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Studio · 654 sqftRoyal Oceanic Tower, Dubai Marina · 10th floor · completed 2009

1002, Royal Oceanic Tower

Sold prices and rental history: sold 5 times, last in September 2021, and rented once, from May 2011. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1002 · DLD and Ejari recordsUpdated 29 September 2021
Last soldAED 800K29 September 2021
Current rentAED 43K /yr1 May 2011
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1002, Royal Oceanic Tower

What is 1002 worth today?

Last sold for AED 800,000 in 2021

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29 Sep 2021SoldReady
AED 800,000AED 1,223 per sqft
1 Jun 2015SoldReady
AED 1,000,000AED 1,529 per sqft
29 Apr 2013SoldReady
AED 750,000AED 1,146 per sqft
1 May 2011RentedNew contract
AED 43,000/yr12 months · AED 66 per sqft
16 Aug 2010SoldReady
AED 707,804AED 1,082 per sqft
23 Feb 2009Sold by developerOff-plan
AED 707,804AED 1,082 per sqft

Source: Dubai Land Department. Updated 29 September 2021.

Key facts

Type
Studio apartment
Size
654 sqft
Floor
10th of 31
Parking
B1-05
Developer
Global Group Holdings
Completed
2009
Service charge
AED 13,700 /yr
Last sold
AED 800K · September 2021
Building
Royal Oceanic Tower

About 1002, Royal Oceanic Tower

1002 is a studio of 654 sqft on the 10th floor of Royal Oceanic Tower, a 31-storey tower in Dubai Marina completed in 2009 by Global Group Holdings. It last sold on 29 September 2021 for AED 800,000, or AED 1,223 per sqft, 3% above the AED 1,186 studios in the building were fetching at the time.

One Ejari contract is registered, from 1 May 2011. The current contract, signed on 1 May 2011, is AED 43,000 a year: a gross yield of 5.4% on the 2021 price, before the service charge of about AED 13,700 a year.

Sales and rents for 1002 over time

Sales
Unit 1002, each saleTypical studio in Royal Oceanic Tower
500K1M2009201420192024Typical sale price by year: 2009 AED 690,828; 2010 AED 660,000; 2011 AED 283,362; 2012 AED 550,000; 2013 AED 700,000; 2014 AED 1,015,000; 2015 AED 1,000,000; 2017 AED 935,000; 2019 AED 565,000; 2021 AED 735,000; 2022 AED 725,000; 2023 AED 815,000; 2025 AED 970,000Sold by developer, February 2009: AED 707,804 (AED 1,082 per sqft)Sold, August 2010: AED 707,804 (AED 1,082 per sqft)Sold, April 2013: AED 750,000 (AED 1,146 per sqft)Sold, June 2015: AED 1,000,000 (AED 1,529 per sqft)Sold, September 2021: AED 800,000 (AED 1,223 per sqft)

1002 has sold 5 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1002, each contractTypical studio in Royal Oceanic Tower
40K60K80K20112015201920232027Typical rent by year: 2012 AED 51,000; 2013 AED 65,000; 2014 AED 70,000; 2015 AED 75,000; 2016 AED 70,000; 2017 AED 70,000; 2018 AED 60,000; 2019 AED 55,000; 2020 AED 45,000; 2021 AED 44,000; 2022 AED 52,000; 2023 AED 60,000; 2024 AED 66,000; 2025 AED 70,000; 2026 AED 70,000New contract, May 2011: AED 43,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Royal Oceanic Tower, and where 1002 sits

All 78 studios →

1002 last sold in September 2021 at AED 1,223 per sqft, 3% above what studios in Royal Oceanic Tower were fetching at the time (AED 1,186). 1002's AED 43,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
29 Jul 2025970,000
4 Jun 20251,010,000
2 Jun 20251,030,000
28 Feb 2025950,000
0 studio sales in the last 12 months

Royal Oceanic Tower

Building

224 apartments, studios to 4-bed over 31 floors in Dubai Marina, completed in 2009 by Global Group Holdings. 6 sold in the last 12 months.

Typical price per sqft
AED 1,662
Typical sale
AED 2.07M
Typical rent
AED 75K /yr
Typical yield
6.8%
Royal Oceanic Tower, Dubai Marina: prices, sales and rents →

Other units on the 10th floor

All 224 units in Royal Oceanic Tower
Value
1001StudioAED 925K · Aug 2017
10031-bedAED 1M · Nov 2010
10041-bedAED 1.18M · Sep 2024
1005StudioAED 756K · Aug 2010
1006StudioAED 872K · Mar 2017
1007StudioAED 945K · Nov 2017
1008StudioAED 650K · Mar 2013
1–7 of 11

1002, Royal Oceanic Tower in numbers

  • Sold 5 times: first on 23 February 2009 for AED 707,804, last on 29 September 2021 for AED 800,000 (AED 1,223 per sqft).
  • Rented since May 2011 on one Ejari contract, at AED 43,000 a year.
  • At AED 43,000 a year the gross yield on the 2021 price is 5.4%, before a service charge of about AED 13,700 a year (AED 21.01 per sqft).

Source: Dubai Land Department. Updated 29 September 2021.

Questions about 1002, Royal Oceanic Tower

What did unit 1002 last sell for?

AED 800,000 on 29 September 2021: AED 1,223 per sqft for 654 sqft. The unit has 5 registered sales; the first was AED 707,804 in February 2009.

What is the rent for unit 1002?

AED 43,000 a year on the contract signed on 1 May 2011.

How big is unit 1002?

654 sqft (60.8 sqm): a studio on the 10th floor of a 31-storey tower completed in 2009.

What is unit 1002 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 1002, Royal Oceanic Tower

Starts from the last sale price (AED 800K, 29 September 2021). Switch to today's estimate once you have unlocked it.
Price
AED 800,000
Deposit, UAE resident (20%)
AED 160,000
Deposit, non-resident (40%)
AED 320,000
Monthly over 25 years at 3.7%
AED 3,273

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