PropertyIndex

Azure Residence

Completed · Q2 2016|179 units · 1 building

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Azure Residence is a completed apartment development by THE PALM - JUMEIRAH CO. (L.L.C) in Palm Jumeirah, comprising 179 registered units. 256 sales are registered with the Dubai Land Department, at a current PIX© price of AED 2,694 per sqft. At AED 2,694 per sqft, Azure Residence prices 31% below the Palm Jumeirah average of AED 3,918 per sqft on registered sales.

PIX© price · 5.4% YoY
3.54MAED
Typical
2,694AED
PSF
Gross yield
4.6%
PIX© rent ÷ PIX© price
Sale records
256
DLD · all time
Rent contracts
1,005
Ejari · all time
Azure Residence

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

TypeUnitsPIX© PricePIX© PSFPSF YoYPIX© Rent /yrYield
PIX© Core
Project-Wide
1,129 – 3,401 sqft
1793.54M2,6945.4%163K4.6%
Residential
1 Bed · Apartment
1,141 – 1,404 sqft
139
2 Bed · Apartment
1,143 – 2,262 sqft
31
Commercial
Other Commercial
3,401 sqft
1
Restaurant
Shop
1,129 – 2,522 sqft
8
Sales — Project-Wide256 DLD records
PIX© price analysis
PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range
PSF range
Avg size
Cash : mortgage
Off-plan : ready
Latest transactions
DatePositionSizePricePSFvs Prior SaleTierType
20 Jul 2026Tower S · Floor 101,1432,825,0002,472+4.6%Entry LevelStandard Sale
14 Jul 2026Tower S · Floor 21,1413,000,0002,629+76.5%Entry LevelStandard Sale
19 May 2026Tower S · Floor 81,1423,350,0002,933+55.8%StandardStandard Sale
Rentals — Project-Wide1,005 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Latest contracts
Start DateUnitPositionSizeRent / YrRent PSFvs Prior RentTierType
12 Aug 20261 BedTower S · Floor 21,143130,000114-16.1%Entry Levelnew
2 Aug 20262 BedTower S · Floor 62,017192,61295-5.4%Standardnew
1 Aug 20262 BedTower S · Floor 52,015240,0001190.0%Standardrenewal

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Comparable projects in Palm Jumeirah

The closest-priced registered projects in Palm Jumeirah.

Common questions about Azure Residence

Answered from Dubai Land Department registered transactions.

How much does a property in Azure Residence cost?

Property in Azure Residence sells at a current PIX© price of AED 2,694 per sqft, or about AED 3,539,997 for a typical unit, based on 256 sales registered with the Dubai Land Department.

Is Azure Residence completed?

Yes. Azure Residence is recorded as completed in the Dubai Land Department project register (completed q2 2016).

Who is the developer of Azure Residence?

Azure Residence is developed by THE PALM - JUMEIRAH CO. (L.L.C), the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Azure Residence?

Azure Residence yields 4.6% gross, calculated from current PIX© rent against current PIX© sale price, across 1,005 registered Ejari contracts.

How many units are in Azure Residence?

Azure Residence holds 179 registered units, per the Dubai Land Department unit register.

Have prices in Azure Residence gone up or down?

Price per sqft has risen +5.4% over the last 12 months, to AED 2,694, across 256 registered sales.

About Azure Residences

Azure Residences is a completed beachfront residential and retail project developed by Nakheel on the eastern shoreline of the Palm Jumeirah Trunk in Dubai, United Arab Emirates.

Project Overview

Azure Residences is a mid-rise waterfront development featuring residential apartments and ground-level commercial outlets. The project was launched by master developer Nakheel in February 2013 and designed by architectural firm Dar Al-Handasah, with United Engineering Construction serving as the main contractor.

Physical Configuration and Inventory

The development consists of a single 10-to-12-storey building containing between 170 and 180 units. The inventory comprises spacious one- and two-bedroom apartments with premium marble flooring and private panoramic terraces. Additionally, the ground level houses ten commercial spaces, including a Choithrams supermarket, retail shops, and beachside restaurants.

Amenities and Location

Key facilities at Azure Residences include a private beach area, a sea-facing infinity pool, a state-of-the-art rooftop gymnasium, dedicated parking, and water taxi mooring facilities. It is located on the eastern trunk of Palm Jumeirah, offering convenient road access to Sheikh Zayed Road and proximity to nearby landmarks like Al Ittihad Park and Nakheel Mall.

Amenities
  • Sea-facing Infinity Pool
    A sea-facing infinity swimming pool situated at the edge of the water.
  • Rooftop Gymnasium
    A state-of-the-art rooftop gym offering panoramic views.
  • Direct Beach Access
    Direct entrance to the sandy beachfront.
  • Water Taxi Mooring Facilities
    Dedicated mooring facilities on the jetty for water taxis.
  • Ground-level Supermarket
    A ground-floor retail space operating as a Choithrams supermarket.
  • Ground-level Restaurants and Cafes
    A selection of dining outlets, including the TagoMago restaurant (formerly Il Faro) located on the jetty.
  • Barbecue Area
    A designated barbecue space for social events.
  • Kids Play Area
    A dedicated outdoor play zone for children.
  • Al Ittihad Park
    A major public park located 2 minutes away on Palm Jumeirah.
  • Golden Mile Galleria
    A retail and lifestyle complex located 2 minutes away.
  • Nakheel Mall
    A premium retail and shopping mall situated 5 minutes away.
Also known as Azure Residence, Azure Residence Palm Jumeirah.