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2-bed · 2,444 sqftOceana - Atlantic, Palm Jumeirah · -1th floor · completed 2010

PR03, Oceana - Atlantic

Sold prices and rental history: sold twice, last in April 2019, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit PR03 · DLD and Ejari recordsUpdated 29 April 2019
Last soldAED 2.7M29 April 2019
Current rentAED 165K /yr7 October 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for PR03, Oceana - Atlantic

What is PR03 worth today?

Last sold for AED 2,700,000 in 2019

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29 Apr 2019SoldReady
AED 2,700,000AED 1,104 per sqft
7 Oct 2018RentedNew contract
AED 165,000/yr12 months · AED 68 per sqft
16 Sep 2017RentedRenewal
AED 220,500/yr12 months · AED 90 per sqft
16 Sep 2016RentedNew contract
AED 210,000/yr12 months · AED 86 per sqft
15 Sep 2013RentedNew contract
AED 220,000/yr12 months · AED 90 per sqft
23 Oct 2012Sold by developerReady
AED 2,688,400AED 1,100 per sqft

Source: Dubai Land Department. Updated 29 April 2019.

Key facts

Type
2-bed apartment
Size
2,444 sqft
Floor
-1th of 14
Parking
B1-1A2-4,1A2-5
Developer
Seven Tides
Completed
2010
Service charge
AED 56,500 /yr
Last sold
AED 2.7M · April 2019
Building
Oceana - Atlantic

About PR03, Oceana - Atlantic

PR03 is a two-bedroom apartment of 2,444 sqft on the -1th floor of Oceana - Atlantic, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 29 April 2019 for AED 2,700,000, or AED 1,104 per sqft.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, signed on 7 October 2018, is AED 165,000 a year: a gross yield of 6.1% on the 2019 price, before the service charge of about AED 56,500 a year.

Sales and rents for PR03 over time

Sales
Unit PR03, 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 2012: AED 2,688,400 (AED 1,100 per sqft)Sold, April 2019: AED 2,700,000 (AED 1,104 per sqft)

PR03 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit PR03, 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, September 2013: AED 220,000 a yearNew contract, September 2016: AED 210,000 a yearRenewal, September 2017: AED 220,500 a yearNew contract, October 2018: AED 165,000 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 PR03 sits

All 30 2-beds →

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. PR03's AED 165,000 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 -1th floor

All 92 units in Oceana - Atlantic
Value
PR011-bedAED 3.55M · Sep 2015
PR022-bedAED 8M · Nov 2025
PR041-bedAED 3M · Feb 2024

PR03, Oceana - Atlantic in numbers

  • Sold twice: first on 23 October 2012 for AED 2,688,400, last on 29 April 2019 for AED 2,700,000 (AED 1,104 per sqft).
  • Rented since September 2013 on 4 Ejari contracts, from AED 220,000 to AED 165,000 a year.
  • At AED 165,000 a year the gross yield on the 2019 price is 6.1%, before a service charge of about AED 56,500 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 29 April 2019.

Questions about PR03, Oceana - Atlantic

What did unit PR03 last sell for?

AED 2,700,000 on 29 April 2019: AED 1,104 per sqft for 2,444 sqft. The unit has 2 registered sales; the first was AED 2,688,400 in October 2012.

What is the rent for unit PR03?

AED 165,000 a year on the contract signed on 7 October 2018. The previous contract, from September 2017, was AED 220,500; the unit has been rented since September 2013.

How big is unit PR03?

2,444 sqft (227.1 sqm): a two-bedroom apartment on the -1th floor of a 14-storey tower completed in 2010.

What is unit PR03 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 PR03, Oceana - Atlantic

Starts from the last sale price (AED 2.7M, 29 April 2019). Switch to today's estimate once you have unlocked it.
Price
AED 2,700,000
Deposit, UAE resident (20%)
AED 540,000
Deposit, non-resident (40%)
AED 1,080,000
Monthly over 25 years at 3.7%
AED 11,047

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