505, Ocean Point 1
Sold prices and rental history: sold once, by the developer in May 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Ocean Point 1
What is 505 worth today?
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Source: Dubai Land Department. Updated 3 May 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 806 sqft
- Floor
- 5th of 8
- Parking
- 1
- Last sold
- AED 1.71M · May 2024
- Building
- Ocean Point 1
About 505, Ocean Point 1
505 is a one-bedroom apartment of 806 sqft on the 5th floor of Ocean Point 1, a 8-storey tower in Al Mina. The developer sold it on 3 May 2024 for AED 1,708,888, or AED 2,121 per sqft, 4% below the AED 2,215 one-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
1-beds in Ocean Point 1, and where 505 sits
All 45 1-beds →505 last sold in May 2024 at AED 2,121 per sqft, 4% below what one-beds in Ocean Point 1 were fetching at the time (AED 2,215).
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 8 Jul 20248 July 2024 | 972 sqft | 1,826,888 | 1,878 | ||
| 5 Jul 20245 July 2024 | 789 sqft | 1,662,888 | 2,108 | ||
| 11 Jun 202411 June 2024 | 788 sqft | 1,745,888 | 2,215 | ||
| 29 May 202429 May 2024 | 806 sqft | 1,844,888 | 2,289 |
Ocean Point 1
Building89 apartments, 1-bed to 3-bed over 8 floors in Al Mina. No sale in the last 12 months.
- Typical price per sqft
- Few sales
- Typical sale
- Few sales
- Typical rent
- Few contracts
- Typical yield
Other units on the 5th floor
All 89 units in Ocean Point 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 806 sqft | AED 1.79MAED 1,793,888 · May 2024May 2024 | ||
| 502 | 1-bed | 789 sqft | AED 1.75MAED 1,752,888 · May 2024May 2024 | ||
| 503 | 3-bed | 1,608 sqft | AED 3.35MAED 3,346,888 · May 2024May 2024 | ||
| 504 | 2-bed | 1,273 sqft | AED 2.49MAED 2,493,888 · May 2024May 2024 | ||
| 506 | 1-bed | 789 sqft | AED 1.67MAED 1,668,888 · May 2024May 2024 | ||
| 507 | 2-bed | 1,255 sqft | AED 2.58MAED 2,575,888 · May 2024May 2024 | ||
| 508 | 2-bed | 1,255 sqft | AED 2.82MAED 2,820,888 · May 2024May 2024 | ||
| 509 | 1-bed | 805 sqft | AED 1.96MAED 1,963,888 · May 2024May 2024 | ||
| 510 | 2-bed | 1,274 sqft | AED 2.87MAED 2,866,888 · May 2024May 2024 | ||
| 511 | 3-bed | 1,608 sqft | AED 3.38MAED 3,378,888 · May 2024May 2024 | ||
| 512 | 1-bed | 788 sqft | AED 1.75MAED 1,752,888 · May 2024May 2024 |
505, Ocean Point 1 in numbers
- Sold once: by the developer on 3 May 2024 for AED 1,708,888, or AED 2,121 per sqft.
Source: Dubai Land Department. Updated 3 May 2024.
Questions about 505, Ocean Point 1
What did unit 505 last sell for?
AED 1,708,888 on 3 May 2024, sold by the developer: AED 2,121 per sqft for 806 sqft. It is the only registered sale of the unit.
How big is unit 505?
806 sqft (74.9 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower.
What is unit 505 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 505, Ocean Point 1
Starts from the last sale price (AED 1.71M, 3 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,708,888
- Deposit, UAE resident (20%)
- AED 341,778
- Deposit, non-resident (40%)
- AED 683,555
- Monthly over 25 years at 3.7%
- AED 6,992
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →