401, Oceana - Southern
Sold prices and rental history: sold twice, last in February 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 401, Oceana - Southern
What is 401 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 5 June 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,709 sqft
- Floor
- 5th of 14
- Parking
- B1-1331
- Developer
- Seven Tides
- Completed
- 2010
- Service charge
- AED 39,500 /yr
- Last sold
- AED 3.15M · February 2012
- Building
- Oceana - Southern
About 401, Oceana - Southern
401 is a two-bedroom apartment of 1,709 sqft on the 5th floor of Oceana - Southern, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 1 February 2012 for AED 3,150,000, or AED 1,842 per sqft, 25% above the AED 1,470 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, signed on 5 June 2024, is AED 325,000 a year: a gross yield of 10.3% on the 2012 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 - Southern, and where 401 sits
All 30 2-beds →401 last sold in February 2012 at AED 1,842 per sqft, 25% above what two-beds in Oceana - Southern were fetching at the time (AED 1,470).
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 29 Aug 202429 August 2024 | 1,709 sqft | 4,700,000 | 2,749 | ||
| 20 Jun 202420 June 2024 | 2,444 sqft | 4,000,000 | 1,636 | ||
| 28 May 202428 May 2024 | 2,444 sqft | 4,296,648 | 1,758 | ||
| 13 May 202413 May 2024 | 1,709 sqft | 4,150,000 | 2,428 |
Oceana - Southern
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 220K /yr
- Typical yield
Other units on the 5th floor
All 92 units in Oceana - Southern| ValueToday's value | |||||
|---|---|---|---|---|---|
| 402 | 3-bed | 2,440 sqft | AED 6.8MAED 6,800,000 · Oct 2021October 2021 | ||
| 403 | 1-bed | 1,338 sqft | AED 2.7MAED 2,700,000 · Jul 2017July 2017 | 155,000 /yr | |
| 404 | 1-bed | 1,338 sqft | AED 2.3MAED 2,300,000 · Oct 2012October 2012 | 260,000 /yr | |
| 405 | 3-bed | 2,280 sqft | AED 6.02MAED 6,020,000 · Apr 2024April 2024 | 176,400 /yr | |
| 406 | 2-bed | 1,709 sqft | AED 3.7MAED 3,700,000 · Sep 2022September 2022 | 434,500 /yr |
401, Oceana - Southern in numbers
- Sold twice: first on 11 May 2011 for AED 2,477,500, last on 1 February 2012 for AED 3,150,000 (AED 1,842 per sqft).
- Rented since November 2013 on 8 Ejari contracts. The rent fell from AED 250,000 to AED 130,000 in 2020 and recovered to AED 325,000 by June 2024.
- At AED 325,000 a year the gross yield on the 2012 price is 10.3%, 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 5 June 2024.
Questions about 401, Oceana - Southern
What did unit 401 last sell for?
AED 3,150,000 on 1 February 2012: AED 1,842 per sqft for 1,709 sqft. The unit has 2 registered sales; the first was AED 2,477,500 in May 2011.
What is the rent for unit 401?
AED 325,000 a year on the contract signed on 5 June 2024. The previous contract, from May 2023, was AED 180,611; the unit has been rented since November 2013.
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 - Southern
Starts from the last sale price (AED 3.15M, 1 February 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 3,150,000
- Deposit, UAE resident (20%)
- AED 630,000
- Deposit, non-resident (40%)
- AED 1,260,000
- Monthly over 25 years at 3.7%
- AED 12,888
Plus AED 137,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →