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2-bed · 1,709 sqftOceana - Southern, Palm Jumeirah · 3rd floor · completed 2010

206, Oceana - Southern

Sold prices and rental history: sold 4 times, last in August 2022, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 206 · DLD and Ejari recordsUpdated 24 August 2022
Last soldAED 3.18M24 August 2022
Current rentAED 140K /yr8 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 206, Oceana - Southern

What is 206 worth today?

Last sold for AED 3,175,000 in 2022

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24 Aug 2022SoldReady
AED 3,175,000AED 1,857 per sqft
8 Sep 2020RentedRenewal
AED 140,000/yr12 months · AED 82 per sqft
8 Sep 2019RentedRenewal
AED 140,000/yr12 months · AED 82 per sqft
8 May 2019SoldReady
AED 1,050,000AED 614 per sqft
8 Sep 2018RentedNew contract
AED 140,000/yr12 months · AED 82 per sqft
18 Jan 2017RentedNew contract
AED 185,000/yr12 months · AED 108 per sqft
18 Jan 2015RentedNew contract
AED 96,354/yr23 months · AED 56 per sqft
13 Sep 2012SoldReady
AED 2,840,000AED 1,661 per sqft

Source: Dubai Land Department. Updated 24 August 2022.

Key facts

Type
2-bed apartment
Size
1,709 sqft
Floor
3rd of 14
Parking
B1-1336
Developer
Seven Tides
Completed
2010
Service charge
AED 39,500 /yr
Last sold
AED 3.18M · August 2022
Building
Oceana - Southern

About 206, Oceana - Southern

206 is a two-bedroom apartment of 1,709 sqft on the 3rd floor of Oceana - Southern, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 24 August 2022 for AED 3,175,000, or AED 1,857 per sqft.

It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, renewed on 8 September 2020, is AED 140,000 a year: a gross yield of 4.4% on the 2022 price, before the service charge of about AED 39,500 a year.

Sales and rents for 206 over time

Sales
Unit 206, each saleTypical two-bed in Oceana - Southern
2M4M2010201420182022Typical 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, October 2010: AED 2,405,340 (AED 1,407 per sqft)Sold, September 2012: AED 2,840,000 (AED 1,661 per sqft)Sold, May 2019: AED 1,050,000 (AED 614 per sqft)Sold, August 2022: AED 3,175,000 (AED 1,857 per sqft)

206 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 206, each contractTypical two-bed in Oceana - Southern
100K200K300K2013201720212025Typical 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, January 2015: AED 96,354 a yearNew contract, January 2017: AED 185,000 a yearNew contract, September 2018: AED 140,000 a yearRenewal, September 2019: AED 140,000 a yearRenewal, September 2020: AED 140,000 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 206 sits

All 30 2-beds →

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. 206's AED 140,000 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 3rd floor

All 92 units in Oceana - Southern
Value
2012-bedAED 2.41M · Mar 2011
2023-bedAED 5.75M · May 2011
2031-bedAED 1.71M · Sep 2010
2041-bedAED 1.71M · Jan 2011
2053-bedAED 2.58M · Apr 2011

206, Oceana - Southern in numbers

  • Sold 4 times: first on 11 October 2010 for AED 2,405,340, last on 24 August 2022 for AED 3,175,000 (AED 1,857 per sqft).
  • Rented since January 2015 on 5 Ejari contracts, from AED 96,354 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2022 price is 4.4%, 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 24 August 2022.

Questions about 206, Oceana - Southern

What did unit 206 last sell for?

AED 3,175,000 on 24 August 2022: AED 1,857 per sqft for 1,709 sqft. The unit has 4 registered sales; the first was AED 2,405,340 in October 2010.

What is the rent for unit 206?

AED 140,000 a year on the contract renewed on 8 September 2020. The previous contract, from September 2019, was AED 140,000; the unit has been rented since January 2015.

How big is unit 206?

1,709 sqft (158.8 sqm): a two-bedroom apartment on the 3rd floor of a 14-storey tower completed in 2010.

What is unit 206 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.

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Mortgage on 206, Oceana - Southern

Starts from the last sale price (AED 3.18M, 24 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,175,000
Deposit, UAE resident (20%)
AED 635,000
Deposit, non-resident (40%)
AED 1,270,000
Monthly over 25 years at 3.7%
AED 12,990

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