 5,700,000 (AED 3,334 per sqft).
  • Rented since March 2014 on one Ejari contract, at AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2024 price is 3.2%, before a service charge of about AED 39,500 a year (AED 23.10 per sqft).

Source: Dubai Land Department. Updated 15 July 2024.

Questions about 406, Oceana - Adriatic

What did unit 406 last sell for?

AED 5,700,000 on 15 July 2024: AED 3,334 per sqft for 1,709 sqft. The unit has 5 registered sales; the first was AED 2,477,500 in August 2010.

What is the rent for unit 406?

AED 180,000 a year on the contract signed on 1 March 2014.

How big is unit 406?

1,709 sqft (158.8 sqm): a two-bedroom apartment on the 5th floor of a 14-storey tower completed in 2010.

What is unit 406 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 406, Oceana - Adriatic

Starts from the last sale price (AED 5.7M, 15 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 5,700,000
Deposit, UAE resident (20%)
AED 1,140,000
Deposit, non-resident (40%)
AED 2,280,000
Monthly over 25 years at 3.7%
AED 23,320

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