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1-bed · 879 sqftOcean Heights Tower, Dubai Marina · 12th floor · completed 2010

1205, Ocean Heights Tower

Sold prices and rental history: sold twice, last in May 2011, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1205 · DLD and Ejari recordsUpdated 6 May 2024
Last soldAED 859K30 May 2011
Current rentAED 90K /yr6 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1205, Ocean Heights Tower

What is 1205 worth today?

Last sold for AED 859,000 in 2011

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6 May 2024RentedNew contract
AED 90,000/yr12 months · AED 102 per sqft
12 Apr 2023RentedRenewal
AED 90,000/yr12 months · AED 102 per sqft
12 Apr 2022RentedNew contract
AED 75,000/yr12 months · AED 85 per sqft
1 Oct 2019RentedNew contract
AED 60,000/yr12 months · AED 68 per sqft
7 Jul 2017RentedNew contract
AED 85,000/yr12 months · AED 96 per sqft
4 Sep 2016RentedRenewal
AED 95,000/yr12 months · AED 108 per sqft
4 Sep 2015RentedNew contract
AED 95,000/yr12 months · AED 108 per sqft
30 May 2011SoldReady
AED 859,000AED 977 per sqft

Source: Dubai Land Department. Updated 6 May 2024.

Key facts

Type
1-bed apartment
Size
879 sqft
Floor
12th of 80
Parking
B2-16
Developer
DAMAC
Completed
2010
Service charge
AED 14,300 /yr
Last sold
AED 859K · May 2011
Building
Ocean Heights Tower

About 1205, Ocean Heights Tower

1205 is a one-bedroom apartment of 879 sqft on the 12th floor of Ocean Heights Tower, a 80-storey tower in Dubai Marina completed in 2010 by DAMAC. It last sold on 30 May 2011 for AED 859,000, or AED 977 per sqft, 24% below the AED 1,287 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, signed on 6 May 2024, is AED 90,000 a year: a gross yield of 10.5% on the 2011 price, before the service charge of about AED 14,300 a year.

Sales and rents for 1205 over time

Sales
Unit 1205, each saleTypical one-bed in Ocean Heights Tower
1M1.5M2009201420192024Typical sale price by year: 2009 AED 1,246,000; 2010 AED 1,715,000; 2011 AED 1,207,000; 2012 AED 1,121,294; 2013 AED 1,330,000; 2014 AED 1,560,000; 2015 AED 1,320,000; 2016 AED 1,370,000; 2017 AED 1,300,000; 2018 AED 1,237,500; 2019 AED 928,000; 2020 AED 750,000; 2021 AED 960,000; 2022 AED 1,150,000; 2023 AED 1,300,000; 2024 AED 1,380,000; 2025 AED 1,365,000; 2026 AED 1,625,000Sold by developer, July 2009: AED 859,000 (AED 977 per sqft)Sold, May 2011: AED 859,000 (AED 977 per sqft)

1205 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1205, each contractTypical one-bed in Ocean Heights Tower
75K100K2012201620202024Typical rent by year: 2012 AED 70,000; 2013 AED 80,000; 2014 AED 95,000; 2015 AED 105,000; 2016 AED 100,535; 2017 AED 95,000; 2018 AED 89,000; 2019 AED 78,000; 2020 AED 66,000; 2021 AED 65,000; 2022 AED 73,500; 2023 AED 87,500; 2024 AED 95,000; 2025 AED 95,000; 2026 AED 104,500New contract, September 2015: AED 95,000 a yearRenewal, September 2016: AED 95,000 a yearNew contract, July 2017: AED 85,000 a yearNew contract, October 2019: AED 60,000 a yearNew contract, April 2022: AED 75,000 a yearRenewal, April 2023: AED 90,000 a yearNew contract, May 2024: AED 90,000 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 Ocean Heights Tower, and where 1205 sits

All 282 1-beds →

1205 last sold in May 2011 at AED 977 per sqft, 24% below what one-beds in Ocean Heights Tower were fetching at the time (AED 1,287). Over the last 12 months one-beds sold for AED 1,365,000 to 1,625,000, around AED 1,480 per sqft, and rent for AED 79,406 to 175,000 a year. 1205's AED 90,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
12 Feb 20261,625,000
5 Feb 20261,500,000
4 Feb 20261,625,000
29 Dec 20251,365,000
4 1-bed sales in the last 12 months

Ocean Heights Tower

Building

581 apartments, 1-bed to 5-bed over 80 floors in Dubai Marina, completed in 2010 by DAMAC. 9 sold in the last 12 months.

Typical price per sqft
AED 1,754
Typical sale
AED 2.1M
Typical rent
AED 130K /yr
Typical yield
5.8%
Ocean Heights Tower, Dubai Marina: prices, sales and rents →

Other units on the 12th floor

All 581 units in Ocean Heights Tower
Value
1201AED 2.3M · Sep 2024
12021-bedAED 1.34M · Feb 2011
12031-bedAED 1.1M · Oct 2022
12041-bedAED 1.4M · Apr 2024
12061-bedAED 1.28M · Jun 2024
12072-bedAED 950K · Nov 2020
12082-bedAED 1.86M · Oct 2013
1–7 of 19

1205, Ocean Heights Tower in numbers

  • Sold twice: first on 8 July 2009 for AED 859,000, last on 30 May 2011 for AED 859,000 (AED 977 per sqft).
  • Rented since September 2015 on 7 Ejari contracts. The rent fell from AED 95,000 to AED 60,000 in 2019 and recovered to AED 90,000 by May 2024.
  • At AED 90,000 a year the gross yield on the 2011 price is 10.5%, before a service charge of about AED 14,300 a year (AED 16.32 per sqft).
  • One-beds in Ocean Heights Tower sold for AED 1,365,000–1,625,000 in the 12 months to November 2026; the building's median across all types is AED 1,754 per sqft.

Source: Dubai Land Department. Updated 6 May 2024.

Questions about 1205, Ocean Heights Tower

What did unit 1205 last sell for?

AED 859,000 on 30 May 2011: AED 977 per sqft for 879 sqft. The unit has 2 registered sales; the first was AED 859,000 in July 2009.

What is the rent for unit 1205?

AED 90,000 a year on the contract signed on 6 May 2024. The previous contract, from April 2023, was AED 90,000; the unit has been rented since September 2015.

How big is unit 1205?

879 sqft (81.7 sqm): a one-bedroom apartment on the 12th floor of a 80-storey tower completed in 2010.

What is unit 1205 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Ocean Heights Tower sold for AED 1,365,000 to 1,625,000 in the last 12 months, around AED 1,480 per sqft.

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Mortgage on 1205, Ocean Heights Tower

Starts from the last sale price (AED 859K, 30 May 2011). Switch to today's estimate once you have unlocked it.
Price
AED 859,000
Deposit, UAE resident (20%)
AED 171,800
Deposit, non-resident (40%)
AED 343,600
Monthly over 25 years at 3.7%
AED 3,514

Plus AED 41,088 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →