507, Royal Bay
Sold prices and rental history: no registered sale, 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 507, Royal Bay
What is 507 worth today?
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Source: Dubai Land Department. Updated 21 May 2023.
Key facts
- Type
- 1-bed hotel apartment
- Size
- 1,125 sqft
- Floor
- 5th of 9
- Parking
- B-45
- Developer
- Azizi Developments
- Completed
- 2017
- Service charge
- AED 23,600 /yr
- Last sold
- No registered sale
- Building
- Royal Bay
About 507, Royal Bay
507 is a one-bedroom hotel apartment of 1,125 sqft on the 5th floor of Royal Bay, a 9-storey tower in Palm Jumeirah completed in 2017 by Azizi Developments. No sale of the unit is registered with the Dubai Land Department.
It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 21 May 2023, is AED 105,000 a year, before the service charge of about AED 23,600 a year.
Sales and rents for 507 over time
No registered sale of 507; 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 507 sits
All 58 1-beds →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. 507's AED 105,000 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 | |
| 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 | |
| 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 |
507, Royal Bay in numbers
- No sale of the unit is registered with the Dubai Land Department.
- Rented since March 2018 on 4 Ejari contracts, from AED 120,000 to AED 105,000 a year.
- 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 21 May 2023.
Questions about 507, Royal Bay
What is the rent for unit 507?
AED 105,000 a year on the contract signed on 21 May 2023. The previous contract, from June 2020, was AED 110,000; the unit has been rented since March 2018.
How big is unit 507?
1,125 sqft (104.5 sqm): a one-bedroom hotel apartment on the 5th floor of a 9-storey tower completed in 2017.
What is unit 507 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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