2-bed · 1,709 sqftOceana - Aegean, Palm Jumeirah · 12th floor · completed 2010

1106, Oceana - Aegean

Sold prices and rental history: sold 4 times, last in June 2023, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1106 · DLD and Ejari recordsUpdated 14 June 2023
Last soldAED 4.1M14 June 2023
Current rentAED 175K /yr5 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1106, Oceana - Aegean

What is 1106 worth today?

Last sold for AED 4,100,000 in 2023

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14 Jun 2023SoldReady
AED 4,100,000AED 2,398 per sqft
5 Feb 2022RentedNew contract
AED 175,000/yr12 months · AED 102 per sqft
23 Jan 2021RentedNew contract
AED 130,000/yr12 months · AED 76 per sqft
28 Aug 2019RentedRenewal
AED 170,000/yr12 months · AED 99 per sqft
28 Aug 2018RentedRenewal
AED 170,000/yr12 months · AED 99 per sqft
28 Aug 2017RentedNew contract
AED 170,000/yr12 months · AED 99 per sqft
19 Jul 2016RentedRenewal
AED 200,000/yr12 months · AED 117 per sqft
19 Jul 2015RentedNew contract
AED 215,000/yr12 months · AED 126 per sqft

Source: Dubai Land Department. Updated 14 June 2023.

Key facts

Type
2-bed apartment
Size
1,709 sqft
Floor
12th of 14
Parking
B1-1144
Developer
Seven Tides
Completed
2010
Service charge
AED 39,500 /yr
Last sold
AED 4.1M · June 2023

About 1106, Oceana - Aegean

1106 is a two-bedroom apartment of 1,709 sqft on the 12th floor of Oceana - Aegean, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 14 June 2023 for AED 4,100,000, or AED 2,398 per sqft, 6% above the AED 2,252 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, signed on 5 February 2022, is AED 175,000 a year: a gross yield of 4.3% on the 2023 price, before the service charge of about AED 39,500 a year.

Sales and rents for 1106 over time

Sales
Unit 1106, 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, April 2011: AED 2,315,140 (AED 1,354 per sqft)Sold, April 2012: AED 2,400,000 (AED 1,404 per sqft)Sold, July 2012: AED 2,750,000 (AED 1,608 per sqft)Sold, June 2023: AED 4,100,000 (AED 2,398 per sqft)

1106 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1106, 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, July 2015: AED 215,000 a yearRenewal, July 2016: AED 200,000 a yearNew contract, August 2017: AED 170,000 a yearRenewal, August 2018: AED 170,000 a yearRenewal, August 2019: AED 170,000 a yearNew contract, January 2021: AED 130,000 a yearNew contract, February 2022: AED 175,000 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 1106 sits

All 30 2-beds →

1106 last sold in June 2023 at AED 2,398 per sqft, 6% above what two-beds in Oceana - Aegean were fetching at the time (AED 2,252). 1106's AED 175,000 is in the lower half 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 12th floor

All 92 units in Oceana - Aegean
Value
11012-bedAED 3.85M · Mar 2023
11023-bedAED 5.68M · Nov 2023
11031-bedAED 1.65M · Dec 2010
11041-bedAED 1.8M · Jun 2011
11053-bedAED 4.5M · Mar 2023

1106, Oceana - Aegean in numbers

  • Sold 4 times: first on 27 April 2011 for AED 2,315,140, last on 14 June 2023 for AED 4,100,000 (AED 2,398 per sqft).
  • Rented since July 2015 on 7 Ejari contracts. The rent fell from AED 215,000 to AED 130,000 in 2021 and recovered to AED 175,000 by February 2022.
  • At AED 175,000 a year the gross yield on the 2023 price is 4.3%, before a service charge of about AED 39,500 a year (AED 23.10 per sqft).

Source: Dubai Land Department. Updated 14 June 2023.

Questions about 1106, Oceana - Aegean

What did unit 1106 last sell for?

AED 4,100,000 on 14 June 2023: AED 2,398 per sqft for 1,709 sqft. The unit has 4 registered sales; the first was AED 2,315,140 in April 2011.

What is the rent for unit 1106?

AED 175,000 a year on the contract signed on 5 February 2022. The previous contract, from January 2021, was AED 130,000; the unit has been rented since July 2015.

How big is unit 1106?

1,709 sqft (158.8 sqm): a two-bedroom apartment on the 12th floor of a 14-storey tower completed in 2010.

What is unit 1106 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 1106, Oceana - Aegean

Starts from the last sale price (AED 4.1M, 14 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 4,100,000
Deposit, UAE resident (20%)
AED 820,000
Deposit, non-resident (40%)
AED 1,640,000
Monthly over 25 years at 3.7%
AED 16,774

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