1-bed · 1,338 sqftOceana - Southern, Palm Jumeirah · 5th floor · completed 2010

403, Oceana - Southern

Sold prices and rental history: sold 4 times, last in July 2017, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 403 · DLD and Ejari recordsUpdated 18 July 2017
Last soldAED 2.7M18 July 2017
Current rentAED 155K /yr4 June 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 403, Oceana - Southern

What is 403 worth today?

Last sold for AED 2,700,000 in 2017

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18 Jul 2017SoldReady
AED 2,700,000AED 2,017 per sqft
4 Jun 2016RentedRenewal
AED 155,000/yr12 months · AED 116 per sqft
4 Jun 2015RentedNew contract
AED 155,000/yr12 months · AED 116 per sqft
28 Feb 2014RentedNew contract
AED 140,000/yr12 months · AED 105 per sqft
6 Feb 2014SoldReady
AED 2,750,000AED 2,055 per sqft
28 Feb 2013RentedNew contract
AED 130,000/yr12 months · AED 97 per sqft
12 Sep 2012SoldReady
AED 2,100,000AED 1,569 per sqft
16 Feb 2012Sold by developerReady
AED 879,136AED 656 per sqft

Source: Dubai Land Department. Updated 18 July 2017.

Key facts

Type
1-bed apartment
Size
1,338 sqft
Floor
5th of 14
Parking
B1-1408
Developer
Seven Tides
Completed
2010
Service charge
AED 30,900 /yr
Last sold
AED 2.7M · July 2017

About 403, Oceana - Southern

403 is a one-bedroom apartment of 1,338 sqft on the 5th floor of Oceana - Southern, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 18 July 2017 for AED 2,700,000, or AED 2,017 per sqft, 34% above the AED 1,502 one-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 4 June 2016, is AED 155,000 a year: a gross yield of 5.7% on the 2017 price, before the service charge of about AED 30,900 a year.

Sales and rents for 403 over time

Sales
Unit 403, each saleTypical one-bed in Oceana - Southern
2M4M2010201520202025Typical sale price by year: 2010 AED 1,946,048; 2011 AED 1,707,060; 2012 AED 1,807,680; 2013 AED 2,025,000; 2014 AED 2,500,000; 2015 AED 2,075,000; 2017 AED 2,625,000; 2022 AED 2,459,689; 2023 AED 2,743,500; 2024 AED 3,655,000; 2026 AED 3,750,000Sold by developer, February 2012: AED 879,136 (AED 656 per sqft)Sold, September 2012: AED 2,100,000 (AED 1,569 per sqft)Sold, February 2014: AED 2,750,000 (AED 2,055 per sqft)Sold, July 2017: AED 2,700,000 (AED 2,017 per sqft)

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

Rents
Unit 403, each contractTypical one-bed in Oceana - Southern
100K150K200K2012201620202024Typical rent by year: 2012 AED 131,750; 2013 AED 140,000; 2014 AED 152,500; 2015 AED 155,000; 2016 AED 157,500; 2017 AED 150,000; 2018 AED 132,500; 2019 AED 125,000; 2020 AED 110,000; 2021 AED 115,000; 2022 AED 140,000; 2023 AED 150,000; 2024 AED 164,149; 2025 AED 195,424; 2026 AED 175,000New contract, February 2013: AED 130,000 a yearNew contract, February 2014: AED 140,000 a yearNew contract, June 2015: AED 155,000 a yearRenewal, June 2016: AED 155,000 a year

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

1-beds in Oceana - Southern, and where 403 sits

All 34 1-beds →

403 last sold in July 2017 at AED 2,017 per sqft, 34% above what one-beds in Oceana - Southern were fetching at the time (AED 1,502). Over the last 12 months one-beds sold for AED 3,500,000 to 4,100,000, around AED 2,802 per sqft, and rent for AED 55,000 to 425,000 a year. 403's AED 155,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
9 Oct 20263,750,000
11 May 20263,500,000
31 Mar 20264,100,000
11 Sep 20253,500,000
3 1-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 5th floor

All 92 units in Oceana - Southern
Value
4012-bedAED 3.15M · Feb 2012
4023-bedAED 6.8M · Oct 2021
4041-bedAED 2.3M · Oct 2012
4053-bedAED 6.02M · Apr 2024
4062-bedAED 3.7M · Sep 2022

403, Oceana - Southern in numbers

  • Sold 4 times: first on 16 February 2012 for AED 879,136, last on 18 July 2017 for AED 2,700,000 (AED 2,017 per sqft).
  • Rented since February 2013 on 4 Ejari contracts, from AED 130,000 to AED 155,000 a year.
  • At AED 155,000 a year the gross yield on the 2017 price is 5.7%, before a service charge of about AED 30,900 a year (AED 23.10 per sqft).
  • One-beds in Oceana - Southern sold for AED 3,500,000–4,100,000 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 18 July 2017.

Questions about 403, Oceana - Southern

What did unit 403 last sell for?

AED 2,700,000 on 18 July 2017: AED 2,017 per sqft for 1,338 sqft. The unit has 4 registered sales; the first was AED 879,136 in February 2012.

What is the rent for unit 403?

AED 155,000 a year on the contract renewed on 4 June 2016. The previous contract, from June 2015, was AED 155,000; the unit has been rented since February 2013.

How big is unit 403?

1,338 sqft (124.3 sqm): a one-bedroom apartment on the 5th floor of a 14-storey tower completed in 2010.

What is unit 403 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Oceana - Southern sold for AED 3,500,000 to 4,100,000 in the last 12 months, around AED 2,802 per sqft.

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Mortgage on 403, Oceana - Southern

Starts from the last sale price (AED 2.7M, 18 July 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,700,000
Deposit, UAE resident (20%)
AED 540,000
Deposit, non-resident (40%)
AED 1,080,000
Monthly over 25 years at 3.7%
AED 11,047

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