901, Royal Bay
Sold prices and rental history: sold once, by the developer in August 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 901, Royal Bay
What is 901 worth today?
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Source: Dubai Land Department. Updated 8 August 2024.
Key facts
- Type
- 3-bed hotel apartment
- Size
- 6,651 sqft
- Floor
- 9th of 9
- Parking
- B-75 TO B-77
- Developer
- Azizi Developments
- Completed
- 2017
- Service charge
- AED 139,300 /yr
- Last sold
- AED 7.25M · August 2024
- Building
- Royal Bay
About 901, Royal Bay
901 is a three-bedroom hotel apartment of 6,651 sqft on the 9th floor of Royal Bay, a 9-storey tower in Palm Jumeirah completed in 2017 by Azizi Developments. The developer sold it on 8 August 2024 for AED 7,250,000, or AED 1,090 per sqft.
It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 5 January 2023, is AED 200,000 a year: a gross yield of 2.8% on the 2024 price, before the service charge of about AED 139,300 a year.
3-beds in Royal Bay, and where 901 sits
All 1 3-beds →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 9th floor
All 90 units in Royal Bay| ValueToday's value | |||||
|---|---|---|---|---|---|
| 902 | 4-bed | 7,039 sqft | AED 12MAED 12,000,000 · Oct 2017October 2017 | 200,000 /yr |
901, Royal Bay in numbers
- Sold once: by Azizi Developments on 8 August 2024 for AED 7,250,000, or AED 1,090 per sqft.
- Rented since April 2021 on 2 Ejari contracts, from AED 180,000 to AED 200,000 a year.
- At AED 200,000 a year the gross yield on the 2024 price is 2.8%, before a service charge of about AED 139,300 a year (AED 20.94 per sqft).
Source: Dubai Land Department. Updated 8 August 2024.
Questions about 901, Royal Bay
What did unit 901 last sell for?
AED 7,250,000 on 8 August 2024, sold by the developer: AED 1,090 per sqft for 6,651 sqft. It is the only registered sale of the unit.
What is the rent for unit 901?
AED 200,000 a year on the contract signed on 5 January 2023. The previous contract, from April 2021, was AED 180,000.
How big is unit 901?
6,651 sqft (617.9 sqm): a three-bedroom hotel apartment on the 9th floor of a 9-storey tower completed in 2017.
What is unit 901 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 901, Royal Bay
Starts from the last sale price (AED 7.25M, 8 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 7,250,000
- Deposit, UAE resident (20%)
- AED 1,450,000
- Deposit, non-resident (40%)
- AED 2,900,000
- Monthly over 25 years at 3.7%
- AED 29,662
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →