601, Royal Bay
Sold prices and rental history: sold twice, last in December 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 601, Royal Bay
What is 601 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 3 December 2024.
Key facts
- Type
- 1-bed hotel apartment
- Size
- 862 sqft
- Floor
- 6th of 9
- Parking
- B-51
- Developer
- Azizi Developments
- Completed
- 2017
- Service charge
- AED 18,000 /yr
- Last sold
- AED 2M · December 2023
- Building
- Royal Bay
About 601, Royal Bay
601 is a one-bedroom hotel apartment of 862 sqft on the 6th floor of Royal Bay, a 9-storey tower in Palm Jumeirah completed in 2017 by Azizi Developments. It last sold on 11 December 2023 for AED 2,000,000, or AED 2,320 per sqft, 23% above the AED 1,892 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 3 December 2024, is AED 130,000 a year: a gross yield of 6.5% on the 2023 price, before the service charge of about AED 18,000 a year.
Sales and rents for 601 over time
601 has sold twice; 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 601 sits
All 56 1-beds →601 last sold in December 2023 at AED 2,320 per sqft, 23% above what one-beds in Royal Bay were fetching at the time (AED 1,892). 601'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 6th floor
All 90 units in Royal Bay| ValueToday's value | |||||
|---|---|---|---|---|---|
| 602 | 1-bed | 1,070 sqft | AED 2.45MAED 2,454,001 · Jul 2017July 2017 | 120,000 /yr | |
| 603 | 2-bed | 1,516 sqft | AED 2.2MAED 2,200,000 · Jun 2020June 2020 | 157,500 /yr | |
| 604 | 1-bed | 821 sqft | AED 1.35MAED 1,350,754 · May 2021May 2021 | 120,000 /yr | |
| 605 | 1-bed | 1,143 sqft | AED 1.67MAED 1,666,850 · Aug 2024August 2024 | 130,000 /yr | |
| 606 | 1-bed | 899 sqft | AED 1.6MAED 1,603,320 · Apr 2024April 2024 | 132,000 /yr | |
| 607 | 1-bed | 943 sqft | AED 1.47MAED 1,471,900 · Feb 2023February 2023 | 130,000 /yr | |
| 608 | 2-bed | 1,475 sqft | AED 4.08MAED 4,076,156 · Jun 2017June 2017 | 109,250 /yr | |
| 609 | 2-bed | 1,424 sqft | AED 2.98MAED 2,975,000 · Aug 2023August 2023 | 215,000 /yr | |
| 610 | 1-bed | 1,101 sqft | AED 2.44MAED 2,435,000 · Aug 2016August 2016 | 70,000 /yr | |
| 611 | 2-bed | 1,404 sqft | AED 3MAED 3,000,000 · Jul 2024July 2024 |
601, Royal Bay in numbers
- Sold twice: first on 15 May 2017 for AED 1,950,000, last on 11 December 2023 for AED 2,000,000 (AED 2,320 per sqft).
- Rented since June 2019 on 5 Ejari contracts. The rent fell from AED 95,000 to AED 75,000 in 2021 and recovered to AED 130,000 by December 2024.
- At AED 130,000 a year the gross yield on the 2023 price is 6.5%, before a service charge of about AED 18,000 a year (AED 20.94 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 3 December 2024.
Questions about 601, Royal Bay
What did unit 601 last sell for?
AED 2,000,000 on 11 December 2023: AED 2,320 per sqft for 862 sqft. The unit has 2 registered sales; the first was AED 1,950,000 in May 2017.
What is the rent for unit 601?
AED 130,000 a year on the contract signed on 3 December 2024. The previous contract, from October 2021, was AED 75,000; the unit has been rented since June 2019.
How big is unit 601?
862 sqft (80.1 sqm): a one-bedroom hotel apartment on the 6th floor of a 9-storey tower completed in 2017.
What is unit 601 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 601, Royal Bay
Starts from the last sale price (AED 2M, 11 December 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,000,000
- Deposit, UAE resident (20%)
- AED 400,000
- Deposit, non-resident (40%)
- AED 800,000
- Monthly over 25 years at 3.7%
- AED 8,183
Plus AED 89,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →