405, Oceana - Southern
Sold prices and rental history: sold twice, last in April 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 405, Oceana - Southern
What is 405 worth today?
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Source: Dubai Land Department. Updated 30 April 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 2,280 sqft
- Floor
- 5th of 14
- Parking
- B1-1384,1385
- Developer
- Seven Tides
- Completed
- 2010
- Service charge
- AED 52,700 /yr
- Last sold
- AED 6.02M · April 2024
- Building
- Oceana - Southern
About 405, Oceana - Southern
405 is a three-bedroom apartment of 2,280 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 30 April 2024 for AED 6,020,000, or AED 2,640 per sqft, 9% below the AED 2,886 three-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, renewed on 20 November 2022, is AED 176,400 a year: a gross yield of 2.9% on the 2024 price, before the service charge of about AED 52,700 a year.
Sales and rents for 405 over time
405 has sold twice; 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 405 sits
All 26 3-beds →405 last sold in April 2024 at AED 2,640 per sqft, 9% below what three-beds in Oceana - Southern were fetching at the time (AED 2,886). 405's AED 176,400 is at the bottom of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Oct 202410 October 2024 | 2,440 sqft | 9,300,000 | 3,811 | ||
| 10 Jun 202410 June 2024 | 2,280 sqft | 4,366,668 | 1,915 | ||
| 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 5th floor
All 92 units in Oceana - Southern| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,709 sqft | AED 3.15MAED 3,150,000 · Feb 2012February 2012 | 285,000 /yr | |
| 402 | 3-bed | 2,440 sqft | AED 6.8MAED 6,800,000 · Oct 2021October 2021 | ||
| 403 | 1-bed | 1,338 sqft | AED 2.7MAED 2,700,000 · Jul 2017July 2017 | 155,000 /yr | |
| 404 | 1-bed | 1,338 sqft | AED 2.3MAED 2,300,000 · Oct 2012October 2012 | 180,000 /yr | |
| 406 | 2-bed | 1,709 sqft | AED 3.7MAED 3,700,000 · Sep 2022September 2022 | 350,000 /yr |
405, Oceana - Southern in numbers
- Sold twice: first on 27 April 2011 for AED 3,195,307, last on 30 April 2024 for AED 6,020,000 (AED 2,640 per sqft).
- Rented since February 2014 on 9 Ejari contracts. The rent fell from AED 280,000 to AED 160,000 in 2020 and recovered to AED 176,400 by November 2022.
- At AED 176,400 a year the gross yield on the 2024 price is 2.9%, before a service charge of about AED 52,700 a year (AED 23.10 per sqft).
Source: Dubai Land Department. Updated 30 April 2024.
Questions about 405, Oceana - Southern
What did unit 405 last sell for?
AED 6,020,000 on 30 April 2024: AED 2,640 per sqft for 2,280 sqft. The unit has 2 registered sales; the first was AED 3,195,307 in April 2011.
What is the rent for unit 405?
AED 176,400 a year on the contract renewed on 20 November 2022. The previous contract, from November 2021, was AED 168,000; the unit has been rented since February 2014.
How big is unit 405?
2,280 sqft (211.8 sqm): a three-bedroom apartment on the 5th floor of a 14-storey tower completed in 2010.
What is unit 405 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 405, Oceana - Southern
Starts from the last sale price (AED 6.02M, 30 April 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 6,020,000
- Deposit, UAE resident (20%)
- AED 1,204,000
- Deposit, non-resident (40%)
- AED 2,408,000
- Monthly over 25 years at 3.7%
- AED 24,630
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →