1-bed · 1,338 sqftOceana - Caribbean, Palm Jumeirah · 13th floor · completed 2010

1204, Oceana - Caribbean

Sold prices and rental history: sold 3 times, last in March 2023, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1204 · DLD and Ejari recordsUpdated 30 March 2023
Last soldAED 2.95M30 March 2023
Current rentAED 110K /yr5 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1204, Oceana - Caribbean

What is 1204 worth today?

Last sold for AED 2,950,000 in 2023

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30 Mar 2023SoldReady
AED 2,950,000AED 2,204 per sqft
5 May 2022RentedRenewal
AED 110,000/yr12 months · AED 82 per sqft
5 May 2021RentedRenewal
AED 110,000/yr12 months · AED 82 per sqft
5 May 2020RentedNew contract
AED 110,000/yr12 months · AED 82 per sqft
29 Apr 2019RentedRenewal
AED 150,000/yr12 months · AED 112 per sqft
29 Apr 2018RentedNew contract
AED 150,000/yr12 months · AED 112 per sqft
28 Jul 2017RentedRenewal
AED 180,000/yr12 months · AED 135 per sqft
28 Jul 2016RentedNew contract
AED 180,000/yr12 months · AED 135 per sqft

Source: Dubai Land Department. Updated 30 March 2023.

Key facts

Type
1-bed apartment
Size
1,338 sqft
Floor
13th of 14
Parking
B1-1185
Developer
Seven Tides
Completed
2010
Service charge
AED 30,900 /yr
Last sold
AED 2.95M · March 2023

About 1204, Oceana - Caribbean

1204 is a one-bedroom apartment of 1,338 sqft on the 13th floor of Oceana - Caribbean, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 30 March 2023 for AED 2,950,000, or AED 2,204 per sqft, 14% above the AED 1,933 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, renewed on 5 May 2022, is AED 110,000 a year: a gross yield of 3.7% on the 2023 price, before the service charge of about AED 30,900 a year.

Sales and rents for 1204 over time

Sales
Unit 1204, each saleTypical one-bed in Oceana - Caribbean
2M4M20102014201820222026Typical sale price by year: 2010 AED 1,628,642; 2011 AED 1,679,600; 2012 AED 1,800,000; 2013 AED 2,550,000; 2014 AED 2,180,000; 2017 AED 2,537,500; 2021 AED 1,850,000; 2022 AED 2,425,000; 2024 AED 3,250,000; 2025 AED 4,400,000Sold by developer, March 2011: AED 1,789,212 (AED 1,337 per sqft)Sold, May 2013: AED 2,650,000 (AED 1,980 per sqft)Sold, March 2023: AED 2,950,000 (AED 2,204 per sqft)

1204 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1204, each contractTypical one-bed in Oceana - Caribbean
100K150K2013201720212025Typical rent by year: 2013 AED 147,500; 2014 AED 155,000; 2015 AED 165,834; 2016 AED 162,500; 2017 AED 152,500; 2018 AED 135,000; 2019 AED 125,000; 2020 AED 110,000; 2021 AED 110,000; 2022 AED 125,000; 2023 AED 165,000; 2024 AED 176,500; 2025 AED 185,000; 2026 AED 170,000New contract, July 2016: AED 180,000 a yearRenewal, July 2017: AED 180,000 a yearNew contract, April 2018: AED 150,000 a yearRenewal, April 2019: AED 150,000 a yearNew contract, May 2020: AED 110,000 a yearRenewal, May 2021: AED 110,000 a yearRenewal, May 2022: AED 110,000 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 - Caribbean, and where 1204 sits

All 34 1-beds →

1204 last sold in March 2023 at AED 2,204 per sqft, 14% above what one-beds in Oceana - Caribbean were fetching at the time (AED 1,933). Over the last 12 months one-beds sold for AED 4,050,000 to 5,250,000, around AED 3,475 per sqft, and rent for AED 135,000 to 250,000 a year. 1204's AED 110,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
10 Mar 20265,250,000
9 Mar 20264,050,000
12 Aug 20253,800,000
4 Aug 20254,400,000
2 1-bed sales in the last 12 months

Oceana - Caribbean

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 3,892
Typical sale
AED 5.93M
Typical rent
AED 234K /yr
Typical yield
3.5%
Oceana - Caribbean, Palm Jumeirah: prices, sales and rents →

Other units on the 13th floor

All 92 units in Oceana - Caribbean
Value
12012-bedAED 2.52M · Apr 2011
12023-bedAED 6M · Jun 2022
12031-bedAED 2.48M · Dec 2012
12053-bedAED 5.4M · Dec 2012
12062-bedAED 5.1M · Aug 2023

1204, Oceana - Caribbean in numbers

  • Sold 3 times: first on 23 March 2011 for AED 1,789,212, last on 30 March 2023 for AED 2,950,000 (AED 2,204 per sqft).
  • Rented since July 2016 on 7 Ejari contracts, from AED 180,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2023 price is 3.7%, before a service charge of about AED 30,900 a year (AED 23.10 per sqft).
  • One-beds in Oceana - Caribbean sold for AED 4,050,000–5,250,000 in the 12 months to November 2026; the building's median across all types is AED 3,892 per sqft.

Source: Dubai Land Department. Updated 30 March 2023.

Questions about 1204, Oceana - Caribbean

What did unit 1204 last sell for?

AED 2,950,000 on 30 March 2023: AED 2,204 per sqft for 1,338 sqft. The unit has 3 registered sales; the first was AED 1,789,212 in March 2011.

What is the rent for unit 1204?

AED 110,000 a year on the contract renewed on 5 May 2022. The previous contract, from May 2021, was AED 110,000; the unit has been rented since July 2016.

How big is unit 1204?

1,338 sqft (124.3 sqm): a one-bedroom apartment on the 13th floor of a 14-storey tower completed in 2010.

What is unit 1204 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Oceana - Caribbean sold for AED 4,050,000 to 5,250,000 in the last 12 months, around AED 3,475 per sqft.

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Mortgage on 1204, Oceana - Caribbean

Starts from the last sale price (AED 2.95M, 30 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,950,000
Deposit, UAE resident (20%)
AED 590,000
Deposit, non-resident (40%)
AED 1,180,000
Monthly over 25 years at 3.7%
AED 12,069

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