1002, Oceana - Southern
Sold prices and rental history: sold 4 times, last in October 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 1002, Oceana - Southern
What is 1002 worth today?
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Source: Dubai Land Department. Updated 10 October 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 2,440 sqft
- Floor
- 11th of 14
- Parking
- B2-2432,2433
- Developer
- Seven Tides
- Completed
- 2010
- Service charge
- AED 56,400 /yr
- Last sold
- AED 9.3M · October 2024
- Building
- Oceana - Southern
About 1002, Oceana - Southern
1002 is a three-bedroom apartment of 2,440 sqft on the 11th floor of Oceana - Southern, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 10 October 2024 for AED 9,300,000, or AED 3,811 per sqft, 32% above the AED 2,886 three-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, signed on 25 November 2023, is AED 500,000 a year: a gross yield of 5.4% on the 2024 price, before the service charge of about AED 56,400 a year.
Sales and rents for 1002 over time
1002 has sold 4 times; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Oceana - Southern, and where 1002 sits
All 26 3-beds →1002 last sold in October 2024 at AED 3,811 per sqft, 32% above what three-beds in Oceana - Southern were fetching at the time (AED 2,886). 1002's AED 500,000 is at the top of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Jun 202410 June 2024 | 2,280 sqft | 4,366,668 | 1,915 | ||
| 30 Apr 202430 April 2024 | 2,280 sqft | 6,020,000 | 2,640 | ||
| 2 Apr 20242 April 2024 | 2,280 sqft | 6,580,000 | 2,886 | ||
| 18 Jan 202418 January 2024 | 2,440 sqft | 8,999,999 | 3,688 |
Oceana - Southern
Building92 apartments, 1-bed to 4-bed over 14 floors in Palm Jumeirah, completed in 2010 by Seven Tides. 5 sold in the last 12 months.
- Typical price per sqft
- AED 2,896
- Typical sale
- AED 4.1M
- Typical rent
- AED 220K /yr
- Typical yield
- 5.2%
Other units on the 11th floor
All 92 units in Oceana - Southern| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | 2-bed | 1,709 sqft | AED 2.74MAED 2,742,088 · Jan 2011January 2011 | 285,000 /yr | |
| 1003 | 1-bed | 1,338 sqft | AED 1.95MAED 1,946,048 · Sep 2010September 2010 | 160,000 /yr | |
| 1004 | 1-bed | 1,338 sqft | AED 1.95MAED 1,946,048 · Sep 2010September 2010 | 180,000 /yr | |
| 1005 | 3-bed | 2,280 sqft | AED 3.71MAED 3,712,088 · Mar 2011March 2011 | 180,000 /yr | |
| 1006 | 2-bed | 1,709 sqft | AED 4.35MAED 4,350,000 · Dec 2022December 2022 | 133,250 /yr |
1002, Oceana - Southern in numbers
- Sold 4 times: first on 16 December 2010 for AED 3,536,554, last on 10 October 2024 for AED 9,300,000 (AED 3,811 per sqft).
- Rented since November 2017 on 6 Ejari contracts, from AED 190,000 to AED 500,000 a year.
- At AED 500,000 a year the gross yield on the 2024 price is 5.4%, before a service charge of about AED 56,400 a year (AED 23.10 per sqft).
Source: Dubai Land Department. Updated 10 October 2024.
Questions about 1002, Oceana - Southern
What did unit 1002 last sell for?
AED 9,300,000 on 10 October 2024: AED 3,811 per sqft for 2,440 sqft. The unit has 4 registered sales; the first was AED 3,536,554 in December 2010.
What is the rent for unit 1002?
AED 500,000 a year on the contract signed on 25 November 2023. The previous contract, from September 2021, was AED 260,000; the unit has been rented since November 2017.
How big is unit 1002?
2,440 sqft (226.7 sqm): a three-bedroom apartment on the 11th floor of a 14-storey tower completed in 2010.
What is unit 1002 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 1002, Oceana - Southern
Starts from the last sale price (AED 9.3M, 10 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 9,300,000
- Deposit, UAE resident (20%)
- AED 1,860,000
- Deposit, non-resident (40%)
- AED 3,720,000
- Monthly over 25 years at 3.7%
- AED 38,049
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →