706, Oceana - Southern
Sold prices and rental history: sold twice, last in August 2018, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 706, Oceana - Southern
What is 706 worth today?
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Source: Dubai Land Department. Updated 16 August 2018.
Key facts
- Type
- 2-bed apartment
- Size
- 1,709 sqft
- Floor
- 8th of 14
- Parking
- B1-1373
- Developer
- Seven Tides
- Completed
- 2010
- Service charge
- AED 39,500 /yr
- Last sold
- AED 3.25M · August 2018
- Building
- Oceana - Southern
About 706, Oceana - Southern
706 is a two-bedroom apartment of 1,709 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 16 August 2018 for AED 3,250,000, or AED 1,901 per sqft, 7% above the AED 1,784 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, renewed on 1 January 2017, is AED 171,000 a year: a gross yield of 5.3% on the 2018 price, before the service charge of about AED 39,500 a year.
Sales and rents for 706 over time
706 has sold twice; the dashed line is the two-bed median of each year in the building.
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 706 sits
All 30 2-beds →706 last sold in August 2018 at AED 1,901 per sqft, 7% above what two-beds in Oceana - Southern were fetching at the time (AED 1,784). 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. 706's AED 171,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 Aug 202614 August 2026 | 1,709 sqft | 4,950,000 | 2,896 | ||
| 8 May 20268 May 2026 | 1,709 sqft | 7,400,000 | 4,329 | ||
| 29 Aug 202429 August 2024 | 1,709 sqft | 4,700,000 | 2,749 | ||
| 20 Jun 202420 June 2024 | 2,444 sqft | 4,000,000 | 1,636 |
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 8th floor
All 92 units in Oceana - Southern| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 2-bed | 1,709 sqft | AED 2.63MAED 2,633,847 · Apr 2011April 2011 | 265,000 /yr | |
| 702 | 3-bed | 2,440 sqft | AED 3.4MAED 3,396,953 · Jan 2011January 2011 | ||
| 703 | 1-bed | 1,338 sqft | AED 3.85MAED 3,850,000 · May 2024May 2024 | 265,000 /yr | |
| 704 | 1-bed | 1,338 sqft | AED 1.91MAED 1,905,700 · Mar 2011March 2011 | 198,347 /yr | |
| 705 | 3-bed | 2,280 sqft | AED 5MAED 5,000,000 · May 2016May 2016 | 285,000 /yr |
706, Oceana - Southern in numbers
- Sold twice: first on 31 January 2011 for AED 2,633,847, last on 16 August 2018 for AED 3,250,000 (AED 1,901 per sqft).
- Rented since January 2013 on 5 Ejari contracts, from AED 155,000 to AED 171,000 a year.
- At AED 171,000 a year the gross yield on the 2018 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 16 August 2018.
Questions about 706, Oceana - Southern
What did unit 706 last sell for?
AED 3,250,000 on 16 August 2018: AED 1,901 per sqft for 1,709 sqft. The unit has 2 registered sales; the first was AED 2,633,847 in January 2011.
What is the rent for unit 706?
AED 171,000 a year on the contract renewed on 1 January 2017. The previous contract, from January 2016, was AED 171,000; the unit has been rented since January 2013.
How big is unit 706?
1,709 sqft (158.8 sqm): a two-bedroom apartment on the 8th floor of a 14-storey tower completed in 2010.
What is unit 706 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 706, Oceana - Southern
Starts from the last sale price (AED 3.25M, 16 August 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 3,250,000
- Deposit, UAE resident (20%)
- AED 650,000
- Deposit, non-resident (40%)
- AED 1,300,000
- Monthly over 25 years at 3.7%
- AED 13,297
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →