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

1011, Azure Residences

Sold prices and rental history: sold once, by the developer in November 2019, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1011 · DLD and Ejari recordsUpdated 6 November 2019
Last soldAED 1.53M6 November 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1011, Azure Residences

What is 1011 worth today?

Last sold for AED 1,525,150 in 2019

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6 Nov 2019Sold by developerReady
AED 1,525,150AED 1,334 per sqft

Source: Dubai Land Department. Updated 6 November 2019.

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 1.53M · November 2019

About 1011, Azure Residences

1011 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 6 November 2019 for AED 1,525,150, or AED 1,334 per sqft, in line with the AED 1,334 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1011 over time

Sales
Unit 1011, 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, November 2019: AED 1,525,150 (AED 1,334 per sqft)

1011 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1011, 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 109,620

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 1011 sits

All 140 1-beds →

1011 last sold in November 2019 at AED 1,334 per sqft, in line with what one-beds in Azure Residences were fetching at the time (AED 1,334). 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.

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
10051-bedAED 2.65M · Jul 2023
10061-bedAED 2.2M · Jan 2023
10071-bedAED 2.81M · May 2024
1–7 of 16

1011, Azure Residences in numbers

  • Sold once: by The Palm - Jumeirah Co on 6 November 2019 for AED 1,525,150, or AED 1,334 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 6 November 2019.

Questions about 1011, Azure Residences

What did unit 1011 last sell for?

AED 1,525,150 on 6 November 2019, sold by the developer: AED 1,334 per sqft for 1,143 sqft. It is the only registered sale of the unit.

How big is unit 1011?

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 1011 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 1011, Azure Residences

Starts from the last sale price (AED 1.53M, 6 November 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,525,150
Deposit, UAE resident (20%)
AED 305,030
Deposit, non-resident (40%)
AED 610,060
Monthly over 25 years at 3.7%
AED 6,240

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