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1-bed · 1,338 sqftOceana - Atlantic, Palm Jumeirah · 6th floor · completed 2010

503, Oceana - Atlantic

Sold prices and rental history: sold twice, last in January 2021, and rented once, from May 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503 · DLD and Ejari recordsUpdated 21 January 2021
Last soldAED 1.6M21 January 2021
Current rentAED 125K /yr1 May 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 503, Oceana - Atlantic

What is 503 worth today?

Last sold for AED 1,600,000 in 2021

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21 Jan 2021SoldReady
AED 1,600,000AED 1,195 per sqft
1 May 2019RentedNew contract
AED 125,000/yr12 months · AED 94 per sqft
3 Jan 2011Sold by developerReady
AED 1,515,016AED 1,132 per sqft

Source: Dubai Land Department. Updated 21 January 2021.

Key facts

Type
1-bed apartment
Size
1,338 sqft
Floor
6th of 14
Parking
B1-1130
Developer
Seven Tides
Completed
2010
Service charge
AED 30,900 /yr
Last sold
AED 1.6M · January 2021
Building
Oceana - Atlantic

About 503, Oceana - Atlantic

503 is a one-bedroom apartment of 1,338 sqft on the 6th floor of Oceana - Atlantic, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 21 January 2021 for AED 1,600,000, or AED 1,195 per sqft.

One Ejari contract is registered, from 1 May 2019. The current contract, signed on 1 May 2019, is AED 125,000 a year: a gross yield of 7.8% on the 2021 price, before the service charge of about AED 30,900 a year.

Sales and rents for 503 over time

Sales
Unit 503, 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 1,515,016 (AED 1,132 per sqft)Sold, January 2021: AED 1,600,000 (AED 1,195 per sqft)

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

Rents
Unit 503, 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, May 2019: AED 125,000 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 503 sits

All 34 1-beds →

503's AED 125,000 is in the lower half 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 6th floor

All 92 units in Oceana - Atlantic
Value
5012-bedAED 2.13M · Aug 2010
5023-bedAED 2.75M · Jan 2011
5041-bedAED 3.6M · Jan 2025
5053-bedAED 2.75M · Jan 2011
5062-bedAED 3.7M · Jul 2013

503, Oceana - Atlantic in numbers

  • Sold twice: first on 3 January 2011 for AED 1,515,016, last on 21 January 2021 for AED 1,600,000 (AED 1,195 per sqft).
  • Rented since May 2019 on one Ejari contract, at AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2021 price is 7.8%, before a service charge of about AED 30,900 a year (AED 23.10 per sqft).

Source: Dubai Land Department. Updated 21 January 2021.

Questions about 503, Oceana - Atlantic

What did unit 503 last sell for?

AED 1,600,000 on 21 January 2021: AED 1,195 per sqft for 1,338 sqft. The unit has 2 registered sales; the first was AED 1,515,016 in January 2011.

What is the rent for unit 503?

AED 125,000 a year on the contract signed on 1 May 2019.

How big is unit 503?

1,338 sqft (124.3 sqm): a one-bedroom apartment on the 6th floor of a 14-storey tower completed in 2010.

What is unit 503 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 503, Oceana - Atlantic

Starts from the last sale price (AED 1.6M, 21 January 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

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