3-bed · 2,280 sqftOceana - Aegean, Palm Jumeirah · 8th floor · completed 2010

702, Oceana - Aegean

Sold prices and rental history: sold once, by the developer in January 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 702 · DLD and Ejari recordsUpdated 12 January 2024
Last soldAED 5.5M12 January 2024
Current rentAED 173K /yr24 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 702, Oceana - Aegean

What is 702 worth today?

Last sold for AED 5,500,000 in 2024

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12 Jan 2024Sold by developerReady
AED 5,500,000AED 2,412 per sqft
24 Jul 2022RentedRenewal
AED 173,250/yr12 months · AED 76 per sqft
24 Jul 2021RentedRenewal
AED 165,000/yr12 months · AED 72 per sqft
24 Jul 2020RentedRenewal
AED 150,000/yr12 months · AED 66 per sqft
24 Jul 2019RentedRenewal
AED 165,000/yr12 months · AED 72 per sqft
24 Jul 2018RentedRenewal
AED 190,000/yr12 months · AED 83 per sqft
24 Jul 2017RentedNew contract
AED 190,000/yr12 months · AED 83 per sqft
5 Jun 2016RentedNew contract
AED 230,000/yr12 months · AED 101 per sqft

Source: Dubai Land Department. Updated 12 January 2024.

Key facts

Type
3-bed apartment
Size
2,280 sqft
Floor
8th of 14
Parking
B2-2144,2145
Developer
Seven Tides
Completed
2010
Service charge
AED 52,700 /yr
Last sold
AED 5.5M · January 2024

About 702, Oceana - Aegean

702 is a three-bedroom apartment of 2,280 sqft on the 8th floor of Oceana - Aegean, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. The developer sold it on 12 January 2024 for AED 5,500,000, or AED 2,412 per sqft, 19% above the AED 2,028 three-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, renewed on 24 July 2022, is AED 173,250 a year: a gross yield of 3.1% on the 2024 price, before the service charge of about AED 52,700 a year.

Sales and rents for 702 over time

Sales
Unit 702, each saleTypical three-bed in Oceana - Aegean
4M6M20102014201820222026Typical sale price by year: 2010 AED 2,947,128; 2011 AED 2,623,978; 2012 AED 3,025,000; 2014 AED 4,650,000; 2023 AED 4,775,000; 2025 AED 5,012,650Sold by developer, January 2024: AED 5,500,000 (AED 2,412 per sqft)

702 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 702, each contractTypical three-bed in Oceana - Aegean
200K300K2012201620202024Typical rent by year: 2012 AED 250,000; 2013 AED 202,500; 2014 AED 255,000; 2015 AED 260,000; 2016 AED 230,000; 2017 AED 210,000; 2018 AED 194,732; 2019 AED 186,000; 2020 AED 157,500; 2021 AED 169,125; 2022 AED 185,000; 2023 AED 272,500; 2024 AED 305,000; 2025 AED 310,000; 2026 AED 315,000New contract, June 2016: AED 230,000 a yearNew contract, July 2017: AED 190,000 a yearRenewal, July 2018: AED 190,000 a yearRenewal, July 2019: AED 165,000 a yearRenewal, July 2020: AED 150,000 a yearRenewal, July 2021: AED 165,000 a yearRenewal, July 2022: AED 173,250 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Oceana - Aegean, and where 702 sits

All 26 3-beds →

702 last sold in January 2024 at AED 2,412 per sqft, 19% above what three-beds in Oceana - Aegean were fetching at the time (AED 2,028). Over the last 12 months three-beds sold for AED 6,000,000 to 7,250,000, around AED 2,819 per sqft, and rent for AED 280,000 to 360,000 a year. 702's AED 173,250 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
8 Sep 20266,000,000
20 Nov 20257,250,000
7 Aug 20254,166,452
17 Apr 20254,425,300
2 3-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
7012-bedAED 3.65M · Jan 2014
7031-bedAED 3.35M · Feb 2025
7041-bedAED 249K · Dec 2019
7053-bedAED 3M · Jan 2013
7062-bedAED 4.59M · May 2024

702, Oceana - Aegean in numbers

  • Sold once: by Seven Tides on 12 January 2024 for AED 5,500,000, or AED 2,412 per sqft.
  • Rented since June 2016 on 7 Ejari contracts. The rent fell from AED 230,000 to AED 150,000 in 2020 and recovered to AED 173,250 by July 2022.
  • At AED 173,250 a year the gross yield on the 2024 price is 3.1%, before a service charge of about AED 52,700 a year (AED 23.10 per sqft).
  • Three-beds in Oceana - Aegean sold for AED 6,000,000–7,250,000 in the 12 months to November 2026; the building's median across all types is AED 2,819 per sqft.

Source: Dubai Land Department. Updated 12 January 2024.

Questions about 702, Oceana - Aegean

What did unit 702 last sell for?

AED 5,500,000 on 12 January 2024, sold by the developer: AED 2,412 per sqft for 2,280 sqft. It is the only registered sale of the unit.

What is the rent for unit 702?

AED 173,250 a year on the contract renewed on 24 July 2022. The previous contract, from July 2021, was AED 165,000; the unit has been rented since June 2016.

How big is unit 702?

2,280 sqft (211.8 sqm): a three-bedroom apartment on the 8th floor of a 14-storey tower completed in 2010.

What is unit 702 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Oceana - Aegean sold for AED 6,000,000 to 7,250,000 in the last 12 months, around AED 2,819 per sqft.

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Mortgage on 702, Oceana - Aegean

Starts from the last sale price (AED 5.5M, 12 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 5,500,000
Deposit, UAE resident (20%)
AED 1,100,000
Deposit, non-resident (40%)
AED 2,200,000
Monthly over 25 years at 3.7%
AED 22,502

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