515, Azure Residences
Sold prices and rental history: sold once, by the developer in May 2018, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 515, Azure Residences
What is 515 worth today?
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Source: Dubai Land Department. Updated 3 May 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 1,143 sqft
- Floor
- 5th of 10
- Parking
- nan
- Developer
- The Palm - Jumeirah Co
- Completed
- 2015
- Service charge
- AED 16,100 /yr
- Last sold
- AED 2.64M · May 2018
- Building
- Azure Residences
About 515, Azure Residences
515 is a one-bedroom apartment of 1,143 sqft on the 5th floor of Azure Residences, a 10-storey tower in Palm Jumeirah completed in 2015 by The Palm - Jumeirah Co. The developer sold it on 3 May 2018 for AED 2,635,800, or AED 2,306 per sqft, in line with the AED 2,260 one-beds in the building were fetching at the time.
It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 3 May 2023, is AED 200,000 a year: a gross yield of 7.6% on the 2018 price, before the service charge of about AED 16,100 a year.
Sales and rents for 515 over time
515 has sold once; 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 515 sits
All 140 1-beds →515 last sold in May 2018 at AED 2,306 per sqft, in line with what one-beds in Azure Residences were fetching at the time (AED 2,260). 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. 515's AED 200,000 is at the top 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 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 | |
| 508 | 2-bed | 2,017 sqft | AED 4.42MAED 4,417,600 · Nov 2016November 2016 | 60,000 /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 | |
| 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 |
515, Azure Residences in numbers
- Sold once: by The Palm - Jumeirah Co on 3 May 2018 for AED 2,635,800, or AED 2,306 per sqft.
- Rented since July 2019 on 2 Ejari contracts, from AED 123,500 to AED 200,000 a year.
- At AED 200,000 a year the gross yield on the 2018 price is 7.6%, 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 3 May 2023.
Questions about 515, Azure Residences
What did unit 515 last sell for?
AED 2,635,800 on 3 May 2018, sold by the developer: AED 2,306 per sqft for 1,143 sqft. It is the only registered sale of the unit.
What is the rent for unit 515?
AED 200,000 a year on the contract signed on 3 May 2023. The previous contract, from July 2019, was AED 123,500.
How big is unit 515?
1,143 sqft (106.2 sqm): a one-bedroom apartment on the 5th floor of a 10-storey tower completed in 2015.
What is unit 515 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 515, Azure Residences
Starts from the last sale price (AED 2.64M, 3 May 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 2,635,800
- Deposit, UAE resident (20%)
- AED 527,160
- Deposit, non-resident (40%)
- AED 1,054,320
- Monthly over 25 years at 3.7%
- AED 10,784
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →