Azure Residences

P1 — Delivered Ready Primary
Developer Nakheel PJSC
Community Palm Jumeirah
Property type Apartment
Data updated Mar 12, 2026

Azure Residences is a Delivered development by Nakheel PJSC in Palm Jumeirah. 170 units across 1 Bedroom (82%), 2 Bedroom (18%). Over the trailing 12 months, 259 sales at a median of AED 3,400,000.

Key Metrics
Median Price
Value
AED 3,400,000
Change
21.4% YoY
Transactions
Value
259
Change
13 in period
Price / sqft
Value
AED 2,625
Handover Status
Value
P1
Change
Delivered — ready sale recorded
Median Price
AED 3,400,000
↑ 21.4% YoY
Transactions
259
↑ 13 in period
Price / sqft
AED 2,625
Handover
P1
Delivered
Investment Analytics
Capital Return
Value
5.8%
Holding Period
Value
3.8 yrs
Liquidity
Value
7.7%
Ready Market Mix
Value
0.0%
Rental Activity
Value
50.0%
Capital Return
5.8%
Holding Period
3.8 yrs
Liquidity
7.7%
Ready Market Mix
0.0%
Rental Activity
50.0%

Rental Performance

Rental Volume
Value
950
Avg Annual Rent
Value
AED 141,303
New Leases
Value
63.5%
Renewals
Value
36.5%
Rental Volume
950
Avg Annual Rent
AED 141,303
New Leases
63.5%
Renewals
36.5%

Unit Mix

By bedroom type
1 Bedroom 140 units · 82%
2 Bedroom 30 units · 18%

Transaction Breakdown

All time — 259 transactions
Off-Plan Primary
83
Off-Plan Secondary
3
Ready Primary
87
Ready Secondary
86

Price History

Median Price — Azure Residences

Median prices in Azure Residences have declined significantly, down 28% to AED 3.4M over the past 7 months.

Recent Transactions

Showing last 10 of 259
Date Type Price (AED) Size (sqft) AED/sqft
Mar 12, 2026 RP Secondary 3,350,000 1,142 2,931
Mar 05, 2026 RP Secondary 3,520,000 1,142 3,080
Jan 13, 2026 RP Secondary 5,850,000 2,017 2,899
Dec 17, 2025 RP Secondary 3,300,000 1,142 2,887
Oct 30, 2025 RP Secondary 3,400,000 1,385 2,454
Oct 23, 2025 RP Secondary 5,900,000 2,016 2,925
Jul 29, 2025 RP Secondary 3,000,000 1,142 2,625
Jul 16, 2025 RP Secondary 3,000,000 1,142 2,625
Jun 30, 2025 RP Secondary 5,850,000 2,262 2,586
Jun 11, 2025 RP Secondary 2,575,000 1,150 2,237

This project is in Palm Jumeirah

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