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3-bed · 2,280 sqftOceana - Southern, Palm Jumeirah · 8th floor · completed 2010

705, Oceana - Southern

Sold prices and rental history: sold twice, last in May 2016, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 705 · DLD and Ejari recordsUpdated 19 May 2016
Last soldAED 5M19 May 2016
Current rentAED 285K /yr26 July 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 705, Oceana - Southern

What is 705 worth today?

Last sold for AED 5,000,000 in 2016

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19 May 2016SoldReady
AED 5,000,000AED 2,193 per sqft
26 Jul 2015RentedNew contract
AED 285,000/yr12 months · AED 125 per sqft
26 Jul 2014RentedNew contract
AED 285,000/yr12 months · AED 125 per sqft
23 Mar 2011Sold by developerReady
AED 3,396,953AED 1,489 per sqft

Source: Dubai Land Department. Updated 19 May 2016.

Key facts

Type
3-bed apartment
Size
2,280 sqft
Floor
8th of 14
Parking
B1-1369,1368
Developer
Seven Tides
Completed
2010
Service charge
AED 52,700 /yr
Last sold
AED 5M · May 2016
Building
Oceana - Southern

About 705, Oceana - Southern

705 is a three-bedroom apartment of 2,280 sqft on the 8th floor of Oceana - Southern, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 19 May 2016 for AED 5,000,000, or AED 2,193 per sqft, 18% below the AED 2,684 three-beds in the building were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, signed on 26 July 2015, is AED 285,000 a year: a gross yield of 5.7% on the 2016 price, before the service charge of about AED 52,700 a year.

Sales and rents for 705 over time

Sales
Unit 705, 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, March 2011: AED 3,396,953 (AED 1,489 per sqft)Sold, May 2016: AED 5,000,000 (AED 2,193 per sqft)

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

Rents
Unit 705, 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 375,000New contract, July 2014: AED 285,000 a yearNew contract, July 2015: AED 285,000 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 705 sits

All 26 3-beds →

705 last sold in May 2016 at AED 2,193 per sqft, 18% below what three-beds in Oceana - Southern were fetching at the time (AED 2,684). 705's AED 285,000 is at the bottom of that range.

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 8th floor

All 92 units in Oceana - Southern
Value
7012-bedAED 2.63M · Apr 2011
7023-bedAED 3.4M · Jan 2011
7031-bedAED 3.85M · May 2024
7041-bedAED 1.91M · Mar 2011
7062-bedAED 3.25M · Aug 2018

705, Oceana - Southern in numbers

  • Sold twice: first on 23 March 2011 for AED 3,396,953, last on 19 May 2016 for AED 5,000,000 (AED 2,193 per sqft).
  • Rented since July 2014 on 2 Ejari contracts, at AED 285,000 a year.
  • At AED 285,000 a year the gross yield on the 2016 price is 5.7%, before a service charge of about AED 52,700 a year (AED 23.10 per sqft).

Source: Dubai Land Department. Updated 19 May 2016.

Questions about 705, Oceana - Southern

What did unit 705 last sell for?

AED 5,000,000 on 19 May 2016: AED 2,193 per sqft for 2,280 sqft. The unit has 2 registered sales; the first was AED 3,396,953 in March 2011.

What is the rent for unit 705?

AED 285,000 a year on the contract signed on 26 July 2015. The previous contract, from July 2014, was AED 285,000.

How big is unit 705?

2,280 sqft (211.8 sqm): a three-bedroom apartment on the 8th floor of a 14-storey tower completed in 2010.

What is unit 705 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 705, Oceana - Southern

Starts from the last sale price (AED 5M, 19 May 2016). Switch to today's estimate once you have unlocked it.
Price
AED 5,000,000
Deposit, UAE resident (20%)
AED 1,000,000
Deposit, non-resident (40%)
AED 2,000,000
Monthly over 25 years at 3.7%
AED 20,457

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