406, Oceana - Aegean
Sold prices and rental history: sold once, by the developer in January 2011, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 406, Oceana - Aegean
What is 406 worth today?
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Source: Dubai Land Department. Updated 23 October 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,709 sqft
- Floor
- 5th of 14
- Parking
- B2-2153
- Developer
- Seven Tides
- Completed
- 2010
- Service charge
- AED 39,500 /yr
- Last sold
- AED 2.06M · January 2011
- Building
- Oceana - Aegean
About 406, Oceana - Aegean
406 is a two-bedroom apartment of 1,709 sqft on the 5th floor of Oceana - Aegean, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. The developer sold it on 3 January 2011 for AED 2,064,584, or AED 1,207 per sqft, 3% below the AED 1,248 two-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 9 Ejari contracts. The current contract, renewed on 23 October 2024, is AED 265,000 a year: a gross yield of 12.8% on the 2011 price, before the service charge of about AED 39,500 a year.
Sales and rents for 406 over time
406 has sold once; the dashed line is the two-bed median of each year in the building.
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 406 sits
All 30 2-beds →406 last sold in January 2011 at AED 1,207 per sqft, 3% below what two-beds in Oceana - Aegean were fetching at the time (AED 1,248). 406's AED 265,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 1 May 20241 May 2024 | 1,709 sqft | 4,600,000 | 2,691 | ||
| 1 May 20241 May 2024 | 1,709 sqft | 4,590,000 | 2,685 | ||
| 22 Dec 202322 December 2023 | 2,444 sqft | 3,250,000 | 1,329 | ||
| 11 Dec 202311 December 2023 | 1,709 sqft | 3,900,000 | 2,281 |
Oceana - Aegean
Building92 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%
Other units on the 5th floor
All 92 units in Oceana - Aegean| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,709 sqft | AED 4.35MAED 4,350,000 · Aug 2023August 2023 | 310,000 /yr | |
| 402 | 3-bed | 2,280 sqft | AED 2.92MAED 2,916,750 · Jun 2021June 2021 | 300,000 /yr | |
| 403 | 1-bed | 1,338 sqft | AED 2.1MAED 2,100,000 · Oct 2017October 2017 | 144,100 /yr | |
| 404 | 1-bed | 1,338 sqft | AED 1.39MAED 1,386,986 · Oct 2010October 2010 | 160,000 /yr | |
| 405 | 3-bed | 2,440 sqft | AED 6MAED 6,000,000 · Sep 2026September 2026 | 310,000 /yr |
406, Oceana - Aegean in numbers
- Sold once: by Seven Tides on 3 January 2011 for AED 2,064,584, or AED 1,207 per sqft.
- Rented since August 2016 on 9 Ejari contracts. The rent fell from AED 170,000 to AED 122,000 in 2022 and recovered to AED 265,000 by October 2024.
- At AED 265,000 a year the gross yield on the 2011 price is 12.8%, before a service charge of about AED 39,500 a year (AED 23.10 per sqft).
Source: Dubai Land Department. Updated 23 October 2024.
Questions about 406, Oceana - Aegean
What did unit 406 last sell for?
AED 2,064,584 on 3 January 2011, sold by the developer: AED 1,207 per sqft for 1,709 sqft. It is the only registered sale of the unit.
What is the rent for unit 406?
AED 265,000 a year on the contract renewed on 23 October 2024. The previous contract, from October 2024, was AED 265,000; the unit has been rented since August 2016.
How big is unit 406?
1,709 sqft (158.8 sqm): a two-bedroom apartment on the 5th floor of a 14-storey tower completed in 2010.
What is unit 406 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 406, Oceana - Aegean
Starts from the last sale price (AED 2.06M, 3 January 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 2,064,584
- Deposit, UAE resident (20%)
- AED 412,917
- Deposit, non-resident (40%)
- AED 825,834
- Monthly over 25 years at 3.7%
- AED 8,447
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →