503, Royal Bay
Sold prices and rental history: sold once, by the developer in July 2024, and rented once, from August 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 503, Royal Bay
What is 503 worth today?
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Source: Dubai Land Department. Updated 29 July 2024.
Key facts
- Type
- 2-bed hotel apartment
- Size
- 1,633 sqft
- Floor
- 5th of 9
- Parking
- B-41
- Developer
- Azizi Developments
- Completed
- 2017
- Service charge
- AED 34,200 /yr
- Last sold
- AED 3.23M · July 2024
- Building
- Royal Bay
About 503, Royal Bay
503 is a two-bedroom hotel apartment of 1,633 sqft on the 5th floor of Royal Bay, a 9-storey tower in Palm Jumeirah completed in 2017 by Azizi Developments. The developer sold it on 29 July 2024 for AED 3,234,260, or AED 1,980 per sqft, in line with the AED 1,953 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 1 August 2020. The current contract, signed on 1 August 2020, is AED 90,000 a year: a gross yield of 2.8% on the 2024 price, before the service charge of about AED 34,200 a year.
Sales and rents for 503 over time
503 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 503 sits
All 30 2-beds →503 last sold in July 2024 at AED 1,980 per sqft, in line with what two-beds in Royal Bay were fetching at the time (AED 1,953). 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. 503's AED 90,000 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 5th floor
All 90 units in Royal Bay| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 874 sqft | AED 2.05MAED 2,046,832 · Mar 2017March 2017 | 105,000 /yr | |
| 502 | 1-bed | 943 sqft | AED 2.19MAED 2,185,238 · Feb 2017February 2017 | 140,000 /yr | |
| 504 | 1-bed | 791 sqft | AED 1.95MAED 1,952,375 · Jun 2017June 2017 | 115,000 /yr | |
| 505 | 1-bed | 981 sqft | AED 1.57MAED 1,570,800 · Apr 2024April 2024 | 115,000 /yr | |
| 506 | 1-bed | 851 sqft | AED 1.55MAED 1,550,000 · Oct 2022October 2022 | 90,000 /yr | |
| 507 | 1-bed | 1,125 sqft | No registered sale | 105,000 /yr | |
| 508 | 2-bed | 1,481 sqft | AED 3.6MAED 3,595,318 · Feb 2017February 2017 | 190,000 /yr | |
| 509 | 2-bed | 1,494 sqft | AED 3.6MAED 3,596,870 · Aug 2016August 2016 | ||
| 510 | 1-bed | 1,111 sqft | AED 2.6MAED 2,598,801 · Dec 2017December 2017 | 84,000 /yr | |
| 511 | 2-bed | 1,442 sqft | AED 3.62MAED 3,621,540 · Nov 2017November 2017 | 180,000 /yr |
503, Royal Bay in numbers
- Sold once: by Azizi Developments on 29 July 2024 for AED 3,234,260, or AED 1,980 per sqft.
- Rented since August 2020 on one Ejari contract, at AED 90,000 a year.
- At AED 90,000 a year the gross yield on the 2024 price is 2.8%, before a service charge of about AED 34,200 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 29 July 2024.
Questions about 503, Royal Bay
What did unit 503 last sell for?
AED 3,234,260 on 29 July 2024, sold by the developer: AED 1,980 per sqft for 1,633 sqft. It is the only registered sale of the unit.
What is the rent for unit 503?
AED 90,000 a year on the contract signed on 1 August 2020.
How big is unit 503?
1,633 sqft (151.7 sqm): a two-bedroom hotel apartment on the 5th floor of a 9-storey tower completed in 2017.
What is unit 503 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 503, Royal Bay
Starts from the last sale price (AED 3.23M, 29 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 3,234,260
- Deposit, UAE resident (20%)
- AED 646,852
- Deposit, non-resident (40%)
- AED 1,293,704
- Monthly over 25 years at 3.7%
- AED 13,232
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →