3-bed · 2,280 sqftOceana - Baltic, Palm Jumeirah · 5th floor · completed 2010

402, Oceana - Baltic

Sold prices and rental history: sold 3 times, last in October 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402 · DLD and Ejari recordsUpdated 5 October 2023
Last soldAED 5.3M5 October 2023
Current rentAED 210K /yr1 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 402, Oceana - Baltic

What is 402 worth today?

Last sold for AED 5,300,000 in 2023

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5 Oct 2023SoldReady
AED 5,300,000AED 2,324 per sqft
1 Sep 2022RentedRenewal
AED 210,000/yr12 months · AED 92 per sqft
1 Sep 2021RentedRenewal
AED 160,000/yr12 months · AED 70 per sqft
1 Sep 2020RentedNew contract
AED 155,000/yr12 months · AED 68 per sqft
1 Aug 2019RentedRenewal
AED 230,422/yr12 months · AED 101 per sqft
1 Aug 2018RentedRenewal
AED 230,422/yr12 months · AED 101 per sqft
1 Aug 2017RentedNew contract
AED 230,422/yr12 months · AED 101 per sqft
1 Aug 2016RentedNew contract
AED 230,422/yr12 months · AED 101 per sqft

Source: Dubai Land Department. Updated 5 October 2023.

Key facts

Type
3-bed apartment
Size
2,280 sqft
Floor
5th of 14
Parking
B1-1208,1209
Developer
Seven Tides
Completed
2010
Service charge
AED 52,700 /yr
Last sold
AED 5.3M · October 2023

About 402, Oceana - Baltic

402 is a three-bedroom apartment of 2,280 sqft on the 5th floor of Oceana - Baltic, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 5 October 2023 for AED 5,300,000, or AED 2,324 per sqft, 30% above the AED 1,783 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 1 September 2022, is AED 210,000 a year: a gross yield of 4.0% on the 2023 price, before the service charge of about AED 52,700 a year.

Sales and rents for 402 over time

Sales
Unit 402, each saleTypical three-bed in Oceana - Baltic
2.5M5M7.5M2011201520192023Typical sale price by year: 2011 AED 3,000,000; 2012 AED 3,000,000; 2013 AED 3,950,000; 2015 AED 4,416,000; 2022 AED 3,567,500; 2023 AED 4,630,000; 2024 AED 5,480,000; 2025 AED 6,650,000Sold by developer, January 2012: AED 2,750,000 (AED 1,206 per sqft)Sold, April 2012: AED 1,625,000 (AED 712 per sqft)Sold, October 2023: AED 5,300,000 (AED 2,324 per sqft)

402 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 402, each contractTypical three-bed in Oceana - Baltic
200K300K2012201620202024Typical rent by year: 2012 AED 170,000; 2013 AED 230,375; 2014 AED 227,500; 2015 AED 250,000; 2016 AED 250,000; 2017 AED 215,000; 2018 AED 200,000; 2019 AED 189,000; 2020 AED 170,000; 2021 AED 185,000; 2022 AED 200,000; 2023 AED 214,308; 2024 AED 310,000; 2025 AED 350,000; 2026 AED 350,000New contract, August 2013: AED 190,000 a yearNew contract, August 2014: AED 209,000 a yearRenewal, August 2015: AED 219,450 a yearNew contract, August 2016: AED 230,422 a yearNew contract, August 2017: AED 230,422 a yearRenewal, August 2018: AED 230,422 a yearRenewal, August 2019: AED 230,422 a yearNew contract, September 2020: AED 155,000 a yearRenewal, September 2021: AED 160,000 a yearRenewal, September 2022: AED 210,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Oceana - Baltic, and where 402 sits

All 26 3-beds →

402 last sold in October 2023 at AED 2,324 per sqft, 30% above what three-beds in Oceana - Baltic were fetching at the time (AED 1,783). 402's AED 210,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
17 Oct 20257,750,000
14 Apr 20257,100,000
17 Feb 20256,000,000
17 Feb 20256,200,000
0 3-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 5th floor

All 92 units in Oceana - Baltic
Value
4012-bedAED 2.37M · Mar 2011
4031-bedAED 2.85M · Dec 2014
4041-bedAED 1.69M · Dec 2010
4053-bedAED 5.3M · Jun 2024
4062-bedAED 4.5M · Feb 2024

402, Oceana - Baltic in numbers

  • Sold 3 times: first on 4 January 2012 for AED 2,750,000, last on 5 October 2023 for AED 5,300,000 (AED 2,324 per sqft).
  • Rented since August 2013 on 10 Ejari contracts. The rent fell from AED 190,000 to AED 155,000 in 2020 and recovered to AED 210,000 by September 2022.
  • At AED 210,000 a year the gross yield on the 2023 price is 4.0%, before a service charge of about AED 52,700 a year (AED 23.10 per sqft).

Source: Dubai Land Department. Updated 5 October 2023.

Questions about 402, Oceana - Baltic

What did unit 402 last sell for?

AED 5,300,000 on 5 October 2023: AED 2,324 per sqft for 2,280 sqft. The unit has 3 registered sales; the first was AED 2,750,000 in January 2012.

What is the rent for unit 402?

AED 210,000 a year on the contract renewed on 1 September 2022. The previous contract, from September 2021, was AED 160,000; the unit has been rented since August 2013.

How big is unit 402?

2,280 sqft (211.8 sqm): a three-bedroom apartment on the 5th floor of a 14-storey tower completed in 2010.

What is unit 402 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 402, Oceana - Baltic

Starts from the last sale price (AED 5.3M, 5 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 5,300,000
Deposit, UAE resident (20%)
AED 1,060,000
Deposit, non-resident (40%)
AED 2,120,000
Monthly over 25 years at 3.7%
AED 21,684

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