2-bed · 1,387 sqftOcean Heights Tower, Dubai Marina · 72nd floor · completed 2010

7202, Ocean Heights Tower

Sold prices and rental history: sold once, by the developer in April 2011, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7202 · DLD and Ejari recordsUpdated 1 October 2023
Last soldAED 2.22M10 April 2011
Current rentAED 140K /yr1 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 7202, Ocean Heights Tower

What is 7202 worth today?

Last sold for AED 2,219,200 in 2011

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1 Oct 2023RentedNew contract
AED 140,000/yr12 months · AED 101 per sqft
5 Jul 2022RentedRenewal
AED 88,000/yr12 months · AED 63 per sqft
5 Jul 2021RentedRenewal
AED 80,000/yr12 months · AED 58 per sqft
5 Jul 2020RentedNew contract
AED 80,000/yr12 months · AED 58 per sqft
8 Aug 2019RentedRenewal
AED 120,000/yr12 months · AED 86 per sqft
8 Aug 2018RentedNew contract
AED 120,000/yr12 months · AED 86 per sqft
8 Aug 2016RentedNew contract
AED 140,000/yr12 months · AED 101 per sqft
10 Apr 2011Sold by developerReady
AED 2,219,200AED 1,599 per sqft

Source: Dubai Land Department. Updated 1 October 2023.

Key facts

Type
2-bed apartment
Size
1,387 sqft
Floor
72nd of 80
Parking
P3-50
Developer
DAMAC
Completed
2010
Service charge
AED 22,600 /yr
Last sold
AED 2.22M · April 2011

About 7202, Ocean Heights Tower

7202 is a two-bedroom apartment of 1,387 sqft on the 72nd floor of Ocean Heights Tower, a 80-storey tower in Dubai Marina completed in 2010 by DAMAC. The developer sold it on 10 April 2011 for AED 2,219,200, or AED 1,599 per sqft, 24% above the AED 1,293 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, signed on 1 October 2023, is AED 140,000 a year: a gross yield of 6.3% on the 2011 price, before the service charge of about AED 22,600 a year.

Sales and rents for 7202 over time

Sales
Unit 7202, 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, April 2011: AED 2,219,200 (AED 1,599 per sqft)

7202 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 7202, 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, August 2016: AED 140,000 a yearNew contract, August 2018: AED 120,000 a yearRenewal, August 2019: AED 120,000 a yearNew contract, July 2020: AED 80,000 a yearRenewal, July 2021: AED 80,000 a yearRenewal, July 2022: AED 88,000 a yearNew contract, October 2023: AED 140,000 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 7202 sits

All 196 2-beds →

7202 last sold in April 2011 at AED 1,599 per sqft, 24% above what two-beds in Ocean Heights Tower were fetching at the time (AED 1,293). 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. 7202's AED 140,000 is in the lower half 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 72nd floor

All 581 units in Ocean Heights Tower
Value
72011-bedAED 1.91M · Jun 2022
72032-bedAED 3.45M · Jul 2011
72041-bedAED 2.51M · May 2011
72051-bedAED 1.48M · Sep 2012
72062-bedAED 2M · Apr 2017
72072-bedAED 5M · May 2011
72081-bedAED 1.48M · Nov 2011

7202, Ocean Heights Tower in numbers

  • Sold once: by DAMAC on 10 April 2011 for AED 2,219,200, or AED 1,599 per sqft.
  • Rented since August 2016 on 7 Ejari contracts. The rent fell from AED 140,000 to AED 80,000 in 2021 and recovered to AED 140,000 by October 2023.
  • At AED 140,000 a year the gross yield on the 2011 price is 6.3%, before a service charge of about AED 22,600 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 1 October 2023.

Questions about 7202, Ocean Heights Tower

What did unit 7202 last sell for?

AED 2,219,200 on 10 April 2011, sold by the developer: AED 1,599 per sqft for 1,387 sqft. It is the only registered sale of the unit.

What is the rent for unit 7202?

AED 140,000 a year on the contract signed on 1 October 2023. The previous contract, from July 2022, was AED 88,000; the unit has been rented since August 2016.

How big is unit 7202?

1,387 sqft (128.9 sqm): a two-bedroom apartment on the 72nd floor of a 80-storey tower completed in 2010.

What is unit 7202 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 7202, Ocean Heights Tower

Starts from the last sale price (AED 2.22M, 10 April 2011). Switch to today's estimate once you have unlocked it.
Price
AED 2,219,200
Deposit, UAE resident (20%)
AED 443,840
Deposit, non-resident (40%)
AED 887,680
Monthly over 25 years at 3.7%
AED 9,079

Plus AED 98,216 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →