2-bed · 1,709 sqftOceana - Southern, Palm Jumeirah · 10th floor · completed 2010

901, Oceana - Southern

Sold prices and rental history: sold 3 times, last in June 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 901 · DLD and Ejari recordsUpdated 12 June 2023
Last soldAED 4.5M12 June 2023
Current rentAED 185K /yr22 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 901, Oceana - Southern

What is 901 worth today?

Last sold for AED 4,500,000 in 2023

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12 Jun 2023SoldReady
AED 4,500,000AED 2,632 per sqft
22 Aug 2022RentedRenewal
AED 185,000/yr12 months · AED 108 per sqft
22 Aug 2021RentedNew contract
AED 185,000/yr12 months · AED 108 per sqft
18 Aug 2020RentedNew contract
AED 127,000/yr12 months · AED 74 per sqft
29 Mar 2019RentedRenewal
AED 165,000/yr12 months · AED 96 per sqft
29 Mar 2018RentedNew contract
AED 180,000/yr12 months · AED 105 per sqft
2 Mar 2017RentedRenewal
AED 210,000/yr12 months · AED 123 per sqft
2 Mar 2016RentedRenewal
AED 240,000/yr12 months · AED 140 per sqft

Source: Dubai Land Department. Updated 12 June 2023.

Key facts

Type
2-bed apartment
Size
1,709 sqft
Floor
10th of 14
Parking
B1-1409
Developer
Seven Tides
Completed
2010
Service charge
AED 39,500 /yr
Last sold
AED 4.5M · June 2023

About 901, Oceana - Southern

901 is a two-bedroom apartment of 1,709 sqft on the 10th floor of Oceana - Southern, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 12 June 2023 for AED 4,500,000, or AED 2,632 per sqft, 26% above the AED 2,086 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, renewed on 22 August 2022, is AED 185,000 a year: a gross yield of 4.1% on the 2023 price, before the service charge of about AED 39,500 a year.

Sales and rents for 901 over time

Sales
Unit 901, 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, October 2010: AED 2,706,008 (AED 1,583 per sqft)Sold, September 2013: AED 4,000,000 (AED 2,340 per sqft)Sold, June 2023: AED 4,500,000 (AED 2,632 per sqft)

901 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 901, each contractTypical two-bed in Oceana - Southern
100K200K300K2013201720212025Typical 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, March 2014: AED 234,370 a yearRenewal, March 2015: AED 247,423 a yearRenewal, March 2016: AED 240,000 a yearRenewal, March 2017: AED 210,000 a yearNew contract, March 2018: AED 180,000 a yearRenewal, March 2019: AED 165,000 a yearNew contract, August 2020: AED 127,000 a yearNew contract, August 2021: AED 185,000 a yearRenewal, August 2022: AED 185,000 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 901 sits

All 30 2-beds →

901 last sold in June 2023 at AED 2,632 per sqft, 26% above what two-beds in Oceana - Southern were fetching at the time (AED 2,086). 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. 901's AED 185,000 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 10th floor

All 92 units in Oceana - Southern
Value
9023-bedAED 4.85M · Oct 2020
9031-bedAED 1.92M · Apr 2011
9041-bedAED 3.38M · Sep 2022
9053-bedAED 5.98M · Sep 2022
9062-bedAED 3.95M · Apr 2023

901, Oceana - Southern in numbers

  • Sold 3 times: first on 11 October 2010 for AED 2,706,008, last on 12 June 2023 for AED 4,500,000 (AED 2,632 per sqft).
  • Rented since March 2014 on 9 Ejari contracts. The rent fell from AED 234,370 to AED 127,000 in 2020 and recovered to AED 185,000 by August 2022.
  • At AED 185,000 a year the gross yield on the 2023 price is 4.1%, 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 12 June 2023.

Questions about 901, Oceana - Southern

What did unit 901 last sell for?

AED 4,500,000 on 12 June 2023: AED 2,632 per sqft for 1,709 sqft. The unit has 3 registered sales; the first was AED 2,706,008 in October 2010.

What is the rent for unit 901?

AED 185,000 a year on the contract renewed on 22 August 2022. The previous contract, from August 2021, was AED 185,000; the unit has been rented since March 2014.

How big is unit 901?

1,709 sqft (158.8 sqm): a two-bedroom apartment on the 10th floor of a 14-storey tower completed in 2010.

What is unit 901 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 901, Oceana - Southern

Starts from the last sale price (AED 4.5M, 12 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 4,500,000
Deposit, UAE resident (20%)
AED 900,000
Deposit, non-resident (40%)
AED 1,800,000
Monthly over 25 years at 3.7%
AED 18,411

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