Home
Dubai prices
About
Research
3-bed · 2,440 sqftOceana - Atlantic, Palm Jumeirah · 6th floor · completed 2010

502, Oceana - Atlantic

Sold prices and rental history: sold once, by the developer in January 2011, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 27 February 2021
Last soldAED 2.75M3 January 2011
Current rentAED 155K /yr27 February 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 502, Oceana - Atlantic

What is 502 worth today?

Last sold for AED 2,753,238 in 2011

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

27 Feb 2021RentedNew contract
AED 155,000/yr12 months · AED 63 per sqft
5 Jan 2019RentedNew contract
AED 180,000/yr12 months · AED 74 per sqft
8 Dec 2017RentedRenewal
AED 220,000/yr12 months · AED 90 per sqft
8 Dec 2016RentedNew contract
AED 220,000/yr12 months · AED 90 per sqft
1 Oct 2014RentedNew contract
AED 280,000/yr12 months · AED 115 per sqft
21 Jul 2013RentedNew contract
AED 255,000/yr12 months · AED 104 per sqft
3 Jan 2011Sold by developerReady
AED 2,753,238AED 1,128 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 27 February 2021.

Key facts

Type
3-bed apartment
Size
2,440 sqft
Floor
6th of 14
Parking
B1-1121,1122
Developer
Seven Tides
Completed
2010
Service charge
AED 56,400 /yr
Last sold
AED 2.75M · January 2011
Building
Oceana - Atlantic

About 502, Oceana - Atlantic

502 is a three-bedroom apartment of 2,440 sqft on the 6th floor of Oceana - Atlantic, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. The developer sold it on 3 January 2011 for AED 2,753,238, or AED 1,128 per sqft, 8% below the AED 1,223 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 27 February 2021, is AED 155,000 a year: a gross yield of 5.6% on the 2011 price, before the service charge of about AED 56,400 a year.

Sales and rents for 502 over time

Sales
Unit 502, each saleTypical three-bed in Oceana - Atlantic
3M4M5M2010201220142016Typical sale price by year: 2010 AED 2,947,128; 2011 AED 2,669,219; 2013 AED 4,200,000; 2016 AED 4,700,000Sold by developer, January 2011: AED 2,753,238 (AED 1,128 per sqft)

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

Rents
Unit 502, each contractTypical three-bed in Oceana - Atlantic
200K300K2013201720212025Typical rent by year: 2013 AED 252,500; 2014 AED 280,000; 2015 AED 260,000; 2016 AED 255,000; 2017 AED 257,000; 2018 AED 252,500; 2019 AED 240,000; 2020 AED 215,000; 2021 AED 210,000; 2022 AED 230,000; 2023 AED 290,000; 2024 AED 300,000; 2025 AED 330,000New contract, July 2013: AED 255,000 a yearNew contract, October 2014: AED 280,000 a yearNew contract, December 2016: AED 220,000 a yearRenewal, December 2017: AED 220,000 a yearNew contract, January 2019: AED 180,000 a yearNew contract, February 2021: AED 155,000 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 - Atlantic, and where 502 sits

All 23 3-beds →

502 last sold in January 2011 at AED 1,128 per sqft, 8% below what three-beds in Oceana - Atlantic were fetching at the time (AED 1,223).

Recent 3-bed salesUnit no.Price (AED)Summary
6 Mar 20256,950,000
23 Sep 20245,750,000
5 Jul 20244,478,597
30 Aug 20235,850,000
0 3-bed sales in the last 12 months

Oceana - Atlantic

Building

92 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
Oceana - Atlantic, Palm Jumeirah: prices, sales and rents →

Other units on the 6th floor

All 92 units in Oceana - Atlantic
Value
501AED 2.13M · Aug 2010
5031-bedAED 1.6M · Jan 2021
5041-bedAED 3.6M · Jan 2025
5053-bedAED 2.75M · Jan 2011
5062-bedAED 3.7M · Jul 2013

502, Oceana - Atlantic in numbers

  • Sold once: by Seven Tides on 3 January 2011 for AED 2,753,238, or AED 1,128 per sqft.
  • Rented since July 2013 on 6 Ejari contracts, from AED 255,000 to AED 155,000 a year.
  • At AED 155,000 a year the gross yield on the 2011 price is 5.6%, before a service charge of about AED 56,400 a year (AED 23.10 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 27 February 2021.

Questions about 502, Oceana - Atlantic

What did unit 502 last sell for?

AED 2,753,238 on 3 January 2011, sold by the developer: AED 1,128 per sqft for 2,440 sqft. It is the only registered sale of the unit.

What is the rent for unit 502?

AED 155,000 a year on the contract signed on 27 February 2021. The previous contract, from January 2019, was AED 180,000; the unit has been rented since July 2013.

How big is unit 502?

2,440 sqft (226.7 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.

Selling 502? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 502, Oceana - Atlantic

Starts from the last sale price (AED 2.75M, 3 January 2011). Switch to today's estimate once you have unlocked it.
Price
AED 2,753,238
Deposit, UAE resident (20%)
AED 550,648
Deposit, non-resident (40%)
AED 1,101,295
Monthly over 25 years at 3.7%
AED 11,264

Plus AED 120,646 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →