1-bed · 1,143 sqftAzure Residences, Palm Jumeirah · 6th floor · completed 2015

614, Azure Residences

Sold prices and rental history: sold twice, last in December 2022, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 614 · DLD and Ejari recordsUpdated 16 December 2022
Last soldAED 2.1M16 December 2022
Current rentAED 120K /yr15 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 614, Azure Residences

What is 614 worth today?

Last sold for AED 2,100,000 in 2022

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16 Dec 2022SoldReady
AED 2,100,000AED 1,837 per sqft
15 Jul 2022RentedNew contract
AED 120,000/yr12 months · AED 105 per sqft
7 Jul 2021RentedRenewal
AED 75,000/yr12 months · AED 66 per sqft
7 Jul 2020RentedNew contract
AED 75,000/yr12 months · AED 66 per sqft
11 Feb 2020RentedNew contract
AED 80,000/yr12 months · AED 70 per sqft
1 Feb 2020RentedNew contract
AED 80,000/yr12 months · AED 70 per sqft
10 Jan 2019RentedNew contract
AED 100,000/yr12 months · AED 88 per sqft
27 Dec 2018Sold by developerReady
AED 2,556,768AED 2,237 per sqft

Source: Dubai Land Department. Updated 16 December 2022.

Key facts

Type
1-bed apartment
Size
1,143 sqft
Floor
6th of 10
Parking
nan
Developer
The Palm - Jumeirah Co
Completed
2015
Service charge
AED 16,100 /yr
Last sold
AED 2.1M · December 2022

About 614, Azure Residences

614 is a one-bedroom apartment of 1,143 sqft on the 6th floor of Azure Residences, a 10-storey tower in Palm Jumeirah completed in 2015 by The Palm - Jumeirah Co. It last sold on 16 December 2022 for AED 2,100,000, or AED 1,837 per sqft, in line with the AED 1,837 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, signed on 15 July 2022, is AED 120,000 a year: a gross yield of 5.7% on the 2022 price, before the service charge of about AED 16,100 a year.

Sales and rents for 614 over time

Sales
Unit 614, each saleTypical one-bed in Azure Residences
2M3M2013201720212025Typical sale price by year: 2013 AED 2,599,500; 2014 AED 2,663,300; 2015 AED 2,471,000; 2016 AED 2,500,000; 2017 AED 2,553,400; 2018 AED 2,556,768; 2019 AED 1,494,955; 2020 AED 1,482,072; 2021 AED 1,830,000; 2022 AED 2,125,000; 2023 AED 2,350,000; 2024 AED 2,622,500; 2025 AED 2,888,000; 2026 AED 3,350,000Sold by developer, December 2018: AED 2,556,768 (AED 2,237 per sqft)Sold, December 2022: AED 2,100,000 (AED 1,837 per sqft)

614 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 614, each contractTypical one-bed in Azure Residences
100K150K2016201920222025Typical rent by year: 2016 AED 140,000; 2017 AED 130,000; 2018 AED 115,000; 2019 AED 95,000; 2020 AED 90,000; 2021 AED 90,000; 2022 AED 95,000; 2023 AED 86,100; 2024 AED 113,595; 2025 AED 104,400; 2026 AED 109,620New contract, January 2019: AED 100,000 a yearNew contract, February 2020: AED 80,000 a yearNew contract, February 2020: AED 80,000 a yearNew contract, July 2020: AED 75,000 a yearRenewal, July 2021: AED 75,000 a yearNew contract, July 2022: AED 120,000 a year

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 614 sits

All 140 1-beds →

614 last sold in December 2022 at AED 1,837 per sqft, in line with what one-beds in Azure Residences were fetching at the time (AED 1,837). 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. 614's AED 120,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
20 Jul 20262,825,000
14 Jul 20263,000,000
19 May 20263,350,000
12 Mar 20263,350,000
6 1-bed sales 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 6th floor

All 170 units in Azure Residences
Value
6012-bedAED 4.91M · Feb 2015
6021-bedAED 2.42M · Dec 2015
6031-bedAED 3.3M · Dec 2025
6041-bedAED 2.42M · Jun 2015
6051-bedAED 2.66M · Nov 2016
6061-bedAED 2.66M · Jul 2015
6071-bedAED 2.66M · Aug 2014
1–7 of 16

614, Azure Residences in numbers

  • Sold twice: first on 27 December 2018 for AED 2,556,768, last on 16 December 2022 for AED 2,100,000 (AED 1,837 per sqft).
  • Rented since January 2019 on 6 Ejari contracts. The rent fell from AED 100,000 to AED 75,000 in 2021 and recovered to AED 120,000 by July 2022.
  • At AED 120,000 a year the gross yield on the 2022 price is 5.7%, 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 16 December 2022.

Questions about 614, Azure Residences

What did unit 614 last sell for?

AED 2,100,000 on 16 December 2022: AED 1,837 per sqft for 1,143 sqft. The unit has 2 registered sales; the first was AED 2,556,768 in December 2018.

What is the rent for unit 614?

AED 120,000 a year on the contract signed on 15 July 2022. The previous contract, from July 2021, was AED 75,000; the unit has been rented since January 2019.

How big is unit 614?

1,143 sqft (106.2 sqm): a one-bedroom apartment on the 6th floor of a 10-storey tower completed in 2015.

What is unit 614 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 614, Azure Residences

Starts from the last sale price (AED 2.1M, 16 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

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