2-bed · 1,403 sqft5th Avenue, Al Furjan · 10th floor · completed 2020

1001, 5th Avenue

Sold prices and rental history: sold once, by the developer in September 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1001 · DLD and Ejari recordsUpdated 15 September 2023
Last soldAED 1.26M15 September 2023
Current rentAED 72K /yr5 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1001, 5th Avenue

What is 1001 worth today?

Last sold for AED 1,262,972 in 2023

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15 Sep 2023Sold by developerReady
AED 1,262,972AED 900 per sqft
5 Nov 2022RentedRenewal
AED 72,000/yr12 months · AED 51 per sqft
5 Nov 2021RentedNew contract
AED 72,000/yr12 months · AED 49 per sqft
27 Jun 2021RentedNew contract
AED 70,000/yr12 months · AED 48 per sqft

Source: Dubai Land Department. Updated 15 September 2023.

Key facts

Type
2-bed apartment
Size
1,403 sqft
Floor
10th of 10
Parking
P-71
Developer
Mr Hussin Meseh Iskandar
Completed
2020
Service charge
AED 17,400 /yr
Last sold
AED 1.26M · September 2023
Building
5th Avenue

About 1001, 5th Avenue

1001 is a two-bedroom apartment of 1,403 sqft on the 10th floor of 5th Avenue, a 10-storey tower in Al Furjan completed in 2020 by Mr Hussin Meseh Iskandar. The developer sold it on 15 September 2023 for AED 1,262,972, or AED 900 per sqft, in line with the AED 918 two-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 5 November 2022, is AED 72,000 a year: a gross yield of 5.7% on the 2023 price, before the service charge of about AED 17,400 a year.

Sales and rents for 1001 over time

Sales
Unit 1001, each saleTypical two-bed in 5th Avenue
1.4M1.6M20232024202520262027Typical sale price by year: 2023 AED 1,278,950; 2024 AED 1,339,622; 2026 AED 1,600,000Sold by developer, September 2023: AED 1,262,972 (AED 900 per sqft)

1001 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1001, each contractTypical two-bed in 5th Avenue
75K100K2021202320252027Typical rent by year: 2021 AED 69,750; 2022 AED 72,488; 2023 AED 75,216; 2024 AED 80,400; 2025 AED 115,000; 2026 AED 112,500New contract, June 2021: AED 70,000 a yearNew contract, November 2021: AED 72,000 a yearRenewal, November 2022: AED 72,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in 5th Avenue, and where 1001 sits

All 60 2-beds →

1001 last sold in September 2023 at AED 900 per sqft, in line with what two-beds in 5th Avenue were fetching at the time (AED 918). Over the last 12 months two-beds sold for AED 1,600,000 to 1,800,000, around AED 1,168 per sqft, and rent for AED 90,300 to 144,000 a year. 1001's AED 72,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
3 Nov 20261,600,000
16 Oct 20261,600,000
27 Jan 20261,800,000
2 Sep 20251,700,000
3 2-bed sales in the last 12 months

5th Avenue

Building

92 apartments, 1-bed to 3-bed over 10 floors in Al Furjan, completed in 2020 by Mr Hussin Meseh Iskandar. 4 sold in the last 12 months.

Typical price per sqft
AED 1,156
Typical sale
AED 1.6M
Typical rent
AED 100K /yr
Typical yield
7.1%
5th Avenue, Al Furjan: prices, sales and rents →

Other units on the 10th floor

All 92 units in 5th Avenue
Value
10023-bedAED 2.45M · Mar 2024
10031-bedAED 814K · Sep 2023
10043-bedAED 2.03M · Jun 2024
10052-bedAED 1.7M · Sep 2025
10062-bedAED 1.34M · Dec 2023
10072-bedAED 1.24M · Mar 2023
10082-bedAED 1.21M · Feb 2023
1–7 of 8

1001, 5th Avenue in numbers

  • Sold once: by Mr Hussin Meseh Iskandar on 15 September 2023 for AED 1,262,972, or AED 900 per sqft.
  • Rented since June 2021 on 3 Ejari contracts, from AED 70,000 to AED 72,000 a year.
  • At AED 72,000 a year the gross yield on the 2023 price is 5.7%, before a service charge of about AED 17,400 a year (AED 12.39 per sqft).
  • Two-beds in 5th Avenue sold for AED 1,600,000–1,800,000 in the 12 months to November 2026; the building's median across all types is AED 1,156 per sqft.

Source: Dubai Land Department. Updated 15 September 2023.

Questions about 1001, 5th Avenue

What did unit 1001 last sell for?

AED 1,262,972 on 15 September 2023, sold by the developer: AED 900 per sqft for 1,403 sqft. It is the only registered sale of the unit.

What is the rent for unit 1001?

AED 72,000 a year on the contract renewed on 5 November 2022. The previous contract, from November 2021, was AED 72,000; the unit has been rented since June 2021.

How big is unit 1001?

1,403 sqft (130.3 sqm): a two-bedroom apartment on the 10th floor of a 10-storey tower completed in 2020.

What is unit 1001 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in 5th Avenue sold for AED 1,600,000 to 1,800,000 in the last 12 months, around AED 1,168 per sqft.

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Mortgage on 1001, 5th Avenue

Starts from the last sale price (AED 1.26M, 15 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,262,972
Deposit, UAE resident (20%)
AED 252,594
Deposit, non-resident (40%)
AED 505,189
Monthly over 25 years at 3.7%
AED 5,167

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →