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1-bed · 764 sqftRoyal Oceanic Tower, Dubai Marina · 6th floor · completed 2009

604, Royal Oceanic Tower

Sold prices and rental history: sold 4 times, last in May 2014, and rented once, from January 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 604 · DLD and Ejari recordsUpdated 22 May 2014
Last soldAED 1.53M22 May 2014
Current rentAED 108K /yr17 January 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 604, Royal Oceanic Tower

What is 604 worth today?

Last sold for AED 1,525,000 in 2014

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22 May 2014SoldReady
AED 1,525,000AED 1,996 per sqft
17 Jan 2014RentedNew contract
AED 108,000/yr12 months · AED 141 per sqft
31 Mar 2011SoldReady
AED 600,000AED 785 per sqft
16 Aug 2010SoldReady
AED 712,517AED 932 per sqft
15 Apr 2009Sold by developerOff-plan
AED 712,517AED 932 per sqft

Source: Dubai Land Department. Updated 22 May 2014.

Key facts

Type
1-bed apartment
Size
764 sqft
Floor
6th of 31
Parking
B2-51
Developer
Global Group Holdings
Completed
2009
Service charge
AED 16,000 /yr
Last sold
AED 1.53M · May 2014
Building
Royal Oceanic Tower

About 604, Royal Oceanic Tower

604 is a one-bedroom apartment of 764 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 22 May 2014 for AED 1,525,000, or AED 1,996 per sqft, 10% above the AED 1,807 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 17 January 2014. The current contract, signed on 17 January 2014, is AED 108,000 a year: a gross yield of 7.1% on the 2014 price, before the service charge of about AED 16,000 a year.

Sales and rents for 604 over time

Sales
Unit 604, each saleTypical one-bed in Royal Oceanic Tower
1M2009201420192024Typical sale price by year: 2009 AED 910,043; 2010 AED 789,640; 2011 AED 395,843; 2012 AED 835,000; 2013 AED 870,000; 2014 AED 1,460,000; 2015 AED 1,000,000; 2017 AED 1,142,500; 2022 AED 1,025,000; 2023 AED 1,150,000; 2024 AED 1,000,000; 2025 AED 1,170,000Sold by developer, April 2009: AED 712,517 (AED 932 per sqft)Sold, August 2010: AED 712,517 (AED 932 per sqft)Sold, March 2011: AED 600,000 (AED 785 per sqft)Sold, May 2014: AED 1,525,000 (AED 1,996 per sqft)

604 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 604, each contractTypical one-bed in Royal Oceanic Tower
50K100K2012201620202024Typical rent by year: 2012 AED 60,000; 2013 AED 78,000; 2014 AED 87,500; 2015 AED 95,000; 2016 AED 90,000; 2017 AED 89,625; 2018 AED 72,000; 2019 AED 72,800; 2020 AED 50,000; 2021 AED 55,000; 2022 AED 70,000; 2023 AED 76,000; 2024 AED 85,000; 2025 AED 80,000; 2026 AED 77,100New contract, January 2014: AED 108,000 a year

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

1-beds in Royal Oceanic Tower, and where 604 sits

All 36 1-beds →

604 last sold in May 2014 at AED 1,996 per sqft, 10% above what one-beds in Royal Oceanic Tower were fetching at the time (AED 1,807). 604's AED 108,000 is at the top of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
24 Jun 20251,155,000
18 Jun 20251,260,000
30 May 20251,340,000
14 Apr 20251,100,000
0 1-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 6th floor

All 224 units in Royal Oceanic Tower
Value
601StudioAED 486K · Aug 2010
602StudioAED 723K · Aug 2010
6031-bedAED 711K · Aug 2010
605StudioAED 715K · Jun 2013
606StudioAED 565K · Feb 2013
607StudioAED 610K · Jan 2013
608StudioAED 886K · Aug 2010
1–7 of 11

604, Royal Oceanic Tower in numbers

  • Sold 4 times: first on 15 April 2009 for AED 712,517, last on 22 May 2014 for AED 1,525,000 (AED 1,996 per sqft).
  • Rented since January 2014 on one Ejari contract, at AED 108,000 a year.
  • At AED 108,000 a year the gross yield on the 2014 price is 7.1%, before a service charge of about AED 16,000 a year (AED 21.01 per sqft).

Source: Dubai Land Department. Updated 22 May 2014.

Questions about 604, Royal Oceanic Tower

What did unit 604 last sell for?

AED 1,525,000 on 22 May 2014: AED 1,996 per sqft for 764 sqft. The unit has 4 registered sales; the first was AED 712,517 in April 2009.

What is the rent for unit 604?

AED 108,000 a year on the contract signed on 17 January 2014.

How big is unit 604?

764 sqft (71.0 sqm): a one-bedroom apartment on the 6th floor of a 31-storey tower completed in 2009.

What is unit 604 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 604, Royal Oceanic Tower

Starts from the last sale price (AED 1.53M, 22 May 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,525,000
Deposit, UAE resident (20%)
AED 305,000
Deposit, non-resident (40%)
AED 610,000
Monthly over 25 years at 3.7%
AED 6,239

Plus AED 69,060 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →