408, Azure Residences
Sold prices and rental history: sold once, by the developer in June 2015, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Azure Residences
What is 408 worth today?
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Source: Dubai Land Department. Updated 15 October 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,055 sqft
- Floor
- 4th of 10
- Parking
- nan
- Developer
- The Palm - Jumeirah Co
- Completed
- 2015
- Service charge
- AED 14,800 /yr
- Last sold
- AED 4.37M · June 2015
- Building
- Azure Residences
About 408, Azure Residences
408 is a two-bedroom apartment of 1,055 sqft on the 4th floor of Azure Residences, a 10-storey tower in Palm Jumeirah completed in 2015 by The Palm - Jumeirah Co. The developer sold it on 15 June 2015 for AED 4,371,500, or AED 4,142 per sqft, in line with the AED 4,099 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 19 Ejari contracts. The current contract, renewed on 15 October 2026, is AED 270,000 a year: a gross yield of 6.2% on the 2015 price, before the service charge of about AED 14,800 a year.
Sales and rents for 408 over time
408 has sold once; the dashed line is the two-bed median of each year in the building.
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 408 sits
All 30 2-beds →408 last sold in June 2015 at AED 4,142 per sqft, in line with what two-beds in Azure Residences were fetching at the time (AED 4,099). 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. 408's AED 270,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Jan 202613 January 2026 | 2,018 sqft | 5,850,000 | 2,899 | ||
| 23 Oct 202523 October 2025 | 2,017 sqft | 5,900,000 | 2,925 | ||
| 30 Jun 202530 June 2025 | 2,262 sqft | 5,850,000 | 2,586 | ||
| 30 Apr 202530 April 2025 | 2,018 sqft | 4,950,000 | 2,453 |
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 4th floor
All 170 units in Azure Residences| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 2,016 sqft | AED 3.6MAED 3,600,000 · Apr 2020April 2020 | 53,010 /yr | |
| 402 | 1-bed | 593 sqft | AED 2.37MAED 2,371,100 · Aug 2015August 2015 | 145,000 /yr | |
| 403 | 1-bed | 1,143 sqft | AED 2.15MAED 2,150,000 · Jan 2018January 2018 | 125,000 /yr | |
| 404 | 1-bed | 593 sqft | AED 2.37MAED 2,371,100 · Jul 2015July 2015 | 71,925 /yr | |
| 405 | 1-bed | 593 sqft | AED 2.61MAED 2,608,300 · Aug 2015August 2015 | 60,000 /yr | |
| 406 | 1-bed | 1,143 sqft | AED 1.9MAED 1,900,000 · Jul 2021July 2021 | 60,000 /yr | |
| 407 | 1-bed | 1,142 sqft | AED 2.37MAED 2,371,100 · Mar 2017March 2017 | 72,000 /yr | |
| 409 | 1-bed | 1,156 sqft | AED 1.38MAED 1,377,182 · Oct 2019October 2019 | 49,350 /yr | |
| 410 | 1-bed | 1,143 sqft | AED 2.05MAED 2,050,000 · May 2023May 2023 | 85,000 /yr | |
| 411 | 1-bed | 1,143 sqft | AED 2.61MAED 2,608,300 · Apr 2019April 2019 | 58,000 /yr | |
| 412 | 1-bed | 1,143 sqft | AED 1.43MAED 1,434,565 · Sep 2019September 2019 | 150,000 /yr | |
| 413 | 1-bed | 1,143 sqft | AED 2.61MAED 2,608,300 · Dec 2018December 2018 | ||
| 414 | 1-bed | 1,143 sqft | AED 2.45MAED 2,450,000 · Feb 2024February 2024 | 190,000 /yr | |
| 415 | 1-bed | 1,143 sqft | AED 2.61MAED 2,608,300 · Nov 2018November 2018 | 88,000 /yr | |
| 416 | 1-bed | 1,142 sqft | AED 2.61MAED 2,608,300 · Mar 2018March 2018 | 150,000 /yr | |
| 417 | 2-bed | 2,015 sqft | AED 2.45MAED 2,446,426 · Oct 2019October 2019 | 180,000 /yr |
408, Azure Residences in numbers
- Sold once: by The Palm - Jumeirah Co on 15 June 2015 for AED 4,371,500, or AED 4,142 per sqft.
- Rented since May 2017 on 19 Ejari contracts. The rent fell from AED 230,000 to AED 32,000 in 2021 and recovered to AED 270,000 by October 2026.
- At AED 270,000 a year the gross yield on the 2015 price is 6.2%, before a service charge of about AED 14,800 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 15 October 2026.
Questions about 408, Azure Residences
What did unit 408 last sell for?
AED 4,371,500 on 15 June 2015, sold by the developer: AED 4,142 per sqft for 1,055 sqft. It is the only registered sale of the unit.
What is the rent for unit 408?
AED 270,000 a year on the contract renewed on 15 October 2026. The previous contract, from April 2026, was AED 49,350; the unit has been rented since May 2017.
How big is unit 408?
1,055 sqft (98.0 sqm): a two-bedroom apartment on the 4th floor of a 10-storey tower completed in 2015.
What is unit 408 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 408, Azure Residences
Starts from the last sale price (AED 4.37M, 15 June 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 4,371,500
- Deposit, UAE resident (20%)
- AED 874,300
- Deposit, non-resident (40%)
- AED 1,748,600
- Monthly over 25 years at 3.7%
- AED 17,885
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →