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3-bed · 2,280 sqftOceana - Aegean, Palm Jumeirah · 6th floor · completed 2010

502, Oceana - Aegean

Sold prices and rental history: sold 5 times, last in December 2015, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 1 December 2024
Last soldAED 4.08M22 December 2015
Current rentAED 310K /yr1 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 502, Oceana - Aegean

What is 502 worth today?

Last sold for AED 4,080,000 in 2015

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1 Dec 2024RentedNew contract
AED 310,000/yr12 months · AED 136 per sqft
1 Dec 2023RentedNew contract
AED 310,000/yr12 months · AED 136 per sqft
5 Feb 2023RentedNew contract
AED 172,722/yr10 months · AED 76 per sqft
5 Feb 2022RentedNew contract
AED 173,250/yr12 months · AED 76 per sqft
5 Feb 2021RentedNew contract
AED 165,000/yr12 months · AED 72 per sqft
5 Feb 2020RentedRenewal
AED 180,000/yr12 months · AED 79 per sqft
5 Feb 2019RentedNew contract
AED 180,000/yr12 months · AED 79 per sqft
28 Jan 2016RentedNew contract
AED 270,000/yr12 months · AED 118 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 December 2024.

Key facts

Type
3-bed apartment
Size
2,280 sqft
Floor
6th of 14
Parking
B2-2062,2063
Developer
Seven Tides
Completed
2010
Service charge
AED 52,700 /yr
Last sold
AED 4.08M · December 2015
Building
Oceana - Aegean

About 502, Oceana - Aegean

502 is a three-bedroom apartment of 2,280 sqft on the 6th floor of Oceana - Aegean, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 22 December 2015 for AED 4,080,000, or AED 1,789 per sqft.

It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, signed on 1 December 2024, is AED 310,000 a year: a gross yield of 7.6% on the 2015 price, before the service charge of about AED 52,700 a year.

Sales and rents for 502 over time

Sales
Unit 502, each saleTypical three-bed in Oceana - Aegean
4M2010201420182022Typical 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, February 2012: AED 3,192,000 (AED 1,400 per sqft)Sold, June 2012: AED 3,150,000 (AED 1,381 per sqft)Sold, October 2013: AED 4,290,000 (AED 1,881 per sqft)Sold, January 2014: AED 5,000,000 (AED 2,193 per sqft)Sold, December 2015: AED 4,080,000 (AED 1,789 per sqft)

502 has sold 5 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 502, 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, January 2016: AED 270,000 a yearNew contract, February 2019: AED 180,000 a yearRenewal, February 2020: AED 180,000 a yearNew contract, February 2021: AED 165,000 a yearNew contract, February 2022: AED 173,250 a yearNew contract, February 2023: AED 172,722 a yearNew contract, December 2023: AED 310,000 a yearNew contract, December 2024: 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 502 sits

All 23 3-beds →

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 6th floor

All 92 units in Oceana - Aegean
Value
5012-bedAED 2.13M · Dec 2010
5031-bedAED 1.52M · May 2011
5041-bedAED 2.85M · May 2023
5053-bedAED 4.7M · Nov 2022
5062-bedAED 1.72M · Sep 2020

502, Oceana - Aegean in numbers

  • Sold 5 times: first on 1 February 2012 for AED 3,192,000, last on 22 December 2015 for AED 4,080,000 (AED 1,789 per sqft).
  • Rented since January 2016 on 8 Ejari contracts. The rent fell from AED 270,000 to AED 165,000 in 2021 and recovered to AED 310,000 by December 2024.
  • At AED 310,000 a year the gross yield on the 2015 price is 7.6%, before a service charge of about AED 52,700 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 1 December 2024.

Questions about 502, Oceana - Aegean

What did unit 502 last sell for?

AED 4,080,000 on 22 December 2015: AED 1,789 per sqft for 2,280 sqft. The unit has 5 registered sales; the first was AED 3,192,000 in February 2012.

What is the rent for unit 502?

AED 310,000 a year on the contract signed on 1 December 2024. The previous contract, from December 2023, was AED 310,000; the unit has been rented since January 2016.

How big is unit 502?

2,280 sqft (211.8 sqm): a three-bedroom apartment on the 6th floor of a 14-storey tower completed in 2010.

What is unit 502 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 502, Oceana - Aegean

Starts from the last sale price (AED 4.08M, 22 December 2015). Switch to today's estimate once you have unlocked it.
Price
AED 4,080,000
Deposit, UAE resident (20%)
AED 816,000
Deposit, non-resident (40%)
AED 1,632,000
Monthly over 25 years at 3.7%
AED 16,693

Plus AED 176,370 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →