3-bed · 2,280 sqftOceana - Caribbean, Palm Jumeirah · 13th floor · completed 2010

1205, Oceana - Caribbean

Sold prices and rental history: sold twice, last in December 2012, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1205 · DLD and Ejari recordsUpdated 6 February 2023
Last soldAED 5.4M23 December 2012
Current rentAED 258K /yr6 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1205, Oceana - Caribbean

What is 1205 worth today?

Last sold for AED 5,400,000 in 2012

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6 Feb 2023RentedRenewal
AED 258,000/yr12 months · AED 113 per sqft
6 Feb 2022RentedNew contract
AED 258,000/yr12 months · AED 113 per sqft
20 Jun 2021RentedNew contract
AED 95,000/yr12 months · AED 42 per sqft
23 Dec 2012SoldReady
AED 5,400,000AED 2,368 per sqft
16 Sep 2010Sold by developerReady
AED 3,251,535AED 1,426 per sqft

Source: Dubai Land Department. Updated 6 February 2023.

Key facts

Type
3-bed apartment
Size
2,280 sqft
Floor
13th of 14
Parking
B1-1177,1178
Developer
Seven Tides
Completed
2010
Service charge
AED 52,700 /yr
Last sold
AED 5.4M · December 2012

About 1205, Oceana - Caribbean

1205 is a three-bedroom apartment of 2,280 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 23 December 2012 for AED 5,400,000, or AED 2,368 per sqft, 37% above the AED 1,732 three-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 6 February 2023, is AED 258,000 a year: a gross yield of 4.8% on the 2012 price, before the service charge of about AED 52,700 a year.

Sales and rents for 1205 over time

Sales
Unit 1205, each saleTypical three-bed in Oceana - Caribbean
4M6M2010201420182022Typical sale price by year: 2010 AED 3,084,790; 2011 AED 3,100,000; 2012 AED 3,950,000; 2016 AED 5,700,000; 2021 AED 4,000,000; 2022 AED 5,900,000Sold by developer, September 2010: AED 3,251,535 (AED 1,426 per sqft)Sold, December 2012: AED 5,400,000 (AED 2,368 per sqft)

1205 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1205, each contractTypical three-bed in Oceana - Caribbean
200K400K2013201720212025Typical rent by year: 2013 AED 265,000; 2014 AED 290,000; 2015 AED 283,500; 2016 AED 277,500; 2017 AED 273,750; 2018 AED 260,000; 2019 AED 235,000; 2020 AED 200,000; 2021 AED 202,500; 2022 AED 245,000; 2023 AED 304,500; 2024 AED 335,853; 2025 AED 357,475; 2026 AED 405,000New contract, June 2021: AED 95,000 a yearNew contract, February 2022: AED 258,000 a yearRenewal, February 2023: AED 258,000 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 - Caribbean, and where 1205 sits

All 26 3-beds →

1205 last sold in December 2012 at AED 2,368 per sqft, 37% above what three-beds in Oceana - Caribbean were fetching at the time (AED 1,732). Over the last 12 months three-beds sold for AED 11,500,000, around AED 5,044 per sqft, and rent for AED 280,000 to 525,000 a year. 1205's AED 258,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
8 Dec 202511,500,000
22 Jul 202510,400,000
24 Apr 20246,900,000
22 Apr 20247,200,000
1 3-bed sale 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
12041-bedAED 2.95M · Mar 2023
12062-bedAED 5.1M · Aug 2023

1205, Oceana - Caribbean in numbers

  • Sold twice: first on 16 September 2010 for AED 3,251,535, last on 23 December 2012 for AED 5,400,000 (AED 2,368 per sqft).
  • Rented since June 2021 on 3 Ejari contracts, from AED 95,000 to AED 258,000 a year.
  • At AED 258,000 a year the gross yield on the 2012 price is 4.8%, before a service charge of about AED 52,700 a year (AED 23.10 per sqft).
  • Three-beds in Oceana - Caribbean sold for AED 11,500,000–11,500,000 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 6 February 2023.

Questions about 1205, Oceana - Caribbean

What did unit 1205 last sell for?

AED 5,400,000 on 23 December 2012: AED 2,368 per sqft for 2,280 sqft. The unit has 2 registered sales; the first was AED 3,251,535 in September 2010.

What is the rent for unit 1205?

AED 258,000 a year on the contract renewed on 6 February 2023. The previous contract, from February 2022, was AED 258,000; the unit has been rented since June 2021.

How big is unit 1205?

2,280 sqft (211.8 sqm): a three-bedroom apartment on the 13th floor of a 14-storey tower completed in 2010.

What is unit 1205 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Oceana - Caribbean sold for AED 11,500,000 to 11,500,000 in the last 12 months, around AED 5,044 per sqft.

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Mortgage on 1205, Oceana - Caribbean

Starts from the last sale price (AED 5.4M, 23 December 2012). Switch to today's estimate once you have unlocked it.
Price
AED 5,400,000
Deposit, UAE resident (20%)
AED 1,080,000
Deposit, non-resident (40%)
AED 2,160,000
Monthly over 25 years at 3.7%
AED 22,093

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