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2-bed · 1,709 sqftOceana - Adriatic, Palm Jumeirah · 6th floor · completed 2010

506, Oceana - Adriatic

Sold prices and rental history: sold twice, last in March 2022, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 506 · DLD and Ejari recordsUpdated 28 March 2022
Last soldAED 3.8M28 March 2022
Current rentAED 130K /yr15 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 506, Oceana - Adriatic

What is 506 worth today?

Last sold for AED 3,800,000 in 2022

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28 Mar 2022SoldReady
AED 3,800,000AED 2,223 per sqft
15 Oct 2021RentedRenewal
AED 129,644/yr6 months · AED 76 per sqft
15 Oct 2020RentedRenewal
AED 120,000/yr12 months · AED 70 per sqft
15 Oct 2019RentedRenewal
AED 180,000/yr12 months · AED 105 per sqft
15 Oct 2018RentedNew contract
AED 180,000/yr12 months · AED 105 per sqft
19 Jun 2016RentedNew contract
AED 220,000/yr12 months · AED 129 per sqft
20 Apr 2015RentedNew contract
AED 240,000/yr12 months · AED 140 per sqft
17 Jan 2011Sold by developerReady
AED 1,280,844AED 749 per sqft

Source: Dubai Land Department. Updated 28 March 2022.

Key facts

Type
2-bed apartment
Size
1,709 sqft
Floor
6th of 14
Parking
B2-2410
Developer
Seven Tides
Completed
2010
Service charge
AED 39,500 /yr
Last sold
AED 3.8M · March 2022
Building
Oceana - Adriatic

About 506, Oceana - Adriatic

506 is a two-bedroom apartment of 1,709 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 28 March 2022 for AED 3,800,000, or AED 2,223 per sqft, in line with the AED 2,223 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, renewed on 15 October 2021, is AED 129,644 a year: a gross yield of 3.4% on the 2022 price, before the service charge of about AED 39,500 a year.

Sales and rents for 506 over time

Sales
Unit 506, each saleTypical two-bed in Oceana - Adriatic
2.5M5M2010201420182022Typical 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 1,280,844 (AED 749 per sqft)Sold, March 2022: AED 3,800,000 (AED 2,223 per sqft)

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

Rents
Unit 506, each contractTypical two-bed in Oceana - Adriatic
100K200K300K2012201620202024Typical 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, April 2015: AED 240,000 a yearNew contract, June 2016: AED 220,000 a yearNew contract, October 2018: AED 180,000 a yearRenewal, October 2019: AED 180,000 a yearRenewal, October 2020: AED 120,000 a yearRenewal, October 2021: AED 129,644 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 506 sits

All 29 2-beds →

506 last sold in March 2022 at AED 2,223 per sqft, in line with what two-beds in Oceana - Adriatic were fetching at the time (AED 2,223). 506's AED 129,644 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
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 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
5053-bedAED 6.4M · Oct 2012

506, Oceana - Adriatic in numbers

  • Sold twice: first on 17 January 2011 for AED 1,280,844, last on 28 March 2022 for AED 3,800,000 (AED 2,223 per sqft).
  • Rented since April 2015 on 6 Ejari contracts, from AED 240,000 to AED 129,644 a year.
  • At AED 129,644 a year the gross yield on the 2022 price is 3.4%, before a service charge of about AED 39,500 a year (AED 23.10 per sqft).

Source: Dubai Land Department. Updated 28 March 2022.

Questions about 506, Oceana - Adriatic

What did unit 506 last sell for?

AED 3,800,000 on 28 March 2022: AED 2,223 per sqft for 1,709 sqft. The unit has 2 registered sales; the first was AED 1,280,844 in January 2011.

What is the rent for unit 506?

AED 129,644 a year on the contract renewed on 15 October 2021. The previous contract, from October 2020, was AED 120,000; the unit has been rented since April 2015.

How big is unit 506?

1,709 sqft (158.8 sqm): a two-bedroom apartment on the 6th floor of a 14-storey tower completed in 2010.

What is unit 506 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 506, Oceana - Adriatic

Starts from the last sale price (AED 3.8M, 28 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,800,000
Deposit, UAE resident (20%)
AED 760,000
Deposit, non-resident (40%)
AED 1,520,000
Monthly over 25 years at 3.7%
AED 15,547

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