2-bed · 1,817 sqftOceanic Tower, Dubai Marina · 6th floor

603, Oceanic Tower

Sold prices and rental history: sold twice, last in March 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 603 · DLD and Ejari recordsUpdated 14 August 2024
Last soldAED 1.57M27 March 2012
Current rentAED 173K /yr14 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 603, Oceanic Tower

What is 603 worth today?

Last sold for AED 1,565,000 in 2012

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14 Aug 2024RentedRenewal
AED 172,500/yr8 months · AED 95 per sqft
14 Aug 2023RentedRenewal
AED 135,000/yr12 months · AED 74 per sqft
14 Aug 2022RentedRenewal
AED 125,000/yr12 months · AED 69 per sqft
14 Aug 2021RentedRenewal
AED 110,000/yr12 months · AED 60 per sqft
14 Aug 2019RentedRenewal
AED 140,000/yr12 months · AED 77 per sqft
14 Aug 2017RentedNew contract
AED 156,000/yr12 months · AED 86 per sqft
14 Aug 2015RentedNew contract
AED 150,000/yr12 months · AED 82 per sqft
14 Aug 2014RentedRenewal
AED 140,000/yr12 months · AED 77 per sqft

Source: Dubai Land Department. Updated 14 August 2024.

Key facts

Type
2-bed apartment
Size
1,817 sqft
Floor
6th of 32
Parking
326
Developer
Trident International Holding
Service charge
AED 38,200 /yr
Last sold
AED 1.57M · March 2012

About 603, Oceanic Tower

603 is a two-bedroom apartment of 1,817 sqft on the 6th floor of Oceanic Tower, a 32-storey tower in Dubai Marina by Trident International Holding. It last sold on 27 March 2012 for AED 1,565,000, or AED 861 per sqft, 14% above the AED 758 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 14 August 2024, is AED 172,500 a year: a gross yield of 11.0% on the 2012 price, before the service charge of about AED 38,200 a year.

Sales and rents for 603 over time

Sales
Unit 603, each saleTypical two-bed in Oceanic Tower
1M2M3M20092013201720212025Typical sale price by year: 2009 AED 1,650,000; 2010 AED 1,945,000; 2011 AED 1,367,000; 2012 AED 1,427,000; 2013 AED 1,407,500; 2014 AED 2,725,000; 2015 AED 2,759,250; 2016 AED 2,000,000; 2018 AED 2,200,000; 2021 AED 1,577,500; 2022 AED 1,975,000; 2023 AED 2,350,000; 2024 AED 2,425,000Sold by developer, February 2012: AED 1,140,000 (AED 627 per sqft)Sold, March 2012: AED 1,565,000 (AED 861 per sqft)

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

Rents
Unit 603, each contractTypical two-bed in Oceanic Tower
100K150K2012201620202024Typical rent by year: 2012 AED 135,000; 2013 AED 140,000; 2014 AED 155,000; 2015 AED 155,000; 2016 AED 160,000; 2017 AED 150,000; 2018 AED 140,000; 2019 AED 122,000; 2020 AED 110,000; 2021 AED 100,000; 2022 AED 112,500; 2023 AED 132,000; 2024 AED 150,000; 2025 AED 150,000; 2026 AED 150,000New contract, August 2013: AED 135,000 a yearRenewal, August 2014: AED 140,000 a yearNew contract, August 2015: AED 150,000 a yearNew contract, August 2017: AED 156,000 a yearRenewal, August 2019: AED 140,000 a yearRenewal, August 2021: AED 110,000 a yearRenewal, August 2022: AED 125,000 a yearRenewal, August 2023: AED 135,000 a yearRenewal, August 2024: AED 172,500 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 Oceanic Tower, and where 603 sits

All 70 2-beds →

603 last sold in March 2012 at AED 861 per sqft, 14% above what two-beds in Oceanic Tower were fetching at the time (AED 758). Over the last 12 months two-beds sold for AED 2,850,000 to 3,400,000, around AED 1,568 per sqft, and rent for AED 80,000 to 195,000 a year. 603's AED 172,500 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
6 Feb 20263,400,000
20 Jan 20262,850,000
15 May 20252,600,000
20 Jan 20253,135,000
3 2-bed sales in the last 12 months

Oceanic Tower

Building

122 apartments, 2-bed to 4-bed over 32 floors in Dubai Marina by Trident International Holding. 4 sold in the last 12 months.

Typical price per sqft
AED 1,519
Typical sale
AED 3.1M
Typical rent
AED 153K /yr
Typical yield
5.3%
Oceanic Tower, Dubai Marina: prices, sales and rents →

Other units on the 6th floor

All 122 units in Oceanic Tower
Value
6013-bedAED 3.75M · Feb 2015
6023-bedAED 750K · May 2013
6042-bedAED 2.2M · Jan 2024

603, Oceanic Tower in numbers

  • Sold twice: first on 20 February 2012 for AED 1,140,000, last on 27 March 2012 for AED 1,565,000 (AED 861 per sqft).
  • Rented since August 2013 on 9 Ejari contracts. The rent fell from AED 135,000 to AED 110,000 in 2021 and recovered to AED 172,500 by August 2024.
  • At AED 172,500 a year the gross yield on the 2012 price is 11.0%, before a service charge of about AED 38,200 a year (AED 21.01 per sqft).
  • Two-beds in Oceanic Tower sold for AED 2,850,000–3,400,000 in the 12 months to November 2026; the building's median across all types is AED 1,519 per sqft.

Source: Dubai Land Department. Updated 14 August 2024.

Questions about 603, Oceanic Tower

What did unit 603 last sell for?

AED 1,565,000 on 27 March 2012: AED 861 per sqft for 1,817 sqft. The unit has 2 registered sales; the first was AED 1,140,000 in February 2012.

What is the rent for unit 603?

AED 172,500 a year on the contract renewed on 14 August 2024. The previous contract, from August 2023, was AED 135,000; the unit has been rented since August 2013.

How big is unit 603?

1,817 sqft (168.8 sqm): a two-bedroom apartment on the 6th floor of a 32-storey tower.

What is unit 603 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Oceanic Tower sold for AED 2,850,000 to 3,400,000 in the last 12 months, around AED 1,568 per sqft.

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Mortgage on 603, Oceanic Tower

Starts from the last sale price (AED 1.57M, 27 March 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,565,000
Deposit, UAE resident (20%)
AED 313,000
Deposit, non-resident (40%)
AED 626,000
Monthly over 25 years at 3.7%
AED 6,403

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →