716, Azure Residences
Sold prices and rental history: sold once, by the developer in May 2017, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 716, Azure Residences
What is 716 worth today?
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Source: Dubai Land Department. Updated 25 October 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 1,142 sqft
- Floor
- 7th of 10
- Parking
- nan
- Developer
- The Palm - Jumeirah Co
- Completed
- 2015
- Service charge
- AED 16,000 /yr
- Last sold
- AED 2.69M · May 2017
- Building
- Azure Residences
About 716, Azure Residences
716 is a one-bedroom apartment of 1,142 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 21 May 2017 for AED 2,690,600, or AED 2,355 per sqft, 5% above the AED 2,246 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, renewed on 25 October 2023, is AED 160,000 a year: a gross yield of 5.9% on the 2017 price, before the service charge of about AED 16,000 a year.
Sales and rents for 716 over time
716 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 716 sits
All 140 1-beds →716 last sold in May 2017 at AED 2,355 per sqft, 5% above what one-beds in Azure Residences were fetching at the time (AED 2,246). 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. 716's AED 160,000 is in the upper half 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 7th floor
All 170 units in Azure Residences| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 2-bed | 2,017 sqft | AED 4.51MAED 4,509,600 · May 2015May 2015 | 49,875 /yr | |
| 702 | 1-bed | 1,142 sqft | AED 1.8MAED 1,800,000 · Mar 2016March 2016 | 88,000 /yr | |
| 703 | 1-bed | 1,143 sqft | AED 2.69MAED 2,690,600 · Apr 2014April 2014 | 150,000 /yr | |
| 704 | 1-bed | 593 sqft | AED 2.45MAED 2,446,000 · Jun 2015June 2015 | 70,400 /yr | |
| 705 | 1-bed | 1,143 sqft | AED 3.35MAED 3,350,000 · Mar 2026March 2026 | 160,000 /yr | |
| 706 | 1-bed | 593 sqft | AED 2.45MAED 2,446,000 · Oct 2015October 2015 | 49,203 /yr | |
| 707 | 1-bed | 1,142 sqft | AED 2.45MAED 2,446,000 · Jul 2015July 2015 | 77,700 /yr | |
| 708 | 2-bed | 2,018 sqft | AED 4.95MAED 4,950,000 · Apr 2025April 2025 | 63,000 /yr | |
| 709 | 1-bed | 1,151 sqft | AED 1.42MAED 1,420,637 · Feb 2020February 2020 | 53,000 /yr | |
| 710 | 1-bed | 1,143 sqft | AED 1.42MAED 1,420,637 · Nov 2019November 2019 | 155,000 /yr | |
| 711 | 1-bed | 1,143 sqft | AED 3MAED 3,000,000 · Jul 2025July 2025 | 55,000 /yr | |
| 712 | 1-bed | 1,143 sqft | AED 2.42MAED 2,415,139 · Aug 2019August 2019 | 105,000 /yr | |
| 713 | 1-bed | 1,143 sqft | AED 3.52MAED 3,520,000 · Mar 2026March 2026 | 210,000 /yr | |
| 714 | 1-bed | 1,143 sqft | AED 2.38MAED 2,375,000 · Nov 2023November 2023 | 115,000 /yr | |
| 715 | 1-bed | 1,143 sqft | AED 2.35MAED 2,350,000 · Feb 2024February 2024 | 109,000 /yr | |
| 717 | 2-bed | 2,018 sqft | AED 4.96MAED 4,960,600 · Apr 2018April 2018 |
716, Azure Residences in numbers
- Sold once: by The Palm - Jumeirah Co on 21 May 2017 for AED 2,690,600, or AED 2,355 per sqft.
- Rented since June 2017 on 7 Ejari contracts. The rent fell from AED 135,000 to AED 95,000 in 2020 and recovered to AED 160,000 by October 2023.
- At AED 160,000 a year the gross yield on the 2017 price is 5.9%, before a service charge of about AED 16,000 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 25 October 2023.
Questions about 716, Azure Residences
What did unit 716 last sell for?
AED 2,690,600 on 21 May 2017, sold by the developer: AED 2,355 per sqft for 1,142 sqft. It is the only registered sale of the unit.
What is the rent for unit 716?
AED 160,000 a year on the contract renewed on 25 October 2023. The previous contract, from October 2022, was AED 150,000; the unit has been rented since June 2017.
How big is unit 716?
1,142 sqft (106.1 sqm): a one-bedroom apartment on the 7th floor of a 10-storey tower completed in 2015.
What is unit 716 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 716, Azure Residences
Starts from the last sale price (AED 2.69M, 21 May 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 2,690,600
- Deposit, UAE resident (20%)
- AED 538,120
- Deposit, non-resident (40%)
- AED 1,076,240
- Monthly over 25 years at 3.7%
- AED 11,008
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →