501, Oceana - Caribbean
Sold prices and rental history: sold twice, last in July 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 501, Oceana - Caribbean
What is 501 worth today?
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Source: Dubai Land Department. Updated 6 July 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,709 sqft
- Floor
- 6th of 14
- Parking
- B1-1252
- Developer
- Seven Tides
- Completed
- 2010
- Service charge
- AED 39,500 /yr
- Last sold
- AED 5.56M · July 2024
- Building
- Oceana - Caribbean
About 501, Oceana - Caribbean
501 is a two-bedroom apartment of 1,709 sqft on the 6th floor of Oceana - Caribbean, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 4 July 2024 for AED 5,555,000, or AED 3,250 per sqft, 9% above the AED 2,983 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 8 Ejari contracts. The current contract, renewed on 6 July 2024, is AED 165,000 a year: a gross yield of 3.0% on the 2024 price, before the service charge of about AED 39,500 a year.
Sales and rents for 501 over time
501 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Oceana - Caribbean, and where 501 sits
All 30 2-beds →501 last sold in July 2024 at AED 3,250 per sqft, 9% above what two-beds in Oceana - Caribbean were fetching at the time (AED 2,983). Over the last 12 months two-beds sold for AED 6,600,000, around AED 3,861 per sqft, and rent for AED 230,000 to 370,000 a year. 501's AED 165,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Mar 202617 March 2026 | 1,709 sqft | 6,600,000 | 3,861 | ||
| 29 Mar 202529 March 2025 | 1,709 sqft | 6,525,000 | 3,817 | ||
| 27 Sep 202427 September 2024 | 1,955 sqft | 7,100,000 | 3,632 | ||
| 6 Oct 20236 October 2023 | 1,709 sqft | 4,825,000 | 2,822 |
Oceana - Caribbean
Building92 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%
Other units on the 6th floor
All 92 units in Oceana - Caribbean| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | 3-bed | 2,280 sqft | AED 4.6MAED 4,600,000 · Jul 2021July 2021 | 525,000 /yr | |
| 503 | 1-bed | 1,338 sqft | AED 2.65MAED 2,650,000 · May 2013May 2013 | 162,750 /yr | |
| 504 | 1-bed | 1,338 sqft | AED 5.25MAED 5,250,000 · Mar 2026March 2026 | 437,569 /yr | |
| 505 | 3-bed | 2,280 sqft | AED 2.9MAED 2,900,000 · Oct 2020October 2020 | 280,000 /yr | |
| 506 | 2-bed | 1,709 sqft | AED 4.83MAED 4,825,000 · Oct 2023October 2023 | 250,000 /yr |
501, Oceana - Caribbean in numbers
- Sold twice: first on 26 April 2011 for AED 2,294,845, last on 4 July 2024 for AED 5,555,000 (AED 3,250 per sqft).
- Rented since June 2017 on 8 Ejari contracts, from AED 195,000 to AED 165,000 a year.
- At AED 165,000 a year the gross yield on the 2024 price is 3.0%, before a service charge of about AED 39,500 a year (AED 23.10 per sqft).
- Two-beds in Oceana - Caribbean sold for AED 6,600,000–6,600,000 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 July 2024.
Questions about 501, Oceana - Caribbean
What did unit 501 last sell for?
AED 5,555,000 on 4 July 2024: AED 3,250 per sqft for 1,709 sqft. The unit has 2 registered sales; the first was AED 2,294,845 in April 2011.
What is the rent for unit 501?
AED 165,000 a year on the contract renewed on 6 July 2024. The previous contract, from July 2024, was AED 165,000; the unit has been rented since June 2017.
How big is unit 501?
1,709 sqft (158.8 sqm): a two-bedroom apartment on the 6th floor of a 14-storey tower completed in 2010.
What is unit 501 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Oceana - Caribbean sold for AED 6,600,000 to 6,600,000 in the last 12 months, around AED 3,861 per sqft.
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Mortgage on 501, Oceana - Caribbean
Starts from the last sale price (AED 5.56M, 4 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 5,555,000
- Deposit, UAE resident (20%)
- AED 1,111,000
- Deposit, non-resident (40%)
- AED 2,222,000
- Monthly over 25 years at 3.7%
- AED 22,727
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →