408, Royal Bay
Sold prices and rental history: sold once, by the developer in August 2017, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Royal Bay
What is 408 worth today?
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Source: Dubai Land Department. Updated 1 December 2022.
Key facts
- Type
- 2-bed hotel apartment
- Size
- 1,475 sqft
- Floor
- 4th of 9
- Parking
- B-34
- Developer
- Azizi Developments
- Completed
- 2017
- Service charge
- AED 30,900 /yr
- Last sold
- AED 3.33M · August 2017
- Building
- Royal Bay
About 408, Royal Bay
408 is a two-bedroom hotel apartment of 1,475 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 7 August 2017 for AED 3,332,057, or AED 2,258 per sqft, 5% below the AED 2,377 two-beds in the building were fetching at the time.
It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 1 December 2022, is AED 195,000 a year: a gross yield of 5.9% on the 2017 price, before the service charge of about AED 30,900 a year.
Sales and rents for 408 over time
408 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 408 sits
All 30 2-beds →408 last sold in August 2017 at AED 2,258 per sqft, 5% below what two-beds in Royal Bay were fetching at the time (AED 2,377). 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. 408's AED 195,000 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 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 | |
| 407 | 1-bed | 943 sqft | AED 1.59MAED 1,594,880 · May 2024May 2024 | 85,000 /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 |
408, Royal Bay in numbers
- Sold once: by Azizi Developments on 7 August 2017 for AED 3,332,057, or AED 2,258 per sqft.
- Rented since January 2021 on 2 Ejari contracts, from AED 110,000 to AED 195,000 a year.
- At AED 195,000 a year the gross yield on the 2017 price is 5.9%, before a service charge of about AED 30,900 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 1 December 2022.
Questions about 408, Royal Bay
What did unit 408 last sell for?
AED 3,332,057 on 7 August 2017, sold by the developer: AED 2,258 per sqft for 1,475 sqft. It is the only registered sale of the unit.
What is the rent for unit 408?
AED 195,000 a year on the contract signed on 1 December 2022. The previous contract, from January 2021, was AED 110,000.
How big is unit 408?
1,475 sqft (137.0 sqm): a two-bedroom hotel apartment on the 4th floor of a 9-storey tower completed in 2017.
What is unit 408 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 408, Royal Bay
Starts from the last sale price (AED 3.33M, 7 August 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 3,332,057
- Deposit, UAE resident (20%)
- AED 666,411
- Deposit, non-resident (40%)
- AED 1,332,823
- Monthly over 25 years at 3.7%
- AED 13,632
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →