506, Oceana - Caribbean
Sold prices and rental history: sold 3 times, last in October 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 506, Oceana - Caribbean
What is 506 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 6 October 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,709 sqft
- Floor
- 6th of 14
- Parking
- B1-1235
- Developer
- Seven Tides
- Completed
- 2010
- Service charge
- AED 39,500 /yr
- Last sold
- AED 4.83M · October 2023
- Building
- Oceana - Caribbean
About 506, Oceana - Caribbean
506 is a two-bedroom apartment of 1,709 sqft on the 6th floor of Oceana - Caribbean, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 6 October 2023 for AED 4,825,000, or AED 2,822 per sqft, in line with the AED 2,822 two-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 7 Ejari contracts. The current contract, renewed on 1 November 2020, is AED 250,000 a year: a gross yield of 5.2% on the 2023 price, before the service charge of about AED 39,500 a year.
Sales and rents for 506 over time
506 has sold 3 times; 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 - Caribbean, and where 506 sits
All 29 2-beds →506 last sold in October 2023 at AED 2,822 per sqft, in line with what two-beds in Oceana - Caribbean were fetching at the time (AED 2,822).
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 29 Mar 202529 March 2025 | 1,709 sqft | 6,525,000 | 3,817 | ||
| 27 Sep 202427 September 2024 | 1,955 sqft | 7,100,000 | 3,632 | ||
| 4 Jul 20244 July 2024 | 1,709 sqft | 5,555,000 | 3,250 | ||
| 21 Aug 202321 August 2023 | 1,709 sqft | 5,100,000 | 2,983 |
Oceana - Caribbean
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 5,044
- Typical sale
- AED 11.5M
- Typical rent
- AED 306K /yr
- Typical yield
- 3.4%
Other units on the 6th floor
All 92 units in Oceana - Caribbean| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,709 sqft | AED 5.56MAED 5,555,000 · Jul 2024July 2024 | 165,000 /yr | |
| 502 | 3-bed | 2,280 sqft | AED 4.6MAED 4,600,000 · Jul 2021July 2021 | 180,000 /yr | |
| 503 | 1-bed | 1,338 sqft | AED 2.65MAED 2,650,000 · May 2013May 2013 | 300,000 /yr | |
| 504 | 1-bed | 1,338 sqft | AED 3.7MAED 3,700,000 · Nov 2024November 2024 | 120,000 /yr | |
| 505 | 3-bed | 2,280 sqft | AED 2.9MAED 2,900,000 · Oct 2020October 2020 | 280,000 /yr |
506, Oceana - Caribbean in numbers
- Sold 3 times: first on 12 December 2010 for AED 2,294,845, last on 6 October 2023 for AED 4,825,000 (AED 2,822 per sqft).
- Rented since June 2012 on 7 Ejari contracts, from AED 222,000 to AED 250,000 a year.
- At AED 250,000 a year the gross yield on the 2023 price is 5.2%, 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 October 2023.
Questions about 506, Oceana - Caribbean
What did unit 506 last sell for?
AED 4,825,000 on 6 October 2023: AED 2,822 per sqft for 1,709 sqft. The unit has 3 registered sales; the first was AED 2,294,845 in December 2010.
What is the rent for unit 506?
AED 250,000 a year on the contract renewed on 1 November 2020. The previous contract, from November 2019, was AED 250,000; the unit has been rented since June 2012.
How big is unit 506?
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 506 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 506, Oceana - Caribbean
Starts from the last sale price (AED 4.83M, 6 October 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 4,825,000
- Deposit, UAE resident (20%)
- AED 965,000
- Deposit, non-resident (40%)
- AED 1,930,000
- Monthly over 25 years at 3.7%
- AED 19,741
Plus AED 207,660 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →