1-bed · 1,101 sqftRoyal Bay, Palm Jumeirah · 6th floor · completed 2017

610, Royal Bay

Sold prices and rental history: sold once, by the developer in August 2016, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 610 · DLD and Ejari recordsUpdated 27 September 2020
Last soldAED 2.44M28 August 2016
Current rentAED 70K /yr27 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 610, Royal Bay

What is 610 worth today?

Last sold for AED 2,435,000 in 2016

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27 Sep 2020RentedNew contract
AED 70,000/yr12 months · AED 64 per sqft
5 Dec 2019RentedNew contract
AED 80,000/yr12 months · AED 73 per sqft
22 Nov 2018RentedNew contract
AED 95,000/yr12 months · AED 87 per sqft
28 Aug 2016Sold by developerOff-plan
AED 2,435,000AED 2,212 per sqft

Source: Dubai Land Department. Updated 27 September 2020.

Key facts

Type
1-bed hotel apartment
Size
1,101 sqft
Floor
6th of 9
Parking
B-60
Developer
Azizi Developments
Completed
2017
Service charge
AED 23,000 /yr
Last sold
AED 2.44M · August 2016
Building
Royal Bay

About 610, Royal Bay

610 is a one-bedroom hotel apartment of 1,101 sqft on the 6th floor of Royal Bay, a 9-storey tower in Palm Jumeirah completed in 2017 by Azizi Developments. The developer sold it on 28 August 2016 for AED 2,435,000, or AED 2,212 per sqft, in line with the AED 2,172 one-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 27 September 2020, is AED 70,000 a year: a gross yield of 2.9% on the 2016 price, before the service charge of about AED 23,000 a year.

Sales and rents for 610 over time

Sales
Unit 610, each saleTypical one-bed in Royal Bay
1.5M2M2.5M2016201920222025Typical sale price by year: 2016 AED 2,151,621; 2017 AED 2,185,238; 2021 AED 1,398,547; 2022 AED 1,581,400; 2023 AED 1,950,000; 2024 AED 1,827,450; 2025 AED 1,950,000; 2026 AED 2,115,280Sold by developer, August 2016: AED 2,435,000 (AED 2,212 per sqft)

610 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 610, each contractTypical one-bed in Royal Bay
75K100K125K2018202120242027Typical rent by year: 2018 AED 111,250; 2019 AED 97,500; 2020 AED 70,000; 2021 AED 80,000; 2022 AED 100,000; 2023 AED 110,250; 2024 AED 118,500; 2025 AED 120,000; 2026 AED 115,000New contract, November 2018: AED 95,000 a yearNew contract, December 2019: AED 80,000 a yearNew contract, September 2020: AED 70,000 a year

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 610 sits

All 58 1-beds →

610 last sold in August 2016 at AED 2,212 per sqft, in line with what one-beds in Royal Bay were fetching at the time (AED 2,172). 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. 610's AED 70,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
6 Aug 20262,230,560
14 Jul 20261,962,585
4 May 20262,000,000
24 Feb 20263,278,991
4 1-bed sales in the last 12 months

Royal Bay

Building

90 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%
Royal Bay, Palm Jumeirah: prices, sales and rents →

Other units on the 6th floor

All 90 units in Royal Bay
Value
6011-bedAED 2M · Dec 2023
6021-bedAED 2.45M · Jul 2017
6032-bedAED 2.8M · Mar 2026
6041-bedAED 1.35M · May 2021
6051-bedAED 1.67M · Aug 2024
6061-bedAED 1.6M · Apr 2024
6071-bedAED 1.47M · Feb 2023
1–7 of 10

610, Royal Bay in numbers

  • Sold once: by Azizi Developments on 28 August 2016 for AED 2,435,000, or AED 2,212 per sqft.
  • Rented since November 2018 on 3 Ejari contracts, from AED 95,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2016 price is 2.9%, before a service charge of about AED 23,000 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 27 September 2020.

Questions about 610, Royal Bay

What did unit 610 last sell for?

AED 2,435,000 on 28 August 2016, sold by the developer: AED 2,212 per sqft for 1,101 sqft. It is the only registered sale of the unit.

What is the rent for unit 610?

AED 70,000 a year on the contract signed on 27 September 2020. The previous contract, from December 2019, was AED 80,000; the unit has been rented since November 2018.

How big is unit 610?

1,101 sqft (102.3 sqm): a one-bedroom hotel apartment on the 6th floor of a 9-storey tower completed in 2017.

What is unit 610 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 610, Royal Bay

Starts from the last sale price (AED 2.44M, 28 August 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,435,000
Deposit, UAE resident (20%)
AED 487,000
Deposit, non-resident (40%)
AED 974,000
Monthly over 25 years at 3.7%
AED 9,962

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →