2-bed · 1,752 sqftRoyal Oceanic Tower, Dubai Marina · 26th floor · completed 2009

2602, Royal Oceanic Tower

Sold prices and rental history: sold twice, last in August 2010, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2602 · DLD and Ejari recordsUpdated 13 July 2022
Last soldAED 1.99M18 August 2010
Current rentAED 105K /yr13 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2602, Royal Oceanic Tower

What is 2602 worth today?

Last sold for AED 1,993,295 in 2010

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13 Jul 2022RentedNew contract
AED 105,000/yr12 months · AED 60 per sqft
1 Dec 2021RentedRenewal
AED 80,000/yr12 months · AED 46 per sqft
1 Dec 2020RentedNew contract
AED 80,000/yr12 months · AED 46 per sqft
25 Mar 2019RentedRenewal
AED 140,000/yr12 months · AED 80 per sqft
25 Mar 2018RentedRenewal
AED 140,000/yr12 months · AED 80 per sqft
25 Mar 2017RentedNew contract
AED 140,000/yr12 months · AED 80 per sqft
25 Jan 2015RentedNew contract
AED 160,000/yr12 months · AED 91 per sqft
18 Aug 2010SoldReady
AED 1,993,295AED 1,137 per sqft

Source: Dubai Land Department. Updated 13 July 2022.

Key facts

Type
2-bed apartment
Size
1,752 sqft
Floor
26th of 31
Parking
F1-10
Developer
Global Group Holdings
Completed
2009
Service charge
AED 36,800 /yr
Last sold
AED 1.99M · August 2010

About 2602, Royal Oceanic Tower

2602 is a two-bedroom apartment of 1,752 sqft on the 26th floor of Royal Oceanic Tower, a 31-storey tower in Dubai Marina completed in 2009 by Global Group Holdings. It last sold on 18 August 2010 for AED 1,993,295, or AED 1,137 per sqft, in line with the AED 1,156 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, signed on 13 July 2022, is AED 105,000 a year: a gross yield of 5.3% on the 2010 price, before the service charge of about AED 36,800 a year.

Sales and rents for 2602 over time

Sales
Unit 2602, each saleTypical two-bed in Royal Oceanic Tower
1M2M2009201420192024Typical 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, April 2009: AED 1,993,295 (AED 1,137 per sqft)Sold, August 2010: AED 1,993,295 (AED 1,137 per sqft)

2602 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2602, each contractTypical two-bed in Royal Oceanic Tower
100K150K2012201620202024Typical 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, January 2015: AED 160,000 a yearNew contract, March 2017: AED 140,000 a yearRenewal, March 2018: AED 140,000 a yearRenewal, March 2019: AED 140,000 a yearNew contract, December 2020: AED 80,000 a yearRenewal, December 2021: AED 80,000 a yearNew contract, July 2022: AED 105,000 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 2602 sits

All 87 2-beds →

2602 last sold in August 2010 at AED 1,137 per sqft, in line with what two-beds in Royal Oceanic Tower were fetching at the time (AED 1,156). 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. 2602's AED 105,000 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 26th floor

All 224 units in Royal Oceanic Tower
Value
2601AED 3.6M · Jul 2023
26032-bedAED 1.67M · Sep 2013
26043-bedAED 4.2M · Nov 2022

2602, Royal Oceanic Tower in numbers

  • Sold twice: first on 16 April 2009 for AED 1,993,295, last on 18 August 2010 for AED 1,993,295 (AED 1,137 per sqft).
  • Rented since January 2015 on 7 Ejari contracts. The rent fell from AED 160,000 to AED 80,000 in 2021 and recovered to AED 105,000 by July 2022.
  • At AED 105,000 a year the gross yield on the 2010 price is 5.3%, before a service charge of about AED 36,800 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 13 July 2022.

Questions about 2602, Royal Oceanic Tower

What did unit 2602 last sell for?

AED 1,993,295 on 18 August 2010: AED 1,137 per sqft for 1,752 sqft. The unit has 2 registered sales; the first was AED 1,993,295 in April 2009.

What is the rent for unit 2602?

AED 105,000 a year on the contract signed on 13 July 2022. The previous contract, from December 2021, was AED 80,000; the unit has been rented since January 2015.

How big is unit 2602?

1,752 sqft (162.8 sqm): a two-bedroom apartment on the 26th floor of a 31-storey tower completed in 2009.

What is unit 2602 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 2602, Royal Oceanic Tower

Starts from the last sale price (AED 1.99M, 18 August 2010). Switch to today's estimate once you have unlocked it.
Price
AED 1,993,295
Deposit, UAE resident (20%)
AED 398,659
Deposit, non-resident (40%)
AED 797,318
Monthly over 25 years at 3.7%
AED 8,155

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