701, Oceana - Southern
Sold prices and rental history: sold once, by the developer in April 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 701, Oceana - Southern
What is 701 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: YallaValue analysis of Dubai Land Department records. Updated 1 September 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,709 sqft
- Floor
- 8th of 14
- Parking
- B1-1365
- Developer
- Seven Tides
- Completed
- 2010
- Service charge
- AED 39,500 /yr
- Last sold
- AED 2.63M · April 2011
- Building
- Oceana - Southern
About 701, Oceana - Southern
701 is a two-bedroom apartment of 1,709 sqft on the 8th floor of Oceana - Southern, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. The developer sold it on 26 April 2011 for AED 2,633,847, or AED 1,540 per sqft, in line with the AED 1,509 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, signed on 1 September 2023, is AED 250,000 a year: a gross yield of 9.5% on the 2011 price, before the service charge of about AED 39,500 a year.
Sales and rents for 701 over time
701 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 701 sits
All 30 2-beds →701 last sold in April 2011 at AED 1,540 per sqft, in line with what two-beds in Oceana - Southern were fetching at the time (AED 1,509).
| 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 8th floor
All 92 units in Oceana - Southern| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 3-bed | 2,440 sqft | AED 3.4MAED 3,396,953 · Jan 2011January 2011 | ||
| 703 | 1-bed | 1,338 sqft | AED 3.85MAED 3,850,000 · May 2024May 2024 | 120,000 /yr | |
| 704 | 1-bed | 1,338 sqft | AED 1.91MAED 1,905,700 · Mar 2011March 2011 | 197,802 /yr | |
| 705 | 3-bed | 2,280 sqft | AED 5MAED 5,000,000 · May 2016May 2016 | 285,000 /yr | |
| 706 | 2-bed | 1,709 sqft | AED 3.25MAED 3,250,000 · Aug 2018August 2018 | 171,000 /yr |
701, Oceana - Southern in numbers
- Sold once: by Seven Tides on 26 April 2011 for AED 2,633,847, or AED 1,540 per sqft.
- Rented since July 2013 on 10 Ejari contracts. The rent fell from AED 183,600 to AED 145,000 in 2021 and recovered to AED 250,000 by September 2023.
- At AED 250,000 a year the gross yield on the 2011 price is 9.5%, 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 September 2023.
Questions about 701, Oceana - Southern
What did unit 701 last sell for?
AED 2,633,847 on 26 April 2011, sold by the developer: AED 1,540 per sqft for 1,709 sqft. It is the only registered sale of the unit.
What is the rent for unit 701?
AED 250,000 a year on the contract signed on 1 September 2023. The previous contract, from May 2022, was AED 152,250; the unit has been rented since July 2013.
How big is unit 701?
1,709 sqft (158.8 sqm): a two-bedroom apartment on the 8th floor of a 14-storey tower completed in 2010.
What is unit 701 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
Selling 701? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 701, Oceana - Southern
Starts from the last sale price (AED 2.63M, 26 April 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 2,633,847
- Deposit, UAE resident (20%)
- AED 526,769
- Deposit, non-resident (40%)
- AED 1,053,539
- Monthly over 25 years at 3.7%
- AED 10,776
Plus AED 115,632 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →