501, Oceana - Aegean
Sold prices and rental history: sold once, by the developer in December 2010, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 501, Oceana - Aegean
What is 501 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 January 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,709 sqft
- Floor
- 6th of 14
- Parking
- B2-2152
- Developer
- Seven Tides
- Completed
- 2010
- Service charge
- AED 39,500 /yr
- Last sold
- AED 2.13M · December 2010
- Building
- Oceana - Aegean
About 501, Oceana - Aegean
501 is a two-bedroom apartment of 1,709 sqft on the 6th floor of Oceana - Aegean, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. The developer sold it on 13 December 2010 for AED 2,134,739, or AED 1,248 per sqft, in line with the AED 1,266 two-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, signed on 1 January 2023, is AED 250,000 a year: a gross yield of 11.7% on the 2010 price, before the service charge of about AED 39,500 a year.
Sales and rents for 501 over time
501 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Oceana - Aegean, and where 501 sits
All 30 2-beds →501 last sold in December 2010 at AED 1,248 per sqft, in line with what two-beds in Oceana - Aegean were fetching at the time (AED 1,266). 501's AED 250,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 1 May 20241 May 2024 | 1,709 sqft | 4,600,000 | 2,691 | ||
| 1 May 20241 May 2024 | 1,709 sqft | 4,590,000 | 2,685 | ||
| 22 Dec 202322 December 2023 | 2,444 sqft | 3,250,000 | 1,329 | ||
| 11 Dec 202311 December 2023 | 1,709 sqft | 3,900,000 | 2,281 |
Oceana - Aegean
Building92 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%
Other units on the 6th floor
All 92 units in Oceana - Aegean| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | 3-bed | 2,280 sqft | AED 4.08MAED 4,080,000 · Dec 2015December 2015 | 310,000 /yr | |
| 503 | 1-bed | 1,338 sqft | AED 1.52MAED 1,515,016 · May 2011May 2011 | 195,000 /yr | |
| 504 | 1-bed | 1,338 sqft | AED 2.85MAED 2,850,000 · May 2023May 2023 | 110,000 /yr | |
| 505 | 3-bed | 2,440 sqft | AED 4.7MAED 4,700,000 · Nov 2022November 2022 | 360,000 /yr | |
| 506 | 2-bed | 1,709 sqft | AED 1.72MAED 1,720,000 · Sep 2020September 2020 | 103,000 /yr |
501, Oceana - Aegean in numbers
- Sold once: by Seven Tides on 13 December 2010 for AED 2,134,739, or AED 1,248 per sqft.
- Rented since September 2015 on 5 Ejari contracts. The rent fell from AED 173,250 to AED 120,000 in 2021 and recovered to AED 250,000 by January 2023.
- At AED 250,000 a year the gross yield on the 2010 price is 11.7%, before a service charge of about AED 39,500 a year (AED 23.10 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 1 January 2023.
Questions about 501, Oceana - Aegean
What did unit 501 last sell for?
AED 2,134,739 on 13 December 2010, sold by the developer: AED 1,248 per sqft for 1,709 sqft. It is the only registered sale of the unit.
What is the rent for unit 501?
AED 250,000 a year on the contract signed on 1 January 2023. The previous contract, from January 2021, was AED 120,000; the unit has been rented since September 2015.
How big is unit 501?
1,709 sqft (158.8 sqm): a two-bedroom apartment on the 6th floor of a 14-storey tower completed in 2010.
What is unit 501 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 501, Oceana - Aegean
Starts from the last sale price (AED 2.13M, 13 December 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 2,134,739
- Deposit, UAE resident (20%)
- AED 426,948
- Deposit, non-resident (40%)
- AED 853,896
- Monthly over 25 years at 3.7%
- AED 8,734
Plus AED 94,669 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →