701, Royal Oceanic Tower
Sold prices and rental history: sold 4 times, last in December 2021, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, Royal Oceanic Tower
What is 701 worth today?
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Source: Dubai Land Department. Updated 1 February 2025.
Key facts
- Type
- Studio apartment
- Size
- 565 sqft
- Floor
- 7th of 31
- Parking
- B2-60
- Developer
- Global Group Holdings
- Completed
- 2009
- Service charge
- AED 11,900 /yr
- Last sold
- AED 750K · December 2021
- Building
- Royal Oceanic Tower
About 701, Royal Oceanic Tower
701 is a studio of 565 sqft on the 7th floor of Royal Oceanic Tower, a 31-storey tower in Dubai Marina completed in 2009 by Global Group Holdings. It last sold on 21 December 2021 for AED 750,000, or AED 1,328 per sqft, 10% above the AED 1,205 studios in the building were fetching at the time.
It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 1 February 2025, is AED 60,000 a year: a gross yield of 8.0% on the 2021 price, before the service charge of about AED 11,900 a year.
Sales and rents for 701 over time
701 has sold 4 times; the dashed line is the studio median of each year in the building.
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 701 sits
All 78 studios →701 last sold in December 2021 at AED 1,328 per sqft, 10% above what studios in Royal Oceanic Tower were fetching at the time (AED 1,205). 701's AED 60,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 29 Jul 202529 July 2025 | 514 sqft | 970,000 | 1,887 | ||
| 4 Jun 20254 June 2025 | 514 sqft | 1,010,000 | 1,965 | ||
| 2 Jun 20252 June 2025 | 654 sqft | 1,030,000 | 1,575 | ||
| 28 Feb 202528 February 2025 | 654 sqft | 950,000 | 1,452 |
Royal Oceanic Tower
Building224 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%
Other units on the 7th floor
All 224 units in Royal Oceanic Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | Studio | 654 sqft | AED 1MAED 1,000,000 · May 2014May 2014 | 66,000 /yr | |
| 703 | 1-bed | 764 sqft | AED 1.55MAED 1,550,000 · Dec 2014December 2014 | 73,000 /yr | |
| 704 | 382 sqft | AED 815KAED 815,000 · Feb 2013February 2013 | 68,250 /yr | ||
| 705 | Studio | 634 sqft | AED 500KAED 500,000 · Dec 2012December 2012 | 80,000 /yr | |
| 706 | Studio | 514 sqft | AED 1.01MAED 1,010,000 · Jun 2025June 2025 | 39,100 /yr | |
| 707 | Studio | 514 sqft | AED 585KAED 585,000 · Feb 2013February 2013 | 63,800 /yr | |
| 708 | Studio | 621 sqft | AED 700KAED 700,000 · Oct 2022October 2022 | 47,000 /yr | |
| 709 | 787 sqft | AED 1.34MAED 1,340,000 · Aug 2025August 2025 | 80,000 /yr | ||
| 710 | 1-bed | 792 sqft | AED 950KAED 950,000 · Jan 2019January 2019 | 69,000 /yr | |
| 711 | Studio | 658 sqft | AED 584KAED 584,055 · Aug 2010August 2010 | 63,000 /yr | |
| 712 | Studio | 559 sqft | AED 710KAED 710,000 · Jun 2013June 2013 | 70,000 /yr |
701, Royal Oceanic Tower in numbers
- Sold 4 times: first on 31 March 2011 for AED 275,971, last on 21 December 2021 for AED 750,000 (AED 1,328 per sqft).
- Rented since December 2013 on 8 Ejari contracts. The rent fell from AED 80,000 to AED 44,000 in 2020 and recovered to AED 60,000 by February 2025.
- At AED 60,000 a year the gross yield on the 2021 price is 8.0%, before a service charge of about AED 11,900 a year (AED 21.01 per sqft).
Source: Dubai Land Department. Updated 1 February 2025.
Questions about 701, Royal Oceanic Tower
What did unit 701 last sell for?
AED 750,000 on 21 December 2021: AED 1,328 per sqft for 565 sqft. The unit has 4 registered sales; the first was AED 275,971 in March 2011.
What is the rent for unit 701?
AED 60,000 a year on the contract renewed on 1 February 2025. The previous contract, from February 2024, was AED 60,000; the unit has been rented since December 2013.
How big is unit 701?
565 sqft (52.5 sqm): a studio on the 7th floor of a 31-storey tower completed in 2009.
What is unit 701 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 701, Royal Oceanic Tower
Starts from the last sale price (AED 750K, 21 December 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 750,000
- Deposit, UAE resident (20%)
- AED 150,000
- Deposit, non-resident (40%)
- AED 300,000
- Monthly over 25 years at 3.7%
- AED 3,068
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →