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

1004, Oceana - Atlantic

Sold prices and rental history: sold once, by the developer in January 2011, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1004 · DLD and Ejari recordsUpdated 12 November 2021
Last soldAED 1.62M31 January 2011
Current rentAED 100K /yr12 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1004, Oceana - Atlantic

What is 1004 worth today?

Last sold for AED 1,621,707 in 2011

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12 Nov 2021RentedRenewal
AED 100,000/yr1 months · AED 75 per sqft
12 Nov 2020RentedNew contract
AED 100,000/yr12 months · AED 75 per sqft
30 Sep 2019RentedRenewal
AED 120,000/yr12 months · AED 90 per sqft
30 Sep 2018RentedNew contract
AED 125,000/yr12 months · AED 93 per sqft
29 Nov 2017RentedNew contract
AED 130,000/yr12 months · AED 97 per sqft
29 Sep 2016RentedNew contract
AED 140,000/yr12 months · AED 105 per sqft
15 Jul 2015RentedNew contract
AED 160,000/yr12 months · AED 120 per sqft
31 Jan 2011Sold by developerReady
AED 1,621,707AED 1,211 per sqft

Source: Dubai Land Department. Updated 12 November 2021.

Key facts

Type
1-bed apartment
Size
1,338 sqft
Floor
11th of 14
Parking
B2-2081
Developer
Seven Tides
Completed
2010
Service charge
AED 30,900 /yr
Last sold
AED 1.62M · January 2011

About 1004, Oceana - Atlantic

1004 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. The developer sold it on 31 January 2011 for AED 1,621,707, or AED 1,211 per sqft, 7% above the AED 1,132 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, renewed on 12 November 2021, is AED 100,000 a year: a gross yield of 6.2% on the 2011 price, before the service charge of about AED 30,900 a year.

Sales and rents for 1004 over time

Sales
Unit 1004, 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, January 2011: AED 1,621,707 (AED 1,211 per sqft)

1004 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1004, each contractTypical one-bed in Oceana - Atlantic
100K150K2012201620202024Typical 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, July 2015: AED 160,000 a yearNew contract, September 2016: AED 140,000 a yearNew contract, November 2017: AED 130,000 a yearNew contract, September 2018: AED 125,000 a yearRenewal, September 2019: AED 120,000 a yearNew contract, November 2020: AED 100,000 a yearRenewal, November 2021: AED 100,000 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 1004 sits

All 34 1-beds →

1004 last sold in January 2011 at AED 1,211 per sqft, 7% above what one-beds in Oceana - Atlantic were fetching at the time (AED 1,132). 1004's AED 100,000 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
10031-bedAED 2.35M · Sep 2021
10053-bedAED 5M · Jul 2013
10062-bedAED 2.29M · Mar 2011

1004, Oceana - Atlantic in numbers

  • Sold once: by Seven Tides on 31 January 2011 for AED 1,621,707, or AED 1,211 per sqft.
  • Rented since July 2015 on 7 Ejari contracts, from AED 160,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2011 price is 6.2%, before a service charge of about AED 30,900 a year (AED 23.10 per sqft).

Source: Dubai Land Department. Updated 12 November 2021.

Questions about 1004, Oceana - Atlantic

What did unit 1004 last sell for?

AED 1,621,707 on 31 January 2011, sold by the developer: AED 1,211 per sqft for 1,338 sqft. It is the only registered sale of the unit.

What is the rent for unit 1004?

AED 100,000 a year on the contract renewed on 12 November 2021. The previous contract, from November 2020, was AED 100,000; the unit has been rented since July 2015.

How big is unit 1004?

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 1004 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 1004, Oceana - Atlantic

Starts from the last sale price (AED 1.62M, 31 January 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,621,707
Deposit, UAE resident (20%)
AED 324,341
Deposit, non-resident (40%)
AED 648,683
Monthly over 25 years at 3.7%
AED 6,635

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