2-bed · 1,604 sqftAzizi Mina, Palm Jumeirah · 5th floor · completed 2021

516, Azizi Mina

Sold prices and rental history: sold 3 times, last in October 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 516 · DLD and Ejari recordsUpdated 3 October 2024
Last soldAED 4.7M3 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 516, Azizi Mina

What is 516 worth today?

Last sold for AED 4,700,000 in 2024

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3 Oct 2024SoldReady
AED 4,700,000AED 2,929 per sqft
15 Mar 2023SoldReady
AED 3,075,000AED 1,916 per sqft
7 Jun 2017Sold by developerOff-plan
AED 3,621,249AED 2,257 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 3 October 2024.

Key facts

Type
2-bed hotel apartment
Size
1,604 sqft
Floor
5th of 9
Parking
B-163
Developer
Azizi Developments
Completed
2021
Last sold
AED 4.7M · October 2024
Building
Azizi Mina

About 516, Azizi Mina

516 is a two-bedroom hotel apartment of 1,604 sqft on the 5th floor of Azizi Mina, a 9-storey tower in Palm Jumeirah completed in 2021 by Azizi Developments. It last sold on 3 October 2024 for AED 4,700,000, or AED 2,929 per sqft, 10% above the AED 2,656 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 516 over time

Sales
Unit 516, each saleTypical two-bed in Azizi Mina
2M4M2017202020232026Typical sale price by year: 2017 AED 3,623,125; 2020 AED 875,800; 2021 AED 3,543,400; 2022 AED 3,460,060; 2023 AED 3,281,010; 2024 AED 4,100,000; 2025 AED 3,381,000Sold by developer, June 2017: AED 3,621,249 (AED 2,257 per sqft)Sold, March 2023: AED 3,075,000 (AED 1,916 per sqft)Sold, October 2024: AED 4,700,000 (AED 2,929 per sqft)

516 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 516, each contractTypical two-bed in Azizi Mina
160K180K200K2021202320252027Typical rent by year: 2021 AED 160,000; 2022 AED 180,000; 2023 AED 188,000; 2024 AED 199,750; 2025 AED 200,000; 2026 AED 195,000

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Azizi Mina, and where 516 sits

All 49 2-beds →

516 last sold in October 2024 at AED 2,929 per sqft, 10% above what two-beds in Azizi Mina were fetching at the time (AED 2,656). Over the last 12 months two-beds sold for AED 3,500,000, around AED 2,080 per sqft, and rent for AED 180,000 to 250,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
9 May 20254,300,000
20 Apr 20253,100,000
8 Jan 20253,381,000
15 Oct 20243,500,000
1 2-bed sale in the last 12 months

Azizi Mina

Building

175 apartments, 1-bed to 3-bed over 9 floors in Palm Jumeirah, completed in 2021 by Azizi Developments. 7 sold in the last 12 months.

Typical price per sqft
AED 2,179
Typical sale
AED 2.16M
Typical rent
AED 165K /yr
Typical yield
6.0%
Azizi Mina, Palm Jumeirah: prices, sales and rents →

Other units on the 5th floor

All 175 units in Azizi Mina
Value
5011-bedAED 2.5M · Sep 2017
5021-bedAED 2.55M · Dec 2024
5031-bedAED 2.58M · Aug 2022
5042-bedAED 3.8M · Feb 2023
5052-bedAED 3.63M · Oct 2017
5061-bedAED 2.21M · Aug 2022
5071-bedAED 2.56M · May 2023
1–7 of 22

516, Azizi Mina in numbers

  • Sold 3 times: first on 7 June 2017 for AED 3,621,249, last on 3 October 2024 for AED 4,700,000 (AED 2,929 per sqft).
  • Two-beds in Azizi Mina sold for AED 3,500,000–3,500,000 in the 12 months to November 2026; the building's median across all types is AED 2,179 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 3 October 2024.

Questions about 516, Azizi Mina

What did unit 516 last sell for?

AED 4,700,000 on 3 October 2024: AED 2,929 per sqft for 1,604 sqft. The unit has 3 registered sales; the first was AED 3,621,249 in June 2017.

How big is unit 516?

1,604 sqft (149.0 sqm): a two-bedroom hotel apartment on the 5th floor of a 9-storey tower completed in 2021.

What is unit 516 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Azizi Mina sold for AED 3,500,000 to 3,500,000 in the last 12 months, around AED 2,080 per sqft.

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Mortgage on 516, Azizi Mina

Starts from the last sale price (AED 4.7M, 3 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 4,700,000
Deposit, UAE resident (20%)
AED 940,000
Deposit, non-resident (40%)
AED 1,880,000
Monthly over 25 years at 3.7%
AED 19,229

Plus AED 202,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →