2-bed · 2,018 sqftAzure Residences, Palm Jumeirah · 9th floor · completed 2015

917, Azure Residences

Sold prices and rental history: sold once, by the developer in January 2017, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 917 · DLD and Ejari recordsUpdated 15 February 2024
Last soldAED 4.91M9 January 2017
Current rentAED 170K /yr15 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 917, Azure Residences

What is 917 worth today?

Last sold for AED 4,909,946 in 2017

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15 Feb 2024RentedNew contract
AED 170,000/yr12 months · AED 84 per sqft
20 Sep 2022RentedRenewal
AED 140,000/yr12 months · AED 69 per sqft
20 Sep 2021RentedRenewal
AED 121,000/yr12 months · AED 60 per sqft
20 Sep 2020RentedNew contract
AED 110,000/yr12 months · AED 54 per sqft
13 Sep 2019RentedNew contract
AED 140,000/yr12 months · AED 69 per sqft
28 Jan 2019RentedNew contract
AED 170,000/yr12 months · AED 84 per sqft
9 Jan 2017Sold by developerReady
AED 4,909,946AED 2,432 per sqft

Source: Dubai Land Department. Updated 15 February 2024.

Key facts

Type
2-bed apartment
Size
2,018 sqft
Floor
9th of 10
Parking
nan
Developer
The Palm - Jumeirah Co
Completed
2015
Service charge
AED 28,400 /yr
Last sold
AED 4.91M · January 2017

About 917, Azure Residences

917 is a two-bedroom apartment of 2,018 sqft on the 9th floor of Azure Residences, a 10-storey tower in Palm Jumeirah completed in 2015 by The Palm - Jumeirah Co. The developer sold it on 9 January 2017 for AED 4,909,946, or AED 2,432 per sqft, 27% below the AED 3,353 two-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 February 2024, is AED 170,000 a year: a gross yield of 3.5% on the 2017 price, before the service charge of about AED 28,400 a year.

Sales and rents for 917 over time

Sales
Unit 917, each saleTypical two-bed in Azure Residences
2M4M2013201720212025Typical sale price by year: 2013 AED 4,555,600; 2015 AED 4,532,600; 2016 AED 4,555,600; 2017 AED 4,543,000; 2020 AED 2,399,027; 2025 AED 4,950,000Sold by developer, January 2017: AED 4,909,946 (AED 2,432 per sqft)

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

Rents
Unit 917, each contractTypical two-bed in Azure Residences
100K200K2017202020232026Typical rent by year: 2017 AED 181,250; 2018 AED 65,000; 2019 AED 160,000; 2020 AED 130,000; 2021 AED 80,500; 2022 AED 123,840; 2023 AED 48,000; 2024 AED 55,000; 2025 AED 60,000; 2026 AED 57,500New contract, January 2019: AED 170,000 a yearNew contract, September 2019: AED 140,000 a yearNew contract, September 2020: AED 110,000 a yearRenewal, September 2021: AED 121,000 a yearRenewal, September 2022: AED 140,000 a yearNew contract, February 2024: AED 170,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Azure Residences, and where 917 sits

All 30 2-beds →

917 last sold in January 2017 at AED 2,432 per sqft, 27% below what two-beds in Azure Residences were fetching at the time (AED 3,353). Over the last 12 months two-beds sold for AED 5,850,000, around AED 2,899 per sqft, and rent for AED 48,510 to 400,000 a year. 917's AED 170,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
13 Jan 20265,850,000
23 Oct 20255,900,000
30 Jun 20255,850,000
30 Apr 20254,950,000
1 2-bed sale 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 9th floor

All 170 units in Azure Residences
Value
9012-bedAED 4.6M · Apr 2016
9021-bedAED 2.5M · Nov 2014
9031-bedAED 2.66M · May 2024
9041-bedAED 2.8M · Jul 2024
9051-bedAED 2.5M · Nov 2014
9061-bedAED 2.35M · Jan 2023
9071-bedAED 2.5M · Jun 2015
1–7 of 16

917, Azure Residences in numbers

  • Sold once: by The Palm - Jumeirah Co on 9 January 2017 for AED 4,909,946, or AED 2,432 per sqft.
  • Rented since January 2019 on 6 Ejari contracts. The rent fell from AED 170,000 to AED 110,000 in 2020 and recovered to AED 170,000 by February 2024.
  • At AED 170,000 a year the gross yield on the 2017 price is 3.5%, before a service charge of about AED 28,400 a year (AED 14.05 per sqft).
  • Two-beds in Azure Residences sold for AED 5,850,000–5,850,000 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 15 February 2024.

Questions about 917, Azure Residences

What did unit 917 last sell for?

AED 4,909,946 on 9 January 2017, sold by the developer: AED 2,432 per sqft for 2,018 sqft. It is the only registered sale of the unit.

What is the rent for unit 917?

AED 170,000 a year on the contract signed on 15 February 2024. The previous contract, from September 2022, was AED 140,000; the unit has been rented since January 2019.

How big is unit 917?

2,018 sqft (187.5 sqm): a two-bedroom apartment on the 9th floor of a 10-storey tower completed in 2015.

What is unit 917 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Azure Residences sold for AED 5,850,000 to 5,850,000 in the last 12 months, around AED 2,899 per sqft.

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Mortgage on 917, Azure Residences

Starts from the last sale price (AED 4.91M, 9 January 2017). Switch to today's estimate once you have unlocked it.
Price
AED 4,909,946
Deposit, UAE resident (20%)
AED 981,989
Deposit, non-resident (40%)
AED 1,963,978
Monthly over 25 years at 3.7%
AED 20,088

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