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

1014, Azure Residences

Sold prices and rental history: sold twice, last in March 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1014 · DLD and Ejari recordsUpdated 30 March 2023
Last soldAED 2.23M30 March 2023
Current rentAED 95K /yr14 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1014, Azure Residences

What is 1014 worth today?

Last sold for AED 2,225,000 in 2023

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30 Mar 2023SoldReady
AED 2,225,000AED 1,946 per sqft
14 Mar 2022RentedRenewal
AED 95,000/yr12 months · AED 83 per sqft
14 Mar 2021RentedRenewal
AED 90,000/yr12 months · AED 79 per sqft
14 Mar 2020RentedNew contract
AED 95,000/yr12 months · AED 83 per sqft
1 Sep 2019RentedNew contract
AED 95,000/yr13 months · AED 83 per sqft
29 Jul 2019Sold by developerReady
AED 1,525,150AED 1,334 per sqft

Source: Dubai Land Department. Updated 30 March 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 2.23M · March 2023

About 1014, Azure Residences

1014 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. It last sold on 30 March 2023 for AED 2,225,000, or AED 1,946 per sqft, in line with the AED 1,936 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 14 March 2022, is AED 95,000 a year: a gross yield of 4.3% on the 2023 price, before the service charge of about AED 16,100 a year.

Sales and rents for 1014 over time

Sales
Unit 1014, 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 2019: AED 1,525,150 (AED 1,334 per sqft)Sold, March 2023: AED 2,225,000 (AED 1,946 per sqft)

1014 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1014, 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 2019: AED 95,000 a yearNew contract, March 2020: AED 95,000 a yearRenewal, March 2021: AED 90,000 a yearRenewal, March 2022: AED 95,000 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 1014 sits

All 140 1-beds →

1014 last sold in March 2023 at AED 1,946 per sqft, in line with what one-beds in Azure Residences were fetching at the time (AED 1,936). 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. 1014's AED 95,000 is in the lower 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
10051-bedAED 2.65M · Jul 2023
10061-bedAED 2.2M · Jan 2023
10071-bedAED 2.81M · May 2024
1–7 of 16

1014, Azure Residences in numbers

  • Sold twice: first on 29 July 2019 for AED 1,525,150, last on 30 March 2023 for AED 2,225,000 (AED 1,946 per sqft).
  • Rented since September 2019 on 4 Ejari contracts, at AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2023 price is 4.3%, 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 30 March 2023.

Questions about 1014, Azure Residences

What did unit 1014 last sell for?

AED 2,225,000 on 30 March 2023: AED 1,946 per sqft for 1,143 sqft. The unit has 2 registered sales; the first was AED 1,525,150 in July 2019.

What is the rent for unit 1014?

AED 95,000 a year on the contract renewed on 14 March 2022. The previous contract, from March 2021, was AED 90,000; the unit has been rented since September 2019.

How big is unit 1014?

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 1014 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 1014, Azure Residences

Starts from the last sale price (AED 2.23M, 30 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,225,000
Deposit, UAE resident (20%)
AED 445,000
Deposit, non-resident (40%)
AED 890,000
Monthly over 25 years at 3.7%
AED 9,103

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