505, Royal Bay
Sold prices and rental history: sold once, by the developer in April 2024, 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 505, Royal Bay
What is 505 worth today?
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Source: Dubai Land Department. Updated 1 October 2024.
Key facts
- Type
- 1-bed hotel apartment
- Size
- 981 sqft
- Floor
- 5th of 9
- Parking
- B-43
- Developer
- Azizi Developments
- Completed
- 2017
- Service charge
- AED 20,500 /yr
- Last sold
- AED 1.57M · April 2024
- Building
- Royal Bay
About 505, Royal Bay
505 is a one-bedroom hotel apartment of 981 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 15 April 2024 for AED 1,570,800, or AED 1,600 per sqft, 6% below the AED 1,708 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 1 October 2024, is AED 115,000 a year: a gross yield of 7.3% on the 2024 price, before the service charge of about AED 20,500 a year.
Sales and rents for 505 over time
505 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 505 sits
All 58 1-beds →505 last sold in April 2024 at AED 1,600 per sqft, 6% below what one-beds in Royal Bay were fetching at the time (AED 1,708). 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. 505's AED 115,000 is in the lower half 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 120K /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 | |
| 503 | 2-bed | 1,633 sqft | AED 3.23MAED 3,234,260 · Jul 2024July 2024 | 90,000 /yr | |
| 504 | 1-bed | 791 sqft | AED 1.95MAED 1,952,375 · Jun 2017June 2017 | 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 |
505, Royal Bay in numbers
- Sold once: by Azizi Developments on 15 April 2024 for AED 1,570,800, or AED 1,600 per sqft.
- Rented since October 2018 on 4 Ejari contracts. The rent fell from AED 140,000 to AED 85,000 in 2021 and recovered to AED 115,000 by October 2024.
- At AED 115,000 a year the gross yield on the 2024 price is 7.3%, before a service charge of about AED 20,500 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 1 October 2024.
Questions about 505, Royal Bay
What did unit 505 last sell for?
AED 1,570,800 on 15 April 2024, sold by the developer: AED 1,600 per sqft for 981 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 115,000 a year on the contract signed on 1 October 2024. The previous contract, from May 2021, was AED 85,000; the unit has been rented since October 2018.
How big is unit 505?
981 sqft (91.1 sqm): a one-bedroom hotel apartment on the 5th floor of a 9-storey tower completed in 2017.
What is unit 505 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 505, Royal Bay
Starts from the last sale price (AED 1.57M, 15 April 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,570,800
- Deposit, UAE resident (20%)
- AED 314,160
- Deposit, non-resident (40%)
- AED 628,320
- Monthly over 25 years at 3.7%
- AED 6,427
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →