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2-bed · 2,444 sqftOceana - Baltic, Palm Jumeirah · -1th floor · completed 2010

PR03, Oceana - Baltic

Sold prices and rental history: sold twice, last in December 2018, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit PR03 · DLD and Ejari recordsUpdated 13 September 2024
Last soldAED 1.2M16 December 2018
Current rentAED 325K /yr13 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for PR03, Oceana - Baltic

What is PR03 worth today?

Last sold for AED 1,200,000 in 2018

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13 Sep 2024RentedNew contract
AED 325,000/yr12 months · AED 133 per sqft
16 Dec 2018SoldReady
AED 1,200,000AED 491 per sqft
27 Sep 2018RentedRenewal
AED 150,000/yr24 months · AED 61 per sqft
27 Sep 2016RentedNew contract
AED 195,000/yr24 months · AED 80 per sqft
31 Jan 2013Sold by developerReady
AED 2,444,000AED 1,000 per sqft

Source: Dubai Land Department. Updated 13 September 2024.

Key facts

Type
2-bed apartment
Size
2,444 sqft
Floor
-1th of 14
Parking
B1-1B3-6,1B3-7
Developer
Seven Tides
Completed
2010
Service charge
AED 56,500 /yr
Last sold
AED 1.2M · December 2018
Building
Oceana - Baltic

About PR03, Oceana - Baltic

PR03 is a two-bedroom apartment of 2,444 sqft on the -1th floor of Oceana - Baltic, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 16 December 2018 for AED 1,200,000, or AED 491 per sqft.

It has been rented since 2016 on 3 Ejari contracts. The current contract, signed on 13 September 2024, is AED 325,000 a year: a gross yield of 27.1% on the 2018 price, before the service charge of about AED 56,500 a year.

Sales and rents for PR03 over time

Sales
Unit PR03, 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 2013: AED 2,444,000 (AED 1,000 per sqft)Sold, December 2018: AED 1,200,000 (AED 491 per sqft)

PR03 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit PR03, each contractTypical two-bed in Oceana - Baltic
100K200K300K2012201620202024Typical 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, September 2016: AED 195,000 a yearRenewal, September 2018: AED 150,000 a yearNew contract, September 2024: AED 325,000 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 PR03 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. PR03's AED 325,000 is in the upper half 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 -1th floor

All 92 units in Oceana - Baltic
Value
PR011-bedAED 2.4M · Jan 2016
PR022-bedAED 1.6M · Aug 2020
PR041-bedAED 2.25M · Aug 2022

PR03, Oceana - Baltic in numbers

  • Sold twice: first on 31 January 2013 for AED 2,444,000, last on 16 December 2018 for AED 1,200,000 (AED 491 per sqft).
  • Rented since September 2016 on 3 Ejari contracts. The rent fell from AED 195,000 to AED 150,000 in 2018 and recovered to AED 325,000 by September 2024.
  • At AED 325,000 a year the gross yield on the 2018 price is 27.1%, before a service charge of about AED 56,500 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 13 September 2024.

Questions about PR03, Oceana - Baltic

What did unit PR03 last sell for?

AED 1,200,000 on 16 December 2018: AED 491 per sqft for 2,444 sqft. The unit has 2 registered sales; the first was AED 2,444,000 in January 2013.

What is the rent for unit PR03?

AED 325,000 a year on the contract signed on 13 September 2024. The previous contract, from September 2018, was AED 150,000; the unit has been rented since September 2016.

How big is unit PR03?

2,444 sqft (227.1 sqm): a two-bedroom apartment on the -1th floor of a 14-storey tower completed in 2010.

What is unit PR03 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 PR03, Oceana - Baltic

Starts from the last sale price (AED 1.2M, 16 December 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

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