1-bed · 1,143 sqftAzure Residences, Palm Jumeirah · 7th floor · completed 2015

712, Azure Residences

Sold prices and rental history: sold once, by the developer in August 2019, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 712 · DLD and Ejari recordsUpdated 26 March 2023
Last soldAED 2.42M4 August 2019
Current rentAED 105K /yr26 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 712, Azure Residences

What is 712 worth today?

Last sold for AED 2,415,139 in 2019

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26 Mar 2023RentedNew contract
AED 105,000/yr34 months · AED 92 per sqft
15 Jan 2022RentedNew contract
AED 90,000/yr24 months · AED 79 per sqft
15 Jan 2022RentedNew contract
AED 90,000/yr12 months · AED 79 per sqft
1 Nov 2021RentedNew contract
AED 90,000/yr12 months · AED 79 per sqft
4 Aug 2019Sold by developerReady
AED 2,415,139AED 2,113 per sqft
25 Jul 2019RentedNew contract
AED 95,000/yr13 months · AED 83 per sqft

Source: Dubai Land Department. Updated 26 March 2023.

Key facts

Type
1-bed apartment
Size
1,143 sqft
Floor
7th of 10
Parking
nan
Developer
The Palm - Jumeirah Co
Completed
2015
Service charge
AED 16,100 /yr
Last sold
AED 2.42M · August 2019

About 712, Azure Residences

712 is a one-bedroom apartment of 1,143 sqft on the 7th floor of Azure Residences, a 10-storey tower in Palm Jumeirah completed in 2015 by The Palm - Jumeirah Co. The developer sold it on 4 August 2019 for AED 2,415,139, or AED 2,113 per sqft, 3% below the AED 2,187 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 26 March 2023, is AED 105,000 a year: a gross yield of 4.3% on the 2019 price, before the service charge of about AED 16,100 a year.

Sales and rents for 712 over time

Sales
Unit 712, 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, August 2019: AED 2,415,139 (AED 2,113 per sqft)

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

Rents
Unit 712, each contractTypical one-bed in Azure Residences
100K125K2016201920222025Typical 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, July 2019: AED 95,000 a yearNew contract, November 2021: AED 90,000 a yearNew contract, January 2022: AED 90,000 a yearNew contract, January 2022: AED 90,000 a yearNew contract, March 2023: AED 105,000 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 712 sits

All 140 1-beds →

712 last sold in August 2019 at AED 2,113 per sqft, 3% below what one-beds in Azure Residences were fetching at the time (AED 2,187). 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. 712's AED 105,000 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 7th floor

All 170 units in Azure Residences
Value
7012-bedAED 4.51M · May 2015
7021-bedAED 1.8M · Mar 2016
7031-bedAED 2.69M · Apr 2014
7041-bedAED 2.45M · Jun 2015
7051-bedAED 3.35M · Mar 2026
7061-bedAED 2.45M · Oct 2015
7071-bedAED 2.45M · Jul 2015
1–7 of 16

712, Azure Residences in numbers

  • Sold once: by The Palm - Jumeirah Co on 4 August 2019 for AED 2,415,139, or AED 2,113 per sqft.
  • Rented since July 2019 on 5 Ejari contracts, from AED 95,000 to AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2019 price is 4.3%, 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 26 March 2023.

Questions about 712, Azure Residences

What did unit 712 last sell for?

AED 2,415,139 on 4 August 2019, sold by the developer: AED 2,113 per sqft for 1,143 sqft. It is the only registered sale of the unit.

What is the rent for unit 712?

AED 105,000 a year on the contract signed on 26 March 2023. The previous contract, from January 2022, was AED 90,000; the unit has been rented since July 2019.

How big is unit 712?

1,143 sqft (106.2 sqm): a one-bedroom apartment on the 7th floor of a 10-storey tower completed in 2015.

What is unit 712 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 712, Azure Residences

Starts from the last sale price (AED 2.42M, 4 August 2019). Switch to today's estimate once you have unlocked it.
Price
AED 2,415,139
Deposit, UAE resident (20%)
AED 483,028
Deposit, non-resident (40%)
AED 966,056
Monthly over 25 years at 3.7%
AED 9,881

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