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3-bed · 2,440 sqftOceana - Adriatic, Palm Jumeirah · 6th floor · completed 2010

505, Oceana - Adriatic

Sold prices and rental history: sold twice, last in October 2012, and rented once, from October 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 1 October 2016
Last soldAED 6.4M1 October 2012
Current rentAED 330K /yr1 October 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, Oceana - Adriatic

What is 505 worth today?

Last sold for AED 6,400,000 in 2012

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1 Oct 2016RentedNew contract
AED 330,000/yr12 months · AED 135 per sqft
1 Oct 2012SoldReady
AED 6,400,000AED 2,623 per sqft
3 Jan 2011Sold by developerReady
AED 3,303,886AED 1,354 per sqft

Source: Dubai Land Department. Updated 1 October 2016.

Key facts

Type
3-bed apartment
Size
2,440 sqft
Floor
6th of 14
Parking
B2-2394,2395
Developer
Seven Tides
Completed
2010
Service charge
AED 56,400 /yr
Last sold
AED 6.4M · October 2012
Building
Oceana - Adriatic

About 505, Oceana - Adriatic

505 is a three-bedroom apartment of 2,440 sqft on the 6th floor of Oceana - Adriatic, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 1 October 2012 for AED 6,400,000, or AED 2,623 per sqft, 40% above the AED 1,872 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 October 2016. The current contract, signed on 1 October 2016, is AED 330,000 a year: a gross yield of 5.2% on the 2012 price, before the service charge of about AED 56,400 a year.

Sales and rents for 505 over time

Sales
Unit 505, each saleTypical three-bed in Oceana - Adriatic
4M6M8M2010201420182022Typical sale price by year: 2010 AED 3,350,419; 2011 AED 3,443,486; 2012 AED 6,325,000; 2013 AED 5,450,000; 2021 AED 5,200,000; 2022 AED 7,500,000; 2024 AED 6,650,000Sold by developer, January 2011: AED 3,303,886 (AED 1,354 per sqft)Sold, October 2012: AED 6,400,000 (AED 2,623 per sqft)

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

Rents
Unit 505, each contractTypical three-bed in Oceana - Adriatic
200K300K2013201720212025Typical rent by year: 2013 AED 270,000; 2014 AED 295,000; 2015 AED 312,500; 2016 AED 322,500; 2018 AED 245,000; 2019 AED 245,000; 2020 AED 215,000; 2021 AED 205,000; 2022 AED 258,025; 2023 AED 282,500; 2024 AED 350,000; 2025 AED 360,000; 2026 AED 346,500New contract, October 2016: AED 330,000 a year

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

3-beds in Oceana - Adriatic, and where 505 sits

All 26 3-beds →

505 last sold in October 2012 at AED 2,623 per sqft, 40% above what three-beds in Oceana - Adriatic were fetching at the time (AED 1,872). Over the last 12 months three-beds sold for AED 5,000,000, around AED 2,193 per sqft, and rent for AED 300,000 to 580,000 a year. 505's AED 330,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
31 Mar 20265,000,000
10 Oct 20248,500,000
27 Jun 20246,250,000
4 Jun 20241,550,000
1 3-bed sale 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 6th floor

All 92 units in Oceana - Adriatic
Value
5012-bedAED 2.56M · Apr 2011
5023-bedAED 5M · Mar 2026
5031-bedAED 3.9M · Nov 2022
5041-bedAED 3M · Feb 2013
5062-bedAED 3.8M · Mar 2022

505, Oceana - Adriatic in numbers

  • Sold twice: first on 3 January 2011 for AED 3,303,886, last on 1 October 2012 for AED 6,400,000 (AED 2,623 per sqft).
  • Rented since October 2016 on one Ejari contract, at AED 330,000 a year.
  • At AED 330,000 a year the gross yield on the 2012 price is 5.2%, before a service charge of about AED 56,400 a year (AED 23.10 per sqft).
  • Three-beds in Oceana - Adriatic sold for AED 5,000,000–5,000,000 in the 12 months to November 2026; the building's median across all types is AED 2,524 per sqft.

Source: Dubai Land Department. Updated 1 October 2016.

Questions about 505, Oceana - Adriatic

What did unit 505 last sell for?

AED 6,400,000 on 1 October 2012: AED 2,623 per sqft for 2,440 sqft. The unit has 2 registered sales; the first was AED 3,303,886 in January 2011.

What is the rent for unit 505?

AED 330,000 a year on the contract signed on 1 October 2016.

How big is unit 505?

2,440 sqft (226.7 sqm): a three-bedroom apartment on the 6th floor of a 14-storey tower completed in 2010.

What is unit 505 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Oceana - Adriatic sold for AED 5,000,000 to 5,000,000 in the last 12 months, around AED 2,193 per sqft.

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Mortgage on 505, Oceana - Adriatic

Starts from the last sale price (AED 6.4M, 1 October 2012). Switch to today's estimate once you have unlocked it.
Price
AED 6,400,000
Deposit, UAE resident (20%)
AED 1,280,000
Deposit, non-resident (40%)
AED 2,560,000
Monthly over 25 years at 3.7%
AED 26,184

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