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2-bed · 2,444 sqftOceana - Aegean, Palm Jumeirah · -1th floor · completed 2010

PR02, Oceana - Aegean

Sold prices and rental history: sold 3 times, last in March 2018, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit PR02 · DLD and Ejari recordsUpdated 25 March 2018
Last soldAED 2.63M25 March 2018
Current rentAED 176K /yr8 June 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for PR02, Oceana - Aegean

What is PR02 worth today?

Last sold for AED 2,630,000 in 2018

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25 Mar 2018SoldReady
AED 2,630,000AED 1,076 per sqft
8 Jun 2016RentedNew contract
AED 176,087/yr12 months · AED 72 per sqft
26 Oct 2014RentedNew contract
AED 185,000/yr12 months · AED 76 per sqft
25 Oct 2013RentedNew contract
AED 181,000/yr12 months · AED 74 per sqft
13 Jun 2012SoldReady
AED 1,825,000AED 746 per sqft
12 Jun 2012Sold by developerReady
AED 2,346,240AED 960 per sqft

Source: Dubai Land Department. Updated 25 March 2018.

Key facts

Type
2-bed apartment
Size
2,444 sqft
Floor
-1th of 14
Parking
B1-1A3-4,1A3-5
Developer
Seven Tides
Completed
2010
Service charge
AED 56,500 /yr
Last sold
AED 2.63M · March 2018
Building
Oceana - Aegean

About PR02, Oceana - Aegean

PR02 is a two-bedroom apartment of 2,444 sqft on the -1th floor of Oceana - Aegean, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 25 March 2018 for AED 2,630,000, or AED 1,076 per sqft, 28% below the AED 1,499 two-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 8 June 2016, is AED 176,087 a year: a gross yield of 6.7% on the 2018 price, before the service charge of about AED 56,500 a year.

Sales and rents for PR02 over time

Sales
Unit PR02, 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, June 2012: AED 1,825,000 (AED 746 per sqft)Sold by developer, June 2012: AED 2,346,240 (AED 960 per sqft)Sold, March 2018: AED 2,630,000 (AED 1,076 per sqft)

PR02 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit PR02, 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 181,000 a yearNew contract, October 2014: AED 185,000 a yearNew contract, June 2016: AED 176,087 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 PR02 sits

All 30 2-beds →

PR02 last sold in March 2018 at AED 1,076 per sqft, 28% below what two-beds in Oceana - Aegean were fetching at the time (AED 1,499). PR02's AED 176,087 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 -1th floor

All 92 units in Oceana - Aegean
Value
PR011-bedAED 2.5M · Sep 2023
PR032-bedAED 3.25M · Dec 2023
PR041-bedAED 1.41M · Aug 2012

PR02, Oceana - Aegean in numbers

  • Sold 3 times: first on 12 June 2012 for AED 2,346,240, last on 25 March 2018 for AED 2,630,000 (AED 1,076 per sqft).
  • Rented since October 2013 on 3 Ejari contracts, from AED 181,000 to AED 176,087 a year.
  • At AED 176,087 a year the gross yield on the 2018 price is 6.7%, before a service charge of about AED 56,500 a year (AED 23.10 per sqft).

Source: Dubai Land Department. Updated 25 March 2018.

Questions about PR02, Oceana - Aegean

What did unit PR02 last sell for?

AED 2,630,000 on 25 March 2018: AED 1,076 per sqft for 2,444 sqft. The unit has 3 registered sales; the first was AED 2,346,240 in June 2012.

What is the rent for unit PR02?

AED 176,087 a year on the contract signed on 8 June 2016. The previous contract, from October 2014, was AED 185,000; the unit has been rented since October 2013.

How big is unit PR02?

2,444 sqft (227.1 sqm): a two-bedroom apartment on the -1th floor of a 14-storey tower completed in 2010.

What is unit PR02 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 PR02, Oceana - Aegean

Starts from the last sale price (AED 2.63M, 25 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,630,000
Deposit, UAE resident (20%)
AED 526,000
Deposit, non-resident (40%)
AED 1,052,000
Monthly over 25 years at 3.7%
AED 10,760

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