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1-bed · 1,143 sqftAzure Residences, Palm Jumeirah · 10th floor · completed 2015

1005, Azure Residences

Sold prices and rental history: sold once, by the developer in July 2023, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1005 · DLD and Ejari recordsUpdated 26 July 2023
Last soldAED 2.65M26 July 2023
Current rentAED 140K /yr18 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1005, Azure Residences

What is 1005 worth today?

Last sold for AED 2,650,000 in 2023

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26 Jul 2023Sold by developerReady
AED 2,650,000AED 2,319 per sqft
18 Feb 2023RentedRenewal
AED 140,000/yr12 months · AED 123 per sqft
18 Feb 2022RentedNew contract
AED 125,000/yr12 months · AED 110 per sqft
18 Feb 2021RentedNew contract
AED 105,000/yr12 months · AED 92 per sqft
18 Feb 2020RentedRenewal
AED 115,000/yr12 months · AED 101 per sqft
18 Feb 2019RentedNew contract
AED 115,000/yr12 months · AED 101 per sqft
10 Oct 2018RentedRenewal
AED 120,000/yr12 months · AED 105 per sqft
10 Oct 2017RentedNew contract
AED 135,000/yr12 months · AED 118 per sqft

Source: Dubai Land Department. Updated 26 July 2023.

Key facts

Type
1-bed apartment
Size
1,143 sqft
Floor
10th of 10
Parking
nan
Developer
The Palm - Jumeirah Co
Completed
2015
Service charge
AED 16,100 /yr
Last sold
AED 2.65M · July 2023
Building
Azure Residences

About 1005, Azure Residences

1005 is a one-bedroom apartment of 1,143 sqft on the 10th floor of Azure Residences, a 10-storey tower in Palm Jumeirah completed in 2015 by The Palm - Jumeirah Co. The developer sold it on 26 July 2023 for AED 2,650,000, or AED 2,319 per sqft, 18% above the AED 1,968 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, renewed on 18 February 2023, is AED 140,000 a year: a gross yield of 5.3% on the 2023 price, before the service charge of about AED 16,100 a year.

Sales and rents for 1005 over time

Sales
Unit 1005, each saleTypical one-bed in Azure Residences
2M3M2013201720212025Typical sale price by year: 2013 AED 2,599,500; 2014 AED 2,663,300; 2015 AED 2,471,000; 2016 AED 2,500,000; 2017 AED 2,553,400; 2018 AED 2,556,768; 2019 AED 1,494,955; 2020 AED 1,482,072; 2021 AED 1,830,000; 2022 AED 2,125,000; 2023 AED 2,350,000; 2024 AED 2,622,500; 2025 AED 2,888,000; 2026 AED 3,350,000Sold by developer, July 2023: AED 2,650,000 (AED 2,319 per sqft)

1005 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1005, each contractTypical one-bed in Azure Residences
100K125K2016201920222025Typical rent by year: 2016 AED 140,000; 2017 AED 130,000; 2018 AED 115,000; 2019 AED 95,000; 2020 AED 90,000; 2021 AED 90,000; 2022 AED 95,000; 2023 AED 86,100; 2024 AED 113,595; 2025 AED 104,400; 2026 AED 109,620New contract, September 2016: AED 140,000 a yearNew contract, October 2017: AED 135,000 a yearRenewal, October 2018: AED 120,000 a yearNew contract, February 2019: AED 115,000 a yearRenewal, February 2020: AED 115,000 a yearNew contract, February 2021: AED 105,000 a yearNew contract, February 2022: AED 125,000 a yearRenewal, February 2023: AED 140,000 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 Residences, and where 1005 sits

All 140 1-beds →

1005 last sold in July 2023 at AED 2,319 per sqft, 18% above what one-beds in Azure Residences were fetching at the time (AED 1,968). Over the last 12 months one-beds sold for AED 2,825,000 to 3,520,000, around AED 2,909 per sqft, and rent for AED 48,300 to 200,000 a year. 1005's AED 140,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
20 Jul 20262,825,000
14 Jul 20263,000,000
19 May 20263,350,000
12 Mar 20263,350,000
6 1-bed sales in the last 12 months

Azure Residences

Building

170 apartments, 1-bed to 2-bed over 10 floors in Palm Jumeirah, completed in 2015 by The Palm - Jumeirah Co. 7 sold in the last 12 months.

Typical price per sqft
AED 2,899
Typical sale
AED 3.35M
Typical rent
AED 90K /yr
Typical yield
2.4%
Azure Residences, Palm Jumeirah: prices, sales and rents →

Other units on the 10th floor

All 170 units in Azure Residences
Value
10012-bedAED 5M · Oct 2024
10021-bedAED 2.5M · May 2023
10031-bedAED 2.77M · Jun 2015
10041-bedAED 2.52M · Mar 2017
10061-bedAED 2.2M · Jan 2023
10071-bedAED 2.81M · May 2024
10082-bedAED 4.65M · Oct 2013
1–7 of 16

1005, Azure Residences in numbers

  • Sold once: by The Palm - Jumeirah Co on 26 July 2023 for AED 2,650,000, or AED 2,319 per sqft.
  • Rented since September 2016 on 8 Ejari contracts. The rent fell from AED 140,000 to AED 105,000 in 2021 and recovered to AED 140,000 by February 2023.
  • At AED 140,000 a year the gross yield on the 2023 price is 5.3%, before a service charge of about AED 16,100 a year (AED 14.05 per sqft).
  • One-beds in Azure Residences sold for AED 2,825,000–3,520,000 in the 12 months to November 2026; the building's median across all types is AED 2,899 per sqft.

Source: Dubai Land Department. Updated 26 July 2023.

Questions about 1005, Azure Residences

What did unit 1005 last sell for?

AED 2,650,000 on 26 July 2023, sold by the developer: AED 2,319 per sqft for 1,143 sqft. It is the only registered sale of the unit.

What is the rent for unit 1005?

AED 140,000 a year on the contract renewed on 18 February 2023. The previous contract, from February 2022, was AED 125,000; the unit has been rented since September 2016.

How big is unit 1005?

1,143 sqft (106.2 sqm): a one-bedroom apartment on the 10th floor of a 10-storey tower completed in 2015.

What is unit 1005 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Azure Residences sold for AED 2,825,000 to 3,520,000 in the last 12 months, around AED 2,909 per sqft.

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Mortgage on 1005, Azure Residences

Starts from the last sale price (AED 2.65M, 26 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,650,000
Deposit, UAE resident (20%)
AED 530,000
Deposit, non-resident (40%)
AED 1,060,000
Monthly over 25 years at 3.7%
AED 10,842

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