2-bed · 1,709 sqftOceana - Baltic, Palm Jumeirah · 12th floor · completed 2010

1106, Oceana - Baltic

Sold prices and rental history: sold 4 times, last in June 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1106 · DLD and Ejari recordsUpdated 14 June 2023
Last soldAED 4.4M14 June 2023
Current rentAED 139K /yr1 December 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1106, Oceana - Baltic

What is 1106 worth today?

Last sold for AED 4,400,000 in 2023

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14 Jun 2023SoldReady
AED 4,400,000AED 2,574 per sqft
1 Dec 2019RentedNew contract
AED 139,000/yr12 months · AED 81 per sqft
30 Aug 2017RentedNew contract
AED 175,000/yr12 months · AED 102 per sqft
1 Nov 2015RentedRenewal
AED 215,000/yr12 months · AED 126 per sqft
1 Nov 2014RentedNew contract
AED 215,000/yr12 months · AED 126 per sqft
5 Aug 2014SoldReady
AED 4,250,000AED 2,486 per sqft
11 Jul 2013RentedNew contract
AED 225,000/yr12 months · AED 131 per sqft
12 May 2013SoldReady
AED 3,150,000AED 1,842 per sqft

Source: Dubai Land Department. Updated 14 June 2023.

Key facts

Type
2-bed apartment
Size
1,709 sqft
Floor
12th of 14
Parking
B2-2356
Developer
Seven Tides
Completed
2010
Service charge
AED 39,500 /yr
Last sold
AED 4.4M · June 2023

About 1106, Oceana - Baltic

1106 is a two-bedroom apartment of 1,709 sqft on the 12th floor of Oceana - Baltic, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 14 June 2023 for AED 4,400,000, or AED 2,574 per sqft, 22% above the AED 2,110 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 1 December 2019, is AED 139,000 a year: a gross yield of 3.2% on the 2023 price, before the service charge of about AED 39,500 a year.

Sales and rents for 1106 over time

Sales
Unit 1106, each saleTypical two-bed in Oceana - Baltic
2M4M2010201420182022Typical sale price by year: 2010 AED 2,524,104; 2011 AED 2,400,000; 2012 AED 2,450,000; 2013 AED 3,075,000; 2014 AED 4,100,000; 2020 AED 2,000,000; 2021 AED 2,100,000; 2022 AED 3,350,000; 2023 AED 3,932,500; 2024 AED 4,500,000Sold by developer, August 2010: AED 2,662,411 (AED 1,557 per sqft)Sold, May 2013: AED 3,150,000 (AED 1,842 per sqft)Sold, August 2014: AED 4,250,000 (AED 2,486 per sqft)Sold, June 2023: AED 4,400,000 (AED 2,574 per sqft)

1106 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1106, each contractTypical two-bed in Oceana - Baltic
100K200K2012201620202024Typical rent by year: 2012 AED 151,925; 2013 AED 200,000; 2014 AED 205,000; 2015 AED 200,000; 2016 AED 190,000; 2017 AED 175,000; 2018 AED 157,500; 2019 AED 135,000; 2020 AED 120,000; 2021 AED 130,625; 2022 AED 150,000; 2023 AED 240,000; 2024 AED 248,500; 2025 AED 248,500; 2026 AED 245,000New contract, July 2013: AED 225,000 a yearNew contract, November 2014: AED 215,000 a yearRenewal, November 2015: AED 215,000 a yearNew contract, August 2017: AED 175,000 a yearNew contract, December 2019: AED 139,000 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 - Baltic, and where 1106 sits

All 30 2-beds →

1106 last sold in June 2023 at AED 2,574 per sqft, 22% above what two-beds in Oceana - Baltic were fetching at the time (AED 2,110). Over the last 12 months two-beds sold for AED 6,000,000 to 6,900,000, around AED 3,773 per sqft, and rent for AED 202,890 to 435,000 a year. 1106's AED 139,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
13 Feb 20266,900,000
4 Feb 20266,000,000
25 Nov 20244,500,000
30 Oct 20245,380,000
2 2-bed sales in the last 12 months

Oceana - Baltic

Building

92 apartments, 1-bed to 4-bed over 14 floors in Palm Jumeirah, completed in 2010 by Seven Tides. 4 sold in the last 12 months.

Typical price per sqft
AED 3,586
Typical sale
AED 5.45M
Typical rent
AED 251K /yr
Typical yield
4.2%
Oceana - Baltic, Palm Jumeirah: prices, sales and rents →

Other units on the 12th floor

All 92 units in Oceana - Baltic
Value
11012-bedAED 5.38M · Oct 2024
11023-bedAED 7.1M · Nov 2023
11031-bedAED 1.89M · Aug 2010
11041-bedAED 1.89M · Aug 2010
11053-bedAED 6.08M · Apr 2024

1106, Oceana - Baltic in numbers

  • Sold 4 times: first on 9 August 2010 for AED 2,662,411, last on 14 June 2023 for AED 4,400,000 (AED 2,574 per sqft).
  • Rented since July 2013 on 5 Ejari contracts, from AED 225,000 to AED 139,000 a year.
  • At AED 139,000 a year the gross yield on the 2023 price is 3.2%, before a service charge of about AED 39,500 a year (AED 23.10 per sqft).
  • Two-beds in Oceana - Baltic sold for AED 6,000,000–6,900,000 in the 12 months to November 2026; the building's median across all types is AED 3,586 per sqft.

Source: Dubai Land Department. Updated 14 June 2023.

Questions about 1106, Oceana - Baltic

What did unit 1106 last sell for?

AED 4,400,000 on 14 June 2023: AED 2,574 per sqft for 1,709 sqft. The unit has 4 registered sales; the first was AED 2,662,411 in August 2010.

What is the rent for unit 1106?

AED 139,000 a year on the contract signed on 1 December 2019. The previous contract, from August 2017, was AED 175,000; the unit has been rented since July 2013.

How big is unit 1106?

1,709 sqft (158.8 sqm): a two-bedroom apartment on the 12th floor of a 14-storey tower completed in 2010.

What is unit 1106 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Oceana - Baltic sold for AED 6,000,000 to 6,900,000 in the last 12 months, around AED 3,773 per sqft.

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Mortgage on 1106, Oceana - Baltic

Starts from the last sale price (AED 4.4M, 14 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 4,400,000
Deposit, UAE resident (20%)
AED 880,000
Deposit, non-resident (40%)
AED 1,760,000
Monthly over 25 years at 3.7%
AED 18,002

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