1-bed · 1,955 sqftOceana - Adriatic, Palm Jumeirah · Ground floor · completed 2010

G08, Oceana - Adriatic

Sold prices and rental history: sold once, by the developer in March 2011, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit G08 · DLD and Ejari recordsUpdated 9 March 2023
Last soldAED 2.5M24 March 2011
Current rentAED 286K /yr9 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for G08, Oceana - Adriatic

What is G08 worth today?

Last sold for AED 2,500,000 in 2011

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9 Mar 2023RentedRenewal
AED 286,000/yr12 months · AED 146 per sqft
9 Mar 2022RentedNew contract
AED 260,000/yr12 months · AED 133 per sqft
1 Apr 2021RentedRenewal
AED 190,000/yr9 months · AED 97 per sqft
1 Apr 2020RentedNew contract
AED 190,000/yr12 months · AED 97 per sqft
23 Aug 2014RentedNew contract
AED 265,000/yr12 months · AED 135 per sqft
24 Mar 2011Sold by developerReady
AED 2,500,000AED 1,278 per sqft

Source: Dubai Land Department. Updated 9 March 2023.

Key facts

Type
1-bed apartment
Size
1,955 sqft
Floor
Ground of 14
Parking
B1-1314.1A1-3
Developer
Seven Tides
Completed
2010
Service charge
AED 45,200 /yr
Last sold
AED 2.5M · March 2011

About G08, Oceana - Adriatic

G08 is a one-bedroom apartment of 1,955 sqft on the ground floor of Oceana - Adriatic, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. The developer sold it on 24 March 2011 for AED 2,500,000, or AED 1,278 per sqft, 7% below the AED 1,377 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, renewed on 9 March 2023, is AED 286,000 a year: a gross yield of 11.4% on the 2011 price, before the service charge of about AED 45,200 a year.

Sales and rents for G08 over time

Sales
Unit G08, each saleTypical one-bed in Oceana - Adriatic
2M4M2010201520202025Typical sale price by year: 2010 AED 1,784,010; 2011 AED 1,843,625; 2012 AED 1,755,725; 2013 AED 2,400,000; 2014 AED 3,065,000; 2018 AED 2,650,000; 2022 AED 2,900,000; 2023 AED 3,850,000; 2025 AED 4,400,000; 2026 AED 4,850,000Sold by developer, March 2011: AED 2,500,000 (AED 1,278 per sqft)

G08 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit G08, each contractTypical one-bed in Oceana - Adriatic
100K200K300K2013201720212025Typical rent by year: 2013 AED 137,500; 2014 AED 158,077; 2015 AED 140,000; 2016 AED 150,000; 2018 AED 130,000; 2019 AED 130,000; 2020 AED 115,000; 2021 AED 117,500; 2022 AED 145,000; 2023 AED 163,750; 2024 AED 160,000; 2025 AED 175,000; 2026 AED 170,000New contract, August 2014: AED 265,000 a yearNew contract, April 2020: AED 190,000 a yearRenewal, April 2021: AED 190,000 a yearNew contract, March 2022: AED 260,000 a yearRenewal, March 2023: AED 286,000 a year

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

1-beds in Oceana - Adriatic, and where G08 sits

All 35 1-beds →

G08 last sold in March 2011 at AED 1,278 per sqft, 7% below what one-beds in Oceana - Adriatic were fetching at the time (AED 1,377). Over the last 12 months one-beds sold for AED 1,500,000 to 5,400,000, around AED 2,696 per sqft, and rent for AED 130,000 to 215,000 a year. G08's AED 286,000 is at the top of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
13 Apr 20265,400,000
6 Apr 20261,500,000
10 Feb 20264,850,000
17 Dec 20254,400,000
4 1-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 ground floor

All 92 units in Oceana - Adriatic
Value
G012-bedAED 2.65M · Dec 2020
G021-bedAED 4.4M · Dec 2025
G031-bedAED 2.4M · Mar 2022
G041-bedAED 1.34M · May 2011
G051-bedAED 5.4M · Apr 2026
G061-bedAED 1.5M · Apr 2026
G071-bedAED 2.88M · Apr 2014

G08, Oceana - Adriatic in numbers

  • Sold once: by Seven Tides on 24 March 2011 for AED 2,500,000, or AED 1,278 per sqft.
  • Rented since August 2014 on 5 Ejari contracts. The rent fell from AED 265,000 to AED 190,000 in 2021 and recovered to AED 286,000 by March 2023.
  • At AED 286,000 a year the gross yield on the 2011 price is 11.4%, before a service charge of about AED 45,200 a year (AED 23.10 per sqft).
  • One-beds in Oceana - Adriatic sold for AED 1,500,000–5,400,000 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 9 March 2023.

Questions about G08, Oceana - Adriatic

What did unit G08 last sell for?

AED 2,500,000 on 24 March 2011, sold by the developer: AED 1,278 per sqft for 1,955 sqft. It is the only registered sale of the unit.

What is the rent for unit G08?

AED 286,000 a year on the contract renewed on 9 March 2023. The previous contract, from March 2022, was AED 260,000; the unit has been rented since August 2014.

How big is unit G08?

1,955 sqft (181.6 sqm): a one-bedroom apartment on the ground floor of a 14-storey tower completed in 2010.

What is unit G08 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Oceana - Adriatic sold for AED 1,500,000 to 5,400,000 in the last 12 months, around AED 2,696 per sqft.

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Mortgage on G08, Oceana - Adriatic

Starts from the last sale price (AED 2.5M, 24 March 2011). Switch to today's estimate once you have unlocked it.
Price
AED 2,500,000
Deposit, UAE resident (20%)
AED 500,000
Deposit, non-resident (40%)
AED 1,000,000
Monthly over 25 years at 3.7%
AED 10,228

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