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2-bed · 1,721 sqftAzure, Dubai Marina · 4th floor · completed 2005

405, Azure

Sold prices and rental history: sold 3 times, last in December 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 405 · DLD and Ejari recordsUpdated 16 December 2022
Last soldAED 1.35M16 December 2022
Current rentAED 70K /yr5 December 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 405, Azure

What is 405 worth today?

Last sold for AED 1,350,000 in 2022

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16 Dec 2022SoldReady
AED 1,350,000AED 784 per sqft
5 Dec 2020RentedNew contract
AED 70,000/yr12 months · AED 41 per sqft
30 Jul 2019RentedNew contract
AED 100,000/yr12 months · AED 58 per sqft
10 Jun 2018RentedNew contract
AED 110,000/yr12 months · AED 64 per sqft
1 Jun 2013RentedNew contract
AED 100,000/yr12 months · AED 58 per sqft
10 Sep 2008SoldReady
AED 1,040,279AED 604 per sqft
13 Aug 2008Sold by developerReady
AED 900,000AED 523 per sqft

Source: Dubai Land Department. Updated 16 December 2022.

Key facts

Type
2-bed apartment
Size
1,721 sqft
Floor
4th of 5
Parking
B1-405-A, B1-405-B
Developer
BONYAN INTERNATIONAL INVESTMENT GROUP (HOLDING)
Completed
2005
Service charge
AED 33,700 /yr
Last sold
AED 1.35M · December 2022
Building
Azure

About 405, Azure

405 is a two-bedroom apartment of 1,721 sqft on the 4th floor of Azure, a 5-storey tower in Dubai Marina completed in 2005 by BONYAN INTERNATIONAL INVESTMENT GROUP (HOLDING). It last sold on 16 December 2022 for AED 1,350,000, or AED 784 per sqft, in line with the AED 790 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, signed on 5 December 2020, is AED 70,000 a year: a gross yield of 5.2% on the 2022 price, before the service charge of about AED 33,700 a year.

Sales and rents for 405 over time

Sales
Unit 405, each saleTypical two-bed in Azure
1M1.5M2008201320182023Typical sale price by year: 2008 AED 950,000; 2009 AED 845,000; 2010 AED 944,722; 2011 AED 833,250; 2012 AED 1,010,000; 2013 AED 855,000; 2017 AED 1,642,500; 2022 AED 1,375,000; 2023 AED 1,450,000; 2024 AED 1,725,000Sold by developer, August 2008: AED 900,000 (AED 523 per sqft)Sold, September 2008: AED 1,040,279 (AED 604 per sqft)Sold, December 2022: AED 1,350,000 (AED 784 per sqft)

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

Rents
Unit 405, each contractTypical two-bed in Azure
100K2013201720212025Typical rent by year: 2013 AED 110,000; 2014 AED 130,000; 2015 AED 127,500; 2016 AED 130,000; 2017 AED 119,644; 2018 AED 102,500; 2019 AED 87,500; 2020 AED 80,000; 2021 AED 75,000; 2022 AED 81,000; 2023 AED 110,000; 2024 AED 110,000; 2025 AED 122,000; 2026 AED 123,500New contract, June 2013: AED 100,000 a yearNew contract, June 2018: AED 110,000 a yearNew contract, July 2019: AED 100,000 a yearNew contract, December 2020: AED 70,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Azure, and where 405 sits

All 22 2-beds →

405 last sold in December 2022 at AED 784 per sqft, in line with what two-beds in Azure were fetching at the time (AED 790). 405's AED 70,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
26 May 20252,500,000
23 May 20252,750,000
12 Dec 20241,750,000
18 Nov 20242,203,010
0 2-bed sales in the last 12 months

Azure

Building

78 apartments, 1-bed to 4-bed over 5 floors in Dubai Marina, completed in 2005 by BONYAN INTERNATIONAL INVESTMENT GROUP (HOLDING). 7 sold in the last 12 months.

Typical price per sqft
AED 1,268
Typical sale
AED 3M
Typical rent
AED 95K /yr
Typical yield
7.8%
Azure, Dubai Marina: prices, sales and rents →

Other units on the 4th floor

All 78 units in Azure
Value
4011-bedAED 740K · Dec 2022
4021-bedAED 475K · May 2009
4031-bedAED 650K · Nov 2021
4042-bedAED 1.7M · Jul 2024
4061-bedAED 1.1M · May 2026
4071-bedAED 440K · Feb 2011
4081-bedAED 450K · Jun 2013
1–7 of 14

405, Azure in numbers

  • Sold 3 times: first on 13 August 2008 for AED 900,000, last on 16 December 2022 for AED 1,350,000 (AED 784 per sqft).
  • Rented since June 2013 on 4 Ejari contracts, from AED 100,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2022 price is 5.2%, before a service charge of about AED 33,700 a year (AED 19.56 per sqft).

Source: Dubai Land Department. Updated 16 December 2022.

Questions about 405, Azure

What did unit 405 last sell for?

AED 1,350,000 on 16 December 2022: AED 784 per sqft for 1,721 sqft. The unit has 3 registered sales; the first was AED 900,000 in August 2008.

What is the rent for unit 405?

AED 70,000 a year on the contract signed on 5 December 2020. The previous contract, from July 2019, was AED 100,000; the unit has been rented since June 2013.

How big is unit 405?

1,721 sqft (159.9 sqm): a two-bedroom apartment on the 4th floor of a 5-storey tower completed in 2005.

What is unit 405 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 405, Azure

Starts from the last sale price (AED 1.35M, 16 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,350,000
Deposit, UAE resident (20%)
AED 270,000
Deposit, non-resident (40%)
AED 540,000
Monthly over 25 years at 3.7%
AED 5,523

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →