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2-bed · 1,299 sqftOcean Heights Tower, Dubai Marina · 12th floor · completed 2010

1207, Ocean Heights Tower

Sold prices and rental history: sold 3 times, last in November 2020, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1207 · DLD and Ejari recordsUpdated 30 November 2020
Last soldAED 950K30 November 2020
Current rentAED 80K /yr5 September 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1207, Ocean Heights Tower

What is 1207 worth today?

Last sold for AED 950,000 in 2020

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30 Nov 2020SoldReady
AED 950,000AED 731 per sqft
5 Sep 2019RentedNew contract
AED 80,000/yr12 months · AED 61 per sqft
20 Nov 2017RentedNew contract
AED 125,000/yr12 months · AED 96 per sqft
20 Jun 2014RentedNew contract
AED 135,000/yr12 months · AED 104 per sqft
29 May 2011SoldReady
AED 1,253,000AED 964 per sqft
8 Jul 2009Sold by developerOff-plan
AED 1,253,000AED 964 per sqft

Source: Dubai Land Department. Updated 30 November 2020.

Key facts

Type
2-bed apartment
Size
1,299 sqft
Floor
12th of 80
Parking
B3-69
Developer
DAMAC
Completed
2010
Service charge
AED 21,200 /yr
Last sold
AED 950K · November 2020
Building
Ocean Heights Tower

About 1207, Ocean Heights Tower

1207 is a two-bedroom apartment of 1,299 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 November 2020 for AED 950,000, or AED 731 per sqft, in line with the AED 748 two-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, signed on 5 September 2019, is AED 80,000 a year: a gross yield of 8.4% on the 2020 price, before the service charge of about AED 21,200 a year.

Sales and rents for 1207 over time

Sales
Unit 1207, each saleTypical two-bed in Ocean Heights Tower
1M2M3M2009201420192024Typical sale price by year: 2009 AED 2,063,000; 2010 AED 2,329,625; 2011 AED 2,062,500; 2012 AED 1,860,000; 2013 AED 2,137,800; 2014 AED 2,800,000; 2015 AED 2,000,000; 2016 AED 2,012,500; 2017 AED 1,995,000; 2018 AED 1,997,500; 2019 AED 1,250,000; 2020 AED 950,000; 2021 AED 1,225,000; 2022 AED 1,800,000; 2023 AED 1,800,000; 2024 AED 2,050,000; 2025 AED 2,332,268Sold by developer, July 2009: AED 1,253,000 (AED 964 per sqft)Sold, May 2011: AED 1,253,000 (AED 964 per sqft)Sold, November 2020: AED 950,000 (AED 731 per sqft)

1207 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1207, each contractTypical two-bed in Ocean Heights Tower
100K150K2012201620202024Typical rent by year: 2012 AED 110,000; 2013 AED 119,679; 2014 AED 140,000; 2015 AED 146,000; 2016 AED 140,000; 2017 AED 135,000; 2018 AED 120,000; 2019 AED 105,000; 2020 AED 87,000; 2021 AED 85,625; 2022 AED 97,000; 2023 AED 115,000; 2024 AED 121,000; 2025 AED 130,000; 2026 AED 150,000New contract, June 2014: AED 135,000 a yearNew contract, November 2017: AED 125,000 a yearNew contract, September 2019: AED 80,000 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 Ocean Heights Tower, and where 1207 sits

All 196 2-beds →

1207 last sold in November 2020 at AED 731 per sqft, in line with what two-beds in Ocean Heights Tower were fetching at the time (AED 748). Over the last 12 months two-beds sold for AED 2,100,000 to 3,100,000, around AED 1,819 per sqft, and rent for AED 113,400 to 200,000 a year. 1207's AED 80,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
3 Feb 20262,100,000
12 Jan 20262,800,000
26 Jun 20252,150,000
10 Jun 20252,314,535
3 2-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
12051-bedAED 859K · May 2011
12061-bedAED 1.28M · Jun 2024
12082-bedAED 1.86M · Oct 2013
1–7 of 19

1207, Ocean Heights Tower in numbers

  • Sold 3 times: first on 8 July 2009 for AED 1,253,000, last on 30 November 2020 for AED 950,000 (AED 731 per sqft).
  • Rented since June 2014 on 3 Ejari contracts, from AED 135,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2020 price is 8.4%, before a service charge of about AED 21,200 a year (AED 16.32 per sqft).
  • Two-beds in Ocean Heights Tower sold for AED 2,100,000–3,100,000 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 30 November 2020.

Questions about 1207, Ocean Heights Tower

What did unit 1207 last sell for?

AED 950,000 on 30 November 2020: AED 731 per sqft for 1,299 sqft. The unit has 3 registered sales; the first was AED 1,253,000 in July 2009.

What is the rent for unit 1207?

AED 80,000 a year on the contract signed on 5 September 2019. The previous contract, from November 2017, was AED 125,000; the unit has been rented since June 2014.

How big is unit 1207?

1,299 sqft (120.7 sqm): a two-bedroom apartment on the 12th floor of a 80-storey tower completed in 2010.

What is unit 1207 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Ocean Heights Tower sold for AED 2,100,000 to 3,100,000 in the last 12 months, around AED 1,819 per sqft.

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Mortgage on 1207, Ocean Heights Tower

Starts from the last sale price (AED 950K, 30 November 2020). Switch to today's estimate once you have unlocked it.
Price
AED 950,000
Deposit, UAE resident (20%)
AED 190,000
Deposit, non-resident (40%)
AED 380,000
Monthly over 25 years at 3.7%
AED 3,887

Plus AED 44,910 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →