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2-bed · 1,709 sqftOceana - Aegean, Palm Jumeirah · 13th floor · completed 2010

1206, Oceana - Aegean

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

Unit 1206 · DLD and Ejari recordsUpdated 27 March 2023
Last soldAED 3.78M27 March 2023
Current rentAED 127K /yr27 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1206, Oceana - Aegean

What is 1206 worth today?

Last sold for AED 3,775,000 in 2023

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27 Mar 2023SoldReady
AED 3,775,000AED 2,208 per sqft
27 Mar 2022RentedNew contract
AED 126,663/yr9 months · AED 74 per sqft
27 Mar 2021RentedNew contract
AED 120,000/yr12 months · AED 70 per sqft
12 Mar 2020RentedNew contract
AED 130,000/yr12 months · AED 76 per sqft
28 Jun 2019RentedNew contract
AED 165,000/yr13 months · AED 96 per sqft
13 Oct 2016RentedRenewal
AED 200,000/yr12 months · AED 117 per sqft
13 Oct 2015RentedNew contract
AED 200,000/yr12 months · AED 117 per sqft
12 May 2011Sold by developerReady
AED 2,345,207AED 1,372 per sqft

Source: Dubai Land Department. Updated 27 March 2023.

Key facts

Type
2-bed apartment
Size
1,709 sqft
Floor
13th of 14
Parking
B1-1146
Developer
Seven Tides
Completed
2010
Service charge
AED 39,500 /yr
Last sold
AED 3.78M · March 2023
Building
Oceana - Aegean

About 1206, Oceana - Aegean

1206 is a two-bedroom apartment of 1,709 sqft on the 13th floor of Oceana - Aegean, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 27 March 2023 for AED 3,775,000, or AED 2,208 per sqft, in line with the AED 2,208 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, signed on 27 March 2022, is AED 126,663 a year: a gross yield of 3.4% on the 2023 price, before the service charge of about AED 39,500 a year.

Sales and rents for 1206 over time

Sales
Unit 1206, 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, May 2011: AED 2,345,207 (AED 1,372 per sqft)Sold, March 2023: AED 3,775,000 (AED 2,208 per sqft)

1206 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1206, 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, October 2015: AED 200,000 a yearRenewal, October 2016: AED 200,000 a yearNew contract, June 2019: AED 165,000 a yearNew contract, March 2020: AED 130,000 a yearNew contract, March 2021: AED 120,000 a yearNew contract, March 2022: AED 126,663 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 1206 sits

All 30 2-beds →

1206 last sold in March 2023 at AED 2,208 per sqft, in line with what two-beds in Oceana - Aegean were fetching at the time (AED 2,208). 1206's AED 126,663 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 13th floor

All 92 units in Oceana - Aegean
Value
12012-bedAED 2.5M · Mar 2019
12023-bedAED 3.1M · Feb 2012
12031-bedAED 1.44M · Jan 2021
12041-bedAED 1.66M · Jan 2011
12053-bedAED 4.95M · May 2023

1206, Oceana - Aegean in numbers

  • Sold twice: first on 12 May 2011 for AED 2,345,207, last on 27 March 2023 for AED 3,775,000 (AED 2,208 per sqft).
  • Rented since October 2015 on 6 Ejari contracts, from AED 200,000 to AED 126,663 a year.
  • At AED 126,663 a year the gross yield on the 2023 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 27 March 2023.

Questions about 1206, Oceana - Aegean

What did unit 1206 last sell for?

AED 3,775,000 on 27 March 2023: AED 2,208 per sqft for 1,709 sqft. The unit has 2 registered sales; the first was AED 2,345,207 in May 2011.

What is the rent for unit 1206?

AED 126,663 a year on the contract signed on 27 March 2022. The previous contract, from March 2021, was AED 120,000; the unit has been rented since October 2015.

How big is unit 1206?

1,709 sqft (158.8 sqm): a two-bedroom apartment on the 13th floor of a 14-storey tower completed in 2010.

What is unit 1206 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 1206, Oceana - Aegean

Starts from the last sale price (AED 3.78M, 27 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,775,000
Deposit, UAE resident (20%)
AED 755,000
Deposit, non-resident (40%)
AED 1,510,000
Monthly over 25 years at 3.7%
AED 15,445

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