2-bed · 1,709 sqftOceana - Atlantic, Palm Jumeirah · 7th floor · completed 2010

601, Oceana - Atlantic

Sold prices and rental history: sold twice, last in June 2022, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 601 · DLD and Ejari recordsUpdated 3 June 2022
Last soldAED 3.65M3 June 2022
Current rentAED 135K /yr7 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 601, Oceana - Atlantic

What is 601 worth today?

Last sold for AED 3,650,000 in 2022

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3 Jun 2022SoldReady
AED 3,650,000AED 2,135 per sqft
7 Nov 2021RentedRenewal
AED 135,000/yr12 months · AED 79 per sqft
7 Nov 2020RentedNew contract
AED 135,000/yr12 months · AED 79 per sqft
1 Nov 2019RentedNew contract
AED 175,000/yr12 months · AED 102 per sqft
1 Nov 2018RentedRenewal
AED 185,000/yr12 months · AED 108 per sqft
1 Nov 2017RentedRenewal
AED 195,000/yr12 months · AED 114 per sqft
1 Nov 2016RentedNew contract
AED 195,000/yr12 months · AED 114 per sqft
1 Jul 2015RentedNew contract
AED 250,000/yr12 months · AED 146 per sqft

Source: Dubai Land Department. Updated 3 June 2022.

Key facts

Type
2-bed apartment
Size
1,709 sqft
Floor
7th of 14
Parking
B1-1111
Developer
Seven Tides
Completed
2010
Service charge
AED 39,500 /yr
Last sold
AED 3.65M · June 2022

About 601, Oceana - Atlantic

601 is a two-bedroom apartment of 1,709 sqft on the 7th floor of Oceana - Atlantic, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 3 June 2022 for AED 3,650,000, or AED 2,135 per sqft, in line with the AED 2,121 two-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 7 November 2021, is AED 135,000 a year: a gross yield of 3.7% on the 2022 price, before the service charge of about AED 39,500 a year.

Sales and rents for 601 over time

Sales
Unit 601, each saleTypical two-bed in Oceana - Atlantic
2M4M2010201420182022Typical sale price by year: 2010 AED 2,134,739; 2011 AED 2,224,940; 2012 AED 2,600,000; 2013 AED 3,500,000; 2014 AED 3,790,000; 2022 AED 3,650,000; 2023 AED 4,625,000; 2024 AED 4,990,000Sold by developer, October 2010: AED 2,164,806 (AED 1,266 per sqft)Sold, June 2022: AED 3,650,000 (AED 2,135 per sqft)

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

Rents
Unit 601, each contractTypical two-bed in Oceana - Atlantic
200K2013201720212025Typical rent by year: 2013 AED 208,750; 2014 AED 220,250; 2015 AED 225,000; 2016 AED 205,000; 2017 AED 200,000; 2018 AED 185,000; 2019 AED 170,000; 2020 AED 140,000; 2021 AED 143,750; 2022 AED 167,500; 2023 AED 225,500; 2024 AED 255,000; 2025 AED 270,000; 2026 AED 246,000New contract, July 2015: AED 250,000 a yearNew contract, November 2016: AED 195,000 a yearRenewal, November 2017: AED 195,000 a yearRenewal, November 2018: AED 185,000 a yearNew contract, November 2019: AED 175,000 a yearNew contract, November 2020: AED 135,000 a yearRenewal, November 2021: AED 135,000 a year

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 601 sits

All 30 2-beds →

601 last sold in June 2022 at AED 2,135 per sqft, in line with what two-beds in Oceana - Atlantic were fetching at the time (AED 2,121). 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. 601's AED 135,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
15 Jul 20265,475,000
7 Nov 20258,000,000
4 Nov 20256,550,000
23 Aug 20244,850,000
1 2-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 7th floor

All 92 units in Oceana - Atlantic
Value
6023-bedAED 4.2M · Oct 2013
6031-bedAED 1.54M · Aug 2010
6041-bedAED 2.8M · Nov 2022
6053-bedAED 6.95M · Mar 2025
6062-bedAED 4.6M · Jun 2023

601, Oceana - Atlantic in numbers

  • Sold twice: first on 31 October 2010 for AED 2,164,806, last on 3 June 2022 for AED 3,650,000 (AED 2,135 per sqft).
  • Rented since July 2015 on 7 Ejari contracts, from AED 250,000 to AED 135,000 a year.
  • At AED 135,000 a year the gross yield on the 2022 price is 3.7%, 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 3 June 2022.

Questions about 601, Oceana - Atlantic

What did unit 601 last sell for?

AED 3,650,000 on 3 June 2022: AED 2,135 per sqft for 1,709 sqft. The unit has 2 registered sales; the first was AED 2,164,806 in October 2010.

What is the rent for unit 601?

AED 135,000 a year on the contract renewed on 7 November 2021. The previous contract, from November 2020, was AED 135,000; the unit has been rented since July 2015.

How big is unit 601?

1,709 sqft (158.8 sqm): a two-bedroom apartment on the 7th floor of a 14-storey tower completed in 2010.

What is unit 601 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 601, Oceana - Atlantic

Starts from the last sale price (AED 3.65M, 3 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,650,000
Deposit, UAE resident (20%)
AED 730,000
Deposit, non-resident (40%)
AED 1,460,000
Monthly over 25 years at 3.7%
AED 14,933

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