Azimuth Development L.L.C

Azimuth Development is here with Royal Yacht Club Residence on Central Island, and two facts define it: it has sold out, and it did so at a below-median price while offering a rare apartment-and-townhouse mix. That combination is worth understanding, whether you are looking at the resale market now or just reading it as a signal.

On price, Royal Yacht Club was good value. It traded at AED 1,808 per sq.ft, well below the island median of AED 2,445, from about AED 2.3M, with the higher ticket reflecting larger units rather than an expensive per-foot rate. That a below-median building with a differentiated format sold out is the clearest kind of demand signal: value plus something different moves fast on Central Island, the deepest resale market on the archipelago. The townhouse component is the differentiator, since almost everything on Dubai Islands is apartments, and it gives the development a scarce house-style option.

It was a larger building at 147 units, with sizes from around 1,272 sq.ft up to 6,798 and layouts to three bedrooms, so it spanned the mid-sized apartment and the very large home. Handover is dated Q4 2027, and the original plan was 50/50.

Because it is sold out, any purchase now is a resale from an existing owner, so the price reflects the secondary market rather than the original developer list, and the terms will not be the original plan. That makes it a more advanced buy, and one where you should price the specific unit against current comparable Central Island stock before committing. The honest read is that Royal Yacht Club's sell-out at a below-median price with a townhouse option confirms exactly what tends to work on this island: fair value plus a genuine point of difference. If you want in now, treat it as a resale, price it carefully, and get advice on the transfer and any developer approval needed.

Royal Yacht Club Residence is priced from AED 2.3M at AED 1,808 per sq.ft. That is 26% below the Dubai Islands apartment median of AED 2,445, a gap of AED 637 per foot, which puts it in the cheapest quarter of island pricing. On its 50/50 payment plan, that entry price splits into about AED 1.15M committed across construction and AED 1.15M due at handover. Budget roughly another 6 to 7 per cent to complete, around AED 150K: the 4 per cent Dubai Land Department fee, trustee and admin, the first year of service charge and snagging. At this price the registered value clears the AED 2M threshold for the 10-year Golden Visa. Handover is dated Q4 2027, the building holds 147 units, sized 1,272 to 6,798 sq.ft, currently sold out. View the full listing →