1-bed · 966 sqftAzizi Mina, Palm Jumeirah · 3rd floor · completed 2021

316, Azizi Mina

Sold prices and rental history: sold once, by the developer in March 2023, and rented once, from March 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 316 · DLD and Ejari recordsUpdated 16 March 2024
Last soldAED 2.37M20 March 2023
Current rentAED 150K /yr16 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 316, Azizi Mina

What is 316 worth today?

Last sold for AED 2,365,167 in 2023

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

16 Mar 2024RentedNew contract
AED 150,000/yr12 months · AED 155 per sqft
20 Mar 2023Sold by developerReady
AED 2,365,167AED 2,448 per sqft

Source: Dubai Land Department. Updated 16 March 2024.

Key facts

Type
1-bed hotel apartment
Size
966 sqft
Floor
3rd of 9
Parking
B-97
Developer
Azizi Developments
Completed
2021
Last sold
AED 2.37M · March 2023
Building
Azizi Mina

About 316, Azizi Mina

316 is a one-bedroom hotel apartment of 966 sqft on the 3rd floor of Azizi Mina, a 9-storey tower in Palm Jumeirah completed in 2021 by Azizi Developments. The developer sold it on 20 March 2023 for AED 2,365,167, or AED 2,448 per sqft, 4% below the AED 2,541 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 16 March 2024. The current contract, signed on 16 March 2024, is AED 150,000 a year: a gross yield of 6.3% on the 2023 price.

Sales and rents for 316 over time

Sales
Unit 316, each saleTypical one-bed in Azizi Mina
2.2M2.4M2.6M2017202020232026Typical sale price by year: 2017 AED 2,343,849; 2018 AED 2,431,441; 2019 AED 2,479,027; 2021 AED 2,120,085; 2022 AED 2,320,014; 2023 AED 2,556,960; 2024 AED 2,330,000; 2025 AED 2,150,000; 2026 AED 2,125,000Sold by developer, March 2023: AED 2,365,167 (AED 2,448 per sqft)

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

Rents
Unit 316, each contractTypical one-bed in Azizi Mina
120K140K2021202320252027Typical rent by year: 2021 AED 112,500; 2022 AED 125,000; 2023 AED 132,000; 2024 AED 143,000; 2025 AED 125,000; 2026 AED 115,000New contract, March 2024: AED 150,000 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 Azizi Mina, and where 316 sits

All 119 1-beds →

316 last sold in March 2023 at AED 2,448 per sqft, 4% below what one-beds in Azizi Mina were fetching at the time (AED 2,541). Over the last 12 months one-beds sold for AED 700,000 to 3,125,700, around AED 2,089 per sqft, and rent for AED 83,000 to 150,000 a year. 316's AED 150,000 is at the top of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
12 Oct 20261,800,000
9 Oct 20261,950,000
4 Sep 20262,150,000
27 Jul 20262,200,000
14 1-bed sales in the last 12 months

Azizi Mina

Building

175 apartments, 1-bed to 3-bed over 9 floors in Palm Jumeirah, completed in 2021 by Azizi Developments. 17 sold in the last 12 months.

Typical price per sqft
AED 2,076 Down 5.6%
Typical sale
AED 2.13M
Typical rent
AED 120K /yr
Typical yield
5.7%
Azizi Mina, Palm Jumeirah: prices, sales and rents →

Other units on the 3rd floor

All 175 units in Azizi Mina
Value
3011-bedAED 2.39M · Apr 2018
3021-bedAED 2.49M · Oct 2017
3031-bedAED 2.47M · Apr 2018
3042-bedAED 3.54M · Sep 2022
3052-bedAED 3.36M · Jun 2022
3061-bedAED 2.3M · Nov 2017
3071-bedAED 2.16M · Jun 2021
1–7 of 20

316, Azizi Mina in numbers

  • Sold once: by Azizi Developments on 20 March 2023 for AED 2,365,167, or AED 2,448 per sqft.
  • Rented since March 2024 on one Ejari contract, at AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2023 price is 6.3%.
  • One-beds in Azizi Mina sold for AED 700,000–3,125,700 in the 12 months to November 2026; the building's median across all types is AED 2,076 per sqft.

Source: Dubai Land Department. Updated 16 March 2024.

Questions about 316, Azizi Mina

What did unit 316 last sell for?

AED 2,365,167 on 20 March 2023, sold by the developer: AED 2,448 per sqft for 966 sqft. It is the only registered sale of the unit.

What is the rent for unit 316?

AED 150,000 a year on the contract signed on 16 March 2024.

How big is unit 316?

966 sqft (89.7 sqm): a one-bedroom hotel apartment on the 3rd floor of a 9-storey tower completed in 2021.

What is unit 316 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Azizi Mina sold for AED 700,000 to 3,125,700 in the last 12 months, around AED 2,089 per sqft.

Selling 316? 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.

How OpenOffers works

Mortgage on 316, Azizi Mina

Starts from the last sale price (AED 2.37M, 20 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,365,167
Deposit, UAE resident (20%)
AED 473,033
Deposit, non-resident (40%)
AED 946,067
Monthly over 25 years at 3.7%
AED 9,677

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