505, Ocean Heights Tower
Sold prices and rental history: sold 3 times, last in November 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Ocean Heights Tower
What is 505 worth today?
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Source: Dubai Land Department. Updated 19 February 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 826 sqft
- Floor
- 5th of 80
- Parking
- B1-39
- Developer
- DAMAC
- Completed
- 2010
- Service charge
- AED 13,500 /yr
- Last sold
- AED 1.1M · November 2023
- Building
- Ocean Heights Tower
About 505, Ocean Heights Tower
505 is a one-bedroom apartment of 826 sqft on the 5th floor of Ocean Heights Tower, a 80-storey tower in Dubai Marina completed in 2010 by DAMAC. It last sold on 16 November 2023 for AED 1,100,000, or AED 1,331 per sqft, in line with the AED 1,313 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, signed on 19 February 2025, is AED 100,000 a year: a gross yield of 9.1% on the 2023 price, before the service charge of about AED 13,500 a year.
Sales and rents for 505 over time
505 has sold 3 times; the dashed line is the one-bed median of each year in the building.
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 505 sits
All 282 1-beds →505 last sold in November 2023 at AED 1,331 per sqft, in line with what one-beds in Ocean Heights Tower were fetching at the time (AED 1,313). 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. 505's AED 100,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 12 Feb 202612 February 2026 | 926 sqft | 1,625,000 | 1,754 | ||
| 5 Feb 20265 February 2026 | 1,062 sqft | 1,500,000 | 1,412 | ||
| 4 Feb 20264 February 2026 | 1,050 sqft | 1,625,000 | 1,547 | ||
| 29 Dec 202529 December 2025 | 971 sqft | 1,365,000 | 1,405 |
Ocean Heights Tower
Building581 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%
Other units on the 5th floor
All 581 units in Ocean Heights Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 929 sqft | AED 1.57MAED 1,565,000 · Dec 2011December 2011 | 135,000 /yr | |
| 502 | 1-bed | 1,116 sqft | AED 1MAED 1,000,000 · Mar 2019March 2019 | 92,000 /yr | |
| 503 | 1-bed | 1,019 sqft | AED 1.1MAED 1,100,000 · Jan 2013January 2013 | 95,000 /yr | |
| 504 | 1-bed | 1,291 sqft | AED 2.76MAED 2,760,142 · Aug 2011August 2011 | 75,000 /yr | |
| 506 | 1-bed | 877 sqft | AED 872KAED 871,902 · Apr 2012April 2012 | 85,000 /yr | |
| 507 | 2-bed | 1,247 sqft | AED 2.76MAED 2,761,000 · May 2011May 2011 | 120,000 /yr | |
| 508 | 2-bed | 1,510 sqft | AED 1.55MAED 1,547,750 · Apr 2011April 2011 | 134,000 /yr | |
| 509 | 17 sqft | AED 1.58MAED 1,580,000 · Jun 2022June 2022 | 105,000 /yr | ||
| 510 | 2-bed | 1,731 sqft | AED 3.46MAED 3,462,750 · Mar 2014March 2014 | 110,000 /yr |
505, Ocean Heights Tower in numbers
- Sold 3 times: first on 27 February 2011 for AED 1,017,000, last on 16 November 2023 for AED 1,100,000 (AED 1,331 per sqft).
- Rented since August 2013 on 10 Ejari contracts, from AED 70,000 to AED 100,000 a year.
- At AED 100,000 a year the gross yield on the 2023 price is 9.1%, before a service charge of about AED 13,500 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 19 February 2025.
Questions about 505, Ocean Heights Tower
What did unit 505 last sell for?
AED 1,100,000 on 16 November 2023: AED 1,331 per sqft for 826 sqft. The unit has 3 registered sales; the first was AED 1,017,000 in February 2011.
What is the rent for unit 505?
AED 100,000 a year on the contract signed on 19 February 2025. The previous contract, from December 2022, was AED 90,000; the unit has been rented since August 2013.
How big is unit 505?
826 sqft (76.7 sqm): a one-bedroom apartment on the 5th floor of a 80-storey tower completed in 2010.
What is unit 505 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 505, Ocean Heights Tower
Starts from the last sale price (AED 1.1M, 16 November 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,100,000
- Deposit, UAE resident (20%)
- AED 220,000
- Deposit, non-resident (40%)
- AED 440,000
- Monthly over 25 years at 3.7%
- AED 4,500
Plus AED 51,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →