508, Royal Bay
Sold prices and rental history: sold once, by the developer in February 2017, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Royal Bay
What is 508 worth today?
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Source: Dubai Land Department. Updated 8 January 2026.
Key facts
- Type
- 2-bed hotel apartment
- Size
- 1,481 sqft
- Floor
- 5th of 9
- Parking
- B-46
- Developer
- Azizi Developments
- Completed
- 2017
- Service charge
- AED 31,000 /yr
- Last sold
- AED 3.6M · February 2017
- Building
- Royal Bay
About 508, Royal Bay
508 is a two-bedroom hotel apartment of 1,481 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 28 February 2017 for AED 3,595,318, or AED 2,427 per sqft, 4% above the AED 2,327 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, signed on 8 January 2026, is AED 190,000 a year: a gross yield of 5.3% on the 2017 price, before the service charge of about AED 31,000 a year.
Sales and rents for 508 over time
508 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 508 sits
All 30 2-beds →508 last sold in February 2017 at AED 2,427 per sqft, 4% above what two-beds in Royal Bay were fetching at the time (AED 2,327). 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. 508's AED 190,000 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 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 | |
| 507 | 1-bed | 1,125 sqft | No registered sale | 105,000 /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 |
508, Royal Bay in numbers
- Sold once: by Azizi Developments on 28 February 2017 for AED 3,595,318, or AED 2,427 per sqft.
- Rented since February 2019 on 7 Ejari contracts. The rent fell from AED 145,000 to AED 125,000 in 2021 and recovered to AED 190,000 by January 2026.
- At AED 190,000 a year the gross yield on the 2017 price is 5.3%, before a service charge of about AED 31,000 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 8 January 2026.
Questions about 508, Royal Bay
What did unit 508 last sell for?
AED 3,595,318 on 28 February 2017, sold by the developer: AED 2,427 per sqft for 1,481 sqft. It is the only registered sale of the unit.
What is the rent for unit 508?
AED 190,000 a year on the contract signed on 8 January 2026. The previous contract, from October 2024, was AED 200,000; the unit has been rented since February 2019.
How big is unit 508?
1,481 sqft (137.6 sqm): a two-bedroom hotel apartment on the 5th floor of a 9-storey tower completed in 2017.
What is unit 508 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 508, Royal Bay
Starts from the last sale price (AED 3.6M, 28 February 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 3,595,318
- Deposit, UAE resident (20%)
- AED 719,064
- Deposit, non-resident (40%)
- AED 1,438,127
- Monthly over 25 years at 3.7%
- AED 14,710
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →