706, Royal Bay
Sold prices and rental history: sold once, by the developer in November 2016, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 706, Royal Bay
What is 706 worth today?
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Source: Dubai Land Department. Updated 16 October 2023.
Key facts
- Type
- 1-bed hotel apartment
- Size
- 851 sqft
- Floor
- 7th of 9
- Parking
- B-68
- Developer
- Azizi Developments
- Completed
- 2017
- Service charge
- AED 17,800 /yr
- Last sold
- AED 2.06M · November 2016
- Building
- Royal Bay
About 706, Royal Bay
706 is a one-bedroom hotel apartment of 851 sqft on the 7th floor of Royal Bay, a 9-storey tower in Palm Jumeirah completed in 2017 by Azizi Developments. The developer sold it on 21 November 2016 for AED 2,064,903, or AED 2,427 per sqft, 10% above the AED 2,212 one-beds in the building were fetching at the time.
It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 16 October 2023, is AED 115,000 a year: a gross yield of 5.6% on the 2016 price, before the service charge of about AED 17,800 a year.
Sales and rents for 706 over time
706 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 706 sits
All 58 1-beds →706 last sold in November 2016 at AED 2,427 per sqft, 10% above what one-beds in Royal Bay were fetching at the time (AED 2,212). 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. 706'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 118K /yr
- Typical yield
- 5.4%
Other units on the 7th floor
All 90 units in Royal Bay| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 874 sqft | AED 1.95MAED 1,950,000 · Nov 2024November 2024 | 130,000 /yr | |
| 702 | 1-bed | 943 sqft | AED 2.3MAED 2,300,000 · Aug 2024August 2024 | 142,500 /yr | |
| 703 | 2-bed | 1,633 sqft | AED 2.8MAED 2,800,000 · Jan 2026January 2026 | 170,000 /yr | |
| 704 | 1-bed | 791 sqft | AED 1.95MAED 1,950,000 · Jun 2025June 2025 | 120,000 /yr | |
| 705 | 1-bed | 981 sqft | AED 2.4MAED 2,396,840 · Apr 2017April 2017 | 107,100 /yr | |
| 707 | 1-bed | 1,125 sqft | AED 1.55MAED 1,550,000 · Nov 2022November 2022 | 131,250 /yr | |
| 708 | 2-bed | 1,481 sqft | AED 3.6MAED 3,600,000 · Nov 2016November 2016 | ||
| 709 | 2-bed | 1,494 sqft | AED 2.31MAED 2,310,000 · Dec 2023December 2023 | 170,000 /yr | |
| 710 | 1-bed | 1,111 sqft | AED 2.6MAED 2,598,801 · Dec 2017December 2017 | 76,000 /yr | |
| 711 | 2-bed | 1,442 sqft | AED 2.21MAED 2,210,000 · Jul 2024July 2024 |
706, Royal Bay in numbers
- Sold once: by Azizi Developments on 21 November 2016 for AED 2,064,903, or AED 2,427 per sqft.
- Rented since September 2020 on 3 Ejari contracts, from AED 65,000 to AED 115,000 a year.
- At AED 115,000 a year the gross yield on the 2016 price is 5.6%, before a service charge of about AED 17,800 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 16 October 2023.
Questions about 706, Royal Bay
What did unit 706 last sell for?
AED 2,064,903 on 21 November 2016, sold by the developer: AED 2,427 per sqft for 851 sqft. It is the only registered sale of the unit.
What is the rent for unit 706?
AED 115,000 a year on the contract signed on 16 October 2023. The previous contract, from July 2022, was AED 110,000; the unit has been rented since September 2020.
How big is unit 706?
851 sqft (79.1 sqm): a one-bedroom hotel apartment on the 7th floor of a 9-storey tower completed in 2017.
What is unit 706 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 706, Royal Bay
Starts from the last sale price (AED 2.06M, 21 November 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 2,064,903
- Deposit, UAE resident (20%)
- AED 412,981
- Deposit, non-resident (40%)
- AED 825,961
- Monthly over 25 years at 3.7%
- AED 8,448
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →