311, Royal Bay
Sold prices and rental history: sold once, by the developer in July 2017, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 311, Royal Bay
What is 311 worth today?
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Source: Dubai Land Department. Updated 6 October 2024.
Key facts
- Type
- 2-bed hotel apartment
- Size
- 1,442 sqft
- Floor
- 3rd of 9
- Parking
- B-26
- Developer
- Azizi Developments
- Completed
- 2017
- Service charge
- AED 30,200 /yr
- Last sold
- AED 3.47M · July 2017
- Building
- Royal Bay
About 311, Royal Bay
311 is a two-bedroom hotel apartment of 1,442 sqft on the 3rd floor of Royal Bay, a 9-storey tower in Palm Jumeirah completed in 2017 by Azizi Developments. The developer sold it on 12 July 2017 for AED 3,472,964, or AED 2,408 per sqft, in line with the AED 2,407 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 6 October 2024, is AED 180,000 a year: a gross yield of 5.2% on the 2017 price, before the service charge of about AED 30,200 a year.
Sales and rents for 311 over time
311 has sold once; the dashed line is the two-bed median of each year in the building.
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 311 sits
All 30 2-beds →311 last sold in July 2017 at AED 2,408 per sqft, in line with what two-beds in Royal Bay were fetching at the time (AED 2,407). 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. 311's AED 180,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Mar 202610 March 2026 | 1,516 sqft | 2,800,000 | 1,846 | ||
| 7 Jan 20267 January 2026 | 1,633 sqft | 2,800,000 | 1,714 | ||
| 10 Dec 202510 December 2025 | 1,481 sqft | 3,600,000 | 2,430 | ||
| 10 Dec 202510 December 2025 | 1,475 sqft | 3,550,000 | 2,406 |
Royal Bay
Building90 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%
Other units on the 3rd floor
All 90 units in Royal Bay| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 874 sqft | AED 1.98MAED 1,980,000 · Mar 2017March 2017 | 109,108 /yr | |
| 302 | 1-bed | 943 sqft | AED 2.17MAED 2,174,186 · Apr 2017April 2017 | ||
| 303 | 2-bed | 1,633 sqft | AED 3.23MAED 3,231,590 · Feb 2024February 2024 | 165,000 /yr | |
| 304 | 1-bed | 791 sqft | AED 1.7MAED 1,700,000 · Jun 2025June 2025 | 115,000 /yr | |
| 305 | 1-bed | 981 sqft | AED 2.22MAED 2,217,077 · Jan 2017January 2017 | 137,200 /yr | |
| 306 | 1-bed | 851 sqft | AED 2MAED 2,000,000 · Aug 2025August 2025 | 115,000 /yr | |
| 307 | 1-bed | 1,125 sqft | AED 2.15MAED 2,150,000 · Oct 2024October 2024 | 130,000 /yr | |
| 308 | 2-bed | 1,481 sqft | AED 3.6MAED 3,600,000 · Dec 2025December 2025 | ||
| 309 | 2-bed | 1,494 sqft | AED 3.4MAED 3,400,000 · Jan 2025January 2025 | 170,000 /yr | |
| 310 | 1-bed | 1,111 sqft | AED 3.35MAED 3,353,520 · Jul 2024July 2024 | 130,000 /yr |
311, Royal Bay in numbers
- Sold once: by Azizi Developments on 12 July 2017 for AED 3,472,964, or AED 2,408 per sqft.
- Rented since August 2018 on 5 Ejari contracts. The rent fell from AED 135,000 to AED 95,000 in 2021 and recovered to AED 180,000 by October 2024.
- At AED 180,000 a year the gross yield on the 2017 price is 5.2%, before a service charge of about AED 30,200 a year (AED 20.94 per sqft).
- 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 6 October 2024.
Questions about 311, Royal Bay
What did unit 311 last sell for?
AED 3,472,964 on 12 July 2017, sold by the developer: AED 2,408 per sqft for 1,442 sqft. It is the only registered sale of the unit.
What is the rent for unit 311?
AED 180,000 a year on the contract renewed on 6 October 2024. The previous contract, from October 2023, was AED 180,000; the unit has been rented since August 2018.
How big is unit 311?
1,442 sqft (134.0 sqm): a two-bedroom hotel apartment on the 3rd floor of a 9-storey tower completed in 2017.
What is unit 311 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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Mortgage on 311, Royal Bay
Starts from the last sale price (AED 3.47M, 12 July 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 3,472,964
- Deposit, UAE resident (20%)
- AED 694,593
- Deposit, non-resident (40%)
- AED 1,389,186
- Monthly over 25 years at 3.7%
- AED 14,209
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →