1-bed · 1,338 sqftOceana - Southern, Palm Jumeirah · 5th floor · completed 2010

403, Oceana - Southern

Sold prices and rental history: sold 4 times, last in July 2017, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 403 · DLD and Ejari recordsUpdated 18 July 2017
Last soldAED 2.7M18 July 2017
Current rentAED 155K /yr4 June 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 403, Oceana - Southern

What is 403 worth today?

Last sold for AED 2,700,000 in 2017

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18 Jul 2017SoldReady
AED 2,700,000AED 2,017 per sqft
4 Jun 2016RentedRenewal
AED 155,000/yr12 months · AED 116 per sqft
4 Jun 2015RentedNew contract
AED 155,000/yr12 months · AED 116 per sqft
28 Feb 2014RentedNew contract
AED 140,000/yr12 months · AED 105 per sqft
6 Feb 2014SoldReady
AED 2,750,000AED 2,055 per sqft
28 Feb 2013RentedNew contract
AED 130,000/yr12 months · AED 97 per sqft
12 Sep 2012SoldReady
AED 2,100,000AED 1,569 per sqft
16 Feb 2012Sold by developerReady
AED 879,136AED 656 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 18 July 2017.

Key facts

Type
1-bed apartment
Size
1,338 sqft
Floor
5th of 14
Parking
B1-1408
Developer
Seven Tides
Completed
2010
Service charge
AED 30,900 /yr
Last sold
AED 2.7M · July 2017

About 403, Oceana - Southern

403 is a one-bedroom apartment of 1,338 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 18 July 2017 for AED 2,700,000, or AED 2,017 per sqft, 34% above the AED 1,502 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, renewed on 4 June 2016, is AED 155,000 a year: a gross yield of 5.7% on the 2017 price, before the service charge of about AED 30,900 a year.

Sales and rents for 403 over time

Sales
Unit 403, each saleTypical one-bed in Oceana - Southern
2M4M2010201420182022Typical sale price by year: 2010 AED 1,946,048; 2011 AED 1,707,060; 2012 AED 1,807,680; 2013 AED 2,450,000; 2014 AED 2,500,000; 2015 AED 2,075,000; 2017 AED 2,625,000; 2022 AED 2,459,689; 2023 AED 2,743,500; 2024 AED 3,655,000Sold by developer, February 2012: AED 879,136 (AED 656 per sqft)Sold, September 2012: AED 2,100,000 (AED 1,569 per sqft)Sold, February 2014: AED 2,750,000 (AED 2,055 per sqft)Sold, July 2017: AED 2,700,000 (AED 2,017 per sqft)

403 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 403, each contractTypical one-bed in Oceana - Southern
100K150K200K2012201620202024Typical rent by year: 2012 AED 131,750; 2013 AED 140,000; 2014 AED 157,279; 2015 AED 155,000; 2016 AED 162,500; 2017 AED 150,000; 2018 AED 130,000; 2019 AED 129,231; 2020 AED 110,000; 2021 AED 115,000; 2022 AED 142,500; 2023 AED 163,560; 2024 AED 158,298; 2025 AED 205,000New contract, February 2013: AED 130,000 a yearNew contract, February 2014: AED 140,000 a yearNew contract, June 2015: AED 155,000 a yearRenewal, June 2016: AED 155,000 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 - Southern, and where 403 sits

All 33 1-beds →

403 last sold in July 2017 at AED 2,017 per sqft, 34% above what one-beds in Oceana - Southern were fetching at the time (AED 1,502). 403's AED 155,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
19 May 20252,915,000
14 Nov 20243,655,000
4 Jun 20241,650,000
22 May 20243,850,000
0 1-bed sales in the last 12 months

Oceana - Southern

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 220K /yr
Typical yield
Oceana - Southern, Palm Jumeirah: prices, sales and rents →

Other units on the 5th floor

All 92 units in Oceana - Southern
Value
4012-bedAED 3.15M · Feb 2012
4023-bedAED 6.8M · Oct 2021
4041-bedAED 2.3M · Oct 2012
4053-bedAED 6.02M · Apr 2024
4062-bedAED 3.7M · Sep 2022

403, Oceana - Southern in numbers

  • Sold 4 times: first on 16 February 2012 for AED 879,136, last on 18 July 2017 for AED 2,700,000 (AED 2,017 per sqft).
  • Rented since February 2013 on 4 Ejari contracts, from AED 130,000 to AED 155,000 a year.
  • At AED 155,000 a year the gross yield on the 2017 price is 5.7%, 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 18 July 2017.

Questions about 403, Oceana - Southern

What did unit 403 last sell for?

AED 2,700,000 on 18 July 2017: AED 2,017 per sqft for 1,338 sqft. The unit has 4 registered sales; the first was AED 879,136 in February 2012.

What is the rent for unit 403?

AED 155,000 a year on the contract renewed on 4 June 2016. The previous contract, from June 2015, was AED 155,000; the unit has been rented since February 2013.

How big is unit 403?

1,338 sqft (124.3 sqm): a one-bedroom apartment on the 5th floor of a 14-storey tower completed in 2010.

What is unit 403 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 403, Oceana - Southern

Starts from the last sale price (AED 2.7M, 18 July 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,700,000
Deposit, UAE resident (20%)
AED 540,000
Deposit, non-resident (40%)
AED 1,080,000
Monthly over 25 years at 3.7%
AED 11,047

Plus AED 118,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →