701, Royal Bay
Sold prices and rental history: sold twice, last in November 2024, and rented once, from November 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, Royal Bay
What is 701 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 18 November 2024.
Key facts
- Type
- 1-bed hotel apartment
- Size
- 874 sqft
- Floor
- 7th of 9
- Parking
- B-62
- Developer
- Azizi Developments
- Completed
- 2017
- Service charge
- AED 18,300 /yr
- Last sold
- AED 1.95M · November 2024
- Building
- Royal Bay
About 701, Royal Bay
701 is a one-bedroom hotel apartment of 874 sqft on the 7th floor of Royal Bay, a 9-storey tower in Palm Jumeirah completed in 2017 by Azizi Developments. It last sold on 18 November 2024 for AED 1,950,000, or AED 2,232 per sqft, 28% above the AED 1,746 one-beds in the building were fetching at the time.
One Ejari contract is registered, from 1 November 2022. The current contract, signed on 1 November 2022, is AED 130,000 a year: a gross yield of 6.7% on the 2024 price, before the service charge of about AED 18,300 a year.
Sales and rents for 701 over time
701 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 701 sits
All 56 1-beds →701 last sold in November 2024 at AED 2,232 per sqft, 28% above what one-beds in Royal Bay were fetching at the time (AED 1,746). 701'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 7th floor
All 90 units in Royal Bay| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 1-bed | 943 sqft | AED 2.3MAED 2,300,000 · Aug 2024August 2024 | 142,500 /yr | |
| 703 | 2-bed | 1,633 sqft | AED 2.8MAED 2,800,000 · Jan 2026January 2026 | 170,000 /yr | |
| 704 | 1-bed | 791 sqft | AED 1.95MAED 1,950,000 · Jun 2025June 2025 | 120,000 /yr | |
| 705 | 1-bed | 981 sqft | AED 2.4MAED 2,396,840 · Apr 2017April 2017 | 102,000 /yr | |
| 706 | 1-bed | 851 sqft | AED 2.06MAED 2,064,903 · Nov 2016November 2016 | 115,000 /yr | |
| 707 | 1-bed | 1,125 sqft | AED 1.55MAED 1,550,000 · Nov 2022November 2022 | 131,250 /yr | |
| 708 | 2-bed | 1,481 sqft | AED 3.6MAED 3,600,000 · Nov 2016November 2016 | ||
| 709 | 2-bed | 1,494 sqft | AED 2.31MAED 2,310,000 · Dec 2023December 2023 | 170,000 /yr | |
| 710 | 1-bed | 1,111 sqft | AED 2.6MAED 2,598,801 · Dec 2017December 2017 | 76,000 /yr | |
| 711 | 2-bed | 1,442 sqft | AED 2.21MAED 2,210,000 · Jul 2024July 2024 |
701, Royal Bay in numbers
- Sold twice: first on 3 June 2020 for AED 1,530,880, last on 18 November 2024 for AED 1,950,000 (AED 2,232 per sqft).
- Rented since November 2022 on one Ejari contract, at AED 130,000 a year.
- At AED 130,000 a year the gross yield on the 2024 price is 6.7%, before a service charge of about AED 18,300 a year (AED 20.94 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 18 November 2024.
Questions about 701, Royal Bay
What did unit 701 last sell for?
AED 1,950,000 on 18 November 2024: AED 2,232 per sqft for 874 sqft. The unit has 2 registered sales; the first was AED 1,530,880 in June 2020.
What is the rent for unit 701?
AED 130,000 a year on the contract signed on 1 November 2022.
How big is unit 701?
874 sqft (81.2 sqm): a one-bedroom hotel apartment on the 7th floor of a 9-storey tower completed in 2017.
What is unit 701 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 701, Royal Bay
Starts from the last sale price (AED 1.95M, 18 November 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,950,000
- Deposit, UAE resident (20%)
- AED 390,000
- Deposit, non-resident (40%)
- AED 780,000
- Monthly over 25 years at 3.7%
- AED 7,978
Plus AED 86,910 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →