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

715, Azure Residences

Sold prices and rental history: sold twice, last in February 2024, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 715 · DLD and Ejari recordsUpdated 6 February 2024
Last soldAED 2.35M6 February 2024
Current rentAED 109K /yr15 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 715, Azure Residences

What is 715 worth today?

Last sold for AED 2,350,000 in 2024

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6 Feb 2024SoldReady
AED 2,350,000AED 2,056 per sqft
15 Nov 2021RentedNew contract
AED 109,000/yr12 months · AED 96 per sqft
23 Feb 2019RentedNew contract
AED 115,000/yr12 months · AED 101 per sqft
19 Dec 2018Sold by developerReady
AED 2,690,600AED 2,354 per sqft

Source: Dubai Land Department. Updated 6 February 2024.

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 2.35M · February 2024

About 715, Azure Residences

715 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 6 February 2024 for AED 2,350,000, or AED 2,056 per sqft, in line with the AED 2,056 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 15 November 2021, is AED 109,000 a year: a gross yield of 4.6% on the 2024 price, before the service charge of about AED 16,100 a year.

Sales and rents for 715 over time

Sales
Unit 715, 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 2,690,600 (AED 2,354 per sqft)Sold, February 2024: AED 2,350,000 (AED 2,056 per sqft)

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

Rents
Unit 715, 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, February 2019: AED 115,000 a yearNew contract, November 2021: AED 109,000 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 715 sits

All 140 1-beds →

715 last sold in February 2024 at AED 2,056 per sqft, in line with what one-beds in Azure Residences were fetching at the time (AED 2,056). 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. 715's AED 109,000 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

715, Azure Residences in numbers

  • Sold twice: first on 19 December 2018 for AED 2,690,600, last on 6 February 2024 for AED 2,350,000 (AED 2,056 per sqft).
  • Rented since February 2019 on 2 Ejari contracts, from AED 115,000 to AED 109,000 a year.
  • At AED 109,000 a year the gross yield on the 2024 price is 4.6%, 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 6 February 2024.

Questions about 715, Azure Residences

What did unit 715 last sell for?

AED 2,350,000 on 6 February 2024: AED 2,056 per sqft for 1,143 sqft. The unit has 2 registered sales; the first was AED 2,690,600 in December 2018.

What is the rent for unit 715?

AED 109,000 a year on the contract signed on 15 November 2021. The previous contract, from February 2019, was AED 115,000.

How big is unit 715?

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 715 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 715, Azure Residences

Starts from the last sale price (AED 2.35M, 6 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,350,000
Deposit, UAE resident (20%)
AED 470,000
Deposit, non-resident (40%)
AED 940,000
Monthly over 25 years at 3.7%
AED 9,615

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