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1-bed · 1,143 sqftAzure Residences, Palm Jumeirah · 2nd floor · completed 2015

215, Azure Residences

Sold prices and rental history: sold once, by the developer in March 2017, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 215 · DLD and Ejari recordsUpdated 15 July 2024
Last soldAED 2.55M19 March 2017
Current rentAED 150K /yr15 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 215, Azure Residences

What is 215 worth today?

Last sold for AED 2,553,400 in 2017

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15 Jul 2024RentedNew contract
AED 150,000/yr13 months · AED 131 per sqft
6 Feb 2024RentedRenewal
AED 145,001/yr5 months · AED 127 per sqft
6 Feb 2023RentedNew contract
AED 145,000/yr12 months · AED 127 per sqft
1 Feb 2022RentedNew contract
AED 125,000/yr12 months · AED 110 per sqft
21 Apr 2021RentedRenewal
AED 100,000/yr6 months · AED 88 per sqft
21 Apr 2020RentedRenewal
AED 100,000/yr12 months · AED 88 per sqft
21 Apr 2019RentedNew contract
AED 105,000/yr12 months · AED 92 per sqft
18 Mar 2018RentedRenewal
AED 115,000/yr12 months · AED 101 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 July 2024.

Key facts

Type
1-bed apartment
Size
1,143 sqft
Floor
2nd of 10
Parking
nan
Developer
The Palm - Jumeirah Co
Completed
2015
Service charge
AED 16,100 /yr
Last sold
AED 2.55M · March 2017
Building
Azure Residences

About 215, Azure Residences

215 is a one-bedroom apartment of 1,143 sqft on the 2nd floor of Azure Residences, a 10-storey tower in Palm Jumeirah completed in 2015 by The Palm - Jumeirah Co. The developer sold it on 19 March 2017 for AED 2,553,400, or AED 2,234 per sqft, in line with the AED 2,258 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 9 Ejari contracts. The current contract, signed on 15 July 2024, is AED 150,000 a year: a gross yield of 5.9% on the 2017 price, before the service charge of about AED 16,100 a year.

Sales and rents for 215 over time

Sales
Unit 215, each saleTypical one-bed in Azure Residences
2M3M2013201720212025Typical sale price by year: 2013 AED 2,599,500; 2014 AED 2,663,300; 2015 AED 2,471,000; 2016 AED 2,500,000; 2017 AED 2,553,400; 2018 AED 2,556,768; 2019 AED 1,494,955; 2020 AED 1,482,072; 2021 AED 1,830,000; 2022 AED 2,125,000; 2023 AED 2,350,000; 2024 AED 2,622,500; 2025 AED 2,776,000Sold by developer, March 2017: AED 2,553,400 (AED 2,234 per sqft)

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

Rents
Unit 215, each contractTypical one-bed in Azure Residences
100K150K2016201920222025Typical rent by year: 2016 AED 140,000; 2017 AED 130,000; 2018 AED 116,500; 2019 AED 95,000; 2020 AED 93,250; 2021 AED 91,873; 2022 AED 96,800; 2023 AED 88,000; 2024 AED 114,573; 2025 AED 92,000; 2026 AED 130,000New contract, March 2017: AED 115,000 a yearRenewal, March 2018: AED 115,000 a yearNew contract, April 2019: AED 105,000 a yearRenewal, April 2020: AED 100,000 a yearRenewal, April 2021: AED 100,000 a yearNew contract, February 2022: AED 125,000 a yearNew contract, February 2023: AED 145,000 a yearRenewal, February 2024: AED 145,001 a yearNew contract, July 2024: AED 150,000 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 Azure Residences, and where 215 sits

All 139 1-beds →

215 last sold in March 2017 at AED 2,234 per sqft, in line with what one-beds in Azure Residences were fetching at the time (AED 2,258). Over the last 12 months one-beds sold for AED 3,300,000, around AED 2,887 per sqft, and rent for AED 48,300 to 200,000 a year. 215's AED 150,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
17 Dec 20253,300,000
29 Jul 20253,000,000
16 Jul 20253,000,000
11 Jun 20252,575,000
1 1-bed sale in the last 12 months

Azure Residences

Building

170 apartments, 1-bed to 2-bed over 10 floors in Palm Jumeirah, completed in 2015 by The Palm - Jumeirah Co. 2 sold in the last 12 months.

Typical price per sqft
AED 2,893
Typical sale
AED 4.58M
Typical rent
AED 103K /yr
Typical yield
2.3%
Azure Residences, Palm Jumeirah: prices, sales and rents →

Other units on the 2nd floor

All 170 units in Azure Residences
Value
2012-bedAED 3M · Sep 2022
2021-bedAED 1.7M · Apr 2021
2031-bedAED 2.55M · Nov 2017
2041-bedAED 2.32M · May 2015
2051-bedAED 2.55M · Feb 2018
2061-bedAED 2.32M · Oct 2013
2071-bedAED 2.32M · Oct 2013
1–7 of 16

215, Azure Residences in numbers

  • Sold once: by The Palm - Jumeirah Co on 19 March 2017 for AED 2,553,400, or AED 2,234 per sqft.
  • Rented since March 2017 on 9 Ejari contracts. The rent fell from AED 115,000 to AED 100,000 in 2021 and recovered to AED 150,000 by July 2024.
  • At AED 150,000 a year the gross yield on the 2017 price is 5.9%, before a service charge of about AED 16,100 a year (AED 14.05 per sqft).
  • One-beds in Azure Residences sold for AED 3,300,000–3,300,000 in the 12 months to November 2026; the building's median across all types is AED 2,893 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 15 July 2024.

Questions about 215, Azure Residences

What did unit 215 last sell for?

AED 2,553,400 on 19 March 2017, sold by the developer: AED 2,234 per sqft for 1,143 sqft. It is the only registered sale of the unit.

What is the rent for unit 215?

AED 150,000 a year on the contract signed on 15 July 2024. The previous contract, from February 2024, was AED 145,001; the unit has been rented since March 2017.

How big is unit 215?

1,143 sqft (106.2 sqm): a one-bedroom apartment on the 2nd floor of a 10-storey tower completed in 2015.

What is unit 215 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Azure Residences sold for AED 3,300,000 to 3,300,000 in the last 12 months, around AED 2,887 per sqft.

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Mortgage on 215, Azure Residences

Starts from the last sale price (AED 2.55M, 19 March 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,553,400
Deposit, UAE resident (20%)
AED 510,680
Deposit, non-resident (40%)
AED 1,021,360
Monthly over 25 years at 3.7%
AED 10,447

Plus AED 112,253 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →