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

714, Azure Residences

Sold prices and rental history: sold twice, last in November 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 714 · DLD and Ejari recordsUpdated 20 November 2023
Last soldAED 2.38M20 November 2023
Current rentAED 115K /yr22 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 714, Azure Residences

What is 714 worth today?

Last sold for AED 2,375,000 in 2023

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20 Nov 2023SoldReady
AED 2,375,000AED 2,078 per sqft
22 Oct 2023RentedRenewal
AED 115,000/yr12 months · AED 101 per sqft
22 Oct 2022RentedRenewal
AED 95,000/yr12 months · AED 83 per sqft
22 Oct 2021RentedRenewal
AED 95,000/yr12 months · AED 83 per sqft
22 Oct 2020RentedNew contract
AED 95,000/yr12 months · AED 83 per sqft
16 Oct 2019RentedNew contract
AED 112,000/yr12 months · AED 98 per sqft
18 Aug 2019Sold by developerReady
AED 1,479,830AED 1,294 per sqft

Source: Dubai Land Department. Updated 20 November 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 2.38M · November 2023
Building
Azure Residences

About 714, Azure Residences

714 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. It last sold on 20 November 2023 for AED 2,375,000, or AED 2,078 per sqft, 4% above the AED 1,990 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 22 October 2023, is AED 115,000 a year: a gross yield of 4.8% on the 2023 price, before the service charge of about AED 16,100 a year.

Sales and rents for 714 over time

Sales
Unit 714, 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 1,479,830 (AED 1,294 per sqft)Sold, November 2023: AED 2,375,000 (AED 2,078 per sqft)

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

Rents
Unit 714, 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, October 2019: AED 112,000 a yearNew contract, October 2020: AED 95,000 a yearRenewal, October 2021: AED 95,000 a yearRenewal, October 2022: AED 95,000 a yearRenewal, October 2023: AED 115,000 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 714 sits

All 140 1-beds →

714 last sold in November 2023 at AED 2,078 per sqft, 4% above what one-beds in Azure Residences were fetching at the time (AED 1,990). 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. 714's AED 115,000 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

714, Azure Residences in numbers

  • Sold twice: first on 18 August 2019 for AED 1,479,830, last on 20 November 2023 for AED 2,375,000 (AED 2,078 per sqft).
  • Rented since October 2019 on 5 Ejari contracts. The rent fell from AED 112,000 to AED 95,000 in 2022 and recovered to AED 115,000 by October 2023.
  • At AED 115,000 a year the gross yield on the 2023 price is 4.8%, 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 20 November 2023.

Questions about 714, Azure Residences

What did unit 714 last sell for?

AED 2,375,000 on 20 November 2023: AED 2,078 per sqft for 1,143 sqft. The unit has 2 registered sales; the first was AED 1,479,830 in August 2019.

What is the rent for unit 714?

AED 115,000 a year on the contract renewed on 22 October 2023. The previous contract, from October 2022, was AED 95,000; the unit has been rented since October 2019.

How big is unit 714?

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 714 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 714, Azure Residences

Starts from the last sale price (AED 2.38M, 20 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,375,000
Deposit, UAE resident (20%)
AED 475,000
Deposit, non-resident (40%)
AED 950,000
Monthly over 25 years at 3.7%
AED 9,717

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