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2-bed · 1,709 sqftOceana - Baltic, Palm Jumeirah · 8th floor · completed 2010

706, Oceana - Baltic

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

Unit 706 · DLD and Ejari recordsUpdated 15 November 2023
Last soldAED 3.95M15 November 2023
Current rentAED 155K /yr1 December 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 706, Oceana - Baltic

What is 706 worth today?

Last sold for AED 3,950,000 in 2023

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15 Nov 2023SoldReady
AED 3,950,000AED 2,311 per sqft
1 Dec 2018RentedNew contract
AED 155,000/yr12 months · AED 91 per sqft
1 Jul 2013RentedNew contract
AED 200,000/yr12 months · AED 117 per sqft
4 Jan 2011Sold by developerReady
AED 2,524,104AED 1,476 per sqft

Source: Dubai Land Department. Updated 15 November 2023.

Key facts

Type
2-bed apartment
Size
1,709 sqft
Floor
8th of 14
Parking
B1-1288
Developer
Seven Tides
Completed
2010
Service charge
AED 39,500 /yr
Last sold
AED 3.95M · November 2023
Building
Oceana - Baltic

About 706, Oceana - Baltic

706 is a two-bedroom apartment of 1,709 sqft on the 8th floor of Oceana - Baltic, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 15 November 2023 for AED 3,950,000, or AED 2,311 per sqft, in line with the AED 2,301 two-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 1 December 2018, is AED 155,000 a year: a gross yield of 3.9% on the 2023 price, before the service charge of about AED 39,500 a year.

Sales and rents for 706 over time

Sales
Unit 706, 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, January 2011: AED 2,524,104 (AED 1,476 per sqft)Sold, November 2023: AED 3,950,000 (AED 2,311 per sqft)

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

Rents
Unit 706, 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 200,000 a yearNew contract, December 2018: AED 155,000 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 706 sits

All 30 2-beds →

706 last sold in November 2023 at AED 2,311 per sqft, in line with what two-beds in Oceana - Baltic were fetching at the time (AED 2,301). 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. 706's AED 155,000 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 8th floor

All 92 units in Oceana - Baltic
Value
7012-bedAED 3.1M · Mar 2023
7023-bedAED 3.9M · Jul 2021
7031-bedAED 2.85M · Dec 2022
7041-bedAED 3.7M · Feb 2025
7053-bedAED 7.1M · Apr 2025

706, Oceana - Baltic in numbers

  • Sold twice: first on 4 January 2011 for AED 2,524,104, last on 15 November 2023 for AED 3,950,000 (AED 2,311 per sqft).
  • Rented since July 2013 on 2 Ejari contracts, from AED 200,000 to AED 155,000 a year.
  • At AED 155,000 a year the gross yield on the 2023 price is 3.9%, 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 15 November 2023.

Questions about 706, Oceana - Baltic

What did unit 706 last sell for?

AED 3,950,000 on 15 November 2023: AED 2,311 per sqft for 1,709 sqft. The unit has 2 registered sales; the first was AED 2,524,104 in January 2011.

What is the rent for unit 706?

AED 155,000 a year on the contract signed on 1 December 2018. The previous contract, from July 2013, was AED 200,000.

How big is unit 706?

1,709 sqft (158.8 sqm): a two-bedroom apartment on the 8th floor of a 14-storey tower completed in 2010.

What is unit 706 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 706, Oceana - Baltic

Starts from the last sale price (AED 3.95M, 15 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,950,000
Deposit, UAE resident (20%)
AED 790,000
Deposit, non-resident (40%)
AED 1,580,000
Monthly over 25 years at 3.7%
AED 16,161

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