1007, Azure Residences
Sold prices and rental history: sold twice, last in May 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1007, Azure Residences
What is 1007 worth today?
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Source: Dubai Land Department. Updated 24 May 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 1,142 sqft
- Floor
- 10th of 10
- Parking
- nan
- Developer
- The Palm - Jumeirah Co
- Completed
- 2015
- Service charge
- AED 16,000 /yr
- Last sold
- AED 2.81M · May 2024
- Building
- Azure Residences
About 1007, Azure Residences
1007 is a one-bedroom apartment of 1,142 sqft on the 10th floor of Azure Residences, a 10-storey tower in Palm Jumeirah completed in 2015 by The Palm - Jumeirah Co. It last sold on 24 May 2024 for AED 2,810,000, or AED 2,460 per sqft, 8% above the AED 2,275 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 1 May 2022, is AED 120,000 a year: a gross yield of 4.3% on the 2024 price, before the service charge of about AED 16,000 a year.
Sales and rents for 1007 over time
1007 has sold twice; the dashed line is the one-bed median of each year in the building.
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 1007 sits
All 140 1-beds →1007 last sold in May 2024 at AED 2,460 per sqft, 8% above what one-beds in Azure Residences were fetching at the time (AED 2,275). 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. 1007's AED 120,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Jul 202620 July 2026 | 1,143 sqft | 2,825,000 | 2,472 | ||
| 14 Jul 202614 July 2026 | 1,141 sqft | 3,000,000 | 2,628 | ||
| 19 May 202619 May 2026 | 1,142 sqft | 3,350,000 | 2,933 | ||
| 12 Mar 202612 March 2026 | 1,143 sqft | 3,350,000 | 2,931 |
Azure Residences
Building170 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%
Other units on the 10th floor
All 170 units in Azure Residences| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | 2-bed | 2,017 sqft | AED 5MAED 4,999,990 · Oct 2024October 2024 | 145,000 /yr | |
| 1002 | 1-bed | 1,142 sqft | AED 2.5MAED 2,500,000 · May 2023May 2023 | 125,000 /yr | |
| 1003 | 1-bed | 593 sqft | AED 2.77MAED 2,773,000 · Jun 2015June 2015 | 150,000 /yr | |
| 1004 | 1-bed | 1,143 sqft | AED 2.52MAED 2,520,900 · Mar 2017March 2017 | 130,000 /yr | |
| 1005 | 1-bed | 1,143 sqft | AED 2.65MAED 2,650,000 · Jul 2023July 2023 | 140,000 /yr | |
| 1006 | 1-bed | 1,143 sqft | AED 2.2MAED 2,200,000 · Jan 2023January 2023 | 190,000 /yr | |
| 1008 | 2-bed | 2,018 sqft | AED 4.65MAED 4,647,600 · Oct 2013October 2013 | 400,000 /yr | |
| 1009 | 1-bed | 1,151 sqft | AED 1.46MAED 1,464,144 · Apr 2020April 2020 | 130,350 /yr | |
| 1010 | 1-bed | 1,143 sqft | AED 1.46MAED 1,464,144 · Oct 2019October 2019 | 65,000 /yr | |
| 1011 | 1-bed | 1,143 sqft | AED 1.53MAED 1,525,150 · Nov 2019November 2019 | ||
| 1012 | 1-bed | 1,143 sqft | AED 2.83MAED 2,825,000 · Jul 2026July 2026 | 150,000 /yr | |
| 1013 | 1-bed | 1,143 sqft | AED 2.9MAED 2,900,000 · Nov 2024November 2024 | 175,000 /yr | |
| 1014 | 1-bed | 1,143 sqft | AED 2.23MAED 2,225,000 · Mar 2023March 2023 | 95,000 /yr | |
| 1015 | 1-bed | 1,143 sqft | AED 2.77MAED 2,773,000 · Apr 2015April 2015 | 135,000 /yr | |
| 1016 | 1-bed | 1,142 sqft | AED 2.63MAED 2,625,000 · May 2023May 2023 | 165,000 /yr | |
| 1017 | 2-bed | 1,054 sqft | AED 5.11MAED 5,112,400 · Sep 2015September 2015 | 230,000 /yr |
1007, Azure Residences in numbers
- Sold twice: first on 27 October 2015 for AED 2,520,900, last on 24 May 2024 for AED 2,810,000 (AED 2,460 per sqft).
- Rented since April 2017 on 6 Ejari contracts. The rent fell from AED 140,000 to AED 108,000 in 2021 and recovered to AED 120,000 by May 2022.
- At AED 120,000 a year the gross yield on the 2024 price is 4.3%, before a service charge of about AED 16,000 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 24 May 2024.
Questions about 1007, Azure Residences
What did unit 1007 last sell for?
AED 2,810,000 on 24 May 2024: AED 2,460 per sqft for 1,142 sqft. The unit has 2 registered sales; the first was AED 2,520,900 in October 2015.
What is the rent for unit 1007?
AED 120,000 a year on the contract renewed on 1 May 2022. The previous contract, from May 2021, was AED 108,000; the unit has been rented since April 2017.
How big is unit 1007?
1,142 sqft (106.1 sqm): a one-bedroom apartment on the 10th floor of a 10-storey tower completed in 2015.
What is unit 1007 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 1007, Azure Residences
Starts from the last sale price (AED 2.81M, 24 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,810,000
- Deposit, UAE resident (20%)
- AED 562,000
- Deposit, non-resident (40%)
- AED 1,124,000
- Monthly over 25 years at 3.7%
- AED 11,497
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →