2-bed · 1,516 sqftRoyal Bay, Palm Jumeirah · 2nd floor · completed 2017

203, Royal Bay

Sold prices and rental history: no registered sale, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 203 · DLD and Ejari recordsUpdated 5 June 2022
Current rentAED 105K /yr5 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 203, Royal Bay

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5 Jun 2022RentedRenewal
AED 105,000/yr12 months · AED 69 per sqft
5 Jun 2021RentedNew contract
AED 105,000/yr12 months · AED 69 per sqft

Source: Dubai Land Department. Updated 5 June 2022.

Key facts

Type
2-bed hotel apartment
Size
1,516 sqft
Floor
2nd of 9
Parking
B-9
Developer
Azizi Developments
Completed
2017
Service charge
AED 31,800 /yr
Last sold
No registered sale
Building
Royal Bay

About 203, Royal Bay

203 is a two-bedroom hotel apartment of 1,516 sqft on the 2nd floor of Royal Bay, a 9-storey tower in Palm Jumeirah completed in 2017 by Azizi Developments. No sale of the unit is registered with the Dubai Land Department.

It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 5 June 2022, is AED 105,000 a year, before the service charge of about AED 31,800 a year.

Sales and rents for 203 over time

Sales
Unit 203, each saleTypical two-bed in Royal Bay
2M3M2016201920222025Typical sale price by year: 2016 AED 3,398,435; 2017 AED 3,433,059; 2019 AED 3,184,600; 2022 AED 2,175,000; 2024 AED 2,961,180; 2025 AED 3,475,000

No registered sale of 203; the dashed line is the two-bed median of each year in the building.

Rents
Unit 203, each contractTypical two-bed in Royal Bay
100K150K2018202120242027Typical rent by year: 2018 AED 135,000; 2019 AED 127,500; 2020 AED 110,000; 2021 AED 110,000; 2022 AED 135,000; 2023 AED 170,000; 2024 AED 180,000; 2025 AED 165,000; 2026 AED 182,500New contract, June 2021: AED 105,000 a yearRenewal, June 2022: AED 105,000 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 Royal Bay, and where 203 sits

All 30 2-beds →

Over the last 12 months two-beds sold for AED 2,800,000 to 3,600,000, around AED 2,126 per sqft, and rent for AED 135,000 to 210,000 a year. 203's AED 105,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
10 Mar 20262,800,000
7 Jan 20262,800,000
10 Dec 20253,600,000
10 Dec 20253,550,000
4 2-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 120K /yr
Typical yield
5.4%
Royal Bay, Palm Jumeirah: prices, sales and rents →

Other units on the 2nd floor

All 90 units in Royal Bay
Value
2011-bedAED 1.65M · Jun 2019
2021-bedAED 2.23M · Aug 2026
2041-bedAED 1.65M · May 2025
2051-bedAED 1.67M · Jul 2024
2061-bedAED 1.45M · Jul 2022
2071-bedAED 1.84M · Aug 2024
2082-bedAED 2.95M · Aug 2016
1–7 of 10

203, Royal Bay in numbers

  • No sale of the unit is registered with the Dubai Land Department.
  • Rented since June 2021 on 2 Ejari contracts, at AED 105,000 a year.
  • Two-beds in Royal Bay sold for AED 2,800,000–3,600,000 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 5 June 2022.

Questions about 203, Royal Bay

What is the rent for unit 203?

AED 105,000 a year on the contract renewed on 5 June 2022. The previous contract, from June 2021, was AED 105,000.

How big is unit 203?

1,516 sqft (140.8 sqm): a two-bedroom hotel apartment on the 2nd floor of a 9-storey tower completed in 2017.

What is unit 203 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Royal Bay sold for AED 2,800,000 to 3,600,000 in the last 12 months, around AED 2,126 per sqft.

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