3-bed · 2,280 sqftOceana - Southern, Palm Jumeirah · 7th floor · completed 2010

605, Oceana - Southern

Sold prices and rental history: sold twice, last in June 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 605 · DLD and Ejari recordsUpdated 10 June 2024
Last soldAED 4.37M10 June 2024
Current rentAED 50K /yr1 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 605, Oceana - Southern

What is 605 worth today?

Last sold for AED 4,366,668 in 2024

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10 Jun 2024SoldReady
AED 4,366,668AED 1,915 per sqft
1 Jul 2022RentedNew contract · flagged as an outlier
AED 50,000/yr36 months · AED 22 per sqft
1 Jul 2022RentedNew contract
AED 50,000/yr36 months · AED 22 per sqft
1 Apr 2020RentedRenewal
AED 190,000/yr12 months · AED 83 per sqft
1 Apr 2019RentedRenewal
AED 200,000/yr12 months · AED 88 per sqft
1 Apr 2018RentedRenewal
AED 250,000/yr12 months · AED 110 per sqft
1 Apr 2017RentedNew contract
AED 250,000/yr12 months · AED 110 per sqft
27 Mar 2015RentedNew contract
AED 260,000/yr12 months · AED 114 per sqft

Source: Dubai Land Department. Updated 10 June 2024.

Key facts

Type
3-bed apartment
Size
2,280 sqft
Floor
7th of 14
Parking
B2-2360,2361
Developer
Seven Tides
Completed
2010
Service charge
AED 52,700 /yr
Last sold
AED 4.37M · June 2024

About 605, Oceana - Southern

605 is a three-bedroom apartment of 2,280 sqft on the 7th floor of Oceana - Southern, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 10 June 2024 for AED 4,366,668, or AED 1,915 per sqft, 31% below the AED 2,763 three-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, signed on 1 July 2022, is AED 50,000 a year: a gross yield of 1.1% on the 2024 price, before the service charge of about AED 52,700 a year.

Sales and rents for 605 over time

Sales
Unit 605, 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, April 2011: AED 3,350,419 (AED 1,469 per sqft)Sold, June 2024: AED 4,366,668 (AED 1,915 per sqft)

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

Rents
Unit 605, each contractTypical three-bed in Oceana - Southern
0200K400K2013201720212025Typical 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 375,000New contract, March 2015: AED 260,000 a yearNew contract, April 2017: AED 250,000 a yearRenewal, April 2018: AED 250,000 a yearRenewal, April 2019: AED 200,000 a yearRenewal, April 2020: AED 190,000 a yearNew contract, July 2022: AED 50,000 a year

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 605 sits

All 26 3-beds →

605 last sold in June 2024 at AED 1,915 per sqft, 31% below what three-beds in Oceana - Southern were fetching at the time (AED 2,763). 605's AED 50,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
10 Oct 20249,300,000
30 Apr 20246,020,000
2 Apr 20246,580,000
18 Jan 20248,999,999
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 7th floor

All 92 units in Oceana - Southern
Value
6012-bedAED 2.6M · Sep 2010
6023-bedAED 6.55M · May 2016
6031-bedAED 3M · Sep 2022
6041-bedAED 4.1M · Mar 2026
6062-bedAED 7.4M · May 2026

605, Oceana - Southern in numbers

  • Sold twice: first on 25 April 2011 for AED 3,350,419, last on 10 June 2024 for AED 4,366,668 (AED 1,915 per sqft).
  • Rented since March 2015 on 7 Ejari contracts, from AED 260,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2024 price is 1.1%, before a service charge of about AED 52,700 a year (AED 23.10 per sqft).

Source: Dubai Land Department. Updated 10 June 2024.

Questions about 605, Oceana - Southern

What did unit 605 last sell for?

AED 4,366,668 on 10 June 2024: AED 1,915 per sqft for 2,280 sqft. The unit has 2 registered sales; the first was AED 3,350,419 in April 2011.

What is the rent for unit 605?

AED 50,000 a year on the contract signed on 1 July 2022. The previous contract, from July 2022, was AED 50,000; the unit has been rented since March 2015.

How big is unit 605?

2,280 sqft (211.8 sqm): a three-bedroom apartment on the 7th floor of a 14-storey tower completed in 2010.

What is unit 605 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 605, Oceana - Southern

Starts from the last sale price (AED 4.37M, 10 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 4,366,668
Deposit, UAE resident (20%)
AED 873,334
Deposit, non-resident (40%)
AED 1,746,667
Monthly over 25 years at 3.7%
AED 17,865

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