403, Royal Bay
Sold prices and rental history: sold once, by the developer in April 2024, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 403, Royal Bay
What is 403 worth today?
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Source: Dubai Land Department. Updated 15 April 2024.
Key facts
- Type
- 2-bed hotel apartment
- Size
- 1,516 sqft
- Floor
- 4th of 9
- Parking
- B-29
- Developer
- Azizi Developments
- Completed
- 2017
- Service charge
- AED 31,800 /yr
- Last sold
- AED 2.92M · April 2024
- Building
- Royal Bay
About 403, Royal Bay
403 is a two-bedroom hotel apartment of 1,516 sqft on the 4th floor of Royal Bay, a 9-storey tower in Palm Jumeirah completed in 2017 by Azizi Developments. The developer sold it on 15 April 2024 for AED 2,918,160, or AED 1,924 per sqft, in line with the AED 1,951 two-beds in the building were fetching at the time.
It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 5 August 2020, is AED 110,000 a year: a gross yield of 3.8% on the 2024 price, before the service charge of about AED 31,800 a year.
Sales and rents for 403 over time
403 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 403 sits
All 30 2-beds →403 last sold in April 2024 at AED 1,924 per sqft, in line with what two-beds in Royal Bay were fetching at the time (AED 1,951). 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. 403's AED 110,000 is at the bottom 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 118K /yr
- Typical yield
- 5.4%
Other units on the 4th floor
All 90 units in Royal Bay| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 862 sqft | AED 1.82MAED 1,823,086 · Dec 2016December 2016 | 95,000 /yr | |
| 402 | 1-bed | 1,070 sqft | AED 1.83MAED 1,827,450 · Jul 2024July 2024 | 115,000 /yr | |
| 404 | 1-bed | 821 sqft | AED 1.4MAED 1,398,547 · Jun 2021June 2021 | 115,000 /yr | |
| 405 | 1-bed | 1,143 sqft | AED 1.67MAED 1,666,850 · Jul 2024July 2024 | 120,000 /yr | |
| 406 | 1-bed | 899 sqft | AED 2.37MAED 2,367,696 · Sep 2025September 2025 | 100,000 /yr | |
| 407 | 1-bed | 943 sqft | AED 1.59MAED 1,594,880 · May 2024May 2024 | 85,000 /yr | |
| 408 | 2-bed | 1,475 sqft | AED 3.33MAED 3,332,057 · Aug 2017August 2017 | 195,000 /yr | |
| 409 | 2-bed | 1,424 sqft | AED 3.2MAED 3,200,000 · Oct 2016October 2016 | 160,718 /yr | |
| 410 | 1-bed | 1,101 sqft | AED 2.63MAED 2,625,000 · May 2017May 2017 | 120,000 /yr | |
| 411 | 2-bed | 1,404 sqft | AED 2.19MAED 2,186,200 · Aug 2024August 2024 | 135,000 /yr |
403, Royal Bay in numbers
- Sold once: by Azizi Developments on 15 April 2024 for AED 2,918,160, or AED 1,924 per sqft.
- Rented since December 2019 on 2 Ejari contracts, at AED 110,000 a year.
- At AED 110,000 a year the gross yield on the 2024 price is 3.8%, before a service charge of about AED 31,800 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 15 April 2024.
Questions about 403, Royal Bay
What did unit 403 last sell for?
AED 2,918,160 on 15 April 2024, sold by the developer: AED 1,924 per sqft for 1,516 sqft. It is the only registered sale of the unit.
What is the rent for unit 403?
AED 110,000 a year on the contract signed on 5 August 2020. The previous contract, from December 2019, was AED 110,000.
How big is unit 403?
1,516 sqft (140.8 sqm): a two-bedroom hotel apartment on the 4th floor of a 9-storey tower completed in 2017.
What is unit 403 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 403, Royal Bay
Starts from the last sale price (AED 2.92M, 15 April 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,918,160
- Deposit, UAE resident (20%)
- AED 583,632
- Deposit, non-resident (40%)
- AED 1,167,264
- Monthly over 25 years at 3.7%
- AED 11,939
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →