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

604, Oceana - Southern

Sold prices and rental history: sold 3 times, last in March 2023, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 604 · DLD and Ejari recordsUpdated 20 March 2024
Last soldAED 3.6M13 March 2023
Current rentAED 300K /yr20 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 604, Oceana - Southern

What is 604 worth today?

Last sold for AED 3,600,000 in 2023

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20 Mar 2024RentedNew contract
AED 300,000/yr12 months · AED 225 per sqft
13 Mar 2023SoldReady
AED 3,600,000AED 2,690 per sqft
4 Apr 2022SoldReady
AED 1,919,377AED 1,434 per sqft
1 Aug 2021RentedNew contract
AED 130,000/yr12 months · AED 97 per sqft
1 May 2020RentedRenewal
AED 125,000/yr12 months · AED 93 per sqft
1 May 2019RentedNew contract
AED 150,000/yr12 months · AED 112 per sqft
1 May 2019RentedNew contract
AED 135,000/yr12 months · AED 101 per sqft
18 Nov 2017RentedNew contract
AED 140,000/yr12 months · AED 105 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 20 March 2024.

Key facts

Type
1-bed apartment
Size
1,338 sqft
Floor
7th of 14
Parking
B1-1360
Developer
Seven Tides
Completed
2010
Service charge
AED 30,900 /yr
Last sold
AED 3.6M · March 2023

About 604, Oceana - Southern

604 is a one-bedroom apartment of 1,338 sqft on the 7th floor of Oceana - Southern, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. It last sold on 13 March 2023 for AED 3,600,000, or AED 2,690 per sqft, 20% above the AED 2,241 one-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 10 Ejari contracts. The current contract, signed on 20 March 2024, is AED 300,000 a year: a gross yield of 8.3% on the 2023 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 - 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, January 2011: AED 921,813 (AED 688 per sqft)Sold, April 2022: AED 1,919,377 (AED 1,434 per sqft)Sold, March 2023: AED 3,600,000 (AED 2,690 per sqft)

604 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 604, each contractTypical one-bed in Oceana - Southern
100K200K300K2012201620202024Typical 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, November 2012: AED 126,000 a yearNew contract, November 2013: AED 150,000 a yearRenewal, November 2015: AED 150,000 a yearRenewal, November 2016: AED 150,000 a yearNew contract, November 2017: AED 140,000 a yearNew contract, May 2019: AED 150,000 a yearNew contract, May 2019: AED 135,000 a yearRenewal, May 2020: AED 125,000 a yearNew contract, August 2021: AED 130,000 a yearNew contract, March 2024: AED 300,000 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 604 sits

All 33 1-beds →

604 last sold in March 2023 at AED 2,690 per sqft, 20% above what one-beds in Oceana - Southern were fetching at the time (AED 2,241). 604's AED 300,000 is at the top 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 7th floor

All 92 units in Oceana - Southern
Value
6012-bedAED 2.6M · Sep 2010
6023-bedAED 6.55M · May 2016
6031-bedAED 3M · Sep 2022
6053-bedAED 4.37M · Jun 2024
6062-bedAED 3.85M · Dec 2015

604, Oceana - Southern in numbers

  • Sold 3 times: first on 12 January 2011 for AED 921,813, last on 13 March 2023 for AED 3,600,000 (AED 2,690 per sqft).
  • Rented since November 2012 on 10 Ejari contracts, from AED 126,000 to AED 300,000 a year.
  • At AED 300,000 a year the gross yield on the 2023 price is 8.3%, 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 20 March 2024.

Questions about 604, Oceana - Southern

What did unit 604 last sell for?

AED 3,600,000 on 13 March 2023: AED 2,690 per sqft for 1,338 sqft. The unit has 3 registered sales; the first was AED 921,813 in January 2011.

What is the rent for unit 604?

AED 300,000 a year on the contract signed on 20 March 2024. The previous contract, from August 2021, was AED 130,000; the unit has been rented since November 2012.

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 - Southern

Starts from the last sale price (AED 3.6M, 13 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,600,000
Deposit, UAE resident (20%)
AED 720,000
Deposit, non-resident (40%)
AED 1,440,000
Monthly over 25 years at 3.7%
AED 14,729

Plus AED 156,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →