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2-bed · 1,709 sqftOceana - Aegean, Palm Jumeirah · 8th floor · completed 2010

701, Oceana - Aegean

Sold prices and rental history: sold twice, last in January 2014, and rented once, from October 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 701 · DLD and Ejari recordsUpdated 8 January 2014
Last soldAED 3.65M8 January 2014
Current rentAED 170K /yr8 October 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 701, Oceana - Aegean

What is 701 worth today?

Last sold for AED 3,650,000 in 2014

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8 Jan 2014SoldReady
AED 3,650,000AED 2,135 per sqft
8 Oct 2013RentedNew contract
AED 170,000/yr12 months · AED 99 per sqft
17 Jun 2013Sold by developerReady
AED 2,975,000AED 1,740 per sqft

Source: Dubai Land Department. Updated 8 January 2014.

Key facts

Type
2-bed apartment
Size
1,709 sqft
Floor
8th of 14
Parking
B1-1140
Developer
Seven Tides
Completed
2010
Service charge
AED 39,500 /yr
Last sold
AED 3.65M · January 2014
Building
Oceana - Aegean

About 701, Oceana - Aegean

701 is a two-bedroom apartment of 1,709 sqft on the 8th floor of Oceana - Aegean, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 8 January 2014 for AED 3,650,000, or AED 2,135 per sqft, 19% above the AED 1,793 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 8 October 2013. The current contract, signed on 8 October 2013, is AED 170,000 a year: a gross yield of 4.7% on the 2014 price, before the service charge of about AED 39,500 a year.

Sales and rents for 701 over time

Sales
Unit 701, 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, June 2013: AED 2,975,000 (AED 1,740 per sqft)Sold, January 2014: AED 3,650,000 (AED 2,135 per sqft)

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

Rents
Unit 701, 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 2013: AED 170,000 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 701 sits

All 30 2-beds →

701 last sold in January 2014 at AED 2,135 per sqft, 19% above what two-beds in Oceana - Aegean were fetching at the time (AED 1,793). 701's AED 170,000 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 8th floor

All 92 units in Oceana - Aegean
Value
7023-bedAED 5.5M · Jan 2024
7031-bedAED 3.35M · Feb 2025
7041-bedAED 249K · Dec 2019
7053-bedAED 3M · Jan 2013
7062-bedAED 4.59M · May 2024

701, Oceana - Aegean in numbers

  • Sold twice: first on 17 June 2013 for AED 2,975,000, last on 8 January 2014 for AED 3,650,000 (AED 2,135 per sqft).
  • Rented since October 2013 on one Ejari contract, at AED 170,000 a year.
  • At AED 170,000 a year the gross yield on the 2014 price is 4.7%, before a service charge of about AED 39,500 a year (AED 23.10 per sqft).

Source: Dubai Land Department. Updated 8 January 2014.

Questions about 701, Oceana - Aegean

What did unit 701 last sell for?

AED 3,650,000 on 8 January 2014: AED 2,135 per sqft for 1,709 sqft. The unit has 2 registered sales; the first was AED 2,975,000 in June 2013.

What is the rent for unit 701?

AED 170,000 a year on the contract signed on 8 October 2013.

How big is unit 701?

1,709 sqft (158.8 sqm): a two-bedroom apartment on the 8th floor of a 14-storey tower completed in 2010.

What is unit 701 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 701, Oceana - Aegean

Starts from the last sale price (AED 3.65M, 8 January 2014). Switch to today's estimate once you have unlocked it.
Price
AED 3,650,000
Deposit, UAE resident (20%)
AED 730,000
Deposit, non-resident (40%)
AED 1,460,000
Monthly over 25 years at 3.7%
AED 14,933

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