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

405, Oceana - Baltic

Sold prices and rental history: sold 3 times, last in June 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 405 · DLD and Ejari recordsUpdated 26 June 2024
Last soldAED 5.3M26 June 2024
Current rentAED 290K /yr25 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 405, Oceana - Baltic

What is 405 worth today?

Last sold for AED 5,300,000 in 2024

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26 Jun 2024SoldReady
AED 5,300,000AED 2,324 per sqft
25 Sep 2022RentedNew contract
AED 290,000/yr12 months · AED 127 per sqft
29 Jul 2021RentedRenewal
AED 170,000/yr12 months · AED 74 per sqft
29 Jul 2020RentedRenewal
AED 170,000/yr12 months · AED 74 per sqft
30 Jan 2020RentedRenewal
AED 200,000/yr6 months · AED 88 per sqft
31 Jul 2019RentedRenewal
AED 200,000/yr6 months · AED 88 per sqft
30 Jan 2019RentedRenewal
AED 196,825/yr6 months · AED 86 per sqft
30 Jul 2018RentedRenewal
AED 200,000/yr6 months · AED 88 per sqft

Source: Dubai Land Department. Updated 26 June 2024.

Key facts

Type
3-bed apartment
Size
2,280 sqft
Floor
5th of 14
Parking
B2-2299,2300
Developer
Seven Tides
Completed
2010
Service charge
AED 52,700 /yr
Last sold
AED 5.3M · June 2024

About 405, Oceana - Baltic

405 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 26 June 2024 for AED 5,300,000, or AED 2,324 per sqft, in line with the AED 2,364 three-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 8 Ejari contracts. The current contract, signed on 25 September 2022, is AED 290,000 a year: a gross yield of 5.5% on the 2024 price, before the service charge of about AED 52,700 a year.

Sales and rents for 405 over time

Sales
Unit 405, each saleTypical three-bed in Oceana - Baltic
4M6M2011201520192023Typical 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, April 2011: AED 3,062,169 (AED 1,343 per sqft)Sold, December 2012: AED 3,450,000 (AED 1,513 per sqft)Sold, June 2024: AED 5,300,000 (AED 2,324 per sqft)

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

Rents
Unit 405, 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, July 2017: AED 200,000 a yearRenewal, July 2018: AED 200,000 a yearRenewal, January 2019: AED 196,825 a yearRenewal, July 2019: AED 200,000 a yearRenewal, January 2020: AED 200,000 a yearRenewal, July 2020: AED 170,000 a yearRenewal, July 2021: AED 170,000 a yearNew contract, September 2022: AED 290,000 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 405 sits

All 26 3-beds →

405 last sold in June 2024 at AED 2,324 per sqft, in line with what three-beds in Oceana - Baltic were fetching at the time (AED 2,364). 405's AED 290,000 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
4023-bedAED 5.3M · Oct 2023
4031-bedAED 2.85M · Dec 2014
4041-bedAED 1.69M · Dec 2010
4062-bedAED 4.5M · Feb 2024

405, Oceana - Baltic in numbers

  • Sold 3 times: first on 13 April 2011 for AED 3,062,169, last on 26 June 2024 for AED 5,300,000 (AED 2,324 per sqft).
  • Rented since July 2017 on 8 Ejari contracts. The rent fell from AED 200,000 to AED 170,000 in 2021 and recovered to AED 290,000 by September 2022.
  • At AED 290,000 a year the gross yield on the 2024 price is 5.5%, before a service charge of about AED 52,700 a year (AED 23.10 per sqft).

Source: Dubai Land Department. Updated 26 June 2024.

Questions about 405, Oceana - Baltic

What did unit 405 last sell for?

AED 5,300,000 on 26 June 2024: AED 2,324 per sqft for 2,280 sqft. The unit has 3 registered sales; the first was AED 3,062,169 in April 2011.

What is the rent for unit 405?

AED 290,000 a year on the contract signed on 25 September 2022. The previous contract, from July 2021, was AED 170,000; the unit has been rented since July 2017.

How big is unit 405?

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 405 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 405, Oceana - Baltic

Starts from the last sale price (AED 5.3M, 26 June 2024). 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 →