407, Royal Bay
Sold prices and rental history: sold once, by the developer in May 2024, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 407, Royal Bay
What is 407 worth today?
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Source: Dubai Land Department. Updated 30 May 2024.
Key facts
- Type
- 1-bed hotel apartment
- Size
- 943 sqft
- Floor
- 4th of 9
- Parking
- B-33
- Developer
- Azizi Developments
- Completed
- 2017
- Service charge
- AED 19,700 /yr
- Last sold
- AED 1.59M · May 2024
- Building
- Royal Bay
About 407, Royal Bay
407 is a one-bedroom hotel apartment of 943 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 30 May 2024 for AED 1,594,880, or AED 1,692 per sqft, in line with the AED 1,700 one-beds in the building were fetching at the time.
It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 25 July 2021, is AED 85,000 a year: a gross yield of 5.3% on the 2024 price, before the service charge of about AED 19,700 a year.
Sales and rents for 407 over time
407 has sold once; the dashed line is the one-bed median of each year in the building.
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 407 sits
All 58 1-beds →407 last sold in May 2024 at AED 1,692 per sqft, in line with 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. 407's AED 85,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 Aug 20266 August 2026 | 1,070 sqft | 2,230,560 | 2,084 | ||
| 14 Jul 202614 July 2026 | 1,071 sqft | 1,962,585 | 1,832 | ||
| 4 May 20264 May 2026 | 796 sqft | 2,000,000 | 2,512 | ||
| 24 Feb 202624 February 2026 | 1,111 sqft | 3,278,991 | 2,951 |
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 | |
| 403 | 2-bed | 1,516 sqft | AED 2.92MAED 2,918,160 · Apr 2024April 2024 | 110,000 /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 | |
| 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 |
407, Royal Bay in numbers
- Sold once: by Azizi Developments on 30 May 2024 for AED 1,594,880, or AED 1,692 per sqft.
- Rented since November 2018 on 3 Ejari contracts, from AED 120,000 to AED 85,000 a year.
- At AED 85,000 a year the gross yield on the 2024 price is 5.3%, before a service charge of about AED 19,700 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 407, Royal Bay
What did unit 407 last sell for?
AED 1,594,880 on 30 May 2024, sold by the developer: AED 1,692 per sqft for 943 sqft. It is the only registered sale of the unit.
What is the rent for unit 407?
AED 85,000 a year on the contract signed on 25 July 2021. The previous contract, from November 2019, was AED 120,000; the unit has been rented since November 2018.
How big is unit 407?
943 sqft (87.6 sqm): a one-bedroom hotel apartment on the 4th floor of a 9-storey tower completed in 2017.
What is unit 407 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 407, Royal Bay
Starts from the last sale price (AED 1.59M, 30 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,594,880
- Deposit, UAE resident (20%)
- AED 318,976
- Deposit, non-resident (40%)
- AED 637,952
- Monthly over 25 years at 3.7%
- AED 6,525
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →