1-bed · 1,143 sqftAzure Residences, Palm Jumeirah · 3rd floor · completed 2015

313, Azure Residences

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

Unit 313 · DLD and Ejari recordsUpdated 19 April 2023
Last soldAED 850K6 August 2019
Current rentAED 75K /yr19 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 313, Azure Residences

What is 313 worth today?

Last sold for AED 850,000 in 2019

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19 Apr 2023RentedNew contract
AED 75,000/yr29 months · AED 66 per sqft
19 Sep 2022RentedNew contract
AED 115,000/yr12 months · AED 101 per sqft
19 Sep 2022RentedNew contract
AED 95,000/yr24 months · AED 83 per sqft
31 Aug 2021RentedRenewal
AED 75,000/yr12 months · AED 66 per sqft
1 Jul 2020RentedNew contract
AED 75,000/yr14 months · AED 66 per sqft
6 Aug 2019SoldReady
AED 850,000AED 743 per sqft
2 May 2019Sold by developerReady
AED 2,580,900AED 2,258 per sqft
1 May 2019RentedNew contract
AED 100,000/yr12 months · AED 88 per sqft

Source: Dubai Land Department. Updated 19 April 2023.

Key facts

Type
1-bed apartment
Size
1,143 sqft
Floor
3rd of 10
Parking
nan
Developer
The Palm - Jumeirah Co
Completed
2015
Service charge
AED 16,100 /yr
Last sold
AED 850K · August 2019

About 313, Azure Residences

313 is a one-bedroom apartment of 1,143 sqft on the 3rd floor of Azure Residences, a 10-storey tower in Palm Jumeirah completed in 2015 by The Palm - Jumeirah Co. It last sold on 6 August 2019 for AED 850,000, or AED 743 per sqft, 66% below the AED 2,163 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, signed on 19 April 2023, is AED 75,000 a year: a gross yield of 8.8% on the 2019 price, before the service charge of about AED 16,100 a year.

Sales and rents for 313 over time

Sales
Unit 313, each saleTypical one-bed in Azure Residences
2M2013201720212025Typical 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, May 2019: AED 2,580,900 (AED 2,258 per sqft)Sold, August 2019: AED 850,000 (AED 743 per sqft)

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

Rents
Unit 313, 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, May 2019: AED 100,000 a yearNew contract, July 2020: AED 75,000 a yearRenewal, August 2021: AED 75,000 a yearNew contract, September 2022: AED 115,000 a yearNew contract, September 2022: AED 95,000 a yearNew contract, April 2023: AED 75,000 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 313 sits

All 140 1-beds →

313 last sold in August 2019 at AED 743 per sqft, 66% below what one-beds in Azure Residences were fetching at the time (AED 2,163). 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. 313's AED 75,000 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 3rd floor

All 170 units in Azure Residences
Value
3012-bedAED 4.76M · May 2016
3021-bedAED 2.35M · Jul 2015
3031-bedAED 2.35M · Aug 2018
3041-bedAED 1.61M · Apr 2020
3051-bedAED 2.66M · Sep 2023
3061-bedAED 2.05M · May 2018
3071-bedAED 2.23M · Oct 2013
1–7 of 16

313, Azure Residences in numbers

  • Sold twice: first on 2 May 2019 for AED 2,580,900, last on 6 August 2019 for AED 850,000 (AED 743 per sqft).
  • Rented since May 2019 on 6 Ejari contracts, from AED 100,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2019 price is 8.8%, 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 19 April 2023.

Questions about 313, Azure Residences

What did unit 313 last sell for?

AED 850,000 on 6 August 2019: AED 743 per sqft for 1,143 sqft. The unit has 2 registered sales; the first was AED 2,580,900 in May 2019.

What is the rent for unit 313?

AED 75,000 a year on the contract signed on 19 April 2023. The previous contract, from September 2022, was AED 115,000; the unit has been rented since May 2019.

How big is unit 313?

1,143 sqft (106.2 sqm): a one-bedroom apartment on the 3rd floor of a 10-storey tower completed in 2015.

What is unit 313 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 313, Azure Residences

Starts from the last sale price (AED 850K, 6 August 2019). Switch to today's estimate once you have unlocked it.
Price
AED 850,000
Deposit, UAE resident (20%)
AED 170,000
Deposit, non-resident (40%)
AED 340,000
Monthly over 25 years at 3.7%
AED 3,478

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