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2-bed · 1,709 sqftOceana - Baltic, Palm Jumeirah · 7th floor · completed 2010

601, Oceana - Baltic

Sold prices and rental history: sold twice, last in April 2017, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 601 · DLD and Ejari recordsUpdated 30 April 2017
Last soldAED 3.05M30 April 2017
Current rentAED 174K /yr7 November 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 601, Oceana - Baltic

What is 601 worth today?

Last sold for AED 3,050,000 in 2017

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30 Apr 2017SoldReady
AED 3,050,000AED 1,784 per sqft
7 Nov 2014RentedRenewal
AED 174,000/yr12 months · AED 102 per sqft
7 Nov 2013RentedNew contract
AED 160,000/yr12 months · AED 93 per sqft
7 Nov 2012RentedNew contract
AED 160,000/yr12 months · AED 93 per sqft
19 Aug 2010Sold by developerReady
AED 2,489,527AED 1,456 per sqft

Source: Dubai Land Department. Updated 30 April 2017.

Key facts

Type
2-bed apartment
Size
1,709 sqft
Floor
7th of 14
Parking
B1-1280
Developer
Seven Tides
Completed
2010
Service charge
AED 39,500 /yr
Last sold
AED 3.05M · April 2017
Building
Oceana - Baltic

About 601, Oceana - Baltic

601 is a two-bedroom apartment of 1,709 sqft on the 7th floor of Oceana - Baltic, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 30 April 2017 for AED 3,050,000, or AED 1,784 per sqft.

It has been rented since 2012 on 3 Ejari contracts. The current contract, renewed on 7 November 2014, is AED 174,000 a year: a gross yield of 5.7% on the 2017 price, before the service charge of about AED 39,500 a year.

Sales and rents for 601 over time

Sales
Unit 601, 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 2,489,527 (AED 1,456 per sqft)Sold, April 2017: AED 3,050,000 (AED 1,784 per sqft)

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

Rents
Unit 601, 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, November 2012: AED 160,000 a yearNew contract, November 2013: AED 160,000 a yearRenewal, November 2014: AED 174,000 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 601 sits

All 30 2-beds →

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. 601's AED 174,000 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 7th floor

All 92 units in Oceana - Baltic
Value
6023-bedAED 5.3M · Mar 2014
6031-bedAED 4.9M · Dec 2025
6041-bedAED 1.75M · Jan 2011
6053-bedAED 3.5M · Jun 2023
6062-bedAED 2.65M · Mar 2012

601, Oceana - Baltic in numbers

  • Sold twice: first on 19 August 2010 for AED 2,489,527, last on 30 April 2017 for AED 3,050,000 (AED 1,784 per sqft).
  • Rented since November 2012 on 3 Ejari contracts, from AED 160,000 to AED 174,000 a year.
  • At AED 174,000 a year the gross yield on the 2017 price is 5.7%, 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 30 April 2017.

Questions about 601, Oceana - Baltic

What did unit 601 last sell for?

AED 3,050,000 on 30 April 2017: AED 1,784 per sqft for 1,709 sqft. The unit has 2 registered sales; the first was AED 2,489,527 in August 2010.

What is the rent for unit 601?

AED 174,000 a year on the contract renewed on 7 November 2014. The previous contract, from November 2013, was AED 160,000; the unit has been rented since November 2012.

How big is unit 601?

1,709 sqft (158.8 sqm): a two-bedroom apartment on the 7th floor of a 14-storey tower completed in 2010.

What is unit 601 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 601, Oceana - Baltic

Starts from the last sale price (AED 3.05M, 30 April 2017). Switch to today's estimate once you have unlocked it.
Price
AED 3,050,000
Deposit, UAE resident (20%)
AED 610,000
Deposit, non-resident (40%)
AED 1,220,000
Monthly over 25 years at 3.7%
AED 12,478

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