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Studio · 654 sqftRoyal Oceanic Tower, Dubai Marina · 7th floor · completed 2009

702, Royal Oceanic Tower

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

Unit 702 · DLD and Ejari recordsUpdated 24 July 2025
Last soldAED 1M15 May 2014
Current rentAED 66K /yr24 July 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 702, Royal Oceanic Tower

What is 702 worth today?

Last sold for AED 1,000,000 in 2014

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24 Jul 2025RentedRenewal
AED 66,000/yr12 months · AED 101 per sqft
24 Jul 2024RentedRenewal
AED 66,000/yr12 months · AED 101 per sqft
24 Jul 2023RentedNew contract
AED 60,000/yr12 months · AED 92 per sqft
5 Jul 2022RentedNew contract
AED 50,000/yr12 months · AED 76 per sqft
1 May 2020RentedRenewal
AED 47,000/yr12 months · AED 72 per sqft
1 May 2019RentedNew contract
AED 47,000/yr12 months · AED 72 per sqft
16 Mar 2018RentedRenewal
AED 75,000/yr12 months · AED 114 per sqft
16 Mar 2017RentedRenewal
AED 75,000/yr12 months · AED 114 per sqft

Source: Dubai Land Department. Updated 24 July 2025.

Key facts

Type
Studio apartment
Size
654 sqft
Floor
7th of 31
Parking
B2-61
Developer
Global Group Holdings
Completed
2009
Service charge
AED 13,700 /yr
Last sold
AED 1M · May 2014
Building
Royal Oceanic Tower

About 702, Royal Oceanic Tower

702 is a studio of 654 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 15 May 2014 for AED 1,000,000, or AED 1,529 per sqft, 11% above the AED 1,381 studios in the building were fetching at the time.

It has been rented continuously since 2013 on 12 Ejari contracts. The current contract, renewed on 24 July 2025, is AED 66,000 a year: a gross yield of 6.6% on the 2014 price, before the service charge of about AED 13,700 a year.

Sales and rents for 702 over time

Sales
Unit 702, 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, April 2009: AED 745,138 (AED 1,139 per sqft)Sold, August 2010: AED 745,138 (AED 1,139 per sqft)Sold, May 2014: AED 1,000,000 (AED 1,529 per sqft)

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

Rents
Unit 702, 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, March 2013: AED 65,000 a yearNew contract, March 2014: AED 65,000 a yearNew contract, March 2015: AED 75,000 a yearRenewal, March 2015: AED 75,000 a yearRenewal, March 2017: AED 75,000 a yearRenewal, March 2018: AED 75,000 a yearNew contract, May 2019: AED 47,000 a yearRenewal, May 2020: AED 47,000 a yearNew contract, July 2022: AED 50,000 a yearNew contract, July 2023: AED 60,000 a yearRenewal, July 2024: AED 66,000 a yearRenewal, July 2025: AED 66,000 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 702 sits

All 78 studios →

702 last sold in May 2014 at AED 1,529 per sqft, 11% above what studios in Royal Oceanic Tower were fetching at the time (AED 1,381). 702's AED 66,000 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 7th floor

All 224 units in Royal Oceanic Tower
Value
701StudioAED 750K · Dec 2021
7031-bedAED 1.55M · Dec 2014
704AED 815K · Feb 2013
705StudioAED 500K · Dec 2012
706StudioAED 1.01M · Jun 2025
707StudioAED 585K · Feb 2013
708StudioAED 700K · Oct 2022
1–7 of 11

702, Royal Oceanic Tower in numbers

  • Sold 3 times: first on 15 April 2009 for AED 745,138, last on 15 May 2014 for AED 1,000,000 (AED 1,529 per sqft).
  • Rented since March 2013 on 12 Ejari contracts. The rent fell from AED 65,000 to AED 47,000 in 2020 and recovered to AED 66,000 by July 2025.
  • At AED 66,000 a year the gross yield on the 2014 price is 6.6%, before a service charge of about AED 13,700 a year (AED 21.01 per sqft).

Source: Dubai Land Department. Updated 24 July 2025.

Questions about 702, Royal Oceanic Tower

What did unit 702 last sell for?

AED 1,000,000 on 15 May 2014: AED 1,529 per sqft for 654 sqft. The unit has 3 registered sales; the first was AED 745,138 in April 2009.

What is the rent for unit 702?

AED 66,000 a year on the contract renewed on 24 July 2025. The previous contract, from July 2024, was AED 66,000; the unit has been rented since March 2013.

How big is unit 702?

654 sqft (60.8 sqm): a studio on the 7th floor of a 31-storey tower completed in 2009.

What is unit 702 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 702, Royal Oceanic Tower

Starts from the last sale price (AED 1M, 15 May 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

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