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Royal Bay by Azizi is a 10-storey multi-purpose building located on The Crescent of Palm Jumeirah. The building consists of 90 units, which include 2- to 3-bedroom apartments and penthouses. Due to the fact that the building stands on the inner side of The Crescent, the habitants of Royal Bay have view the beachfront on the east and Atlantis The Palm on the west.
Royal Bay is located of the eastern crescent of Palm Jumeirah island; the development was completed within 22 months. The building was designed by Azizi Developments in collaboration with Naga Architects. Originally, it was named Azizi Breeze, and in 2016 it was renamed to Royal Bay.
Overall, there are 90 units in the building, including 58 one-bedroom apartments, 30 two-bedroom apartments and 2 penthouses. The building is rotated by 45 degrees, so one can have a direct view on the Arabian Gulf from all the living rooms, kitchens and bedrooms. Due to the fact that the building stands on the inner side of The Crescent, the residents of Royal Bay have view the beachfront on the east and Atlantis The Palm on the west.
Prices in Royal Bay by Azizi start at AED 1,230,000 or USD 334,878.
The estimated floor space is 818 sq. ft to 5788.93 sq. ft.
The construction works were started in 2015 and finished by August 2017.
Royal Bay is a complex with fully-serviced apartments located on the crescent of Palm Jumeirah island. It is one of the remaining active real estate properties on this sought-after area of Dubai.
Nearest areas and places of interest:
Please be noted that the above locations as well as travelling times are provided with no traffic jams taken into account.
According to a recent report on real estate of Dubai for the 1st half-year period of 2020, the Palm Jumeirah island is one of the most sought-after areas of Dubai. During this period, over 435 real estate deals were made.
To date, the average annual rental fee on Palm Jumeirah starts at AED 65,000 for a 1-bedroom apartment, AED 80,000 for 2-bedroom apartments and AED 85,000 for 3-bedroom apartments. Statistically, the best-selling real estate properties on Palm Jumeirah are 2-bedroom apartments that offer a ROI of 5.4% to 6.1% annually.
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