2-bed · 2,015 sqftAzure Residences, Palm Jumeirah · 4th floor · completed 2015

417, Azure Residences

Sold prices and rental history: sold once, by the developer in October 2019, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 417 · DLD and Ejari recordsUpdated 1 March 2024
Last soldAED 2.45M30 October 2019
Current rentAED 177K /yr1 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 417, Azure Residences

What is 417 worth today?

Last sold for AED 2,446,426 in 2019

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1 Mar 2024RentedRenewal
AED 177,000/yr12 months · AED 88 per sqft
1 Mar 2023RentedRenewal
AED 161,000/yr12 months · AED 80 per sqft
1 Mar 2022RentedRenewal
AED 135,000/yr12 months · AED 67 per sqft
1 Mar 2021RentedNew contract
AED 135,000/yr12 months · AED 67 per sqft
10 Apr 2020RentedNew contract
AED 130,000/yr12 months · AED 65 per sqft
30 Oct 2019Sold by developerReady
AED 2,446,426AED 1,213 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 March 2024.

Key facts

Type
2-bed apartment
Size
2,015 sqft
Floor
4th of 10
Parking
nan
Developer
The Palm - Jumeirah Co
Completed
2015
Service charge
AED 28,300 /yr
Last sold
AED 2.45M · October 2019

About 417, Azure Residences

417 is a two-bedroom apartment of 2,015 sqft on the 4th floor of Azure Residences, a 10-storey tower in Palm Jumeirah completed in 2015 by The Palm - Jumeirah Co. The developer sold it on 30 October 2019 for AED 2,446,426, or AED 1,213 per sqft.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 1 March 2024, is AED 177,000 a year: a gross yield of 7.2% on the 2019 price, before the service charge of about AED 28,300 a year.

Sales and rents for 417 over time

Sales
Unit 417, each saleTypical two-bed in Azure Residences
2M4M2013201720212025Typical sale price by year: 2013 AED 4,555,600; 2015 AED 4,532,600; 2016 AED 4,555,600; 2017 AED 4,543,000; 2020 AED 2,399,027; 2025 AED 4,850,000Sold by developer, October 2019: AED 2,446,426 (AED 1,213 per sqft)

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

Rents
Unit 417, each contractTypical two-bed in Azure Residences
100K200K2017202020232026Typical rent by year: 2017 AED 180,000; 2018 AED 61,000; 2019 AED 160,000; 2020 AED 132,500; 2021 AED 133,750; 2022 AED 82,066; 2023 AED 48,500; 2024 AED 56,500; 2025 AED 60,000New contract, April 2020: AED 130,000 a yearNew contract, March 2021: AED 135,000 a yearRenewal, March 2022: AED 135,000 a yearRenewal, March 2023: AED 161,000 a yearRenewal, March 2024: AED 177,000 a year

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

2-beds in Azure Residences, and where 417 sits

All 29 2-beds →

Over the last 12 months two-beds sold for AED 5,850,000, around AED 2,899 per sqft, and rent for AED 49,875 to 230,000 a year. 417's AED 177,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
13 Jan 20265,850,000
30 Jun 20255,850,000
30 Apr 20254,950,000
30 Apr 20254,750,000
1 2-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 4th floor

All 170 units in Azure Residences
Value
4012-bedAED 3.6M · Apr 2020
4021-bedAED 2.37M · Aug 2015
4031-bedAED 2.15M · Jan 2018
4041-bedAED 2.37M · Jul 2015
4051-bedAED 2.61M · Aug 2015
4061-bedAED 1.9M · Jul 2021
4071-bedAED 2.37M · Mar 2017
1–7 of 16

417, Azure Residences in numbers

  • Sold once: by The Palm - Jumeirah Co on 30 October 2019 for AED 2,446,426, or AED 1,213 per sqft.
  • Rented since April 2020 on 5 Ejari contracts, from AED 130,000 to AED 177,000 a year.
  • At AED 177,000 a year the gross yield on the 2019 price is 7.2%, before a service charge of about AED 28,300 a year (AED 14.05 per sqft).
  • Two-beds in Azure Residences sold for AED 5,850,000–5,850,000 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 1 March 2024.

Questions about 417, Azure Residences

What did unit 417 last sell for?

AED 2,446,426 on 30 October 2019, sold by the developer: AED 1,213 per sqft for 2,015 sqft. It is the only registered sale of the unit.

What is the rent for unit 417?

AED 177,000 a year on the contract renewed on 1 March 2024. The previous contract, from March 2023, was AED 161,000; the unit has been rented since April 2020.

How big is unit 417?

2,015 sqft (187.2 sqm): a two-bedroom apartment on the 4th floor of a 10-storey tower completed in 2015.

What is unit 417 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Azure Residences sold for AED 5,850,000 to 5,850,000 in the last 12 months, around AED 2,899 per sqft.

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Mortgage on 417, Azure Residences

Starts from the last sale price (AED 2.45M, 30 October 2019). Switch to today's estimate once you have unlocked it.
Price
AED 2,446,426
Deposit, UAE resident (20%)
AED 489,285
Deposit, non-resident (40%)
AED 978,570
Monthly over 25 years at 3.7%
AED 10,009

Plus AED 107,760 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →