1-bed · 877 sqftOcean Heights Tower, Dubai Marina · 34th floor · completed 2010

3406, Ocean Heights Tower

Sold prices and rental history: sold 3 times, last in November 2015, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3406 · DLD and Ejari recordsUpdated 29 August 2022
Last soldAED 1.32M15 November 2015
Current rentAED 67K /yr29 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3406, Ocean Heights Tower

What is 3406 worth today?

Last sold for AED 1,320,000 in 2015

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29 Aug 2022RentedNew contract
AED 67,000/yr12 months · AED 77 per sqft
29 Aug 2020RentedNew contract
AED 57,000/yr12 months · AED 65 per sqft
29 Aug 2019RentedNew contract
AED 70,000/yr12 months · AED 80 per sqft
28 Jul 2018RentedNew contract
AED 78,000/yr12 months · AED 89 per sqft
17 Apr 2017RentedNew contract
AED 95,000/yr12 months · AED 109 per sqft
4 Jan 2016RentedNew contract
AED 105,000/yr12 months · AED 120 per sqft
15 Nov 2015SoldReady
AED 1,320,000AED 1,505 per sqft
10 Sep 2013RentedNew contract
AED 87,000/yr12 months · AED 99 per sqft

Source: Dubai Land Department. Updated 29 August 2022.

Key facts

Type
1-bed apartment
Size
877 sqft
Floor
34th of 80
Parking
B3-50
Developer
DAMAC
Completed
2010
Service charge
AED 14,300 /yr
Last sold
AED 1.32M · November 2015

About 3406, Ocean Heights Tower

3406 is a one-bedroom apartment of 877 sqft on the 34th floor of Ocean Heights Tower, a 80-storey tower in Dubai Marina completed in 2010 by DAMAC. It last sold on 15 November 2015 for AED 1,320,000, or AED 1,505 per sqft, 5% above the AED 1,436 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 29 August 2022, is AED 67,000 a year: a gross yield of 5.1% on the 2015 price, before the service charge of about AED 14,300 a year.

Sales and rents for 3406 over time

Sales
Unit 3406, 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 1,127,920 (AED 1,286 per sqft)Sold, October 2011: AED 1,127,920 (AED 1,286 per sqft)Sold, November 2015: AED 1,320,000 (AED 1,505 per sqft)

3406 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3406, each contractTypical one-bed in Ocean Heights Tower
50K75K100K2012201620202024Typical 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 2013: AED 87,000 a yearNew contract, January 2016: AED 105,000 a yearNew contract, April 2017: AED 95,000 a yearNew contract, July 2018: AED 78,000 a yearNew contract, August 2019: AED 70,000 a yearNew contract, August 2020: AED 57,000 a yearNew contract, August 2022: AED 67,000 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 3406 sits

All 282 1-beds →

3406 last sold in November 2015 at AED 1,505 per sqft, 5% above what one-beds in Ocean Heights Tower were fetching at the time (AED 1,436). 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. 3406's AED 67,000 is at the bottom 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 34th floor

All 581 units in Ocean Heights Tower
Value
34013-bedAED 2.98M · May 2011
34021-bedAED 1.65M · Sep 2014
34031-bedAED 1.6M · Sep 2013
34041-bedAED 1.12M · Sep 2011
34051-bedAED 899K · May 2011
34072-bedAED 2.72M · Dec 2011
34082-bedAED 1.48M · Oct 2021
1–7 of 8

3406, Ocean Heights Tower in numbers

  • Sold 3 times: first on 9 July 2009 for AED 1,127,920, last on 15 November 2015 for AED 1,320,000 (AED 1,505 per sqft).
  • Rented since September 2013 on 7 Ejari contracts. The rent fell from AED 87,000 to AED 57,000 in 2020 and recovered to AED 67,000 by August 2022.
  • At AED 67,000 a year the gross yield on the 2015 price is 5.1%, 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 29 August 2022.

Questions about 3406, Ocean Heights Tower

What did unit 3406 last sell for?

AED 1,320,000 on 15 November 2015: AED 1,505 per sqft for 877 sqft. The unit has 3 registered sales; the first was AED 1,127,920 in July 2009.

What is the rent for unit 3406?

AED 67,000 a year on the contract signed on 29 August 2022. The previous contract, from August 2020, was AED 57,000; the unit has been rented since September 2013.

How big is unit 3406?

877 sqft (81.5 sqm): a one-bedroom apartment on the 34th floor of a 80-storey tower completed in 2010.

What is unit 3406 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 3406, Ocean Heights Tower

Starts from the last sale price (AED 1.32M, 15 November 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,320,000
Deposit, UAE resident (20%)
AED 264,000
Deposit, non-resident (40%)
AED 528,000
Monthly over 25 years at 3.7%
AED 5,401

Plus AED 60,450 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →