406, Oceana - Atlantic
Sold prices and rental history: sold 3 times, last in May 2023, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 406, Oceana - Atlantic
What is 406 worth today?
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Source: Dubai Land Department. Updated 12 May 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,709 sqft
- Floor
- 5th of 14
- Parking
- B1-1134
- Developer
- Seven Tides
- Completed
- 2010
- Service charge
- AED 39,500 /yr
- Last sold
- AED 4.6M · May 2023
- Building
- Oceana - Atlantic
About 406, Oceana - Atlantic
406 is a two-bedroom apartment of 1,709 sqft on the 5th floor of Oceana - Atlantic, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 12 May 2023 for AED 4,600,000, or AED 2,691 per sqft, 23% above the AED 2,179 two-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, signed on 19 September 2021, is AED 210,000 a year: a gross yield of 4.6% on the 2023 price, before the service charge of about AED 39,500 a year.
Sales and rents for 406 over time
406 has sold 3 times; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Oceana - Atlantic, and where 406 sits
All 30 2-beds →406 last sold in May 2023 at AED 2,691 per sqft, 23% above what two-beds in Oceana - Atlantic were fetching at the time (AED 2,179). Over the last 12 months two-beds sold for AED 5,475,000, around AED 3,203 per sqft, and rent for AED 181,125 to 350,000 a year. 406's AED 210,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 Jul 202615 July 2026 | 1,709 sqft | 5,475,000 | 3,203 | ||
| 7 Nov 20257 November 2025 | 2,444 sqft | 8,000,000 | 3,273 | ||
| 4 Nov 20254 November 2025 | 1,709 sqft | 6,550,000 | 3,832 | ||
| 23 Aug 202423 August 2024 | 2,444 sqft | 4,850,000 | 1,984 |
Oceana - Atlantic
Building92 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%
Other units on the 5th floor
All 92 units in Oceana - Atlantic| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,709 sqft | AED 5MAED 5,000,000 · May 2023May 2023 | 400,000 /yr | |
| 402 | 3-bed | 2,440 sqft | AED 3.9MAED 3,900,000 · Sep 2013September 2013 | 275,000 /yr | |
| 403 | 1-bed | 1,338 sqft | AED 2.65MAED 2,650,000 · Jun 2013June 2013 | 120,751 /yr | |
| 404 | 1-bed | 1,338 sqft | AED 3.3MAED 3,300,000 · May 2024May 2024 | 125,000 /yr | |
| 405 | 3-bed | 1,140 sqft | AED 1.5MAED 1,500,000 · Feb 2013February 2013 | 298,500 /yr |
406, Oceana - Atlantic in numbers
- Sold 3 times: first on 31 January 2011 for AED 2,064,584, last on 12 May 2023 for AED 4,600,000 (AED 2,691 per sqft).
- Rented since May 2016 on 6 Ejari contracts. The rent fell from AED 200,000 to AED 140,000 in 2020 and recovered to AED 210,000 by September 2021.
- At AED 210,000 a year the gross yield on the 2023 price is 4.6%, before a service charge of about AED 39,500 a year (AED 23.10 per sqft).
- Two-beds in Oceana - Atlantic sold for AED 5,475,000–5,475,000 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 12 May 2023.
Questions about 406, Oceana - Atlantic
What did unit 406 last sell for?
AED 4,600,000 on 12 May 2023: AED 2,691 per sqft for 1,709 sqft. The unit has 3 registered sales; the first was AED 2,064,584 in January 2011.
What is the rent for unit 406?
AED 210,000 a year on the contract signed on 19 September 2021. The previous contract, from September 2020, was AED 140,000; the unit has been rented since May 2016.
How big is unit 406?
1,709 sqft (158.8 sqm): a two-bedroom apartment on the 5th floor of a 14-storey tower completed in 2010.
What is unit 406 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Oceana - Atlantic sold for AED 5,475,000 to 5,475,000 in the last 12 months, around AED 3,203 per sqft.
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Mortgage on 406, Oceana - Atlantic
Starts from the last sale price (AED 4.6M, 12 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 4,600,000
- Deposit, UAE resident (20%)
- AED 920,000
- Deposit, non-resident (40%)
- AED 1,840,000
- Monthly over 25 years at 3.7%
- AED 18,820
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →