1-bed · 1,142 sqftAzure Residences, Palm Jumeirah · 9th floor · completed 2015

916, Azure Residences

Sold prices and rental history: sold once, by the developer in February 2018, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 916 · DLD and Ejari recordsUpdated 1 April 2023
Last soldAED 2.75M8 February 2018
Current rentAED 130K /yr1 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 916, Azure Residences

What is 916 worth today?

Last sold for AED 2,745,500 in 2018

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1 Apr 2023RentedRenewal
AED 130,000/yr12 months · AED 114 per sqft
1 Apr 2020RentedNew contract
AED 135,000/yr12 months · AED 118 per sqft
8 Feb 2018Sold by developerReady
AED 2,745,500AED 2,403 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 April 2023.

Key facts

Type
1-bed apartment
Size
1,142 sqft
Floor
9th of 10
Parking
nan
Developer
The Palm - Jumeirah Co
Completed
2015
Service charge
AED 16,000 /yr
Last sold
AED 2.75M · February 2018

About 916, Azure Residences

916 is a one-bedroom apartment of 1,142 sqft on the 9th floor of Azure Residences, a 10-storey tower in Palm Jumeirah completed in 2015 by The Palm - Jumeirah Co. The developer sold it on 8 February 2018 for AED 2,745,500, or AED 2,403 per sqft, 8% above the AED 2,234 one-beds in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, renewed on 1 April 2023, is AED 130,000 a year: a gross yield of 4.7% on the 2018 price, before the service charge of about AED 16,000 a year.

Sales and rents for 916 over time

Sales
Unit 916, 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, February 2018: AED 2,745,500 (AED 2,403 per sqft)

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

Rents
Unit 916, each contractTypical one-bed in Azure Residences
100K125K2016201920222025Typical 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, April 2020: AED 135,000 a yearRenewal, April 2023: AED 130,000 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 916 sits

All 139 1-beds →

916 last sold in February 2018 at AED 2,403 per sqft, 8% above what one-beds in Azure Residences were fetching at the time (AED 2,234). 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. 916's AED 130,000 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 9th floor

All 170 units in Azure Residences
Value
9012-bedAED 4.6M · Apr 2016
9021-bedAED 2.5M · Nov 2014
9031-bedAED 2.66M · May 2024
9041-bedAED 2.8M · Jul 2024
9051-bedAED 2.5M · Nov 2014
9061-bedAED 2.35M · Jan 2023
9071-bedAED 2.5M · Jun 2015
1–7 of 16

916, Azure Residences in numbers

  • Sold once: by The Palm - Jumeirah Co on 8 February 2018 for AED 2,745,500, or AED 2,403 per sqft.
  • Rented since April 2020 on 2 Ejari contracts, from AED 135,000 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2018 price is 4.7%, before a service charge of about AED 16,000 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 1 April 2023.

Questions about 916, Azure Residences

What did unit 916 last sell for?

AED 2,745,500 on 8 February 2018, sold by the developer: AED 2,403 per sqft for 1,142 sqft. It is the only registered sale of the unit.

What is the rent for unit 916?

AED 130,000 a year on the contract renewed on 1 April 2023. The previous contract, from April 2020, was AED 135,000.

How big is unit 916?

1,142 sqft (106.1 sqm): a one-bedroom apartment on the 9th floor of a 10-storey tower completed in 2015.

What is unit 916 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 916, Azure Residences

Starts from the last sale price (AED 2.75M, 8 February 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,745,500
Deposit, UAE resident (20%)
AED 549,100
Deposit, non-resident (40%)
AED 1,098,200
Monthly over 25 years at 3.7%
AED 11,233

Plus AED 120,321 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →