1-bed · 843 sqftRoyal Bay, Palm Jumeirah · 1st floor · completed 2017

101, Royal Bay

Sold prices and rental history: sold once, by the developer in May 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 101 · DLD and Ejari recordsUpdated 30 May 2024
Last soldAED 1.26M30 May 2024
Current rentAED 105K /yr16 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 101, Royal Bay

What is 101 worth today?

Last sold for AED 1,260,000 in 2024

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30 May 2024Sold by developerReady
AED 1,260,000AED 1,494 per sqft
16 May 2023RentedNew contract
AED 105,000/yr12 months · AED 125 per sqft
30 Jun 2020RentedNew contract
AED 110,000/yr12 months · AED 130 per sqft
25 Mar 2019RentedNew contract
AED 120,000/yr12 months · AED 142 per sqft
25 Mar 2018RentedNew contract
AED 120,000/yr12 months · AED 143 per sqft

Source: Dubai Land Department. Updated 30 May 2024.

Key facts

Type
1-bed hotel apartment
Size
843 sqft
Floor
1st of 9
Parking
G-1
Developer
Azizi Developments
Completed
2017
Service charge
AED 17,700 /yr
Last sold
AED 1.26M · May 2024
Building
Royal Bay

About 101, Royal Bay

101 is a one-bedroom hotel apartment of 843 sqft on the 1st floor of Royal Bay, a 9-storey tower in Palm Jumeirah completed in 2017 by Azizi Developments. The developer sold it on 30 May 2024 for AED 1,260,000, or AED 1,494 per sqft, 12% below the AED 1,700 one-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 16 May 2023, is AED 105,000 a year: a gross yield of 8.3% on the 2024 price, before the service charge of about AED 17,700 a year.

Sales and rents for 101 over time

Sales
Unit 101, each saleTypical one-bed in Royal Bay
1.5M2M2016201920222025Typical sale price by year: 2016 AED 2,151,621; 2017 AED 2,185,238; 2021 AED 1,398,547; 2022 AED 1,581,400; 2023 AED 1,950,000; 2024 AED 1,827,450; 2025 AED 1,950,000; 2026 AED 2,115,280Sold by developer, May 2024: AED 1,260,000 (AED 1,494 per sqft)

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

Rents
Unit 101, each contractTypical one-bed in Royal Bay
75K100K125K2018202120242027Typical rent by year: 2018 AED 111,250; 2019 AED 97,500; 2020 AED 70,000; 2021 AED 80,000; 2022 AED 100,000; 2023 AED 110,250; 2024 AED 118,500; 2025 AED 120,000; 2026 AED 115,000New contract, March 2018: AED 120,000 a yearNew contract, March 2019: AED 120,000 a yearNew contract, June 2020: AED 110,000 a yearNew contract, May 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 Royal Bay, and where 101 sits

All 58 1-beds →

101 last sold in May 2024 at AED 1,494 per sqft, 12% below what one-beds in Royal Bay were fetching at the time (AED 1,700). Over the last 12 months one-beds sold for AED 1,962,585 to 3,278,991, around AED 2,298 per sqft, and rent for AED 85,000 to 150,000 a year. 101's AED 105,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
6 Aug 20262,230,560
14 Jul 20261,962,585
4 May 20262,000,000
24 Feb 20263,278,991
4 1-bed sales in the last 12 months

Royal Bay

Building

90 apartments, 1-bed to 4-bed over 9 floors in Palm Jumeirah, completed in 2017 by Azizi Developments. 8 sold in the last 12 months.

Typical price per sqft
AED 2,245
Typical sale
AED 2.8M
Typical rent
AED 118K /yr
Typical yield
5.4%
Royal Bay, Palm Jumeirah: prices, sales and rents →

Other units on the 1st floor

All 90 units in Royal Bay
Value
1021-bedAED 2.01M · Nov 2022
1031-bedAED 1.96M · Jul 2026
1041-bedAED 2M · May 2026
1051-bedAED 1.57M · Apr 2024
1061-bedAED 1.75M · Jun 2025
1071-bedAED 2.4M · Aug 2016
1082-bedAED 3.3M · Jan 2017
1–7 of 10

101, Royal Bay in numbers

  • Sold once: by Azizi Developments on 30 May 2024 for AED 1,260,000, or AED 1,494 per sqft.
  • Rented since March 2018 on 4 Ejari contracts, from AED 120,000 to AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2024 price is 8.3%, before a service charge of about AED 17,700 a year (AED 20.94 per sqft).
  • One-beds in Royal Bay sold for AED 1,962,585–3,278,991 in the 12 months to November 2026; the building's median across all types is AED 2,245 per sqft.

Source: Dubai Land Department. Updated 30 May 2024.

Questions about 101, Royal Bay

What did unit 101 last sell for?

AED 1,260,000 on 30 May 2024, sold by the developer: AED 1,494 per sqft for 843 sqft. It is the only registered sale of the unit.

What is the rent for unit 101?

AED 105,000 a year on the contract signed on 16 May 2023. The previous contract, from June 2020, was AED 110,000; the unit has been rented since March 2018.

How big is unit 101?

843 sqft (78.3 sqm): a one-bedroom hotel apartment on the 1st floor of a 9-storey tower completed in 2017.

What is unit 101 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Royal Bay sold for AED 1,962,585 to 3,278,991 in the last 12 months, around AED 2,298 per sqft.

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Mortgage on 101, Royal Bay

Starts from the last sale price (AED 1.26M, 30 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,260,000
Deposit, UAE resident (20%)
AED 252,000
Deposit, non-resident (40%)
AED 504,000
Monthly over 25 years at 3.7%
AED 5,155

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