1-bed · 809 sqftAzure, Dubai Marina · 4th floor · completed 2005

407, Azure

Sold prices and rental history: sold once, by the developer in February 2011, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 407 · DLD and Ejari recordsUpdated 16 May 2024
Last soldAED 440K3 February 2011
Current rentAED 60K /yr16 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 407, Azure

What is 407 worth today?

Last sold for AED 440,000 in 2011

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16 May 2024RentedRenewal
AED 60,000/yr12 months · AED 74 per sqft
16 May 2024RentedRenewal
AED 60,000/yr12 months · AED 74 per sqft
16 May 2023RentedRenewal
AED 60,000/yr12 months · AED 74 per sqft
16 May 2022RentedRenewal
AED 60,000/yr12 months · AED 74 per sqft
16 May 2021RentedRenewal
AED 55,000/yr12 months · AED 68 per sqft
16 May 2020RentedRenewal
AED 65,000/yr12 months · AED 81 per sqft
16 May 2019RentedRenewal
AED 85,000/yr12 months · AED 105 per sqft
16 May 2018RentedNew contract
AED 85,000/yr12 months · AED 105 per sqft

Source: Dubai Land Department. Updated 16 May 2024.

Key facts

Type
1-bed apartment
Size
809 sqft
Floor
4th of 5
Parking
B1-407
Developer
BONYAN INTERNATIONAL INVESTMENT GROUP (HOLDING)
Completed
2005
Service charge
AED 15,800 /yr
Last sold
AED 440K · February 2011
Building
Azure

About 407, Azure

407 is a one-bedroom apartment of 809 sqft on the 4th floor of Azure, a 5-storey tower in Dubai Marina completed in 2005 by BONYAN INTERNATIONAL INVESTMENT GROUP (HOLDING). The developer sold it on 3 February 2011 for AED 440,000, or AED 544 per sqft, 11% below the AED 609 one-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 8 Ejari contracts. The current contract, renewed on 16 May 2024, is AED 60,000 a year: a gross yield of 13.6% on the 2011 price, before the service charge of about AED 15,800 a year.

Sales and rents for 407 over time

Sales
Unit 407, each saleTypical one-bed in Azure
500K1M1.5M2008201320182023Typical sale price by year: 2008 AED 585,000; 2009 AED 580,000; 2010 AED 550,000; 2011 AED 507,500; 2013 AED 754,289; 2014 AED 1,120,000; 2015 AED 925,000; 2016 AED 837,500; 2020 AED 675,000; 2022 AED 706,000; 2023 AED 1,200,000; 2025 AED 1,262,500; 2026 AED 1,380,000Sold by developer, February 2011: AED 440,000 (AED 544 per sqft)

407 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 407, each contractTypical one-bed in Azure
60K80K2012201620202024Typical rent by year: 2012 AED 60,000; 2013 AED 65,000; 2014 AED 86,316; 2015 AED 92,250; 2016 AED 84,500; 2017 AED 81,000; 2018 AED 75,000; 2019 AED 62,000; 2020 AED 50,000; 2021 AED 55,000; 2022 AED 64,000; 2023 AED 68,000; 2024 AED 77,250; 2025 AED 80,000; 2026 AED 85,000New contract, May 2018: AED 85,000 a yearRenewal, May 2019: AED 85,000 a yearRenewal, May 2020: AED 65,000 a yearRenewal, May 2021: AED 55,000 a yearRenewal, May 2022: AED 60,000 a yearRenewal, May 2023: AED 60,000 a yearRenewal, May 2024: AED 60,000 a yearRenewal, May 2024: AED 60,000 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 Azure, and where 407 sits

All 39 1-beds →

407 last sold in February 2011 at AED 544 per sqft, 11% below what one-beds in Azure were fetching at the time (AED 609). Over the last 12 months one-beds sold for AED 1,100,000 to 1,500,000, around AED 1,272 per sqft, and rent for AED 62,000 to 120,000 a year. 407's AED 60,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
14 Oct 20261,500,000
18 May 20261,100,000
2 Feb 20261,380,000
31 Oct 20251,130,000
3 1-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
4052-bedAED 1.35M · Dec 2022
4061-bedAED 1.1M · May 2026
4081-bedAED 450K · Jun 2013
1–7 of 14

407, Azure in numbers

  • Sold once: by BONYAN INTERNATIONAL INVESTMENT GROUP (HOLDING) on 3 February 2011 for AED 440,000, or AED 544 per sqft.
  • Rented since May 2018 on 8 Ejari contracts, from AED 85,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2011 price is 13.6%, before a service charge of about AED 15,800 a year (AED 19.56 per sqft).
  • One-beds in Azure sold for AED 1,100,000–1,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,268 per sqft.

Source: Dubai Land Department. Updated 16 May 2024.

Questions about 407, Azure

What did unit 407 last sell for?

AED 440,000 on 3 February 2011, sold by the developer: AED 544 per sqft for 809 sqft. It is the only registered sale of the unit.

What is the rent for unit 407?

AED 60,000 a year on the contract renewed on 16 May 2024. The previous contract, from May 2024, was AED 60,000; the unit has been rented since May 2018.

How big is unit 407?

809 sqft (75.2 sqm): a one-bedroom apartment on the 4th floor of a 5-storey tower completed in 2005.

What is unit 407 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Azure sold for AED 1,100,000 to 1,500,000 in the last 12 months, around AED 1,272 per sqft.

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Mortgage on 407, Azure

Starts from the last sale price (AED 440K, 3 February 2011). Switch to today's estimate once you have unlocked it.
Price
AED 440,000
Deposit, UAE resident (20%)
AED 88,000
Deposit, non-resident (40%)
AED 176,000
Monthly over 25 years at 3.7%
AED 1,800

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