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3-bed · 2,440 sqftOceana - Atlantic, Palm Jumeirah · 11th floor · completed 2010

1002, Oceana - Atlantic

Sold prices and rental history: sold 3 times, last in April 2016, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1002 · DLD and Ejari recordsUpdated 15 November 2018
Last soldAED 3.55M4 April 2016
Current rentAED 260K /yr15 November 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1002, Oceana - Atlantic

What is 1002 worth today?

Last sold for AED 3,550,000 in 2016

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15 Nov 2018RentedRenewal
AED 259,636/yr11 months · AED 106 per sqft
15 Nov 2017RentedNew contract
AED 257,000/yr12 months · AED 105 per sqft
4 Apr 2016SoldReady
AED 3,550,000AED 1,454 per sqft
1 Mar 2015RentedNew contract
AED 225,000/yr12 months · AED 92 per sqft
16 Jun 2013RentedNew contract
AED 240,000/yr12 months · AED 98 per sqft
20 Jan 2011SoldReady
AED 2,500,000AED 1,024 per sqft
13 Dec 2010Sold by developerReady
AED 2,947,128AED 1,207 per sqft

Source: Dubai Land Department. Updated 15 November 2018.

Key facts

Type
3-bed apartment
Size
2,440 sqft
Floor
11th of 14
Parking
B2-2069,2070
Developer
Seven Tides
Completed
2010
Service charge
AED 56,400 /yr
Last sold
AED 3.55M · April 2016
Building
Oceana - Atlantic

About 1002, Oceana - Atlantic

1002 is a three-bedroom apartment of 2,440 sqft on the 11th floor of Oceana - Atlantic, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 4 April 2016 for AED 3,550,000, or AED 1,454 per sqft.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, renewed on 15 November 2018, is AED 259,636 a year: a gross yield of 7.3% on the 2016 price, before the service charge of about AED 56,400 a year.

Sales and rents for 1002 over time

Sales
Unit 1002, each saleTypical three-bed in Oceana - Atlantic
3M4M5M2010201420182022Typical sale price by year: 2010 AED 2,947,128; 2011 AED 2,585,200; 2013 AED 4,150,000; 2016 AED 4,700,000; 2017 AED 4,300,000; 2024 AED 4,478,597Sold by developer, December 2010: AED 2,947,128 (AED 1,207 per sqft)Sold, January 2011: AED 2,500,000 (AED 1,024 per sqft)Sold, April 2016: AED 3,550,000 (AED 1,454 per sqft)

1002 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1002, each contractTypical three-bed in Oceana - Atlantic
200K250K300K2013201720212025Typical rent by year: 2013 AED 250,000; 2014 AED 280,000; 2015 AED 250,500; 2016 AED 255,000; 2017 AED 260,000; 2018 AED 252,500; 2019 AED 234,000; 2020 AED 217,500; 2021 AED 210,000; 2022 AED 237,500; 2023 AED 290,000; 2024 AED 299,250; 2025 AED 300,000; 2026 AED 300,000New contract, June 2013: AED 240,000 a yearNew contract, March 2015: AED 225,000 a yearNew contract, November 2017: AED 257,000 a yearRenewal, November 2018: AED 259,636 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 - Atlantic, and where 1002 sits

All 26 3-beds →

Over the last 12 months three-beds sold for AED 7,360,000, around AED 3,228 per sqft, and rent for AED 280,000 to 525,000 a year. 1002's AED 259,636 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
11 Jun 20267,360,000
21 Aug 20255,800,000
6 Mar 20256,950,000
23 Sep 20245,750,000
1 3-bed sale in the last 12 months

Oceana - Atlantic

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 3,216
Typical sale
AED 6.42M
Typical rent
AED 235K /yr
Typical yield
4.2%
Oceana - Atlantic, Palm Jumeirah: prices, sales and rents →

Other units on the 11th floor

All 92 units in Oceana - Atlantic
Value
10012-bedAED 4.99M · Feb 2024
10031-bedAED 2.35M · Sep 2021
10041-bedAED 1.62M · Jan 2011
10053-bedAED 5M · Jul 2013
10062-bedAED 2.29M · Mar 2011

1002, Oceana - Atlantic in numbers

  • Sold 3 times: first on 13 December 2010 for AED 2,947,128, last on 4 April 2016 for AED 3,550,000 (AED 1,454 per sqft).
  • Rented since June 2013 on 4 Ejari contracts, from AED 240,000 to AED 259,636 a year.
  • At AED 259,636 a year the gross yield on the 2016 price is 7.3%, before a service charge of about AED 56,400 a year (AED 23.10 per sqft).
  • Three-beds in Oceana - Atlantic sold for AED 7,360,000–7,360,000 in the 12 months to November 2026; the building's median across all types is AED 3,216 per sqft.

Source: Dubai Land Department. Updated 15 November 2018.

Questions about 1002, Oceana - Atlantic

What did unit 1002 last sell for?

AED 3,550,000 on 4 April 2016: AED 1,454 per sqft for 2,440 sqft. The unit has 3 registered sales; the first was AED 2,947,128 in December 2010.

What is the rent for unit 1002?

AED 259,636 a year on the contract renewed on 15 November 2018. The previous contract, from November 2017, was AED 257,000; the unit has been rented since June 2013.

How big is unit 1002?

2,440 sqft (226.7 sqm): a three-bedroom apartment on the 11th floor of a 14-storey tower completed in 2010.

What is unit 1002 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Oceana - Atlantic sold for AED 7,360,000 to 7,360,000 in the last 12 months, around AED 3,228 per sqft.

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Mortgage on 1002, Oceana - Atlantic

Starts from the last sale price (AED 3.55M, 4 April 2016). Switch to today's estimate once you have unlocked it.
Price
AED 3,550,000
Deposit, UAE resident (20%)
AED 710,000
Deposit, non-resident (40%)
AED 1,420,000
Monthly over 25 years at 3.7%
AED 14,524

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