702, Royal Bay
Sold prices and rental history: sold twice, last in August 2024, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 702, Royal Bay
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Source: YallaValue analysis of Dubai Land Department records. Updated 17 January 2025.
Key facts
- Type
- 1-bed hotel apartment
- Size
- 943 sqft
- Floor
- 7th of 9
- Parking
- B-63
- Developer
- Azizi Developments
- Completed
- 2017
- Service charge
- AED 19,700 /yr
- Last sold
- AED 2.3M · August 2024
- Building
- Royal Bay
About 702, Royal Bay
702 is a one-bedroom hotel apartment of 943 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 6 August 2024 for AED 2,300,000, or AED 2,439 per sqft, 43% above the AED 1,700 one-beds in the building were fetching at the time.
It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 17 January 2025, is AED 142,500 a year: a gross yield of 6.2% on the 2024 price, before the service charge of about AED 19,700 a year.
Sales and rents for 702 over time
702 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 702 sits
All 56 1-beds →702 last sold in August 2024 at AED 2,439 per sqft, 43% above what one-beds in Royal Bay were fetching at the time (AED 1,700). 702's AED 142,500 is at the top 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 | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 874 sqft | AED 1.95MAED 1,950,000 · Nov 2024November 2024 | 130,000 /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 |
702, Royal Bay in numbers
- Sold twice: first on 22 February 2024 for AED 1,917,720, last on 6 August 2024 for AED 2,300,000 (AED 2,439 per sqft).
- Rented since September 2018 on 3 Ejari contracts, from AED 120,000 to AED 142,500 a year.
- At AED 142,500 a year the gross yield on the 2024 price is 6.2%, 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 17 January 2025.
Questions about 702, Royal Bay
What did unit 702 last sell for?
AED 2,300,000 on 6 August 2024: AED 2,439 per sqft for 943 sqft. The unit has 2 registered sales; the first was AED 1,917,720 in February 2024.
What is the rent for unit 702?
AED 142,500 a year on the contract signed on 17 January 2025. The previous contract, from September 2019, was AED 120,000; the unit has been rented since September 2018.
How big is unit 702?
943 sqft (87.6 sqm): a one-bedroom hotel apartment on the 7th floor of a 9-storey tower completed in 2017.
What is unit 702 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 702, Royal Bay
Starts from the last sale price (AED 2.3M, 6 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,300,000
- Deposit, UAE resident (20%)
- AED 460,000
- Deposit, non-resident (40%)
- AED 920,000
- Monthly over 25 years at 3.7%
- AED 9,410
Plus AED 101,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →