501, Oceana - Southern
Sold prices and rental history: sold once, by the developer in January 2011, 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 501, Oceana - Southern
What is 501 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 November 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,709 sqft
- Floor
- 6th of 14
- Parking
- B1-1339
- Developer
- Seven Tides
- Completed
- 2010
- Service charge
- AED 39,500 /yr
- Last sold
- AED 2.56M · January 2011
- Building
- Oceana - Southern
About 501, Oceana - Southern
501 is a two-bedroom apartment of 1,709 sqft on the 6th floor of Oceana - Southern, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. The developer sold it on 2 January 2011 for AED 2,561,687, or AED 1,498 per sqft, in line with the AED 1,519 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, renewed on 1 November 2024, is AED 170,775 a year: a gross yield of 6.7% on the 2011 price, before the service charge of about AED 39,500 a year.
Sales and rents for 501 over time
501 has sold once; 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 501 sits
All 30 2-beds →501 last sold in January 2011 at AED 1,498 per sqft, in line with what two-beds in Oceana - Southern were fetching at the time (AED 1,519).
| 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 6th floor
All 92 units in Oceana - Southern| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | 3-bed | 2,440 sqft | AED 6.5MAED 6,500,000 · Jul 2012July 2012 | ||
| 503 | 1-bed | 1,338 sqft | AED 1.82MAED 1,818,019 · Sep 2010September 2010 | 160,000 /yr | |
| 504 | 1-bed | 1,338 sqft | AED 2.8MAED 2,800,000 · Nov 2013November 2013 | 220,000 /yr | |
| 505 | 3-bed | 2,280 sqft | AED 3.65MAED 3,650,000 · Jul 2021July 2021 | 360,000 /yr | |
| 506 | 2-bed | 1,709 sqft | AED 3.75MAED 3,750,000 · Jun 2016June 2016 | 200,000 /yr |
501, Oceana - Southern in numbers
- Sold once: by Seven Tides on 2 January 2011 for AED 2,561,687, or AED 1,498 per sqft.
- Rented since May 2013 on 11 Ejari contracts. The rent fell from AED 190,000 to AED 125,000 in 2020 and recovered to AED 170,775 by November 2024.
- At AED 170,775 a year the gross yield on the 2011 price is 6.7%, 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 1 November 2024.
Questions about 501, Oceana - Southern
What did unit 501 last sell for?
AED 2,561,687 on 2 January 2011, sold by the developer: AED 1,498 per sqft for 1,709 sqft. It is the only registered sale of the unit.
What is the rent for unit 501?
AED 170,775 a year on the contract renewed on 1 November 2024. The previous contract, from November 2023, was AED 148,500; the unit has been rented since May 2013.
How big is unit 501?
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 501 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 501, Oceana - Southern
Starts from the last sale price (AED 2.56M, 2 January 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 2,561,687
- Deposit, UAE resident (20%)
- AED 512,337
- Deposit, non-resident (40%)
- AED 1,024,675
- Monthly over 25 years at 3.7%
- AED 10,481
Plus AED 112,600 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →