1-bed · 1,338 sqftOceana - Baltic, Palm Jumeirah · 8th floor · completed 2010

703, Oceana - Baltic

Sold prices and rental history: sold 3 times, last in December 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 27 October 2024
Last soldAED 2.85M23 December 2022
Current rentAED 400K /yr27 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 703, Oceana - Baltic

What is 703 worth today?

Last sold for AED 2,850,000 in 2022

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27 Oct 2024RentedNew contract
AED 400,000/yr12 months · AED 299 per sqft
23 Dec 2022SoldReady
AED 2,850,000AED 2,129 per sqft
12 Jul 2020SoldReady
AED 1,517,398AED 1,133 per sqft
1 May 2019RentedRenewal
AED 160,000/yr12 months · AED 120 per sqft
1 May 2018RentedNew contract
AED 160,000/yr12 months · AED 120 per sqft
10 Sep 2017RentedNew contract
AED 122,000/yr12 months · AED 91 per sqft
21 Apr 2015RentedNew contract
AED 160,000/yr9 months · AED 120 per sqft
1 Apr 2014RentedNew contract
AED 160,851/yr10 months · AED 121 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 27 October 2024.

Key facts

Type
1-bed apartment
Size
1,338 sqft
Floor
8th of 14
Parking
B1-1323
Developer
Seven Tides
Completed
2010
Service charge
AED 30,900 /yr
Last sold
AED 2.85M · December 2022

About 703, Oceana - Baltic

703 is a one-bedroom apartment of 1,338 sqft on the 8th floor of Oceana - Baltic, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 23 December 2022 for AED 2,850,000, or AED 2,129 per sqft, 30% above the AED 1,642 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, signed on 27 October 2024, is AED 400,000 a year: a gross yield of 14.0% on the 2022 price, before the service charge of about AED 30,900 a year.

Sales and rents for 703 over time

Sales
Unit 703, each saleTypical one-bed in Oceana - Baltic
2M4M20102014201820222026Typical sale price by year: 2010 AED 1,685,010; 2011 AED 1,746,134; 2012 AED 1,772,570; 2013 AED 2,150,000; 2014 AED 2,975,000; 2022 AED 2,362,500; 2023 AED 2,950,000; 2025 AED 4,625,000Sold by developer, January 2011: AED 1,791,346 (AED 1,338 per sqft)Sold, July 2020: AED 1,517,398 (AED 1,133 per sqft)Sold, December 2022: AED 2,850,000 (AED 2,129 per sqft)

703 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 703, each contractTypical one-bed in Oceana - Baltic
200K400K2012201620202024Typical rent by year: 2012 AED 132,300; 2013 AED 140,000; 2014 AED 155,000; 2015 AED 155,000; 2016 AED 152,500; 2017 AED 145,000; 2018 AED 139,500; 2019 AED 121,389; 2020 AED 105,000; 2021 AED 107,000; 2022 AED 110,000; 2023 AED 125,000; 2024 AED 165,000; 2025 AED 152,500New contract, April 2014: AED 160,851 a yearNew contract, April 2015: AED 160,000 a yearNew contract, September 2017: AED 122,000 a yearNew contract, May 2018: AED 160,000 a yearRenewal, May 2019: AED 160,000 a yearNew contract, October 2024: AED 400,000 a year

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

1-beds in Oceana - Baltic, and where 703 sits

All 34 1-beds →

703 last sold in December 2022 at AED 2,129 per sqft, 30% above what one-beds in Oceana - Baltic were fetching at the time (AED 1,642). Over the last 12 months one-beds sold for AED 4,000,000 to 4,900,000, around AED 3,325 per sqft, and rent for AED 127,988 to 127,988 a year.

Recent 1-bed salesUnit no.Price (AED)Summary
4 Feb 20264,000,000
16 Dec 20254,900,000
16 May 20254,750,000
27 Mar 20254,500,000
2 1-bed sales in the last 12 months

Oceana - Baltic

Building

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

Typical price per sqft
AED 3,586
Typical sale
AED 5.45M
Typical rent
AED 278K /yr
Typical yield
4.4%
Oceana - Baltic, Palm Jumeirah: prices, sales and rents →

Other units on the 8th floor

All 92 units in Oceana - Baltic
Value
7012-bedAED 3.1M · Mar 2023
7023-bedAED 3.9M · Jul 2021
7041-bedAED 3.7M · Feb 2025
7053-bedAED 7.1M · Apr 2025
7062-bedAED 3.95M · Nov 2023

703, Oceana - Baltic in numbers

  • Sold 3 times: first on 30 January 2011 for AED 1,791,346, last on 23 December 2022 for AED 2,850,000 (AED 2,129 per sqft).
  • Rented since April 2014 on 6 Ejari contracts. The rent fell from AED 160,851 to AED 122,000 in 2017 and recovered to AED 400,000 by October 2024.
  • At AED 400,000 a year the gross yield on the 2022 price is 14.0%, before a service charge of about AED 30,900 a year (AED 23.10 per sqft).
  • One-beds in Oceana - Baltic sold for AED 4,000,000–4,900,000 in the 12 months to November 2026; the building's median across all types is AED 3,586 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 27 October 2024.

Questions about 703, Oceana - Baltic

What did unit 703 last sell for?

AED 2,850,000 on 23 December 2022: AED 2,129 per sqft for 1,338 sqft. The unit has 3 registered sales; the first was AED 1,791,346 in January 2011.

What is the rent for unit 703?

AED 400,000 a year on the contract signed on 27 October 2024. The previous contract, from May 2019, was AED 160,000; the unit has been rented since April 2014.

How big is unit 703?

1,338 sqft (124.3 sqm): a one-bedroom apartment on the 8th floor of a 14-storey tower completed in 2010.

What is unit 703 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Oceana - Baltic sold for AED 4,000,000 to 4,900,000 in the last 12 months, around AED 3,325 per sqft.

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Mortgage on 703, Oceana - Baltic

Starts from the last sale price (AED 2.85M, 23 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,850,000
Deposit, UAE resident (20%)
AED 570,000
Deposit, non-resident (40%)
AED 1,140,000
Monthly over 25 years at 3.7%
AED 11,660

Plus AED 124,710 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →