401, Oceana - Atlantic
Sold prices and rental history: sold twice, last in May 2023, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 401, Oceana - Atlantic
What is 401 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 6 June 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,709 sqft
- Floor
- 5th of 14
- Parking
- B1-1137
- Developer
- Seven Tides
- Completed
- 2010
- Service charge
- AED 39,500 /yr
- Last sold
- AED 5M · May 2023
- Building
- Oceana - Atlantic
About 401, Oceana - Atlantic
401 is a two-bedroom apartment of 1,709 sqft on the 5th floor of Oceana - Atlantic, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 18 May 2023 for AED 5,000,000, or AED 2,925 per sqft, 19% above the AED 2,457 two-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 9 Ejari contracts. The current contract, renewed on 6 June 2024, is AED 200,000 a year: a gross yield of 4.0% on the 2023 price, before the service charge of about AED 39,500 a year.
Sales and rents for 401 over time
401 has sold twice; 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 - Atlantic, and where 401 sits
All 26 2-beds →401 last sold in May 2023 at AED 2,925 per sqft, 19% above what two-beds in Oceana - Atlantic were fetching at the time (AED 2,457).
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Feb 20242 February 2024 | 1,709 sqft | 4,990,000 | 2,919 | ||
| 22 Jun 202322 June 2023 | 1,955 sqft | 4,650,000 | 2,378 | ||
| 21 Jun 202321 June 2023 | 1,709 sqft | 4,600,000 | 2,691 | ||
| 12 May 202312 May 2023 | 1,709 sqft | 4,600,000 | 2,691 |
Oceana - Atlantic
Building92 apartments, 1-bed to 4-bed over 14 floors in Palm Jumeirah, completed in 2010 by Seven Tides. No sale in the last 12 months.
- Typical price per sqft
- Few sales
- Typical sale
- Few sales
- Typical rent
- AED 190K /yr
- Typical yield
Other units on the 5th floor
All 92 units in Oceana - Atlantic| ValueToday's value | |||||
|---|---|---|---|---|---|
| 402 | 3-bed | 2,440 sqft | AED 3.9MAED 3,900,000 · Sep 2013September 2013 | 275,000 /yr | |
| 403 | 1-bed | 1,338 sqft | AED 2.65MAED 2,650,000 · Jun 2013June 2013 | 120,750 /yr | |
| 404 | 1-bed | 1,338 sqft | AED 3.3MAED 3,300,000 · May 2024May 2024 | 125,000 /yr | |
| 405 | 2,280 sqft | AED 1.5MAED 1,500,000 · Feb 2013February 2013 | 298,500 /yr | ||
| 406 | 2-bed | 1,709 sqft | AED 4.6MAED 4,600,000 · May 2023May 2023 | 210,000 /yr |
401, Oceana - Atlantic in numbers
- Sold twice: first on 13 December 2010 for AED 2,064,584, last on 18 May 2023 for AED 5,000,000 (AED 2,925 per sqft).
- Rented since October 2012 on 9 Ejari contracts. The rent fell from AED 180,000 to AED 155,000 in 2021 and recovered to AED 200,000 by June 2024.
- At AED 200,000 a year the gross yield on the 2023 price is 4.0%, 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 6 June 2024.
Questions about 401, Oceana - Atlantic
What did unit 401 last sell for?
AED 5,000,000 on 18 May 2023: AED 2,925 per sqft for 1,709 sqft. The unit has 2 registered sales; the first was AED 2,064,584 in December 2010.
What is the rent for unit 401?
AED 200,000 a year on the contract renewed on 6 June 2024. The previous contract, from June 2023, was AED 200,000; the unit has been rented since October 2012.
How big is unit 401?
1,709 sqft (158.8 sqm): a two-bedroom apartment on the 5th floor of a 14-storey tower completed in 2010.
What is unit 401 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 401, Oceana - Atlantic
Starts from the last sale price (AED 5M, 18 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 5,000,000
- Deposit, UAE resident (20%)
- AED 1,000,000
- Deposit, non-resident (40%)
- AED 2,000,000
- Monthly over 25 years at 3.7%
- AED 20,457
Plus AED 215,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →