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2-bed · 1,709 sqftOceana - Aegean, Palm Jumeirah · 6th floor · completed 2010

506, Oceana - Aegean

Sold prices and rental history: sold twice, last in September 2020, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 506 · DLD and Ejari recordsUpdated 28 September 2020
Last soldAED 1.72M23 September 2020
Current rentAED 103K /yr28 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 506, Oceana - Aegean

What is 506 worth today?

Last sold for AED 1,720,000 in 2020

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28 Sep 2020RentedNew contract
AED 103,000/yr12 months · AED 60 per sqft
23 Sep 2020SoldReady
AED 1,720,000AED 1,006 per sqft
10 Aug 2020RentedRenewal
AED 103,000/yr12 months · AED 60 per sqft
10 Jul 2019RentedNew contract
AED 103,000/yr13 months · AED 60 per sqft
20 Jan 2018RentedNew contract
AED 150,000/yr12 months · AED 88 per sqft
20 Jan 2017RentedNew contract
AED 159,000/yr12 months · AED 93 per sqft
25 Mar 2015RentedNew contract
AED 216,000/yr12 months · AED 126 per sqft
25 Mar 2014RentedNew contract
AED 216,000/yr12 months · AED 126 per sqft

Source: Dubai Land Department. Updated 28 September 2020.

Key facts

Type
2-bed apartment
Size
1,709 sqft
Floor
6th of 14
Parking
B2-2151
Developer
Seven Tides
Completed
2010
Service charge
AED 39,500 /yr
Last sold
AED 1.72M · September 2020
Building
Oceana - Aegean

About 506, Oceana - Aegean

506 is a two-bedroom apartment of 1,709 sqft on the 6th floor of Oceana - Aegean, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 23 September 2020 for AED 1,720,000, or AED 1,006 per sqft.

It has been rented continuously since 2012 on 8 Ejari contracts. The current contract, signed on 28 September 2020, is AED 103,000 a year: a gross yield of 6.0% on the 2020 price, before the service charge of about AED 39,500 a year.

Sales and rents for 506 over time

Sales
Unit 506, 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, January 2011: AED 2,134,739 (AED 1,248 per sqft)Sold, September 2020: AED 1,720,000 (AED 1,006 per sqft)

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

Rents
Unit 506, 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, December 2012: AED 160,000 a yearNew contract, March 2014: AED 216,000 a yearNew contract, March 2015: AED 216,000 a yearNew contract, January 2017: AED 159,000 a yearNew contract, January 2018: AED 150,000 a yearNew contract, July 2019: AED 103,000 a yearRenewal, August 2020: AED 103,000 a yearNew contract, September 2020: AED 103,000 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 506 sits

All 30 2-beds →

506's AED 103,000 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 6th floor

All 92 units in Oceana - Aegean
Value
5012-bedAED 2.13M · Dec 2010
5023-bedAED 4.08M · Dec 2015
5031-bedAED 1.52M · May 2011
5041-bedAED 2.85M · May 2023
5053-bedAED 4.7M · Nov 2022

506, Oceana - Aegean in numbers

  • Sold twice: first on 3 January 2011 for AED 2,134,739, last on 23 September 2020 for AED 1,720,000 (AED 1,006 per sqft).
  • Rented since December 2012 on 8 Ejari contracts, from AED 160,000 to AED 103,000 a year.
  • At AED 103,000 a year the gross yield on the 2020 price is 6.0%, before a service charge of about AED 39,500 a year (AED 23.10 per sqft).

Source: Dubai Land Department. Updated 28 September 2020.

Questions about 506, Oceana - Aegean

What did unit 506 last sell for?

AED 1,720,000 on 23 September 2020: AED 1,006 per sqft for 1,709 sqft. The unit has 2 registered sales; the first was AED 2,134,739 in January 2011.

What is the rent for unit 506?

AED 103,000 a year on the contract signed on 28 September 2020. The previous contract, from August 2020, was AED 103,000; the unit has been rented since December 2012.

How big is unit 506?

1,709 sqft (158.8 sqm): a two-bedroom apartment on the 6th floor of a 14-storey tower completed in 2010.

What is unit 506 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 506, Oceana - Aegean

Starts from the last sale price (AED 1.72M, 23 September 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,720,000
Deposit, UAE resident (20%)
AED 344,000
Deposit, non-resident (40%)
AED 688,000
Monthly over 25 years at 3.7%
AED 7,037

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