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Studio · 565 sqftRoyal Oceanic Tower, Dubai Marina · 6th floor · completed 2009

601, Royal Oceanic Tower

Sold prices and rental history: sold 3 times, last in August 2010, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 601 · DLD and Ejari recordsUpdated 3 February 2019
Last soldAED 486K24 August 2010
Current rentAED 55K /yr3 February 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 601, Royal Oceanic Tower

What is 601 worth today?

Last sold for AED 486,000 in 2010

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3 Feb 2019RentedNew contract
AED 55,000/yr12 months · AED 98 per sqft
25 Feb 2017RentedRenewal
AED 70,000/yr12 months · AED 125 per sqft
25 Feb 2016RentedNew contract
AED 70,000/yr12 months · AED 125 per sqft
24 Aug 2010SoldReady
AED 486,000AED 860 per sqft
22 Nov 2009Sold by developerOff-plan
AED 486,000AED 860 per sqft
22 Nov 2009SoldOff-plan
AED 486,000AED 860 per sqft

Source: Dubai Land Department. Updated 3 February 2019.

Key facts

Type
Studio apartment
Size
565 sqft
Floor
6th of 31
Parking
B2-48
Developer
Global Group Holdings
Completed
2009
Service charge
AED 11,900 /yr
Last sold
AED 486K · August 2010
Building
Royal Oceanic Tower

About 601, Royal Oceanic Tower

601 is a studio of 565 sqft on the 6th floor of Royal Oceanic Tower, a 31-storey tower in Dubai Marina completed in 2009 by Global Group Holdings. It last sold on 24 August 2010 for AED 486,000, or AED 860 per sqft, 20% below the AED 1,072 studios in the building were fetching at the time.

It has been rented since 2016 on 3 Ejari contracts. The current contract, signed on 3 February 2019, is AED 55,000 a year: a gross yield of 11.3% on the 2010 price, before the service charge of about AED 11,900 a year.

Sales and rents for 601 over time

Sales
Unit 601, 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, November 2009: AED 486,000 (AED 860 per sqft)Sold, November 2009: AED 486,000 (AED 860 per sqft)Sold, August 2010: AED 486,000 (AED 860 per sqft)

601 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 601, each contractTypical studio in Royal Oceanic Tower
40K60K80K2012201620202024Typical 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, February 2016: AED 70,000 a yearRenewal, February 2017: AED 70,000 a yearNew contract, February 2019: AED 55,000 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 601 sits

All 78 studios →

601 last sold in August 2010 at AED 860 per sqft, 20% below what studios in Royal Oceanic Tower were fetching at the time (AED 1,072). 601's AED 55,000 is in the lower half 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 6th floor

All 224 units in Royal Oceanic Tower
Value
602StudioAED 723K · Aug 2010
6031-bedAED 711K · Aug 2010
6041-bedAED 1.53M · May 2014
605StudioAED 715K · Jun 2013
606StudioAED 565K · Feb 2013
607StudioAED 610K · Jan 2013
608StudioAED 886K · Aug 2010
1–7 of 11

601, Royal Oceanic Tower in numbers

  • Sold 3 times: first on 22 November 2009 for AED 486,000, last on 24 August 2010 for AED 486,000 (AED 860 per sqft).
  • Rented since February 2016 on 3 Ejari contracts, from AED 70,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2010 price is 11.3%, before a service charge of about AED 11,900 a year (AED 21.01 per sqft).

Source: Dubai Land Department. Updated 3 February 2019.

Questions about 601, Royal Oceanic Tower

What did unit 601 last sell for?

AED 486,000 on 24 August 2010: AED 860 per sqft for 565 sqft. The unit has 3 registered sales; the first was AED 486,000 in November 2009.

What is the rent for unit 601?

AED 55,000 a year on the contract signed on 3 February 2019. The previous contract, from February 2017, was AED 70,000; the unit has been rented since February 2016.

How big is unit 601?

565 sqft (52.5 sqm): a studio on the 6th floor of a 31-storey tower completed in 2009.

What is unit 601 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 601, Royal Oceanic Tower

Starts from the last sale price (AED 486K, 24 August 2010). Switch to today's estimate once you have unlocked it.
Price
AED 486,000
Deposit, UAE resident (20%)
AED 97,200
Deposit, non-resident (40%)
AED 194,400
Monthly over 25 years at 3.7%
AED 1,988

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