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2-bed · 1,709 sqftOceana - Southern, Palm Jumeirah · 6th floor · completed 2010

506, Oceana - Southern

Sold prices and rental history: sold twice, last in June 2016, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 506 · DLD and Ejari recordsUpdated 1 March 2022
Last soldAED 3.75M8 June 2016
Current rentAED 200K /yr1 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 506, Oceana - Southern

What is 506 worth today?

Last sold for AED 3,750,000 in 2016

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1 Mar 2022RentedNew contract
AED 200,000/yr12 months · AED 117 per sqft
8 Jun 2016SoldReady
AED 3,750,000AED 2,193 per sqft
5 May 2013RentedNew contract
AED 200,000/yr12 months · AED 117 per sqft
16 Dec 2010Sold by developerReady
AED 2,561,687AED 1,498 per sqft

Source: Dubai Land Department. Updated 1 March 2022.

Key facts

Type
2-bed apartment
Size
1,709 sqft
Floor
6th of 14
Parking
B1-1357
Developer
Seven Tides
Completed
2010
Service charge
AED 39,500 /yr
Last sold
AED 3.75M · June 2016
Building
Oceana - Southern

About 506, Oceana - Southern

506 is a two-bedroom apartment of 1,709 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 8 June 2016 for AED 3,750,000, or AED 2,193 per sqft, in line with the AED 2,193 two-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 1 March 2022, is AED 200,000 a year: a gross yield of 5.3% on the 2016 price, before the service charge of about AED 39,500 a year.

Sales and rents for 506 over time

Sales
Unit 506, 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 2,561,687 (AED 1,498 per sqft)Sold, June 2016: AED 3,750,000 (AED 2,193 per sqft)

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

Rents
Unit 506, 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, May 2013: AED 200,000 a yearNew contract, March 2022: AED 200,000 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 506 sits

All 30 2-beds →

506 last sold in June 2016 at AED 2,193 per sqft, in line with what two-beds in Oceana - Southern were fetching at the time (AED 2,193). 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. 506's AED 200,000 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 6th floor

All 92 units in Oceana - Southern
Value
5012-bedAED 2.56M · Jan 2011
5023-bedAED 6.5M · Jul 2012
5031-bedAED 1.82M · Sep 2010
5041-bedAED 2.8M · Nov 2013
5053-bedAED 3.65M · Jul 2021

506, Oceana - Southern in numbers

  • Sold twice: first on 16 December 2010 for AED 2,561,687, last on 8 June 2016 for AED 3,750,000 (AED 2,193 per sqft).
  • Rented since May 2013 on 2 Ejari contracts, at AED 200,000 a year.
  • At AED 200,000 a year the gross yield on the 2016 price is 5.3%, 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 March 2022.

Questions about 506, Oceana - Southern

What did unit 506 last sell for?

AED 3,750,000 on 8 June 2016: AED 2,193 per sqft for 1,709 sqft. The unit has 2 registered sales; the first was AED 2,561,687 in December 2010.

What is the rent for unit 506?

AED 200,000 a year on the contract signed on 1 March 2022. The previous contract, from May 2013, was AED 200,000.

How big is unit 506?

1,709 sqft (158.8 sqm): a two-bedroom apartment on the 6th floor of a 14-storey tower completed in 2010.

What is unit 506 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 506, Oceana - Southern

Starts from the last sale price (AED 3.75M, 8 June 2016). Switch to today's estimate once you have unlocked it.
Price
AED 3,750,000
Deposit, UAE resident (20%)
AED 750,000
Deposit, non-resident (40%)
AED 1,500,000
Monthly over 25 years at 3.7%
AED 15,342

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