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2-bed · 2,444 sqftOceana - Southern, Palm Jumeirah · -1th floor · completed 2010

PR02, Oceana - Southern

Sold prices and rental history: sold 6 times, last in June 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit PR02 · DLD and Ejari recordsUpdated 20 June 2024
Last soldAED 4M20 June 2024
Current rentAED 165K /yr22 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for PR02, Oceana - Southern

What is PR02 worth today?

Last sold for AED 4,000,000 in 2024

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20 Jun 2024SoldReady
AED 4,000,000AED 1,636 per sqft
28 May 2024SoldReady
AED 4,296,648AED 1,758 per sqft
22 Aug 2022RentedRenewal
AED 165,000/yr12 months · AED 68 per sqft
22 Aug 2021RentedNew contract
AED 155,000/yr12 months · AED 63 per sqft
1 Dec 2019RentedNew contract
AED 170,000/yr15 months · AED 70 per sqft
7 Nov 2018RentedNew contract
AED 170,000/yr12 months · AED 70 per sqft
14 Dec 2017SoldReady
AED 3,000,000AED 1,227 per sqft
15 Nov 2017SoldReady
AED 3,000,000AED 1,227 per sqft

Source: Dubai Land Department. Updated 20 June 2024.

Key facts

Type
2-bed apartment
Size
2,444 sqft
Floor
-1th of 14
Parking
B1-1A4-4,1A4-5
Developer
Seven Tides
Completed
2010
Service charge
AED 56,500 /yr
Last sold
AED 4M · June 2024
Building
Oceana - Southern

About PR02, Oceana - Southern

PR02 is a two-bedroom apartment of 2,444 sqft on the -1th floor of Oceana - Southern, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 20 June 2024 for AED 4,000,000, or AED 1,636 per sqft, 30% below the AED 2,348 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 22 August 2022, is AED 165,000 a year: a gross yield of 4.1% on the 2024 price, before the service charge of about AED 56,500 a year.

Sales and rents for PR02 over time

Sales
Unit PR02, 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, September 2012: AED 2,444,000 (AED 1,000 per sqft)Sold, June 2017: AED 3,421,219 (AED 1,399 per sqft)Sold, November 2017: AED 3,000,000 (AED 1,227 per sqft)Sold, December 2017: AED 3,000,000 (AED 1,227 per sqft)Sold, May 2024: AED 4,296,648 (AED 1,758 per sqft)Sold, June 2024: AED 4,000,000 (AED 1,636 per sqft)

PR02 has sold 6 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit PR02, each contractTypical two-bed in Oceana - Southern
200K300K2013201720212025Typical 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 2013: AED 192,000 a yearNew contract, March 2014: AED 192,000 a yearNew contract, January 2015: AED 160,000 a yearRenewal, January 2016: AED 182,951 a yearRenewal, January 2017: AED 179,517 a yearNew contract, November 2017: AED 175,000 a yearNew contract, November 2018: AED 170,000 a yearNew contract, December 2019: AED 170,000 a yearNew contract, August 2021: AED 155,000 a yearRenewal, August 2022: AED 165,000 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 PR02 sits

All 30 2-beds →

PR02 last sold in June 2024 at AED 1,636 per sqft, 30% below what two-beds in Oceana - Southern were fetching at the time (AED 2,348). 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. PR02's AED 165,000 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
13 May 20244,150,000
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
5.3%
Oceana - Southern, Palm Jumeirah: prices, sales and rents →

Other units on the -1th floor

All 92 units in Oceana - Southern
Value
PR011-bedAED 1.8M · Nov 2021
PR032-bedAED 3.5M · Dec 2013
PR041-bedAED 1.5M · Jun 2020

PR02, Oceana - Southern in numbers

  • Sold 6 times: first on 23 September 2012 for AED 2,444,000, last on 20 June 2024 for AED 4,000,000 (AED 1,636 per sqft).
  • Rented since March 2013 on 10 Ejari contracts, from AED 192,000 to AED 165,000 a year.
  • At AED 165,000 a year the gross yield on the 2024 price is 4.1%, before a service charge of about AED 56,500 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 20 June 2024.

Questions about PR02, Oceana - Southern

What did unit PR02 last sell for?

AED 4,000,000 on 20 June 2024: AED 1,636 per sqft for 2,444 sqft. The unit has 6 registered sales; the first was AED 2,444,000 in September 2012.

What is the rent for unit PR02?

AED 165,000 a year on the contract renewed on 22 August 2022. The previous contract, from August 2021, was AED 155,000; the unit has been rented since March 2013.

How big is unit PR02?

2,444 sqft (227.1 sqm): a two-bedroom apartment on the -1th floor of a 14-storey tower completed in 2010.

What is unit PR02 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 PR02, Oceana - Southern

Starts from the last sale price (AED 4M, 20 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 4,000,000
Deposit, UAE resident (20%)
AED 800,000
Deposit, non-resident (40%)
AED 1,600,000
Monthly over 25 years at 3.7%
AED 16,365

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