Azure Residences
- Completed 2015
- 170 units
- 12 floors
- Master developer The Palm Jumeirah
A 1 bed in Azure Residences costs a median AED 3.35M, rents long-let for AED 160,000/yr (4.8% gross), and returns 4.7% short-term at the assumed 70% occupancy.
1 bed · typical price
3.35MAED
AED 2,888/sqft · +19.4% on a year
- Rent a year
- AED 160,000
- Yield after service charge
- 4.2%
- vs Palm Jumeirah
- 3% above the median
Cost to buy, all inAED 3.56M
- Price
- AED 3.35M
- DLD fee 4%
- AED 134,000
- Agent 2% + VAT
- AED 70,350
- Trustee
- AED 4,200
Fees repaid by net rent18 months
Is Azure Residences a good investment?Prices rising; the rent pays below the Dubai median
- Does it pay a good rent?4.8% gross, 4.2% after the service charge (Dubai median 6.8%)4.8%Watch
- Are rents going up?New 1 bed leases: AED 160,000 a year ago, AED 160,000 now (pooled across the project)0.0%
- Are prices going up?1 bed: AED 2,418/sqft a year ago, 2,888 now+19.4%Strength
- How fast do fees pay back?AED 208,550 in fees to buy a 1 bed; net rent covers it in 1.5 years1.5 yrsFair
- Can I sell easily?9 sales in 12 months, 5% of the tower (15 the year before)9Fair
- Is a lot being built nearby?1,706 apartments are planned in Palm Jumeirah from 2026 to 2028, equal to 44% of the 3,913 homes let there today. A further 125 are past their planned date. Palm Jumeirah supply by year →44%Fair
- Did earlier buyers gain?Up 82% for buyers 5 years ago; up 55% for launch buyers, before fees+82.1%Context
Readings use published thresholds · 1 bed figures, the most traded type · Data to 12 Oct 2026
Azure Residences prices and rents by unit typeA one-bed costs about AED 3.35M and rents for about AED 160,000 a year
Appreciation, rental income and short-term detail, by unit typeAppreciation, rental income and short-term detail, by unit type
Appreciation
1 bed · price per sqft · Palm Jumeirah · area median AED 2,802/sqft
- 12-month change
- +19.4%
- 3 years
- +40.4% · +12.0%/yr
- 5 years
- +81.4% · +12.6%/yr
- vs area median
- +3.1%
- Rank by price per sqft
- 13th of 27
- Off-plan price gain, 2013–2016
- -27.8% · -2.8%/yr
Rental income
1 bed · Palm Jumeirah
- Gross yield
- 4.8%
- Median new rent
- AED 160,000/yr
- Yield vs area median
- -0.4 pts
- Yield vs Dubai (6.8%)
- -2.0 pts
- Yield rank
- 11th of 16
- Renewal rent
- AED 150,000/yr
- New tenants pay vs sitting (28 renewals)
- +6.7%
Short-term income
1 bed · 70% occupancy · 7-night stays
- Median nightly rate
- AED 814
- Net revenue
- AED 156,284/yr
- vs long-let rent
- 1.0×
- Listings seen
- 2+
Read with care
- Rental data covers the whole Azure Residence project, not this tower alone.
Price history and sales
As filed with the Land Department — data to 2026-10-12.
Chart data, 1 bed: Oct 2013, AED 2,599,500; latest, Jul 2026, AED 2,912,500; peak, Mar 2026, AED 3,435,000.
Did earlier buyers gain?
Median paid per sqft, all types, against today’s 2,900 · before fees
- Launch, 2013–16
- 1,876
- +55%
- 26 sales
- 5 years ago
- 1,592
- +82%
- 8 sales
- 3 years ago
- 2,056
- +41%
- 16 sales
- Previous 12 months
- 2,453
- +18%
- 15 sales
- Last 12 months
- 2,900
- today
- 9 sales
The change is what a buyer at each median would be up or down at today’s median. A shift in the unit mix can move a median without any unit changing price.
9 resales in the last 12 months, against 16 a year on average over 2023–2025.
9 resales in the last 12 months.
Short-term rates around Azure Residences
Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.
Rows marked 500 m cluster widen to the surrounding listings because the building itself had too few of that type.
Nightly rate through the yearNightly rate through the year
Comparables in Palm Jumeirah
Every Palm Jumeirah building with a page, ranked by price per sqft over the same 12 months, all unit types. Azure Residences places 44th of 93; the nearest 8 are shown.
Rank 1 is the dearest per square foot. Differences are against Azure Residences (AED 2,900/sqft); yields need a publishable price and are blank where the recorded prices are share transfers.
At 1 bed, Azure Residences has registered sale prices 3% above the Palm Jumeirah median price per square foot of 2,802 AED, across 27 eligible buildings. It ranks 13th of 27 by price per square foot and 11th of 16 by gross yield in Palm Jumeirah.
Market context in Palm Jumeirah
Registered sales activity
748 ready apartment sales in the 12 months to 2026-10-12.
+3.4% in median AED/sqft versus the preceding year, supported by 748 current and 1,092 prior price observations.
Explore sales activityPlanned apartment projects
1,382 known registered units across 7 pending projects planned within one year of the 2026-07-06 register.
3 projects had already passed their planned date; 2 have unknown timing.
Explore planned supplySupply against leasing, and same-building moves
1,706 apartments are planned in Palm Jumeirah from 2026 to 2028, equal to 44% of the 3,913 homes let there today.
Ready prices per sqft fell in 26% of 34 buildings (counted once per bedroom type) in Palm Jumeirah with sales in both years; the typical one moved +3.4%.
New-lease rents fell in 81% of 16 buildings (counted once per bedroom type) with leases in both years; the typical one moved −6.8%.
How these are countedDirect locality, all apartment bedroom types. Area context is not building performance. Planned dates are relative to the register date, not a delivery forecast; project unit counts can include mixed uses. Sales activity is not time on market or occupancy.
About Azure Residences
Azure Residences is an apartment building completed in 2015 by The Palm Jumeirah in Palm Jumeirah with 170 registered units. 226 sales are registered with the Dubai Land Department.
The building, as registered
- Service charge
- AED 17.08/sqft a year · 2026 budget
- Floors
- 12
- Master developer
- The Palm Jumeirah
Drive times · typical
- Downtown
- 22 min · 21 km
- DXB Airport
- 27 min · 34 km
- DIFC
- 19 min · 24 km
- Dubai Marina
- 12 min · 7.3 km
- Palm Jumeirah
- 12 min · 5.9 km
Nearest, as registered
- Metro
- Knowledge Village
- Mall
- Marina Mall
- Landmark
- Burj Al Arab
Azure Residences: AED 2,900 per sq ft, 2% above the median Palm Jumeirah building, and a 4.8% gross yield, below the area's median building
The building's own figures against its area's registered market, last twelve months.
Price per sq ft
Median registered sale price, AED per sq ft, last 12 months
- Azure ResidencesAED 2,900
- Palm Jumeirah, readyAED 2,663
- Palm Jumeirah, off-planAED 5,539
- Dubai, readyAED 1,421
Gross yield against the area's buildings
Axis: gross yield, % of price
Azure ResidencesPalm Jumeirah median building
- Palm Jumeirah4.8% vs 5.1%
More from The Palm Jumeirah
The Palm Tower
Palm Jumeirah · 32 sales, 12 months
2.58M
AED, resale median · 4,343/sqft
Marina Apartments 4
Palm Jumeirah · 19 sales, 12 months
4.50M
AED, resale median · 2,261/sqft
Palm Beach Towers-2
Palm Jumeirah · 18 sales, 12 months
7.76M
AED, resale median · 3,290/sqft
Marina Apartments 3
Palm Jumeirah · 14 sales, 12 months
3.85M
AED, resale median · 1,985/sqft
Nearby in Palm Jumeirah
Prices per sq ft around Azure Residences, on the mapPrices per sq ft around Azure Residences, on the map
Seven Hotel & Apartments the Palm - A
Palm Jumeirah · 51 sales, 12 months
1.70M
AED, resale median · 3,456/sqft
The Palm Tower
Palm Jumeirah · 32 sales, 12 months
2.58M
AED, resale median · 4,343/sqft
Royal Amwaj Residences North
Palm Jumeirah · 26 sales, 12 months
2.58M
AED, resale median · 2,375/sqft
Serenia Living - Tower 1
Palm Jumeirah · 25 sales, 12 months
8.50M
AED, resale median · 4,541/sqft
Before you decide
The facts that can change the return, each with the date it rests on.
- Sales and rents toOn record
- Sales evidence · 1 bedOn record
- Rental evidence · 1 bedRead with care
- Service chargeAED 17.08/sqft a year, 2026 owners-association budget; 4.2% yield after it. Confirm against the latest invoice.On record
- Project registerOn record
- DeveloperOn record
- Short-term assumptionRead with care
- Building recordOn record
- Costs not includedNot in the yield
Rent or buy
What owning a 1 bed here costs against renting it, at stated assumptions you can change.
Monthly cost of owning against renting, with your own deposit and rateMonthly cost of owning against renting, with your own deposit and rate
Prefilled from Azure Residences’s median sale price and annual rent, with the fees and growth rates listed in the breakdown as of . Change any figure.
More assumptionsFewer assumptions
The site does not hold this building’s service charge; type yours to include it. Residency sets the default down payment: typical bank floor, not a rule.
- Monthly mortgage
- 14,896AED
- 4.5% over 25 years
- Monthly rent
- 13,333AED
- AED 160,000 a year
- Cash needed at purchase
- 915,050AED
- 20% down plus AED 245,050 in fees
Owning costs AED 491,936 less than renting over 5 years, once the sale is counted.
Buying overtakes renting in year 3.
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Common questions
- What is the rental yield in Azure Residences?
- Azure Residences returns 4.8% gross: a median new-contract rent of AED 160,000 a year (44 Ejari contracts in 12 months) over a price benchmark of AED 3.35M (median of 7 sales in the last 12 months, latest Jul 2026), before service charge, agency fees or vacant months.
- How much does a 1 bedroom in Azure Residences cost?
- The median registered sale price is AED 3.35M (2,888 AED/sqft), from 7 Dubai Land Department sales in the last 12 months. This is a price paid, not an asking price.
- What are apartments in Azure Residences selling for right now?
- Registered sales of ready units in Azure Residences over the last 12 months have a median of 2,888 AED/sqft, across 7 sales. That uses the same trailing year as the rent and yield figures, requires at least five sales, and excludes off-plan. Floor, view and condition move a specific unit's price around it.
- Have prices in Azure Residences risen or fallen?
- Median price per square foot moved +19.4% over the last 12 months against the 12 before it, on 7 sales with a price per square foot. On a sample this size, read the direction rather than the exact figure.
- How does Azure Residences compare with Palm Jumeirah?
- Its 4.8% gross yield sits -0.4 pts against the Palm Jumeirah median of 5.2%, computed the same way at the same bedroom grain. Gross yield divides the median annual rent from new registered Ejari contracts starting in the last 12 months by the median price of the building's registered sales in the last 12 months (at least 3 sales) for the same bedroom type, with ready and off-plan sales counted alike.
For agents
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Azure Residences sale record
- Record type
- Building-level property market record
- Data date
- · refreshed
- Evidence base
- 7 registered sales in the last 12 months for the default unit type
- Sources
- Dubai Land Department sale transactions and Ejari rental contracts; public Airbnb search results for forward short-term rates
- Canonical record
- /sale/apartments/dubai/palm-jumeirah/azure-residences
Cite as: Dubai Wealth Index. “Azure Residences sale prices and yield.” Palm Jumeirah, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/sale/apartments/dubai/palm-jumeirah/azure-residences
Stable dataJSON