1-bed · 1,338 sqftOceana - Atlantic, Palm Jumeirah · 11th floor · completed 2010

1003, Oceana - Atlantic

Sold prices and rental history: sold 4 times, last in September 2021, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1003 · DLD and Ejari recordsUpdated 6 September 2021
Last soldAED 2.35M6 September 2021
Current rentAED 50K /yr1 October 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1003, Oceana - Atlantic

What is 1003 worth today?

Last sold for AED 2,350,000 in 2021

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6 Sep 2021SoldReady
AED 2,350,000AED 1,756 per sqft
4 Feb 2018SoldReady
AED 2,850,000AED 2,129 per sqft
1 Oct 2017RentedRenewal
AED 50,000/yr12 months · AED 37 per sqft
1 Oct 2016RentedRenewal
AED 50,000/yr12 months · AED 37 per sqft
1 Oct 2015RentedRenewal
AED 50,000/yr12 months · AED 37 per sqft
1 Oct 2014RentedRenewal
AED 50,000/yr12 months · AED 37 per sqft
1 Oct 2013RentedNew contract
AED 50,000/yr12 months · AED 37 per sqft
1 Oct 2012RentedNew contract
AED 50,000/yr12 months · AED 37 per sqft

Source: Dubai Land Department. Updated 6 September 2021.

Key facts

Type
1-bed apartment
Size
1,338 sqft
Floor
11th of 14
Parking
B2-2082
Developer
Seven Tides
Completed
2010
Service charge
AED 30,900 /yr
Last sold
AED 2.35M · September 2021

About 1003, Oceana - Atlantic

1003 is a one-bedroom apartment of 1,338 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 6 September 2021 for AED 2,350,000, or AED 1,756 per sqft, 18% above the AED 1,494 one-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 6 Ejari contracts. The current contract, renewed on 1 October 2017, is AED 50,000 a year: a gross yield of 2.1% on the 2021 price, before the service charge of about AED 30,900 a year.

Sales and rents for 1003 over time

Sales
Unit 1003, each saleTypical one-bed in Oceana - Atlantic
2M3M20102014201820222026Typical sale price by year: 2010 AED 1,515,016; 2011 AED 1,611,038; 2012 AED 1,800,000; 2013 AED 2,150,000; 2014 AED 2,800,000; 2018 AED 2,000,000; 2021 AED 2,000,000; 2025 AED 3,600,000Sold by developer, December 2010: AED 1,621,707 (AED 1,211 per sqft)Sold, March 2011: AED 1,550,000 (AED 1,158 per sqft)Sold, February 2018: AED 2,850,000 (AED 2,129 per sqft)Sold, September 2021: AED 2,350,000 (AED 1,756 per sqft)

1003 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1003, each contractTypical one-bed in Oceana - Atlantic
100K200K2012201620202024Typical rent by year: 2012 AED 120,000; 2013 AED 150,000; 2014 AED 145,000; 2015 AED 160,000; 2016 AED 150,000; 2017 AED 140,000; 2018 AED 131,000; 2019 AED 122,500; 2020 AED 110,000; 2021 AED 110,000; 2022 AED 132,500; 2023 AED 150,000; 2024 AED 177,500; 2025 AED 180,000; 2026 AED 167,000New contract, October 2012: AED 50,000 a yearNew contract, October 2013: AED 50,000 a yearRenewal, October 2014: AED 50,000 a yearRenewal, October 2015: AED 50,000 a yearRenewal, October 2016: AED 50,000 a yearRenewal, October 2017: AED 50,000 a year

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

1-beds in Oceana - Atlantic, and where 1003 sits

All 34 1-beds →

1003 last sold in September 2021 at AED 1,756 per sqft, 18% above what one-beds in Oceana - Atlantic were fetching at the time (AED 1,494). 1003's AED 50,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
22 Oct 20253,660,000
4 Jun 20253,550,000
27 Mar 20253,600,000
24 Mar 20253,500,000
0 1-bed sales 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
10023-bedAED 3.55M · Apr 2016
10041-bedAED 1.62M · Jan 2011
10053-bedAED 5M · Jul 2013
10062-bedAED 2.29M · Mar 2011

1003, Oceana - Atlantic in numbers

  • Sold 4 times: first on 13 December 2010 for AED 1,621,707, last on 6 September 2021 for AED 2,350,000 (AED 1,756 per sqft).
  • Rented since October 2012 on 6 Ejari contracts, at AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2021 price is 2.1%, before a service charge of about AED 30,900 a year (AED 23.10 per sqft).

Source: Dubai Land Department. Updated 6 September 2021.

Questions about 1003, Oceana - Atlantic

What did unit 1003 last sell for?

AED 2,350,000 on 6 September 2021: AED 1,756 per sqft for 1,338 sqft. The unit has 4 registered sales; the first was AED 1,621,707 in December 2010.

What is the rent for unit 1003?

AED 50,000 a year on the contract renewed on 1 October 2017. The previous contract, from October 2016, was AED 50,000; the unit has been rented since October 2012.

How big is unit 1003?

1,338 sqft (124.3 sqm): a one-bedroom apartment on the 11th floor of a 14-storey tower completed in 2010.

What is unit 1003 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 1003, Oceana - Atlantic

Starts from the last sale price (AED 2.35M, 6 September 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,350,000
Deposit, UAE resident (20%)
AED 470,000
Deposit, non-resident (40%)
AED 940,000
Monthly over 25 years at 3.7%
AED 9,615

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