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3-bed · 2,280 sqftOceana - Southern, Palm Jumeirah · 11th floor · completed 2010

1005, Oceana - Southern

Sold prices and rental history: sold once, by the developer in March 2011, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1005 · DLD and Ejari recordsUpdated 1 January 2018
Last soldAED 3.71M23 March 2011
Current rentAED 180K /yr1 January 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1005, Oceana - Southern

What is 1005 worth today?

Last sold for AED 3,712,088 in 2011

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1 Jan 2018RentedNew contract
AED 180,000/yr12 months · AED 79 per sqft
21 Dec 2017RentedRenewal
AED 180,000/yr12 months · AED 79 per sqft
20 Dec 2016RentedNew contract
AED 179,517/yr12 months · AED 79 per sqft
23 Mar 2011Sold by developerReady
AED 3,712,088AED 1,628 per sqft

Source: Dubai Land Department. Updated 1 January 2018.

Key facts

Type
3-bed apartment
Size
2,280 sqft
Floor
11th of 14
Parking
B2-2442,2441
Developer
Seven Tides
Completed
2010
Service charge
AED 52,700 /yr
Last sold
AED 3.71M · March 2011
Building
Oceana - Southern

About 1005, Oceana - Southern

1005 is a three-bedroom apartment of 2,280 sqft on the 11th floor of Oceana - Southern, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. The developer sold it on 23 March 2011 for AED 3,712,088, or AED 1,628 per sqft, 12% above the AED 1,449 three-beds in the building were fetching at the time.

It has been rented since 2016 on 3 Ejari contracts. The current contract, signed on 1 January 2018, is AED 180,000 a year: a gross yield of 4.9% on the 2011 price, before the service charge of about AED 52,700 a year.

Sales and rents for 1005 over time

Sales
Unit 1005, each saleTypical three-bed in Oceana - Southern
4M6M2010201420182022Typical sale price by year: 2010 AED 3,500,000; 2011 AED 3,303,886; 2012 AED 6,725,000; 2016 AED 5,775,000; 2021 AED 4,575,000; 2023 AED 5,500,000; 2024 AED 6,580,000Sold by developer, March 2011: AED 3,712,088 (AED 1,628 per sqft)

1005 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1005, each contractTypical three-bed in Oceana - Southern
200K300K400K2013201720212025Typical rent by year: 2013 AED 280,000; 2014 AED 300,000; 2015 AED 297,500; 2016 AED 265,000; 2017 AED 242,500; 2018 AED 240,000; 2019 AED 200,000; 2020 AED 201,081; 2021 AED 200,002; 2022 AED 235,000; 2023 AED 295,996; 2024 AED 360,000; 2025 AED 372,500; 2026 AED 375,000New contract, December 2016: AED 179,517 a yearRenewal, December 2017: AED 180,000 a yearNew contract, January 2018: AED 180,000 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 - Southern, and where 1005 sits

All 26 3-beds →

1005 last sold in March 2011 at AED 1,628 per sqft, 12% above what three-beds in Oceana - Southern were fetching at the time (AED 1,449). 1005's AED 180,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
10 Oct 20249,300,000
10 Jun 20244,366,668
30 Apr 20246,020,000
2 Apr 20246,580,000
0 3-bed sales in the last 12 months

Oceana - Southern

Building

92 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%
Oceana - Southern, Palm Jumeirah: prices, sales and rents →

Other units on the 11th floor

All 92 units in Oceana - Southern
Value
10012-bedAED 2.74M · Jan 2011
10023-bedAED 9.3M · Oct 2024
10031-bedAED 1.95M · Sep 2010
10041-bedAED 1.95M · Sep 2010
10062-bedAED 4.35M · Dec 2022

1005, Oceana - Southern in numbers

  • Sold once: by Seven Tides on 23 March 2011 for AED 3,712,088, or AED 1,628 per sqft.
  • Rented since December 2016 on 3 Ejari contracts, from AED 179,517 to AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2011 price is 4.9%, before a service charge of about AED 52,700 a year (AED 23.10 per sqft).

Source: Dubai Land Department. Updated 1 January 2018.

Questions about 1005, Oceana - Southern

What did unit 1005 last sell for?

AED 3,712,088 on 23 March 2011, sold by the developer: AED 1,628 per sqft for 2,280 sqft. It is the only registered sale of the unit.

What is the rent for unit 1005?

AED 180,000 a year on the contract signed on 1 January 2018. The previous contract, from December 2017, was AED 180,000; the unit has been rented since December 2016.

How big is unit 1005?

2,280 sqft (211.8 sqm): a three-bedroom apartment on the 11th floor of a 14-storey tower completed in 2010.

What is unit 1005 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 1005, Oceana - Southern

Starts from the last sale price (AED 3.71M, 23 March 2011). Switch to today's estimate once you have unlocked it.
Price
AED 3,712,088
Deposit, UAE resident (20%)
AED 742,418
Deposit, non-resident (40%)
AED 1,484,835
Monthly over 25 years at 3.7%
AED 15,187

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