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2-bed · 1,709 sqftOceana - Aegean, Palm Jumeirah · 11th floor · completed 2010

1001, Oceana - Aegean

Sold prices and rental history: sold once, by the developer in October 2010, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1001 · DLD and Ejari recordsUpdated 25 July 2022
Last soldAED 2.29M13 October 2010
Current rentAED 127K /yr25 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1001, Oceana - Aegean

What is 1001 worth today?

Last sold for AED 2,285,073 in 2010

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25 Jul 2022RentedRenewal
AED 127,050/yr12 months · AED 74 per sqft
25 Jul 2021RentedRenewal
AED 115,000/yr12 months · AED 67 per sqft
25 Jul 2020RentedNew contract
AED 110,000/yr12 months · AED 64 per sqft
20 Jul 2019RentedNew contract
AED 130,000/yr12 months · AED 76 per sqft
1 Jul 2018RentedNew contract
AED 155,000/yr12 months · AED 91 per sqft
10 Aug 2016RentedNew contract
AED 195,000/yr12 months · AED 114 per sqft
10 Aug 2015RentedNew contract
AED 171,163/yr12 months · AED 100 per sqft
10 Aug 2014RentedNew contract
AED 163,013/yr12 months · AED 95 per sqft

Source: Dubai Land Department. Updated 25 July 2022.

Key facts

Type
2-bed apartment
Size
1,709 sqft
Floor
11th of 14
Parking
B1-1105
Developer
Seven Tides
Completed
2010
Service charge
AED 39,500 /yr
Last sold
AED 2.29M · October 2010
Building
Oceana - Aegean

About 1001, Oceana - Aegean

1001 is a two-bedroom apartment of 1,709 sqft on the 11th floor of Oceana - Aegean, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. The developer sold it on 13 October 2010 for AED 2,285,073, or AED 1,336 per sqft.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, renewed on 25 July 2022, is AED 127,050 a year: a gross yield of 5.6% on the 2010 price, before the service charge of about AED 39,500 a year.

Sales and rents for 1001 over time

Sales
Unit 1001, each saleTypical two-bed in Oceana - Aegean
2M4M2010201420182022Typical sale price by year: 2010 AED 2,164,806; 2011 AED 2,200,000; 2012 AED 2,346,240; 2014 AED 3,490,000; 2017 AED 1,281,752; 2022 AED 3,550,000; 2023 AED 3,875,000Sold by developer, October 2010: AED 2,285,073 (AED 1,336 per sqft)

1001 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1001, each contractTypical two-bed in Oceana - Aegean
100K200K2012201620202024Typical rent by year: 2012 AED 165,000; 2013 AED 185,500; 2014 AED 195,000; 2015 AED 200,000; 2016 AED 183,713; 2017 AED 165,000; 2018 AED 155,000; 2019 AED 150,000; 2020 AED 115,000; 2021 AED 121,000; 2022 AED 135,625; 2023 AED 245,000; 2024 AED 253,000; 2025 AED 258,492; 2026 AED 245,000New contract, August 2014: AED 163,013 a yearNew contract, August 2015: AED 171,163 a yearNew contract, August 2016: AED 195,000 a yearNew contract, July 2018: AED 155,000 a yearNew contract, July 2019: AED 130,000 a yearNew contract, July 2020: AED 110,000 a yearRenewal, July 2021: AED 115,000 a yearRenewal, July 2022: AED 127,050 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 - Aegean, and where 1001 sits

All 30 2-beds →

1001's AED 127,050 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
1 May 20244,600,000
1 May 20244,590,000
22 Dec 20233,250,000
11 Dec 20233,900,000
0 2-bed sales in the last 12 months

Oceana - Aegean

Building

92 apartments, 1-bed to 4-bed over 14 floors in Palm Jumeirah, completed in 2010 by Seven Tides. 2 sold in the last 12 months.

Typical price per sqft
AED 2,819
Typical sale
AED 6.63M
Typical rent
AED 238K /yr
Typical yield
4.7%
Oceana - Aegean, Palm Jumeirah: prices, sales and rents →

Other units on the 11th floor

All 92 units in Oceana - Aegean
Value
10023-bedAED 2.95M · Dec 2010
10031-bedNo registered sale
10041-bedAED 1.82M · Jun 2011
10053-bedAED 4.65M · Mar 2014
10062-bedAED 1.28M · May 2017

1001, Oceana - Aegean in numbers

  • Sold once: by Seven Tides on 13 October 2010 for AED 2,285,073, or AED 1,336 per sqft.
  • Rented since August 2014 on 8 Ejari contracts. The rent fell from AED 163,013 to AED 110,000 in 2020 and recovered to AED 127,050 by July 2022.
  • At AED 127,050 a year the gross yield on the 2010 price is 5.6%, before a service charge of about AED 39,500 a year (AED 23.10 per sqft).

Source: Dubai Land Department. Updated 25 July 2022.

Questions about 1001, Oceana - Aegean

What did unit 1001 last sell for?

AED 2,285,073 on 13 October 2010, sold by the developer: AED 1,336 per sqft for 1,709 sqft. It is the only registered sale of the unit.

What is the rent for unit 1001?

AED 127,050 a year on the contract renewed on 25 July 2022. The previous contract, from July 2021, was AED 115,000; the unit has been rented since August 2014.

How big is unit 1001?

1,709 sqft (158.8 sqm): a two-bedroom apartment on the 11th floor of a 14-storey tower completed in 2010.

What is unit 1001 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 1001, Oceana - Aegean

Starts from the last sale price (AED 2.29M, 13 October 2010). Switch to today's estimate once you have unlocked it.
Price
AED 2,285,073
Deposit, UAE resident (20%)
AED 457,015
Deposit, non-resident (40%)
AED 914,029
Monthly over 25 years at 3.7%
AED 9,349

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