2-bed · 1,709 sqftOceana - Southern, Palm Jumeirah · 12th floor · completed 2010

1101, Oceana - Southern

Sold prices and rental history: sold twice, last in April 2018, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1101 · DLD and Ejari recordsUpdated 1 April 2018
Last soldAED 3.28M1 April 2018
Current rentAED 180K /yr1 April 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1101, Oceana - Southern

What is 1101 worth today?

Last sold for AED 3,275,000 in 2018

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

1 Apr 2018SoldReady
AED 3,275,000AED 1,916 per sqft
1 Apr 2017RentedRenewal
AED 180,000/yr12 months · AED 105 per sqft
1 Apr 2016RentedNew contract
AED 215,000/yr12 months · AED 126 per sqft
1 Apr 2015RentedNew contract
AED 207,500/yr12 months · AED 121 per sqft
7 Jun 2013RentedNew contract
AED 205,000/yr12 months · AED 120 per sqft
15 Dec 2010Sold by developerReady
AED 2,778,168AED 1,625 per sqft

Source: Dubai Land Department. Updated 1 April 2018.

Key facts

Type
2-bed apartment
Size
1,709 sqft
Floor
12th of 14
Parking
B1-1400
Developer
Seven Tides
Completed
2010
Service charge
AED 39,500 /yr
Last sold
AED 3.28M · April 2018

About 1101, Oceana - Southern

1101 is a two-bedroom apartment of 1,709 sqft on the 12th floor of Oceana - Southern, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 1 April 2018 for AED 3,275,000, or AED 1,916 per sqft, 20% above the AED 1,592 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, renewed on 1 April 2017, is AED 180,000 a year: a gross yield of 5.5% on the 2018 price, before the service charge of about AED 39,500 a year.

Sales and rents for 1101 over time

Sales
Unit 1101, each saleTypical two-bed in Oceana - Southern
3M4M2010201420182022Typical sale price by year: 2010 AED 2,633,847; 2011 AED 2,513,750; 2012 AED 2,845,000; 2013 AED 3,800,000; 2015 AED 3,950,000; 2017 AED 3,210,610; 2018 AED 3,250,000; 2022 AED 3,552,304; 2023 AED 4,125,000; 2024 AED 4,296,648Sold by developer, December 2010: AED 2,778,168 (AED 1,625 per sqft)Sold, April 2018: AED 3,275,000 (AED 1,916 per sqft)

1101 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1101, each contractTypical two-bed in Oceana - Southern
200K300K2013201720212025Typical rent by year: 2013 AED 192,000; 2014 AED 215,000; 2015 AED 220,000; 2016 AED 190,000; 2017 AED 186,000; 2018 AED 175,000; 2019 AED 150,000; 2020 AED 142,500; 2021 AED 145,000; 2022 AED 162,500; 2023 AED 210,000; 2024 AED 240,000; 2025 AED 272,500; 2026 AED 285,000New contract, June 2013: AED 205,000 a yearNew contract, April 2015: AED 207,500 a yearNew contract, April 2016: AED 215,000 a yearRenewal, April 2017: AED 180,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Oceana - Southern, and where 1101 sits

All 30 2-beds →

1101 last sold in April 2018 at AED 1,916 per sqft, 20% above what two-beds in Oceana - Southern were fetching at the time (AED 1,592). Over the last 12 months two-beds sold for AED 4,950,000 to 7,400,000, around AED 3,613 per sqft, and rent for AED 205,000 to 450,000 a year. 1101's AED 180,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
14 Aug 20264,950,000
8 May 20267,400,000
29 Aug 20244,700,000
20 Jun 20244,000,000
2 2-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 12th floor

All 92 units in Oceana - Southern
Value
11023-bedAED 3.58M · Jan 2011
11031-bedAED 1.97M · Dec 2010
11041-bedAED 2.65M · Dec 2017
11053-bedAED 5.5M · Apr 2023
11062-bedAED 2.78M · Nov 2012

1101, Oceana - Southern in numbers

  • Sold twice: first on 15 December 2010 for AED 2,778,168, last on 1 April 2018 for AED 3,275,000 (AED 1,916 per sqft).
  • Rented since June 2013 on 4 Ejari contracts, from AED 205,000 to AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2018 price is 5.5%, before a service charge of about AED 39,500 a year (AED 23.10 per sqft).
  • Two-beds in Oceana - Southern sold for AED 4,950,000–7,400,000 in the 12 months to November 2026; the building's median across all types is AED 2,896 per sqft.

Source: Dubai Land Department. Updated 1 April 2018.

Questions about 1101, Oceana - Southern

What did unit 1101 last sell for?

AED 3,275,000 on 1 April 2018: AED 1,916 per sqft for 1,709 sqft. The unit has 2 registered sales; the first was AED 2,778,168 in December 2010.

What is the rent for unit 1101?

AED 180,000 a year on the contract renewed on 1 April 2017. The previous contract, from April 2016, was AED 215,000; the unit has been rented since June 2013.

How big is unit 1101?

1,709 sqft (158.8 sqm): a two-bedroom apartment on the 12th floor of a 14-storey tower completed in 2010.

What is unit 1101 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Oceana - Southern sold for AED 4,950,000 to 7,400,000 in the last 12 months, around AED 3,613 per sqft.

Selling 1101? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1101, Oceana - Southern

Starts from the last sale price (AED 3.28M, 1 April 2018). Switch to today's estimate once you have unlocked it.
Price
AED 3,275,000
Deposit, UAE resident (20%)
AED 655,000
Deposit, non-resident (40%)
AED 1,310,000
Monthly over 25 years at 3.7%
AED 13,399

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