1-bed · 1,143 sqftAzure Residences, Palm Jumeirah · 2nd floor · completed 2015

214, Azure Residences

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

Unit 214 · DLD and Ejari recordsUpdated 21 February 2023
Last soldAED 2.28M21 February 2023
Current rentAED 80K /yr1 February 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 214, Azure Residences

What is 214 worth today?

Last sold for AED 2,275,000 in 2023

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21 Feb 2023SoldReady
AED 2,275,000AED 1,990 per sqft
1 Feb 2021RentedRenewal
AED 80,000/yr12 months · AED 70 per sqft
1 Feb 2020RentedRenewal
AED 85,000/yr12 months · AED 74 per sqft
1 Feb 2019RentedNew contract
AED 85,000/yr12 months · AED 74 per sqft
27 Dec 2018Sold by developerReady
AED 2,451,264AED 2,144 per sqft

Source: Dubai Land Department. Updated 21 February 2023.

Key facts

Type
1-bed apartment
Size
1,143 sqft
Floor
2nd of 10
Parking
nan
Developer
The Palm - Jumeirah Co
Completed
2015
Service charge
AED 16,100 /yr
Last sold
AED 2.28M · February 2023

About 214, Azure Residences

214 is a one-bedroom apartment of 1,143 sqft on the 2nd floor of Azure Residences, a 10-storey tower in Palm Jumeirah completed in 2015 by The Palm - Jumeirah Co. It last sold on 21 February 2023 for AED 2,275,000, or AED 1,990 per sqft, 3% above the AED 1,925 one-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, renewed on 1 February 2021, is AED 80,000 a year: a gross yield of 3.5% on the 2023 price, before the service charge of about AED 16,100 a year.

Sales and rents for 214 over time

Sales
Unit 214, 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, December 2018: AED 2,451,264 (AED 2,144 per sqft)Sold, February 2023: AED 2,275,000 (AED 1,990 per sqft)

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

Rents
Unit 214, each contractTypical one-bed in Azure Residences
100K150K2016201920222025Typical 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, February 2019: AED 85,000 a yearRenewal, February 2020: AED 85,000 a yearRenewal, February 2021: AED 80,000 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 214 sits

All 140 1-beds →

214 last sold in February 2023 at AED 1,990 per sqft, 3% above what one-beds in Azure Residences were fetching at the time (AED 1,925). 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. 214's AED 80,000 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 2nd floor

All 170 units in Azure Residences
Value
2012-bedAED 3M · Sep 2022
2021-bedAED 3M · Jul 2026
2031-bedAED 2.55M · Nov 2017
2041-bedAED 2.32M · May 2015
2051-bedAED 2.55M · Feb 2018
2061-bedAED 2.32M · Oct 2013
2071-bedAED 2.32M · Oct 2013
1–7 of 16

214, Azure Residences in numbers

  • Sold twice: first on 27 December 2018 for AED 2,451,264, last on 21 February 2023 for AED 2,275,000 (AED 1,990 per sqft).
  • Rented since February 2019 on 3 Ejari contracts, from AED 85,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2023 price is 3.5%, 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 21 February 2023.

Questions about 214, Azure Residences

What did unit 214 last sell for?

AED 2,275,000 on 21 February 2023: AED 1,990 per sqft for 1,143 sqft. The unit has 2 registered sales; the first was AED 2,451,264 in December 2018.

What is the rent for unit 214?

AED 80,000 a year on the contract renewed on 1 February 2021. The previous contract, from February 2020, was AED 85,000; the unit has been rented since February 2019.

How big is unit 214?

1,143 sqft (106.2 sqm): a one-bedroom apartment on the 2nd floor of a 10-storey tower completed in 2015.

What is unit 214 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 214, Azure Residences

Starts from the last sale price (AED 2.28M, 21 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,275,000
Deposit, UAE resident (20%)
AED 455,000
Deposit, non-resident (40%)
AED 910,000
Monthly over 25 years at 3.7%
AED 9,308

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