1-bed · 1,183 sqftOcean Heights Tower, Dubai Marina · 17th floor · completed 2010

1704, Ocean Heights Tower

Sold prices and rental history: sold 4 times, last in October 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1704 · DLD and Ejari recordsUpdated 1 November 2024
Last soldAED 1.21M17 October 2022
Current rentAED 120K /yr1 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1704, Ocean Heights Tower

What is 1704 worth today?

Last sold for AED 1,206,491 in 2022

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1 Nov 2024RentedRenewal
AED 120,000/yr12 months · AED 101 per sqft
1 Nov 2023RentedNew contract
AED 120,000/yr12 months · AED 101 per sqft
31 Oct 2022RentedNew contract
AED 90,000/yr12 months · AED 76 per sqft
17 Oct 2022SoldReady
AED 1,206,491AED 1,019 per sqft
21 Feb 2022RentedNew contract
AED 64,821/yr3 months · AED 55 per sqft
15 Feb 2021RentedRenewal
AED 55,000/yr12 months · AED 46 per sqft
15 Feb 2020RentedRenewal
AED 77,000/yr12 months · AED 65 per sqft
15 Feb 2019RentedNew contract
AED 81,000/yr12 months · AED 68 per sqft

Source: Dubai Land Department. Updated 1 November 2024.

Key facts

Type
1-bed apartment
Size
1,183 sqft
Floor
17th of 80
Parking
B2-39
Developer
DAMAC
Completed
2010
Service charge
AED 19,300 /yr
Last sold
AED 1.21M · October 2022

About 1704, Ocean Heights Tower

1704 is a one-bedroom apartment of 1,183 sqft on the 17th floor of Ocean Heights Tower, a 80-storey tower in Dubai Marina completed in 2010 by DAMAC. It last sold on 17 October 2022 for AED 1,206,491, or AED 1,019 per sqft, 6% below the AED 1,086 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, renewed on 1 November 2024, is AED 120,000 a year: a gross yield of 10.0% on the 2022 price, before the service charge of about AED 19,300 a year.

Sales and rents for 1704 over time

Sales
Unit 1704, 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 1,154,000 (AED 975 per sqft)Sold, December 2011: AED 1,154,000 (AED 975 per sqft)Sold, September 2015: AED 1,400,000 (AED 1,183 per sqft)Sold, October 2022: AED 1,206,491 (AED 1,019 per sqft)

1704 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1704, each contractTypical one-bed in Ocean Heights Tower
50K100K2012201620202024Typical 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, May 2014: AED 73,000 a yearRenewal, May 2017: AED 84,315 a yearNew contract, February 2018: AED 85,000 a yearNew contract, February 2019: AED 81,000 a yearRenewal, February 2020: AED 77,000 a yearRenewal, February 2021: AED 55,000 a yearNew contract, February 2022: AED 64,821 a yearNew contract, October 2022: AED 90,000 a yearNew contract, November 2023: AED 120,000 a yearRenewal, November 2024: AED 120,000 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 1704 sits

All 282 1-beds →

1704 last sold in October 2022 at AED 1,019 per sqft, 6% below what one-beds in Ocean Heights Tower were fetching at the time (AED 1,086). 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. 1704's AED 120,000 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 17th floor

All 581 units in Ocean Heights Tower
Value
17013-bedAED 1.76M · Apr 2019
17021-bedAED 1.13M · Dec 2011
17031-bedAED 1.45M · Jun 2023
17051-bedAED 1.27M · Mar 2015
17061-bedAED 1.36M · Jun 2014
17072-bedAED 1.34M · May 2011
17082-bedAED 1.8M · Oct 2022
1–7 of 9

1704, Ocean Heights Tower in numbers

  • Sold 4 times: first on 8 July 2009 for AED 1,154,000, last on 17 October 2022 for AED 1,206,491 (AED 1,019 per sqft).
  • Rented since May 2014 on 10 Ejari contracts. The rent fell from AED 73,000 to AED 55,000 in 2021 and recovered to AED 120,000 by November 2024.
  • At AED 120,000 a year the gross yield on the 2022 price is 10.0%, before a service charge of about AED 19,300 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 1 November 2024.

Questions about 1704, Ocean Heights Tower

What did unit 1704 last sell for?

AED 1,206,491 on 17 October 2022: AED 1,019 per sqft for 1,183 sqft. The unit has 4 registered sales; the first was AED 1,154,000 in July 2009.

What is the rent for unit 1704?

AED 120,000 a year on the contract renewed on 1 November 2024. The previous contract, from November 2023, was AED 120,000; the unit has been rented since May 2014.

How big is unit 1704?

1,183 sqft (109.9 sqm): a one-bedroom apartment on the 17th floor of a 80-storey tower completed in 2010.

What is unit 1704 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 1704, Ocean Heights Tower

Starts from the last sale price (AED 1.21M, 17 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,206,491
Deposit, UAE resident (20%)
AED 241,298
Deposit, non-resident (40%)
AED 482,596
Monthly over 25 years at 3.7%
AED 4,936

Plus AED 55,683 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →