1-bed · 1,691 sqftOceana - Southern, Palm Jumeirah · Ground floor · completed 2010

G02, Oceana - Southern

Sold prices and rental history: sold twice, last in November 2014, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit G02 · DLD and Ejari recordsUpdated 10 December 2022
Last soldAED 2.5M24 November 2014
Current rentAED 150K /yr10 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for G02, Oceana - Southern

What is G02 worth today?

Last sold for AED 2,500,000 in 2014

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10 Dec 2022RentedRenewal
AED 150,000/yr12 months · AED 89 per sqft
10 Dec 2021RentedRenewal
AED 150,000/yr12 months · AED 89 per sqft
10 Dec 2020RentedRenewal
AED 100,000/yr12 months · AED 59 per sqft
10 Dec 2019RentedNew contract
AED 100,000/yr12 months · AED 59 per sqft
9 Dec 2018RentedNew contract
AED 112,000/yr12 months · AED 66 per sqft
30 Nov 2017RentedNew contract
AED 155,000/yr12 months · AED 92 per sqft
14 Sep 2015RentedNew contract
AED 155,000/yr12 months · AED 92 per sqft
24 Nov 2014SoldReady
AED 2,500,000AED 1,478 per sqft

Source: Dubai Land Department. Updated 10 December 2022.

Key facts

Type
1-bed apartment
Size
1,691 sqft
Floor
Ground of 14
Parking
B1-1345
Developer
Seven Tides
Completed
2010
Service charge
AED 39,100 /yr
Last sold
AED 2.5M · November 2014

About G02, Oceana - Southern

G02 is a one-bedroom apartment of 1,691 sqft on the ground floor of Oceana - Southern, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 24 November 2014 for AED 2,500,000, or AED 1,478 per sqft, 16% below the AED 1,767 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, renewed on 10 December 2022, is AED 150,000 a year: a gross yield of 6.0% on the 2014 price, before the service charge of about AED 39,100 a year.

Sales and rents for G02 over time

Sales
Unit G02, each saleTypical one-bed in Oceana - Southern
2M3M4M2010201520202025Typical sale price by year: 2010 AED 1,946,048; 2011 AED 1,707,060; 2012 AED 1,807,680; 2013 AED 2,025,000; 2014 AED 2,500,000; 2015 AED 2,075,000; 2017 AED 2,625,000; 2022 AED 2,459,689; 2023 AED 2,743,500; 2024 AED 3,655,000; 2026 AED 3,750,000Sold by developer, January 2011: AED 1,675,000 (AED 990 per sqft)Sold, November 2014: AED 2,500,000 (AED 1,478 per sqft)

G02 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit G02, each contractTypical one-bed in Oceana - Southern
100K150K200K2012201620202024Typical rent by year: 2012 AED 131,750; 2013 AED 140,000; 2014 AED 152,500; 2015 AED 155,000; 2016 AED 157,500; 2017 AED 150,000; 2018 AED 132,500; 2019 AED 125,000; 2020 AED 110,000; 2021 AED 115,000; 2022 AED 140,000; 2023 AED 150,000; 2024 AED 164,149; 2025 AED 195,424; 2026 AED 175,000New contract, September 2015: AED 155,000 a yearNew contract, November 2017: AED 155,000 a yearNew contract, December 2018: AED 112,000 a yearNew contract, December 2019: AED 100,000 a yearRenewal, December 2020: AED 100,000 a yearRenewal, December 2021: AED 150,000 a yearRenewal, December 2022: AED 150,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Oceana - Southern, and where G02 sits

All 34 1-beds →

G02 last sold in November 2014 at AED 1,478 per sqft, 16% below what one-beds in Oceana - Southern were fetching at the time (AED 1,767). Over the last 12 months one-beds sold for AED 3,500,000 to 4,100,000, around AED 2,802 per sqft, and rent for AED 55,000 to 425,000 a year. G02's AED 150,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
9 Oct 20263,750,000
11 May 20263,500,000
31 Mar 20264,100,000
11 Sep 20253,500,000
3 1-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 ground floor

All 92 units in Oceana - Southern
Value
G012-bedAED 2.2M · Mar 2011
G031-bedAED 2.1M · Sep 2015
G041-bedAED 3.5M · May 2026
G051-bedAED 2.75M · Dec 2023
G061-bedAED 2.14M · Apr 2023
G071-bedAED 3.66M · Nov 2024
G082-bedAED 3.93M · Dec 2022

G02, Oceana - Southern in numbers

  • Sold twice: first on 2 January 2011 for AED 1,675,000, last on 24 November 2014 for AED 2,500,000 (AED 1,478 per sqft).
  • Rented since September 2015 on 7 Ejari contracts. The rent fell from AED 155,000 to AED 100,000 in 2020 and recovered to AED 150,000 by December 2022.
  • At AED 150,000 a year the gross yield on the 2014 price is 6.0%, before a service charge of about AED 39,100 a year (AED 23.10 per sqft).
  • One-beds in Oceana - Southern sold for AED 3,500,000–4,100,000 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 10 December 2022.

Questions about G02, Oceana - Southern

What did unit G02 last sell for?

AED 2,500,000 on 24 November 2014: AED 1,478 per sqft for 1,691 sqft. The unit has 2 registered sales; the first was AED 1,675,000 in January 2011.

What is the rent for unit G02?

AED 150,000 a year on the contract renewed on 10 December 2022. The previous contract, from December 2021, was AED 150,000; the unit has been rented since September 2015.

How big is unit G02?

1,691 sqft (157.1 sqm): a one-bedroom apartment on the ground floor of a 14-storey tower completed in 2010.

What is unit G02 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Oceana - Southern sold for AED 3,500,000 to 4,100,000 in the last 12 months, around AED 2,802 per sqft.

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Mortgage on G02, Oceana - Southern

Starts from the last sale price (AED 2.5M, 24 November 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,500,000
Deposit, UAE resident (20%)
AED 500,000
Deposit, non-resident (40%)
AED 1,000,000
Monthly over 25 years at 3.7%
AED 10,228

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