316, Azure Residences
Sold prices and rental history: sold twice, last in December 2020, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 316, Azure Residences
What is 316 worth today?
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Source: Dubai Land Department. Updated 6 December 2020.
Key facts
- Type
- 1-bed apartment
- Size
- 1,142 sqft
- Floor
- 3rd of 10
- Parking
- nan
- Developer
- The Palm - Jumeirah Co
- Completed
- 2015
- Service charge
- AED 16,000 /yr
- Last sold
- AED 1.69M · December 2020
- Building
- Azure Residences
About 316, Azure Residences
316 is a one-bedroom apartment of 1,142 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 December 2020 for AED 1,690,000, or AED 1,479 per sqft, 16% above the AED 1,272 one-beds in the building were fetching at the time.
It has been rented since 2017 on 3 Ejari contracts. The current contract, signed on 15 November 2019, is AED 105,000 a year: a gross yield of 6.2% on the 2020 price, before the service charge of about AED 16,000 a year.
Sales and rents for 316 over time
316 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 316 sits
All 140 1-beds →316 last sold in December 2020 at AED 1,479 per sqft, 16% above what one-beds in Azure Residences were fetching at the time (AED 1,272). 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. 316's AED 105,000 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 3rd floor
All 170 units in Azure Residences| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 2-bed | 1,055 sqft | AED 4.76MAED 4,758,100 · May 2016May 2016 | 54,000 /yr | |
| 302 | 1-bed | 593 sqft | AED 2.35MAED 2,346,200 · Jul 2015July 2015 | 74,970 /yr | |
| 303 | 1-bed | 1,143 sqft | AED 2.35MAED 2,350,000 · Aug 2018August 2018 | 115,000 /yr | |
| 304 | 1-bed | 1,143 sqft | AED 1.61MAED 1,610,000 · Apr 2020April 2020 | 72,765 /yr | |
| 305 | 1-bed | 1,143 sqft | AED 2.66MAED 2,660,000 · Sep 2023September 2023 | 46,200 /yr | |
| 306 | 1-bed | 1,143 sqft | AED 2.05MAED 2,050,000 · May 2018May 2018 | 56,000 /yr | |
| 307 | 1-bed | 1,142 sqft | AED 2.23MAED 2,228,890 · Oct 2013October 2013 | 73,978 /yr | |
| 308 | 2-bed | 2,017 sqft | AED 5.9MAED 5,900,000 · Oct 2025October 2025 | 50,000 /yr | |
| 309 | 1-bed | 1,156 sqft | AED 1.86MAED 1,860,000 · Dec 2021December 2021 | 48,390 /yr | |
| 310 | 1-bed | 1,143 sqft | AED 2.37MAED 2,372,810 · Sep 2021September 2021 | 135,000 /yr | |
| 311 | 1-bed | 1,143 sqft | AED 1.9MAED 1,896,000 · Feb 2022February 2022 | 48,500 /yr | |
| 312 | 1-bed | 1,143 sqft | AED 2.58MAED 2,580,900 · Nov 2017November 2017 | 150,000 /yr | |
| 313 | 1-bed | 1,143 sqft | AED 850KAED 850,000 · Aug 2019August 2019 | 75,000 /yr | |
| 314 | 1-bed | 1,143 sqft | AED 3MAED 3,000,000 · Jul 2025July 2025 | 130,000 /yr | |
| 315 | 1-bed | 1,143 sqft | AED 2.58MAED 2,580,900 · May 2019May 2019 | 40,000 /yr | |
| 317 | 2-bed | 2,015 sqft | AED 2.42MAED 2,420,683 · Apr 2020April 2020 | 130,000 /yr |
316, Azure Residences in numbers
- Sold twice: first on 18 September 2017 for AED 2,580,900, last on 6 December 2020 for AED 1,690,000 (AED 1,479 per sqft).
- Rented since October 2017 on 3 Ejari contracts, from AED 135,000 to AED 105,000 a year.
- At AED 105,000 a year the gross yield on the 2020 price is 6.2%, 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 6 December 2020.
Questions about 316, Azure Residences
What did unit 316 last sell for?
AED 1,690,000 on 6 December 2020: AED 1,479 per sqft for 1,142 sqft. The unit has 2 registered sales; the first was AED 2,580,900 in September 2017.
What is the rent for unit 316?
AED 105,000 a year on the contract signed on 15 November 2019. The previous contract, from November 2018, was AED 125,000; the unit has been rented since October 2017.
How big is unit 316?
1,142 sqft (106.1 sqm): a one-bedroom apartment on the 3rd floor of a 10-storey tower completed in 2015.
What is unit 316 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 316, Azure Residences
Starts from the last sale price (AED 1.69M, 6 December 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 1,690,000
- Deposit, UAE resident (20%)
- AED 338,000
- Deposit, non-resident (40%)
- AED 676,000
- Monthly over 25 years at 3.7%
- AED 6,914
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →