2-bed · 2,015 sqftAzure Residences, Palm Jumeirah · 3rd floor · completed 2015

317, Azure Residences

Sold prices and rental history: sold once, by the developer in April 2020, and rented once, from August 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 317 · DLD and Ejari recordsUpdated 20 August 2020
Last soldAED 2.42M13 April 2020
Current rentAED 130K /yr20 August 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 317, Azure Residences

What is 317 worth today?

Last sold for AED 2,420,683 in 2020

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20 Aug 2020RentedNew contract
AED 130,000/yr12 months · AED 65 per sqft
13 Apr 2020Sold by developerReady
AED 2,420,683AED 1,201 per sqft

Source: Dubai Land Department. Updated 20 August 2020.

Key facts

Type
2-bed apartment
Size
2,015 sqft
Floor
3rd of 10
Parking
nan
Developer
The Palm - Jumeirah Co
Completed
2015
Service charge
AED 28,300 /yr
Last sold
AED 2.42M · April 2020

About 317, Azure Residences

317 is a two-bedroom apartment of 2,015 sqft on the 3rd floor of Azure Residences, a 10-storey tower in Palm Jumeirah completed in 2015 by The Palm - Jumeirah Co. The developer sold it on 13 April 2020 for AED 2,420,683, or AED 1,201 per sqft, in line with the AED 1,196 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 20 August 2020. The current contract, signed on 20 August 2020, is AED 130,000 a year: a gross yield of 5.4% on the 2020 price, before the service charge of about AED 28,300 a year.

Sales and rents for 317 over time

Sales
Unit 317, each saleTypical two-bed in Azure Residences
2M4M2013201720212025Typical sale price by year: 2013 AED 4,555,600; 2015 AED 4,532,600; 2016 AED 4,555,600; 2017 AED 4,543,000; 2020 AED 2,399,027; 2025 AED 4,950,000Sold by developer, April 2020: AED 2,420,683 (AED 1,201 per sqft)

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

Rents
Unit 317, each contractTypical two-bed in Azure Residences
100K200K2017202020232026Typical rent by year: 2017 AED 181,250; 2018 AED 65,000; 2019 AED 160,000; 2020 AED 130,000; 2021 AED 80,500; 2022 AED 123,840; 2023 AED 48,000; 2024 AED 55,000; 2025 AED 60,000; 2026 AED 57,500New contract, August 2020: AED 130,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Azure Residences, and where 317 sits

All 30 2-beds →

317 last sold in April 2020 at AED 1,201 per sqft, in line with what two-beds in Azure Residences were fetching at the time (AED 1,196). Over the last 12 months two-beds sold for AED 5,850,000, around AED 2,899 per sqft, and rent for AED 48,510 to 400,000 a year. 317's AED 130,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
13 Jan 20265,850,000
23 Oct 20255,900,000
30 Jun 20255,850,000
30 Apr 20254,950,000
1 2-bed sale 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

317, Azure Residences in numbers

  • Sold once: by The Palm - Jumeirah Co on 13 April 2020 for AED 2,420,683, or AED 1,201 per sqft.
  • Rented since August 2020 on one Ejari contract, at AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2020 price is 5.4%, before a service charge of about AED 28,300 a year (AED 14.05 per sqft).
  • Two-beds in Azure Residences sold for AED 5,850,000–5,850,000 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 20 August 2020.

Questions about 317, Azure Residences

What did unit 317 last sell for?

AED 2,420,683 on 13 April 2020, sold by the developer: AED 1,201 per sqft for 2,015 sqft. It is the only registered sale of the unit.

What is the rent for unit 317?

AED 130,000 a year on the contract signed on 20 August 2020.

How big is unit 317?

2,015 sqft (187.2 sqm): a two-bedroom apartment on the 3rd floor of a 10-storey tower completed in 2015.

What is unit 317 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Azure Residences sold for AED 5,850,000 to 5,850,000 in the last 12 months, around AED 2,899 per sqft.

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Mortgage on 317, Azure Residences

Starts from the last sale price (AED 2.42M, 13 April 2020). Switch to today's estimate once you have unlocked it.
Price
AED 2,420,683
Deposit, UAE resident (20%)
AED 484,137
Deposit, non-resident (40%)
AED 968,273
Monthly over 25 years at 3.7%
AED 9,904

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