2-bed · 846 sqftRoyal Oceanic Tower, Dubai Marina · 22nd floor · completed 2009

2206, Royal Oceanic Tower

Sold prices and rental history: sold 3 times, last in April 2014, and rented once, from April 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2206 · DLD and Ejari recordsUpdated 22 April 2014
Last soldAED 2.95M22 April 2014
Current rentAED 125K /yr12 April 2013
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2206, Royal Oceanic Tower

What is 2206 worth today?

Last sold for AED 2,950,000 in 2014

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22 Apr 2014SoldReady
AED 2,950,000AED 1,742 per sqft
12 Apr 2013RentedNew contract
AED 125,000/yr12 months · AED 74 per sqft
19 Aug 2010SoldReady
AED 2,241,200AED 1,323 per sqft
18 Feb 2009Sold by developerOff-plan
AED 2,241,200AED 1,323 per sqft

Source: Dubai Land Department. Updated 22 April 2014.

Key facts

Type
2-bed apartment
Size
846 sqft
Floor
22nd of 31
Parking
B1-102
Developer
Global Group Holdings
Completed
2009
Service charge
AED 17,800 /yr
Last sold
AED 2.95M · April 2014

About 2206, Royal Oceanic Tower

2206 is a two-bedroom apartment of 846 sqft on the 22nd floor of Royal Oceanic Tower, a 31-storey tower in Dubai Marina completed in 2009 by Global Group Holdings. It last sold on 22 April 2014 for AED 2,950,000, or AED 1,742 per sqft, 26% above the AED 1,379 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 12 April 2013. The current contract, signed on 12 April 2013, is AED 125,000 a year: a gross yield of 4.2% on the 2014 price, before the service charge of about AED 17,800 a year.

Sales and rents for 2206 over time

Sales
Unit 2206, each saleTypical two-bed in Royal Oceanic Tower
1M2M3M2009201420192024Typical sale price by year: 2009 AED 1,689,714; 2010 AED 1,668,068; 2011 AED 1,330,000; 2012 AED 1,152,550; 2013 AED 1,712,500; 2014 AED 2,350,000; 2015 AED 2,137,500; 2016 AED 2,000,000; 2017 AED 1,850,000; 2019 AED 1,450,000; 2020 AED 900,000; 2021 AED 1,000,000; 2022 AED 1,450,000; 2023 AED 1,665,000; 2024 AED 2,000,000; 2025 AED 2,250,000Sold by developer, February 2009: AED 2,241,200 (AED 1,323 per sqft)Sold, August 2010: AED 2,241,200 (AED 1,323 per sqft)Sold, April 2014: AED 2,950,000 (AED 1,742 per sqft)

2206 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2206, each contractTypical two-bed in Royal Oceanic Tower
100K125K2012201620202024Typical rent by year: 2012 AED 102,733; 2013 AED 125,000; 2014 AED 130,000; 2015 AED 134,050; 2016 AED 135,000; 2017 AED 127,250; 2018 AED 120,000; 2019 AED 107,353; 2020 AED 85,500; 2021 AED 90,000; 2022 AED 95,000; 2023 AED 120,000; 2024 AED 130,625; 2025 AED 135,000; 2026 AED 134,000New contract, April 2013: AED 125,000 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 Royal Oceanic Tower, and where 2206 sits

All 87 2-beds →

2206 last sold in April 2014 at AED 1,742 per sqft, 26% above what two-beds in Royal Oceanic Tower were fetching at the time (AED 1,379). Over the last 12 months two-beds sold for AED 1,000,000 to 2,900,000, around AED 1,662 per sqft, and rent for AED 130,000 to 250,000 a year. 2206's AED 125,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
26 Jan 20262,070,000
22 Jan 20261,820,000
30 Dec 202581,769
19 Dec 20252,900,000
6 2-bed 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 22nd floor

All 224 units in Royal Oceanic Tower
Value
22012-bedAED 3.03M · Mar 2014
22022-bedAED 1M · Feb 2012
22032-bedAED 1.73M · May 2013
22042-bedAED 1.53M · Jul 2023
22052-bedAED 1.38M · Apr 2019

2206, Royal Oceanic Tower in numbers

  • Sold 3 times: first on 18 February 2009 for AED 2,241,200, last on 22 April 2014 for AED 2,950,000 (AED 1,742 per sqft).
  • Rented since April 2013 on one Ejari contract, at AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2014 price is 4.2%, before a service charge of about AED 17,800 a year (AED 21.01 per sqft).
  • Two-beds in Royal Oceanic Tower sold for AED 1,000,000–2,900,000 in the 12 months to November 2026; the building's median across all types is AED 1,662 per sqft.

Source: Dubai Land Department. Updated 22 April 2014.

Questions about 2206, Royal Oceanic Tower

What did unit 2206 last sell for?

AED 2,950,000 on 22 April 2014: AED 1,742 per sqft for 846 sqft. The unit has 3 registered sales; the first was AED 2,241,200 in February 2009.

What is the rent for unit 2206?

AED 125,000 a year on the contract signed on 12 April 2013.

How big is unit 2206?

846 sqft (78.6 sqm): a two-bedroom apartment on the 22nd floor of a 31-storey tower completed in 2009.

What is unit 2206 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Royal Oceanic Tower sold for AED 1,000,000 to 2,900,000 in the last 12 months, around AED 1,662 per sqft.

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Mortgage on 2206, Royal Oceanic Tower

Starts from the last sale price (AED 2.95M, 22 April 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,950,000
Deposit, UAE resident (20%)
AED 590,000
Deposit, non-resident (40%)
AED 1,180,000
Monthly over 25 years at 3.7%
AED 12,069

Plus AED 128,910 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →