2-bed · 1,606 sqftAzizi Mina, Palm Jumeirah · 5th floor · completed 2021

505, Azizi Mina

Sold prices and rental history: sold once, by the developer in October 2017, and rented once, from November 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 28 November 2023
Last soldAED 3.63M24 October 2017
Current rentAED 260K /yr28 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 505, Azizi Mina

What is 505 worth today?

Last sold for AED 3,625,000 in 2017

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28 Nov 2023RentedNew contract
AED 260,000/yr12 months · AED 162 per sqft
24 Oct 2017Sold by developerOff-plan
AED 3,625,000AED 2,256 per sqft

Source: Dubai Land Department. Updated 28 November 2023.

Key facts

Type
2-bed hotel apartment
Size
1,606 sqft
Floor
5th of 9
Parking
B-152
Developer
Azizi Developments
Completed
2021
Last sold
AED 3.63M · October 2017
Building
Azizi Mina

About 505, Azizi Mina

505 is a two-bedroom hotel apartment of 1,606 sqft on the 5th floor of Azizi Mina, a 9-storey tower in Palm Jumeirah completed in 2021 by Azizi Developments. The developer sold it on 24 October 2017 for AED 3,625,000, or AED 2,256 per sqft, 4% below the AED 2,358 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 28 November 2023. The current contract, signed on 28 November 2023, is AED 260,000 a year: a gross yield of 7.2% on the 2017 price.

Sales and rents for 505 over time

Sales
Unit 505, each saleTypical two-bed in Azizi Mina
2M4M2017202020232026Typical sale price by year: 2017 AED 3,623,125; 2020 AED 884,800; 2021 AED 3,539,400; 2022 AED 3,426,625; 2023 AED 3,281,010; 2024 AED 4,100,000; 2025 AED 3,381,000Sold by developer, October 2017: AED 3,625,000 (AED 2,256 per sqft)

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

Rents
Unit 505, each contractTypical two-bed in Azizi Mina
150K200K250K2021202320252027Typical rent by year: 2021 AED 155,000; 2022 AED 180,000; 2023 AED 188,000; 2024 AED 200,000; 2025 AED 200,000; 2026 AED 195,000New contract, November 2023: AED 260,000 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 Azizi Mina, and where 505 sits

All 52 2-beds →

505 last sold in October 2017 at AED 2,256 per sqft, 4% below what two-beds in Azizi Mina were fetching at the time (AED 2,358). Over the last 12 months two-beds sold for AED 3,500,000, around AED 2,080 per sqft, and rent for AED 160,000 to 260,000 a year. 505's AED 260,000 is at the top of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
25 Nov 20253,500,000
13 Oct 20253,040,000
9 May 20254,300,000
20 Apr 20253,100,000
1 2-bed sale 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 5th floor

All 175 units in Azizi Mina
Value
5011-bedAED 2.5M · Sep 2017
5021-bedAED 2.55M · Dec 2024
5031-bedAED 2.58M · Aug 2022
5042-bedAED 3.8M · Feb 2023
5061-bedAED 2.21M · Aug 2022
5071-bedAED 2.56M · May 2023
5081-bedAED 4.5M · Oct 2023
1–7 of 22

505, Azizi Mina in numbers

  • Sold once: by Azizi Developments on 24 October 2017 for AED 3,625,000, or AED 2,256 per sqft.
  • Rented since November 2023 on one Ejari contract, at AED 260,000 a year.
  • At AED 260,000 a year the gross yield on the 2017 price is 7.2%.
  • Two-beds in Azizi Mina sold for AED 3,500,000–3,500,000 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 28 November 2023.

Questions about 505, Azizi Mina

What did unit 505 last sell for?

AED 3,625,000 on 24 October 2017, sold by the developer: AED 2,256 per sqft for 1,606 sqft. It is the only registered sale of the unit.

What is the rent for unit 505?

AED 260,000 a year on the contract signed on 28 November 2023.

How big is unit 505?

1,606 sqft (149.2 sqm): a two-bedroom hotel apartment on the 5th floor of a 9-storey tower completed in 2021.

What is unit 505 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Azizi Mina sold for AED 3,500,000 to 3,500,000 in the last 12 months, around AED 2,080 per sqft.

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Mortgage on 505, Azizi Mina

Starts from the last sale price (AED 3.63M, 24 October 2017). Switch to today's estimate once you have unlocked it.
Price
AED 3,625,000
Deposit, UAE resident (20%)
AED 725,000
Deposit, non-resident (40%)
AED 1,450,000
Monthly over 25 years at 3.7%
AED 14,831

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