Oceana Residences - Sold Prices - Market Trends
Sold Prices and Market Trends for Oceana Residences.
Author: Gareth Davies - Award-Winning British Property Consultant
During 2024, the Sold Prices at Oceana (AED/sq.ft) showed modest but positive growth of at least 5% each quarter-year. During the past six months the growth has slowed-down to 5.8% compared to the average of 6.29% growth for the entire Palm Jumeirah island.
Graph: Palm Jumeirah : Sold Price Growth (AED/sq.ft)
Source: Property Monitor
Graph: Oceana Residences : Sold Price Growth
Source: PropertyMonitor.ae
The number of Sold apartments at Oceana during the first-half of 2025 has been less than during the same periods in 2023 and 2024.
Sold Prices at Oceana Residences
Source: Property Monitor
Source: PropertyMonitor.ae
Market key points:
There are a lot of Buyers requiring vacant apartments to purchase and occupy themselves but there are only a few available in any month. These potential owner-occupiers will often pay from 5% to 15% more for a vacant on transfer (VOT) apartment than a leased apartment with a tenant occupying,
Most of the Investor-Buyers are being attracted by the off-plan market where developers are offering very attractive payment plans including post-handover payments.
European buyers are generally attracted to white of light-coloured kitchen cabinets, living rooms with plenty of daylight and bathrooms which have good lighting (such as LED recessed ceiling lights).
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