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1-bed · 1,338 sqftOceana - Caribbean, Palm Jumeirah · 7th floor · completed 2010

604, Oceana - Caribbean

Sold prices and rental history: sold twice, last in October 2017, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 604 · DLD and Ejari recordsUpdated 8 October 2017
Last soldAED 2.43M8 October 2017
Current rentAED 150K /yr14 September 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 604, Oceana - Caribbean

What is 604 worth today?

Last sold for AED 2,425,000 in 2017

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8 Oct 2017SoldReady
AED 2,425,000AED 1,812 per sqft
14 Sep 2017RentedNew contract
AED 150,000/yr1 months · AED 112 per sqft
1 Nov 2013RentedNew contract
AED 150,000/yr12 months · AED 112 per sqft
2 Jan 2011Sold by developerReady
AED 1,651,581AED 1,234 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 8 October 2017.

Key facts

Type
1-bed apartment
Size
1,338 sqft
Floor
7th of 14
Parking
B1-1238
Developer
Seven Tides
Completed
2010
Service charge
AED 30,900 /yr
Last sold
AED 2.43M · October 2017
Building
Oceana - Caribbean

About 604, Oceana - Caribbean

604 is a one-bedroom apartment of 1,338 sqft on the 7th floor of Oceana - Caribbean, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 8 October 2017 for AED 2,425,000, or AED 1,812 per sqft, in line with the AED 1,812 one-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 14 September 2017, is AED 150,000 a year: a gross yield of 6.2% on the 2017 price, before the service charge of about AED 30,900 a year.

Sales and rents for 604 over time

Sales
Unit 604, each saleTypical one-bed in Oceana - Caribbean
2M3M2010201420182022Typical sale price by year: 2010 AED 1,628,642; 2011 AED 1,688,529; 2012 AED 1,800,000; 2013 AED 2,600,000; 2014 AED 2,180,000; 2017 AED 2,425,000; 2021 AED 1,850,000; 2022 AED 2,550,000; 2024 AED 3,250,000Sold by developer, January 2011: AED 1,651,581 (AED 1,234 per sqft)Sold, October 2017: AED 2,425,000 (AED 1,812 per sqft)

604 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 604, each contractTypical one-bed in Oceana - Caribbean
100K150K2013201720212025Typical rent by year: 2013 AED 147,500; 2014 AED 155,000; 2015 AED 165,834; 2016 AED 165,000; 2017 AED 155,000; 2018 AED 135,000; 2019 AED 125,000; 2020 AED 110,000; 2021 AED 115,000; 2022 AED 130,000; 2023 AED 170,000; 2024 AED 181,500; 2025 AED 179,246New contract, November 2013: AED 150,000 a yearNew contract, September 2017: AED 150,000 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 - Caribbean, and where 604 sits

All 31 1-beds →

604 last sold in October 2017 at AED 1,812 per sqft, in line with what one-beds in Oceana - Caribbean were fetching at the time (AED 1,812). 604's AED 150,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
1 May 20254,500,000
12 Dec 20242,850,000
25 Nov 20243,700,000
29 Aug 20244,050,000
0 1-bed sales in the last 12 months

Oceana - Caribbean

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 5,044
Typical sale
AED 11.5M
Typical rent
AED 306K /yr
Typical yield
3.4%
Oceana - Caribbean, Palm Jumeirah: prices, sales and rents →

Other units on the 7th floor

All 92 units in Oceana - Caribbean
Value
6012-bedAED 2.7M · Jun 2011
6023-bedAED 3.8M · Mar 2012
6031-bedAED 2.63M · Jun 2022
6053-bedAED 5.53M · Jul 2013
6062-bedAED 3.4M · Nov 2012

604, Oceana - Caribbean in numbers

  • Sold twice: first on 2 January 2011 for AED 1,651,581, last on 8 October 2017 for AED 2,425,000 (AED 1,812 per sqft).
  • Rented since November 2013 on 2 Ejari contracts, at AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2017 price is 6.2%, before a service charge of about AED 30,900 a year (AED 23.10 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 8 October 2017.

Questions about 604, Oceana - Caribbean

What did unit 604 last sell for?

AED 2,425,000 on 8 October 2017: AED 1,812 per sqft for 1,338 sqft. The unit has 2 registered sales; the first was AED 1,651,581 in January 2011.

What is the rent for unit 604?

AED 150,000 a year on the contract signed on 14 September 2017. The previous contract, from November 2013, was AED 150,000.

How big is unit 604?

1,338 sqft (124.3 sqm): a one-bedroom apartment on the 7th floor of a 14-storey tower completed in 2010.

What is unit 604 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 604, Oceana - Caribbean

Starts from the last sale price (AED 2.43M, 8 October 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,425,000
Deposit, UAE resident (20%)
AED 485,000
Deposit, non-resident (40%)
AED 970,000
Monthly over 25 years at 3.7%
AED 9,921

Plus AED 106,860 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →