1-bed · 1,338 sqftOceana - Baltic, Palm Jumeirah · 5th floor · completed 2010

404, Oceana - Baltic

Sold prices and rental history: sold once, by the developer in December 2010, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 404 · DLD and Ejari recordsUpdated 11 January 2024
Last soldAED 1.69M14 December 2010
Current rentAED 174K /yr11 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 404, Oceana - Baltic

What is 404 worth today?

Last sold for AED 1,685,010 in 2010

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11 Jan 2024RentedRenewal
AED 174,000/yr12 months · AED 130 per sqft
11 Jan 2023RentedRenewal
AED 145,000/yr12 months · AED 109 per sqft
11 Jan 2022RentedRenewal
AED 122,500/yr12 months · AED 92 per sqft
11 Jan 2021RentedRenewal
AED 122,500/yr12 months · AED 92 per sqft
17 Sep 2019RentedRenewal
AED 135,000/yr12 months · AED 101 per sqft
17 Sep 2018RentedNew contract
AED 145,000/yr12 months · AED 109 per sqft
31 Jul 2016RentedNew contract
AED 160,000/yr12 months · AED 120 per sqft
25 Jul 2013RentedNew contract
AED 155,000/yr12 months · AED 116 per sqft

Source: Dubai Land Department. Updated 11 January 2024.

Key facts

Type
1-bed apartment
Size
1,338 sqft
Floor
5th of 14
Parking
B1-1218
Developer
Seven Tides
Completed
2010
Service charge
AED 30,900 /yr
Last sold
AED 1.69M · December 2010

About 404, Oceana - Baltic

404 is a one-bedroom apartment of 1,338 sqft on the 5th floor of Oceana - Baltic, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. The developer sold it on 14 December 2010 for AED 1,685,010, or AED 1,259 per sqft, in line with the AED 1,259 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 11 January 2024, is AED 174,000 a year: a gross yield of 10.3% on the 2010 price, before the service charge of about AED 30,900 a year.

Sales and rents for 404 over time

Sales
Unit 404, each saleTypical one-bed in Oceana - Baltic
2M4M20102014201820222026Typical sale price by year: 2010 AED 1,685,010; 2011 AED 1,746,134; 2012 AED 1,772,570; 2013 AED 2,150,000; 2014 AED 2,975,000; 2022 AED 2,362,500; 2023 AED 2,950,000; 2025 AED 4,625,000Sold by developer, December 2010: AED 1,685,010 (AED 1,259 per sqft)

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

Rents
Unit 404, each contractTypical one-bed in Oceana - Baltic
100K150K2012201620202024Typical rent by year: 2012 AED 132,300; 2013 AED 140,000; 2014 AED 155,000; 2015 AED 155,000; 2016 AED 150,000; 2017 AED 145,000; 2018 AED 139,500; 2019 AED 120,695; 2020 AED 105,000; 2021 AED 105,143; 2022 AED 115,000; 2023 AED 135,000; 2024 AED 165,000; 2025 AED 167,500; 2026 AED 165,000New contract, July 2013: AED 155,000 a yearNew contract, July 2016: AED 160,000 a yearNew contract, September 2018: AED 145,000 a yearRenewal, September 2019: AED 135,000 a yearRenewal, January 2021: AED 122,500 a yearRenewal, January 2022: AED 122,500 a yearRenewal, January 2023: AED 145,000 a yearRenewal, January 2024: AED 174,000 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 - Baltic, and where 404 sits

All 34 1-beds →

404 last sold in December 2010 at AED 1,259 per sqft, in line with what one-beds in Oceana - Baltic were fetching at the time (AED 1,259). Over the last 12 months one-beds sold for AED 4,000,000 to 4,900,000, around AED 3,325 per sqft, and rent for AED 127,988 to 295,000 a year. 404's AED 174,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
4 Feb 20264,000,000
16 Dec 20254,900,000
16 May 20254,750,000
27 Mar 20254,500,000
2 1-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
4023-bedAED 5.3M · Oct 2023
4031-bedAED 2.85M · Dec 2014
4053-bedAED 5.3M · Jun 2024
4062-bedAED 4.5M · Feb 2024

404, Oceana - Baltic in numbers

  • Sold once: by Seven Tides on 14 December 2010 for AED 1,685,010, or AED 1,259 per sqft.
  • Rented since July 2013 on 8 Ejari contracts. The rent fell from AED 155,000 to AED 122,500 in 2022 and recovered to AED 174,000 by January 2024.
  • At AED 174,000 a year the gross yield on the 2010 price is 10.3%, before a service charge of about AED 30,900 a year (AED 23.10 per sqft).
  • One-beds in Oceana - Baltic sold for AED 4,000,000–4,900,000 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 11 January 2024.

Questions about 404, Oceana - Baltic

What did unit 404 last sell for?

AED 1,685,010 on 14 December 2010, sold by the developer: AED 1,259 per sqft for 1,338 sqft. It is the only registered sale of the unit.

What is the rent for unit 404?

AED 174,000 a year on the contract renewed on 11 January 2024. The previous contract, from January 2023, was AED 145,000; the unit has been rented since July 2013.

How big is unit 404?

1,338 sqft (124.3 sqm): a one-bedroom apartment on the 5th floor of a 14-storey tower completed in 2010.

What is unit 404 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Oceana - Baltic sold for AED 4,000,000 to 4,900,000 in the last 12 months, around AED 3,325 per sqft.

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Mortgage on 404, Oceana - Baltic

Starts from the last sale price (AED 1.69M, 14 December 2010). Switch to today's estimate once you have unlocked it.
Price
AED 1,685,010
Deposit, UAE resident (20%)
AED 337,002
Deposit, non-resident (40%)
AED 674,004
Monthly over 25 years at 3.7%
AED 6,894

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