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

305, Oceana - Caribbean

Sold prices and rental history: sold twice, last in May 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 305 · DLD and Ejari recordsUpdated 30 May 2022
Last soldAED 5.5M30 May 2022
Current rentAED 230K /yr8 January 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 305, Oceana - Caribbean

What is 305 worth today?

Last sold for AED 5,500,000 in 2022

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30 May 2022SoldReady
AED 5,500,000AED 2,412 per sqft
8 Jan 2022RentedRenewal
AED 230,001/yr6 months · AED 101 per sqft
8 Sep 2021RentedRenewal
AED 230,001/yr4 months · AED 101 per sqft
8 Sep 2020RentedRenewal
AED 230,000/yr12 months · AED 101 per sqft
8 Sep 2019RentedRenewal
AED 260,000/yr12 months · AED 114 per sqft
8 Sep 2018RentedRenewal
AED 260,000/yr12 months · AED 114 per sqft
8 Sep 2017RentedRenewal
AED 260,000/yr12 months · AED 114 per sqft
8 Sep 2016RentedNew contract
AED 260,000/yr12 months · AED 114 per sqft

Source: Dubai Land Department. Updated 30 May 2022.

Key facts

Type
3-bed apartment
Size
2,280 sqft
Floor
4th of 14
Parking
B1-1192,1193
Developer
Seven Tides
Completed
2010
Service charge
AED 52,700 /yr
Last sold
AED 5.5M · May 2022

About 305, Oceana - Caribbean

305 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 30 May 2022 for AED 5,500,000, or AED 2,412 per sqft, 7% above the AED 2,258 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 8 January 2022, is AED 230,001 a year: a gross yield of 4.2% on the 2022 price, before the service charge of about AED 52,700 a year.

Sales and rents for 305 over time

Sales
Unit 305, 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, May 2011: AED 2,820,776 (AED 1,237 per sqft)Sold, May 2022: AED 5,500,000 (AED 2,412 per sqft)

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

Rents
Unit 305, each contractTypical three-bed in Oceana - Caribbean
200K300K400K2013201720212025Typical 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, May 2013: AED 260,000 a yearNew contract, May 2014: AED 280,000 a yearNew contract, May 2016: AED 250,000 a yearNew contract, September 2016: AED 260,000 a yearRenewal, September 2017: AED 260,000 a yearRenewal, September 2018: AED 260,000 a yearRenewal, September 2019: AED 260,000 a yearRenewal, September 2020: AED 230,000 a yearRenewal, September 2021: AED 230,001 a yearRenewal, January 2022: AED 230,001 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 305 sits

All 26 3-beds →

305 last sold in May 2022 at AED 2,412 per sqft, 7% above what three-beds in Oceana - Caribbean were fetching at the time (AED 2,258). 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. 305's AED 230,001 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
3023-bedAED 6.5M · Oct 2022
3031-bedAED 1.47M · Sep 2010
3041-bedAED 3.2M · Mar 2024
3062-bedAED 2.19M · Apr 2011

305, Oceana - Caribbean in numbers

  • Sold twice: first on 12 May 2011 for AED 2,820,776, last on 30 May 2022 for AED 5,500,000 (AED 2,412 per sqft).
  • Rented since May 2013 on 10 Ejari contracts, from AED 260,000 to AED 230,001 a year.
  • At AED 230,001 a year the gross yield on the 2022 price is 4.2%, 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 30 May 2022.

Questions about 305, Oceana - Caribbean

What did unit 305 last sell for?

AED 5,500,000 on 30 May 2022: AED 2,412 per sqft for 2,280 sqft. The unit has 2 registered sales; the first was AED 2,820,776 in May 2011.

What is the rent for unit 305?

AED 230,001 a year on the contract renewed on 8 January 2022. The previous contract, from September 2021, was AED 230,001; the unit has been rented since May 2013.

How big is unit 305?

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 305 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 305, Oceana - Caribbean

Starts from the last sale price (AED 5.5M, 30 May 2022). Switch to today's estimate once you have unlocked it.
Price
AED 5,500,000
Deposit, UAE resident (20%)
AED 1,100,000
Deposit, non-resident (40%)
AED 2,200,000
Monthly over 25 years at 3.7%
AED 22,502

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