3-bed · 2,440 sqftOceana - Aegean, Palm Jumeirah · 5th floor · completed 2010

405, Oceana - Aegean

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

Unit 405 · DLD and Ejari recordsUpdated 16 February 2023
Last soldAED 4.23M11 March 2014
Current rentAED 310K /yr16 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 405, Oceana - Aegean

What is 405 worth today?

Last sold for AED 4,225,000 in 2014

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16 Feb 2023RentedNew contract
AED 310,000/yr12 months · AED 127 per sqft
1 Feb 2022RentedRenewal
AED 185,000/yr12 months · AED 76 per sqft
30 Aug 2018RentedRenewal
AED 199,464/yr12 months · AED 82 per sqft
30 Aug 2017RentedRenewal
AED 225,000/yr12 months · AED 92 per sqft
30 Aug 2016RentedRenewal
AED 230,000/yr12 months · AED 94 per sqft
30 Aug 2015RentedRenewal
AED 280,000/yr12 months · AED 115 per sqft
30 Aug 2014RentedNew contract
AED 280,000/yr12 months · AED 115 per sqft
11 Mar 2014SoldReady
AED 4,225,000AED 1,731 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 16 February 2023.

Key facts

Type
3-bed apartment
Size
2,440 sqft
Floor
5th of 14
Parking
B2-2097,2098
Developer
Seven Tides
Completed
2010
Service charge
AED 56,400 /yr
Last sold
AED 4.23M · March 2014

About 405, Oceana - Aegean

405 is a three-bedroom apartment of 2,440 sqft on the 5th floor of Oceana - Aegean, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 11 March 2014 for AED 4,225,000, or AED 1,731 per sqft, 8% below the AED 1,881 three-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, signed on 16 February 2023, is AED 310,000 a year: a gross yield of 7.3% on the 2014 price, before the service charge of about AED 56,400 a year.

Sales and rents for 405 over time

Sales
Unit 405, each saleTypical three-bed in Oceana - Aegean
3M4M5M2010201420182022Typical sale price by year: 2010 AED 2,947,128; 2011 AED 2,623,978; 2012 AED 3,000,000; 2014 AED 4,650,000; 2023 AED 4,775,000Sold by developer, June 2012: AED 3,000,000 (AED 1,229 per sqft)Sold, March 2014: AED 4,225,000 (AED 1,731 per sqft)

405 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 405, each contractTypical three-bed in Oceana - Aegean
200K2013201720212025Typical rent by year: 2013 AED 88,800; 2014 AED 260,000; 2015 AED 260,000; 2016 AED 235,000; 2017 AED 210,000; 2018 AED 192,232; 2019 AED 186,000; 2020 AED 150,000; 2021 AED 165,000; 2022 AED 187,000; 2023 AED 310,000; 2024 AED 320,000; 2025 AED 320,000New contract, August 2014: AED 280,000 a yearRenewal, August 2015: AED 280,000 a yearRenewal, August 2016: AED 230,000 a yearRenewal, August 2017: AED 225,000 a yearRenewal, August 2018: AED 199,464 a yearRenewal, February 2022: AED 185,000 a yearNew contract, February 2023: AED 310,000 a year

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

3-beds in Oceana - Aegean, and where 405 sits

All 23 3-beds →

405 last sold in March 2014 at AED 1,731 per sqft, 8% below what three-beds in Oceana - Aegean were fetching at the time (AED 1,881). Over the last 12 months three-beds sold for AED 7,250,000, around AED 3,179 per sqft, and rent for AED 310,000 to 320,000 a year.

Recent 3-bed salesUnit no.Price (AED)Summary
17 Apr 20254,425,300
18 Mar 20255,600,000
17 Jan 20244,881,667
12 Jan 20245,500,000
1 3-bed sale in the last 12 months

Oceana - Aegean

Building

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

Typical price per sqft
AED 3,179
Typical sale
AED 7.25M
Typical rent
AED 220K /yr
Typical yield
4.0%
Oceana - Aegean, Palm Jumeirah: prices, sales and rents →

Other units on the 5th floor

All 92 units in Oceana - Aegean
Value
4012-bedAED 4.35M · Aug 2023
4023-bedAED 2.92M · Jun 2021
4031-bedAED 2.1M · Oct 2017
4041-bedAED 1.39M · Oct 2010
4062-bedAED 2.06M · Jan 2011

405, Oceana - Aegean in numbers

  • Sold twice: first on 12 June 2012 for AED 3,000,000, last on 11 March 2014 for AED 4,225,000 (AED 1,731 per sqft).
  • Rented since August 2014 on 7 Ejari contracts. The rent fell from AED 280,000 to AED 185,000 in 2022 and recovered to AED 310,000 by February 2023.
  • At AED 310,000 a year the gross yield on the 2014 price is 7.3%, before a service charge of about AED 56,400 a year (AED 23.10 per sqft).
  • Three-beds in Oceana - Aegean sold for AED 7,250,000–7,250,000 in the 12 months to November 2026; the building's median across all types is AED 3,179 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 16 February 2023.

Questions about 405, Oceana - Aegean

What did unit 405 last sell for?

AED 4,225,000 on 11 March 2014: AED 1,731 per sqft for 2,440 sqft. The unit has 2 registered sales; the first was AED 3,000,000 in June 2012.

What is the rent for unit 405?

AED 310,000 a year on the contract signed on 16 February 2023. The previous contract, from February 2022, was AED 185,000; the unit has been rented since August 2014.

How big is unit 405?

2,440 sqft (226.7 sqm): a three-bedroom apartment on the 5th floor of a 14-storey tower completed in 2010.

What is unit 405 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Oceana - Aegean sold for AED 7,250,000 to 7,250,000 in the last 12 months, around AED 3,179 per sqft.

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Mortgage on 405, Oceana - Aegean

Starts from the last sale price (AED 4.23M, 11 March 2014). Switch to today's estimate once you have unlocked it.
Price
AED 4,225,000
Deposit, UAE resident (20%)
AED 845,000
Deposit, non-resident (40%)
AED 1,690,000
Monthly over 25 years at 3.7%
AED 17,286

Plus AED 182,460 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →