502, Royal Bay
Sold prices and rental history: sold once, by the developer in February 2017, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, Royal Bay
What is 502 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 4 September 2024.
Key facts
- Type
- 1-bed hotel apartment
- Size
- 943 sqft
- Floor
- 5th of 9
- Parking
- B-40
- Developer
- Azizi Developments
- Completed
- 2017
- Service charge
- AED 19,700 /yr
- Last sold
- AED 2.19M · February 2017
- Building
- Royal Bay
About 502, Royal Bay
502 is a one-bedroom hotel apartment of 943 sqft on the 5th floor of Royal Bay, a 9-storey tower in Palm Jumeirah completed in 2017 by Azizi Developments. The developer sold it on 2 February 2017 for AED 2,185,238, or AED 2,317 per sqft, in line with the AED 2,317 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 4 September 2024, is AED 130,000 a year: a gross yield of 5.9% on the 2017 price, before the service charge of about AED 19,700 a year.
Sales and rents for 502 over time
502 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Royal Bay, and where 502 sits
All 56 1-beds →502 last sold in February 2017 at AED 2,317 per sqft, in line with what one-beds in Royal Bay were fetching at the time (AED 2,317). 502's AED 130,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 30 Jun 202530 June 2025 | 850 sqft | 1,750,000 | 2,058 | ||
| 12 Jun 202512 June 2025 | 791 sqft | 1,950,000 | 2,466 | ||
| 9 Jun 20259 June 2025 | 791 sqft | 1,700,000 | 2,150 | ||
| 22 May 202522 May 2025 | 821 sqft | 1,650,000 | 2,008 |
Royal Bay
Building90 apartments, 1-bed to 4-bed over 9 floors in Palm Jumeirah, completed in 2017 by Azizi Developments. 3 sold in the last 12 months.
- Typical price per sqft
- AED 2,406
- Typical sale
- AED 3.55M
- Typical rent
- AED 135K /yr
- Typical yield
- 5.5%
Other units on the 5th floor
All 90 units in Royal Bay| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 874 sqft | AED 2.05MAED 2,046,832 · Mar 2017March 2017 | 120,000 /yr | |
| 503 | 2-bed | 1,633 sqft | AED 3.23MAED 3,234,260 · Jul 2024July 2024 | 90,000 /yr | |
| 504 | 1-bed | 791 sqft | AED 1.95MAED 1,952,375 · Jun 2017June 2017 | 115,000 /yr | |
| 505 | 1-bed | 981 sqft | AED 1.57MAED 1,570,800 · Apr 2024April 2024 | 115,000 /yr | |
| 506 | 1-bed | 851 sqft | AED 1.55MAED 1,550,000 · Oct 2022October 2022 | 90,000 /yr | |
| 507 | 1-bed | 1,125 sqft | No registered sale | 105,000 /yr | |
| 508 | 2-bed | 1,481 sqft | AED 3.6MAED 3,595,318 · Feb 2017February 2017 | 190,000 /yr | |
| 509 | 2-bed | 1,494 sqft | AED 3.6MAED 3,596,870 · Aug 2016August 2016 | ||
| 510 | 1-bed | 1,111 sqft | AED 2.6MAED 2,598,801 · Dec 2017December 2017 | 84,000 /yr | |
| 511 | 2-bed | 1,442 sqft | AED 3.62MAED 3,621,540 · Nov 2017November 2017 | 180,000 /yr |
502, Royal Bay in numbers
- Sold once: by Azizi Developments on 2 February 2017 for AED 2,185,238, or AED 2,317 per sqft.
- Rented since December 2018 on 6 Ejari contracts. The rent fell from AED 130,000 to AED 85,000 in 2021 and recovered to AED 130,000 by September 2024.
- At AED 130,000 a year the gross yield on the 2017 price is 5.9%, before a service charge of about AED 19,700 a year (AED 20.94 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 4 September 2024.
Questions about 502, Royal Bay
What did unit 502 last sell for?
AED 2,185,238 on 2 February 2017, sold by the developer: AED 2,317 per sqft for 943 sqft. It is the only registered sale of the unit.
What is the rent for unit 502?
AED 130,000 a year on the contract signed on 4 September 2024. The previous contract, from October 2023, was AED 150,000; the unit has been rented since December 2018.
How big is unit 502?
943 sqft (87.6 sqm): a one-bedroom hotel apartment on the 5th floor of a 9-storey tower completed in 2017.
What is unit 502 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 502, Royal Bay
Starts from the last sale price (AED 2.19M, 2 February 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 2,185,238
- Deposit, UAE resident (20%)
- AED 437,048
- Deposit, non-resident (40%)
- AED 874,095
- Monthly over 25 years at 3.7%
- AED 8,940
Plus AED 96,790 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →