2-bed · 1,341 sqft5th Avenue, Al Furjan · 8th floor · completed 2020

807, 5th Avenue

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

Unit 807 · DLD and Ejari recordsUpdated 5 November 2023
Last soldAED 1.25M23 August 2023
Current rentAED 74K /yr5 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 807, 5th Avenue

What is 807 worth today?

Last sold for AED 1,250,000 in 2023

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5 Nov 2023RentedRenewal
AED 74,000/yr10 months · AED 55 per sqft
23 Aug 2023Sold by developerReady
AED 1,250,000AED 931 per sqft
5 Nov 2022RentedNew contract
AED 74,000/yr12 months · AED 55 per sqft
5 Nov 2021RentedNew contract
AED 74,000/yr12 months · AED 52 per sqft

Source: Dubai Land Department. Updated 5 November 2023.

Key facts

Type
2-bed apartment
Size
1,341 sqft
Floor
8th of 10
Parking
P-57
Developer
Mr Hussin Meseh Iskandar
Completed
2020
Service charge
AED 16,600 /yr
Last sold
AED 1.25M · August 2023
Building
5th Avenue

About 807, 5th Avenue

807 is a two-bedroom apartment of 1,341 sqft on the 8th floor of 5th Avenue, a 10-storey tower in Al Furjan completed in 2020 by Mr Hussin Meseh Iskandar. The developer sold it on 23 August 2023 for AED 1,250,000, or AED 931 per sqft, in line with the AED 930 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 2023, is AED 74,000 a year: a gross yield of 5.9% on the 2023 price, before the service charge of about AED 16,600 a year.

Sales and rents for 807 over time

Sales
Unit 807, each saleTypical two-bed in 5th Avenue
1.2M1.4M1.6M20232024202520262027Typical sale price by year: 2023 AED 1,278,950; 2024 AED 1,339,622; 2026 AED 1,600,000Sold by developer, August 2023: AED 1,250,000 (AED 931 per sqft)

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

Rents
Unit 807, 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, November 2021: AED 74,000 a yearNew contract, November 2022: AED 74,000 a yearRenewal, November 2023: AED 74,000 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 807 sits

All 60 2-beds →

807 last sold in August 2023 at AED 931 per sqft, in line with what two-beds in 5th Avenue were fetching at the time (AED 930). 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. 807's AED 74,000 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 8th floor

All 92 units in 5th Avenue
Value
8012-bedAED 1.6M · Oct 2023
8023-bedAED 2.48M · Sep 2024
8031-bedAED 814K · Dec 2023
8043-bedAED 2.14M · Sep 2024
8052-bedAED 1.31M · Feb 2024
8062-bedAED 1.3M · May 2023
8082-bedAED 1.65M · Jan 2024
1–7 of 8

807, 5th Avenue in numbers

  • Sold once: by Mr Hussin Meseh Iskandar on 23 August 2023 for AED 1,250,000, or AED 931 per sqft.
  • Rented since November 2021 on 3 Ejari contracts, at AED 74,000 a year.
  • At AED 74,000 a year the gross yield on the 2023 price is 5.9%, before a service charge of about AED 16,600 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 5 November 2023.

Questions about 807, 5th Avenue

What did unit 807 last sell for?

AED 1,250,000 on 23 August 2023, sold by the developer: AED 931 per sqft for 1,341 sqft. It is the only registered sale of the unit.

What is the rent for unit 807?

AED 74,000 a year on the contract renewed on 5 November 2023. The previous contract, from November 2022, was AED 74,000; the unit has been rented since November 2021.

How big is unit 807?

1,341 sqft (124.6 sqm): a two-bedroom apartment on the 8th floor of a 10-storey tower completed in 2020.

What is unit 807 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 807, 5th Avenue

Starts from the last sale price (AED 1.25M, 23 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,250,000
Deposit, UAE resident (20%)
AED 250,000
Deposit, non-resident (40%)
AED 500,000
Monthly over 25 years at 3.7%
AED 5,114

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