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2-bed · 1,316 sqftOcean Heights Tower, Dubai Marina · 12th floor · completed 2010

1209, Ocean Heights Tower

Sold prices and rental history: sold twice, last in July 2011, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1209 · DLD and Ejari recordsUpdated 9 December 2024
Last soldAED 2.07M14 July 2011
Current rentAED 99K /yr9 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1209, Ocean Heights Tower

What is 1209 worth today?

Last sold for AED 2,070,000 in 2011

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9 Dec 2024RentedRenewal
AED 99,317/yr12 months · AED 76 per sqft
9 Dec 2023RentedRenewal
AED 90,459/yr12 months · AED 69 per sqft
9 Dec 2021RentedRenewal
AED 68,400/yr12 months · AED 52 per sqft
25 Jul 2019RentedNew contract
AED 80,000/yr12 months · AED 61 per sqft
1 Jun 2018RentedNew contract
AED 115,000/yr12 months · AED 88 per sqft
6 Mar 2017RentedNew contract
AED 120,000/yr12 months · AED 91 per sqft
1 Feb 2016RentedNew contract
AED 120,000/yr12 months · AED 91 per sqft
2 Jul 2013RentedNew contract
AED 95,000/yr18 months · AED 72 per sqft

Source: Dubai Land Department. Updated 9 December 2024.

Key facts

Type
2-bed apartment
Size
1,316 sqft
Floor
12th of 80
Parking
B3-71
Developer
DAMAC
Completed
2010
Service charge
AED 21,500 /yr
Last sold
AED 2.07M · July 2011
Building
Ocean Heights Tower

About 1209, Ocean Heights Tower

1209 is a two-bedroom apartment of 1,316 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 14 July 2011 for AED 2,070,000, or AED 1,572 per sqft, 6% above the AED 1,480 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 9 December 2024, is AED 99,317 a year: a gross yield of 4.8% on the 2011 price, before the service charge of about AED 21,500 a year.

Sales and rents for 1209 over time

Sales
Unit 1209, 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 2,070,000 (AED 1,572 per sqft)Sold, July 2011: AED 2,070,000 (AED 1,572 per sqft)

1209 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1209, 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, July 2013: AED 95,000 a yearNew contract, February 2016: AED 120,000 a yearNew contract, March 2017: AED 120,000 a yearNew contract, June 2018: AED 115,000 a yearNew contract, July 2019: AED 80,000 a yearRenewal, December 2021: AED 68,400 a yearRenewal, December 2023: AED 90,459 a yearRenewal, December 2024: AED 99,317 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 1209 sits

All 196 2-beds →

1209 last sold in July 2011 at AED 1,572 per sqft, 6% above what two-beds in Ocean Heights Tower were fetching at the time (AED 1,480). 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. 1209's AED 99,317 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
12072-bedAED 950K · Nov 2020
1–7 of 19

1209, Ocean Heights Tower in numbers

  • Sold twice: first on 8 July 2009 for AED 2,070,000, last on 14 July 2011 for AED 2,070,000 (AED 1,572 per sqft).
  • Rented since July 2013 on 8 Ejari contracts. The rent fell from AED 95,000 to AED 68,400 in 2021 and recovered to AED 99,317 by December 2024.
  • At AED 99,317 a year the gross yield on the 2011 price is 4.8%, before a service charge of about AED 21,500 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 9 December 2024.

Questions about 1209, Ocean Heights Tower

What did unit 1209 last sell for?

AED 2,070,000 on 14 July 2011: AED 1,572 per sqft for 1,316 sqft. The unit has 2 registered sales; the first was AED 2,070,000 in July 2009.

What is the rent for unit 1209?

AED 99,317 a year on the contract renewed on 9 December 2024. The previous contract, from December 2023, was AED 90,459; the unit has been rented since July 2013.

How big is unit 1209?

1,316 sqft (122.3 sqm): a two-bedroom apartment on the 12th floor of a 80-storey tower completed in 2010.

What is unit 1209 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 1209, Ocean Heights Tower

Starts from the last sale price (AED 2.07M, 14 July 2011). Switch to today's estimate once you have unlocked it.
Price
AED 2,070,000
Deposit, UAE resident (20%)
AED 414,000
Deposit, non-resident (40%)
AED 828,000
Monthly over 25 years at 3.7%
AED 8,469

Plus AED 91,950 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →