1-bed · 1,338 sqftOceana - Adriatic, Palm Jumeirah · 8th floor · completed 2010

703, Oceana - Adriatic

Sold prices and rental history: sold once, by the developer in January 2011, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 13 January 2023
Last soldAED 1.87M2 January 2011
Current rentAED 137K /yr13 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 703, Oceana - Adriatic

What is 703 worth today?

Last sold for AED 1,869,231 in 2011

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13 Jan 2023RentedRenewal
AED 136,500/yr12 months · AED 102 per sqft
13 Jan 2022RentedRenewal
AED 130,000/yr12 months · AED 97 per sqft
13 Jan 2021RentedNew contract
AED 130,000/yr12 months · AED 97 per sqft
19 Nov 2018RentedNew contract
AED 135,000/yr12 months · AED 101 per sqft
2 Jan 2011Sold by developerReady
AED 1,869,231AED 1,396 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 13 January 2023.

Key facts

Type
1-bed apartment
Size
1,338 sqft
Floor
8th of 14
Parking
B2-2396
Developer
Seven Tides
Completed
2010
Service charge
AED 30,900 /yr
Last sold
AED 1.87M · January 2011

About 703, Oceana - Adriatic

703 is a one-bedroom apartment of 1,338 sqft on the 8th floor of Oceana - Adriatic, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. The developer sold it on 2 January 2011 for AED 1,869,231, or AED 1,396 per sqft, in line with the AED 1,358 one-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, renewed on 13 January 2023, is AED 136,500 a year: a gross yield of 7.3% on the 2011 price, before the service charge of about AED 30,900 a year.

Sales and rents for 703 over time

Sales
Unit 703, each saleTypical one-bed in Oceana - Adriatic
2M4M20102014201820222026Typical sale price by year: 2010 AED 1,784,010; 2011 AED 1,843,625; 2012 AED 1,755,725; 2013 AED 2,400,000; 2014 AED 3,065,000; 2018 AED 2,650,000; 2022 AED 2,900,000; 2023 AED 3,850,000; 2025 AED 4,400,000Sold by developer, January 2011: AED 1,869,231 (AED 1,396 per sqft)

703 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 703, each contractTypical one-bed in Oceana - Adriatic
125K150K175K2013201720212025Typical rent by year: 2013 AED 137,500; 2014 AED 158,077; 2015 AED 140,000; 2016 AED 150,000; 2018 AED 130,000; 2019 AED 130,000; 2020 AED 120,000; 2021 AED 120,000; 2022 AED 150,000; 2023 AED 167,750; 2024 AED 160,000; 2025 AED 167,400New contract, November 2018: AED 135,000 a yearNew contract, January 2021: AED 130,000 a yearRenewal, January 2022: AED 130,000 a yearRenewal, January 2023: AED 136,500 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 Oceana - Adriatic, and where 703 sits

All 35 1-beds →

703 last sold in January 2011 at AED 1,396 per sqft, in line with what one-beds in Oceana - Adriatic were fetching at the time (AED 1,358). Over the last 12 months one-beds sold for AED 4,400,000 to 4,850,000, around AED 2,862 per sqft, and rent for AED 139,466 to 175,000 a year. 703's AED 136,500 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
10 Feb 20264,850,000
17 Dec 20254,400,000
25 Mar 20254,300,000
22 Jan 20254,650,000
2 1-bed sales in the last 12 months

Oceana - Adriatic

Building

92 apartments, 1-bed to 4-bed over 14 floors in Palm Jumeirah, completed in 2010 by Seven Tides. 2 sold in the last 12 months.

Typical price per sqft
AED 2,862
Typical sale
AED 4.63M
Typical rent
AED 175K /yr
Typical yield
4.1%
Oceana - Adriatic, Palm Jumeirah: prices, sales and rents →

Other units on the 8th floor

All 92 units in Oceana - Adriatic
Value
7012-bedAED 4.95M · Dec 2013
7023-bedAED 5.45M · Feb 2013
7041-bedAED 2.9M · Mar 2022
7053-bedAED 3.4M · Jan 2011
7062-bedAED 2.63M · Jan 2011

703, Oceana - Adriatic in numbers

  • Sold once: by Seven Tides on 2 January 2011 for AED 1,869,231, or AED 1,396 per sqft.
  • Rented since November 2018 on 4 Ejari contracts, from AED 135,000 to AED 136,500 a year.
  • At AED 136,500 a year the gross yield on the 2011 price is 7.3%, before a service charge of about AED 30,900 a year (AED 23.10 per sqft).
  • One-beds in Oceana - Adriatic sold for AED 4,400,000–4,850,000 in the 12 months to November 2026; the building's median across all types is AED 2,862 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 13 January 2023.

Questions about 703, Oceana - Adriatic

What did unit 703 last sell for?

AED 1,869,231 on 2 January 2011, sold by the developer: AED 1,396 per sqft for 1,338 sqft. It is the only registered sale of the unit.

What is the rent for unit 703?

AED 136,500 a year on the contract renewed on 13 January 2023. The previous contract, from January 2022, was AED 130,000; the unit has been rented since November 2018.

How big is unit 703?

1,338 sqft (124.3 sqm): a one-bedroom apartment on the 8th floor of a 14-storey tower completed in 2010.

What is unit 703 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Oceana - Adriatic sold for AED 4,400,000 to 4,850,000 in the last 12 months, around AED 2,862 per sqft.

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Mortgage on 703, Oceana - Adriatic

Starts from the last sale price (AED 1.87M, 2 January 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,869,231
Deposit, UAE resident (20%)
AED 373,846
Deposit, non-resident (40%)
AED 747,692
Monthly over 25 years at 3.7%
AED 7,648

Plus AED 83,517 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →