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2-bed · 1,709 sqftOceana - Adriatic, Palm Jumeirah · 7th floor · completed 2010

601, Oceana - Adriatic

Sold prices and rental history: sold twice, last in April 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 601 · DLD and Ejari recordsUpdated 4 April 2023
Last soldAED 5.8M4 April 2023
Current rentAED 186K /yr1 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 601, Oceana - Adriatic

What is 601 worth today?

Last sold for AED 5,800,000 in 2023

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4 Apr 2023SoldReady
AED 5,800,000AED 3,393 per sqft
1 Mar 2022RentedRenewal
AED 185,845/yr9 months · AED 109 per sqft
1 Mar 2021RentedRenewal
AED 185,000/yr12 months · AED 109 per sqft
24 Apr 2020RentedRenewal
AED 185,839/yr10 months · AED 109 per sqft
1 Nov 2019RentedRenewal
AED 184,072/yr6 months · AED 108 per sqft
1 Nov 2018RentedNew contract
AED 185,000/yr12 months · AED 108 per sqft
12 Oct 2014RentedNew contract
AED 245,000/yr12 months · AED 143 per sqft
15 Dec 2010Sold by developerReady
AED 2,597,767AED 1,519 per sqft

Source: Dubai Land Department. Updated 4 April 2023.

Key facts

Type
2-bed apartment
Size
1,709 sqft
Floor
7th of 14
Parking
B2-2525,2540
Developer
Seven Tides
Completed
2010
Service charge
AED 39,500 /yr
Last sold
AED 5.8M · April 2023
Building
Oceana - Adriatic

About 601, Oceana - Adriatic

601 is a two-bedroom apartment of 1,709 sqft on the 7th floor of Oceana - Adriatic, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 4 April 2023 for AED 5,800,000, or AED 3,393 per sqft, 22% above the AED 2,779 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, renewed on 1 March 2022, is AED 185,845 a year: a gross yield of 3.2% on the 2023 price, before the service charge of about AED 39,500 a year.

Sales and rents for 601 over time

Sales
Unit 601, each saleTypical two-bed in Oceana - Adriatic
4M6M2010201420182022Typical 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, December 2010: AED 2,597,767 (AED 1,519 per sqft)Sold, April 2023: AED 5,800,000 (AED 3,393 per sqft)

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

Rents
Unit 601, 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 2014: AED 245,000 a yearNew contract, November 2018: AED 185,000 a yearRenewal, November 2019: AED 184,072 a yearRenewal, April 2020: AED 185,839 a yearRenewal, March 2021: AED 185,000 a yearRenewal, March 2022: AED 185,845 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 601 sits

All 29 2-beds →

601 last sold in April 2023 at AED 3,393 per sqft, 22% above what two-beds in Oceana - Adriatic were fetching at the time (AED 2,779). 601's AED 185,845 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 7th floor

All 92 units in Oceana - Adriatic
Value
6023-bedAED 3.35M · Aug 2010
6031-bedAED 1.91M · Apr 2011
6041-bedAED 4.3M · Mar 2025
6053-bedAED 7.5M · Jun 2022
6062-bedAED 3.1M · Dec 2011

601, Oceana - Adriatic in numbers

  • Sold twice: first on 15 December 2010 for AED 2,597,767, last on 4 April 2023 for AED 5,800,000 (AED 3,393 per sqft).
  • Rented since October 2014 on 6 Ejari contracts, from AED 245,000 to AED 185,845 a year.
  • At AED 185,845 a year the gross yield on the 2023 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 4 April 2023.

Questions about 601, Oceana - Adriatic

What did unit 601 last sell for?

AED 5,800,000 on 4 April 2023: AED 3,393 per sqft for 1,709 sqft. The unit has 2 registered sales; the first was AED 2,597,767 in December 2010.

What is the rent for unit 601?

AED 185,845 a year on the contract renewed on 1 March 2022. The previous contract, from March 2021, was AED 185,000; the unit has been rented since October 2014.

How big is unit 601?

1,709 sqft (158.8 sqm): a two-bedroom apartment on the 7th floor of a 14-storey tower completed in 2010.

What is unit 601 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 601, Oceana - Adriatic

Starts from the last sale price (AED 5.8M, 4 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 5,800,000
Deposit, UAE resident (20%)
AED 1,160,000
Deposit, non-resident (40%)
AED 2,320,000
Monthly over 25 years at 3.7%
AED 23,730

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