1-bed · 899 sqftRoyal Bay, Palm Jumeirah · 6th floor · completed 2017

606, Royal Bay

Sold prices and rental history: sold once, by the developer in April 2024, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 606 · DLD and Ejari recordsUpdated 25 April 2024
Last soldAED 1.6M25 April 2024
Current rentAED 132K /yr1 October 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 606, Royal Bay

What is 606 worth today?

Last sold for AED 1,603,320 in 2024

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25 Apr 2024Sold by developerReady
AED 1,603,320AED 1,784 per sqft
1 Oct 2019RentedNew contract
AED 132,000/yr12 months · AED 147 per sqft
1 Oct 2018RentedNew contract
AED 132,000/yr12 months · AED 148 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 25 April 2024.

Key facts

Type
1-bed hotel apartment
Size
899 sqft
Floor
6th of 9
Parking
B-56
Developer
Azizi Developments
Completed
2017
Service charge
AED 18,800 /yr
Last sold
AED 1.6M · April 2024
Building
Royal Bay

About 606, Royal Bay

606 is a one-bedroom hotel apartment of 899 sqft on the 6th floor of Royal Bay, a 9-storey tower in Palm Jumeirah completed in 2017 by Azizi Developments. The developer sold it on 25 April 2024 for AED 1,603,320, or AED 1,784 per sqft, in line with the AED 1,746 one-beds in the building were fetching at the time.

It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 1 October 2019, is AED 132,000 a year: a gross yield of 8.2% on the 2024 price, before the service charge of about AED 18,800 a year.

Sales and rents for 606 over time

Sales
Unit 606, each saleTypical one-bed in Royal Bay
1.5M2M2016201920222025Typical sale price by year: 2016 AED 2,151,621; 2017 AED 2,201,158; 2021 AED 1,398,547; 2022 AED 1,550,000; 2023 AED 1,950,000; 2024 AED 1,827,450; 2025 AED 1,750,000Sold by developer, April 2024: AED 1,603,320 (AED 1,784 per sqft)

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

Rents
Unit 606, each contractTypical one-bed in Royal Bay
100K2018202120242027Typical rent by year: 2018 AED 102,500; 2019 AED 95,000; 2020 AED 72,500; 2021 AED 79,000; 2022 AED 100,000; 2023 AED 112,308; 2024 AED 117,000; 2025 AED 120,000; 2026 AED 127,500New contract, October 2018: AED 132,000 a yearNew contract, October 2019: AED 132,000 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 Royal Bay, and where 606 sits

All 56 1-beds →

606 last sold in April 2024 at AED 1,784 per sqft, in line with what one-beds in Royal Bay were fetching at the time (AED 1,746). 606's AED 132,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
30 Jun 20251,750,000
12 Jun 20251,950,000
9 Jun 20251,700,000
22 May 20251,650,000
0 1-bed sales in the last 12 months

Royal Bay

Building

90 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%
Royal Bay, Palm Jumeirah: prices, sales and rents →

Other units on the 6th floor

All 90 units in Royal Bay
Value
6011-bedAED 2M · Dec 2023
6021-bedAED 2.45M · Jul 2017
6032-bedAED 2.2M · Jun 2020
6041-bedAED 1.35M · May 2021
6051-bedAED 1.67M · Aug 2024
6071-bedAED 1.47M · Feb 2023
6082-bedAED 4.08M · Jun 2017
1–7 of 10

606, Royal Bay in numbers

  • Sold once: by Azizi Developments on 25 April 2024 for AED 1,603,320, or AED 1,784 per sqft.
  • Rented since October 2018 on 2 Ejari contracts, at AED 132,000 a year.
  • At AED 132,000 a year the gross yield on the 2024 price is 8.2%, before a service charge of about AED 18,800 a year (AED 20.94 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 25 April 2024.

Questions about 606, Royal Bay

What did unit 606 last sell for?

AED 1,603,320 on 25 April 2024, sold by the developer: AED 1,784 per sqft for 899 sqft. It is the only registered sale of the unit.

What is the rent for unit 606?

AED 132,000 a year on the contract signed on 1 October 2019. The previous contract, from October 2018, was AED 132,000.

How big is unit 606?

899 sqft (83.5 sqm): a one-bedroom hotel apartment on the 6th floor of a 9-storey tower completed in 2017.

What is unit 606 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 606, Royal Bay

Starts from the last sale price (AED 1.6M, 25 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,603,320
Deposit, UAE resident (20%)
AED 320,664
Deposit, non-resident (40%)
AED 641,328
Monthly over 25 years at 3.7%
AED 6,560

Plus AED 72,350 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →