3-bed · 2,440 sqftOceana - Southern, Palm Jumeirah · 6th floor · completed 2010

502, Oceana - Southern

Sold prices and rental history: sold twice, last in July 2012, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 1 July 2012
Last soldAED 6.5M1 July 2012
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 502, Oceana - Southern

What is 502 worth today?

Last sold for AED 6,500,000 in 2012

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1 Jul 2012SoldReady
AED 6,500,000AED 2,664 per sqft
28 Sep 2010Sold by developerReady
AED 3,303,886AED 1,354 per sqft

Source: Dubai Land Department. Updated 1 July 2012.

Key facts

Type
3-bed apartment
Size
2,440 sqft
Floor
6th of 14
Parking
B1-1423,1424
Developer
Seven Tides
Completed
2010
Service charge
AED 56,400 /yr
Last sold
AED 6.5M · July 2012

About 502, Oceana - Southern

502 is a three-bedroom apartment of 2,440 sqft on the 6th floor of Oceana - Southern, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 1 July 2012 for AED 6,500,000, or AED 2,664 per sqft, 3% above the AED 2,582 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 502 over time

Sales
Unit 502, 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, September 2010: AED 3,303,886 (AED 1,354 per sqft)Sold, July 2012: AED 6,500,000 (AED 2,664 per sqft)

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

Rents
Unit 502, 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 375,000

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 502 sits

All 26 3-beds →

502 last sold in July 2012 at AED 2,664 per sqft, 3% above what three-beds in Oceana - Southern were fetching at the time (AED 2,582).

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 6th floor

All 92 units in Oceana - Southern
Value
5012-bedAED 2.56M · Jan 2011
5031-bedAED 1.82M · Sep 2010
5041-bedAED 2.8M · Nov 2013
5053-bedAED 3.65M · Jul 2021
5062-bedAED 3.75M · Jun 2016

502, Oceana - Southern in numbers

  • Sold twice: first on 28 September 2010 for AED 3,303,886, last on 1 July 2012 for AED 6,500,000 (AED 2,664 per sqft).

Source: Dubai Land Department. Updated 1 July 2012.

Questions about 502, Oceana - Southern

What did unit 502 last sell for?

AED 6,500,000 on 1 July 2012: AED 2,664 per sqft for 2,440 sqft. The unit has 2 registered sales; the first was AED 3,303,886 in September 2010.

How big is unit 502?

2,440 sqft (226.7 sqm): a three-bedroom apartment on the 6th floor of a 14-storey tower completed in 2010.

What is unit 502 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 502, Oceana - Southern

Starts from the last sale price (AED 6.5M, 1 July 2012). Switch to today's estimate once you have unlocked it.
Price
AED 6,500,000
Deposit, UAE resident (20%)
AED 1,300,000
Deposit, non-resident (40%)
AED 2,600,000
Monthly over 25 years at 3.7%
AED 26,594

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