508, Azure Residences
Sold prices and rental history: sold twice, last in November 2016, 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 508, Azure Residences
What is 508 worth today?
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Source: Dubai Land Department. Updated 2 July 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 2,017 sqft
- Floor
- 5th of 10
- Parking
- nan
- Developer
- The Palm - Jumeirah Co
- Completed
- 2015
- Service charge
- AED 28,300 /yr
- Last sold
- AED 4.42M · November 2016
- Building
- Azure Residences
About 508, Azure Residences
508 is a two-bedroom apartment of 2,017 sqft on the 5th floor of Azure Residences, a 10-storey tower in Palm Jumeirah completed in 2015 by The Palm - Jumeirah Co. It last sold on 2 November 2016 for AED 4,417,600, or AED 2,190 per sqft, 49% below the AED 4,317 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 17 Ejari contracts. The current contract, renewed on 2 July 2026, is AED 60,000 a year: a gross yield of 1.4% on the 2016 price, before the service charge of about AED 28,300 a year.
Sales and rents for 508 over time
508 has sold twice; 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 508 sits
All 30 2-beds →508 last sold in November 2016 at AED 2,190 per sqft, 49% below what two-beds in Azure Residences were fetching at the time (AED 4,317). 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. 508's AED 60,000 is in the lower 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 5th floor
All 170 units in Azure Residences| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 2,016 sqft | AED 4.42MAED 4,417,600 · Dec 2013December 2013 | 60,000 /yr | |
| 502 | 1-bed | 1,142 sqft | AED 2.1MAED 2,100,000 · Sep 2022September 2022 | 90,000 /yr | |
| 503 | 1-bed | 593 sqft | AED 2.4MAED 2,396,100 · Oct 2015October 2015 | 125,000 /yr | |
| 504 | 1-bed | 593 sqft | AED 2.4MAED 2,396,100 · Aug 2015August 2015 | 65,550 /yr | |
| 505 | 1-bed | 1,143 sqft | AED 2.1MAED 2,100,000 · Dec 2017December 2017 | 58,000 /yr | |
| 506 | 1-bed | 1,143 sqft | AED 1.5MAED 1,500,000 · Apr 2020April 2020 | 51,000 /yr | |
| 507 | 1-bed | 1,142 sqft | AED 3.03MAED 3,030,000 · May 2024May 2024 | 145,000 /yr | |
| 509 | 1-bed | 1,156 sqft | AED 1.39MAED 1,391,702 · Nov 2019November 2019 | 150,000 /yr | |
| 510 | 1-bed | 1,143 sqft | AED 1.39MAED 1,391,702 · Oct 2019October 2019 | 72,000 /yr | |
| 511 | 1-bed | 1,143 sqft | AED 1.45MAED 1,449,690 · Jul 2019July 2019 | 60,000 /yr | |
| 512 | 1-bed | 1,143 sqft | AED 1.45MAED 1,449,690 · Jul 2019July 2019 | 170,000 /yr | |
| 513 | 1-bed | 1,143 sqft | AED 2.4MAED 2,400,000 · Jul 2024July 2024 | 120,129 /yr | |
| 514 | 1-bed | 1,143 sqft | AED 2.64MAED 2,635,800 · Apr 2018April 2018 | 158,000 /yr | |
| 515 | 1-bed | 1,143 sqft | AED 2.64MAED 2,635,800 · May 2018May 2018 | 200,000 /yr | |
| 516 | 1-bed | 1,142 sqft | AED 2.53MAED 2,530,368 · Dec 2018December 2018 | ||
| 517 | 2-bed | 2,015 sqft | AED 4.59MAED 4,590,000 · Mar 2025March 2025 | 240,000 /yr |
508, Azure Residences in numbers
- Sold twice: first on 3 August 2015 for AED 4,417,600, last on 2 November 2016 for AED 4,417,600 (AED 2,190 per sqft).
- Rented since September 2017 on 17 Ejari contracts. The rent fell from AED 220,000 to AED 38,000 in 2022 and recovered to AED 60,000 by July 2026.
- At AED 60,000 a year the gross yield on the 2016 price is 1.4%, 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 2 July 2026.
Questions about 508, Azure Residences
What did unit 508 last sell for?
AED 4,417,600 on 2 November 2016: AED 2,190 per sqft for 2,017 sqft. The unit has 2 registered sales; the first was AED 4,417,600 in August 2015.
What is the rent for unit 508?
AED 60,000 a year on the contract renewed on 2 July 2026. The previous contract, from May 2026, was AED 60,000; the unit has been rented since September 2017.
How big is unit 508?
2,017 sqft (187.4 sqm): a two-bedroom apartment on the 5th floor of a 10-storey tower completed in 2015.
What is unit 508 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 508, Azure Residences
Starts from the last sale price (AED 4.42M, 2 November 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 4,417,600
- Deposit, UAE resident (20%)
- AED 883,520
- Deposit, non-resident (40%)
- AED 1,767,040
- Monthly over 25 years at 3.7%
- AED 18,074
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →