3-bed · 2,280 sqftOceana - Caribbean, Palm Jumeirah · 4th floor · completed 2010

302, Oceana - Caribbean

Sold prices and rental history: sold 3 times, last in October 2022, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 302 · DLD and Ejari recordsUpdated 31 October 2022
Last soldAED 6.5M31 October 2022
Current rentAED 170K /yr15 March 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 302, Oceana - Caribbean

What is 302 worth today?

Last sold for AED 6,500,000 in 2022

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31 Oct 2022SoldReady
AED 6,500,000AED 2,850 per sqft
27 May 2022SoldReady
AED 4,660,000AED 2,043 per sqft
15 Mar 2021RentedRenewal
AED 170,000/yr12 months · AED 74 per sqft
15 Mar 2020RentedRenewal
AED 185,000/yr12 months · AED 81 per sqft
15 Mar 2019RentedRenewal
AED 225,000/yr12 months · AED 99 per sqft
17 Jan 2017RentedNew contract
AED 310,000/yr12 months · AED 136 per sqft
17 Jan 2016RentedRenewal
AED 310,000/yr12 months · AED 136 per sqft
17 Jan 2015RentedNew contract
AED 310,000/yr12 months · AED 136 per sqft

Source: Dubai Land Department. Updated 31 October 2022.

Key facts

Type
3-bed apartment
Size
2,280 sqft
Floor
4th of 14
Parking
B1-1195,1196
Developer
Seven Tides
Completed
2010
Service charge
AED 52,700 /yr
Last sold
AED 6.5M · October 2022

About 302, Oceana - Caribbean

302 is a three-bedroom apartment of 2,280 sqft on the 4th floor of Oceana - Caribbean, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 31 October 2022 for AED 6,500,000, or AED 2,850 per sqft, 10% above the AED 2,587 three-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, renewed on 15 March 2021, is AED 170,000 a year: a gross yield of 2.6% on the 2022 price, before the service charge of about AED 52,700 a year.

Sales and rents for 302 over time

Sales
Unit 302, each saleTypical three-bed in Oceana - Caribbean
2.5M5M2010201420182022Typical 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, January 2011: AED 1,423,314 (AED 624 per sqft)Sold, May 2022: AED 4,660,000 (AED 2,043 per sqft)Sold, October 2022: AED 6,500,000 (AED 2,850 per sqft)

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

Rents
Unit 302, 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, January 2015: AED 310,000 a yearRenewal, January 2016: AED 310,000 a yearNew contract, January 2017: AED 310,000 a yearRenewal, March 2019: AED 225,000 a yearRenewal, March 2020: AED 185,000 a yearRenewal, March 2021: AED 170,000 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 302 sits

All 26 3-beds →

302 last sold in October 2022 at AED 2,850 per sqft, 10% above what three-beds in Oceana - Caribbean were fetching at the time (AED 2,587). 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. 302's AED 170,000 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 4th floor

All 92 units in Oceana - Caribbean
Value
3012-bedAED 2.19M · Mar 2011
3031-bedAED 1.47M · Sep 2010
3041-bedAED 3.2M · Mar 2024
3053-bedAED 5.5M · May 2022
3062-bedAED 2.19M · Apr 2011

302, Oceana - Caribbean in numbers

  • Sold 3 times: first on 24 January 2011 for AED 1,423,314, last on 31 October 2022 for AED 6,500,000 (AED 2,850 per sqft).
  • Rented since January 2015 on 6 Ejari contracts, from AED 310,000 to AED 170,000 a year.
  • At AED 170,000 a year the gross yield on the 2022 price is 2.6%, 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 31 October 2022.

Questions about 302, Oceana - Caribbean

What did unit 302 last sell for?

AED 6,500,000 on 31 October 2022: AED 2,850 per sqft for 2,280 sqft. The unit has 3 registered sales; the first was AED 1,423,314 in January 2011.

What is the rent for unit 302?

AED 170,000 a year on the contract renewed on 15 March 2021. The previous contract, from March 2020, was AED 185,000; the unit has been rented since January 2015.

How big is unit 302?

2,280 sqft (211.8 sqm): a three-bedroom apartment on the 4th floor of a 14-storey tower completed in 2010.

What is unit 302 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 302, Oceana - Caribbean

Starts from the last sale price (AED 6.5M, 31 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 6,500,000
Deposit, UAE resident (20%)
AED 1,300,000
Deposit, non-resident (40%)
AED 2,600,000
Monthly over 25 years at 3.7%
AED 26,594

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