509, Ocean Heights Tower
Sold prices and rental history: sold 3 times, last in June 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 509, Ocean Heights Tower
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Source: Dubai Land Department. Updated 14 June 2022.
Key facts
- Type
- Apartment
- Size
- 17 sqft
- Floor
- 5th of 80
- Parking
- nan
- Developer
- DAMAC
- Completed
- 2010
- Service charge
- AED 300 /yr
- Last sold
- AED 1.58M · June 2022
- Building
- Ocean Heights Tower
About 509, Ocean Heights Tower
509 is an apartment of 17 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 14 June 2022 for AED 1,580,000, or AED 906 per sqft.
It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, signed on 1 November 2021, is AED 105,000 a year: a gross yield of 6.7% on the 2022 price, before the service charge of about AED 300 a year.
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 | |
| 505 | 1-bed | 826 sqft | AED 1.1MAED 1,100,000 · Nov 2023November 2023 | 100,000 /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 | |
| 510 | 2-bed | 1,731 sqft | AED 3.46MAED 3,462,750 · Mar 2014March 2014 | 110,000 /yr |
509, Ocean Heights Tower in numbers
- Sold 3 times: first on 8 July 2009 for AED 1,601,000, last on 14 June 2022 for AED 1,580,000 (AED 906 per sqft).
- Rented since April 2014 on 5 Ejari contracts. The rent fell from AED 160,000 to AED 75,000 in 2020 and recovered to AED 105,000 by November 2021.
- At AED 105,000 a year the gross yield on the 2022 price is 6.7%, before a service charge of about AED 300 a year (AED 16.32 per sqft).
Source: Dubai Land Department. Updated 14 June 2022.
Questions about 509, Ocean Heights Tower
What did unit 509 last sell for?
AED 1,580,000 on 14 June 2022: AED 906 per sqft for 17 sqft. The unit has 3 registered sales; the first was AED 1,601,000 in July 2009.
What is the rent for unit 509?
AED 105,000 a year on the contract signed on 1 November 2021. The previous contract, from October 2020, was AED 75,000; the unit has been rented since April 2014.
How big is unit 509?
17 sqft (1.6 sqm): an apartment on the 5th floor of a 80-storey tower completed in 2010.
What is unit 509 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 509, Ocean Heights Tower
Starts from the last sale price (AED 1.58M, 14 June 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,580,000
- Deposit, UAE resident (20%)
- AED 316,000
- Deposit, non-resident (40%)
- AED 632,000
- Monthly over 25 years at 3.7%
- AED 6,464
Plus AED 71,370 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →