709, Al Fouad
Sold prices and rental history: sold once, by the developer in June 2018, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 709, Al Fouad
What is 709 worth today?
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Source: Dubai Land Department. Updated 12 May 2019.
Key facts
- Type
- 2-bed apartment
- Size
- 1,168 sqft
- Floor
- 7th of 10
- Parking
- G-118
- Developer
- Sooma Real Estate Developer
- Completed
- 2017
- Service charge
- AED 12,300 /yr
- Last sold
- AED 485K · June 2018
- Building
- Al Fouad
About 709, Al Fouad
709 is a two-bedroom apartment of 1,168 sqft on the 7th floor of Al Fouad, a 10-storey tower in Al Furjan completed in 2017 by Sooma Real Estate Developer . The developer sold it on 19 June 2018 for AED 484,538, or AED 414 per sqft, 49% below the AED 813 two-beds in the building were fetching at the time.
It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 12 May 2019, is AED 71,807 a year: a gross yield of 14.8% on the 2018 price, before the service charge of about AED 12,300 a year.
Sales and rents for 709 over time
709 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Al Fouad, and where 709 sits
All 18 2-beds →709 last sold in June 2018 at AED 414 per sqft, 49% below what two-beds in Al Fouad were fetching at the time (AED 813). 709's AED 71,807 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Jul 202423 July 2024 | 1,170 sqft | 1,075,000 | 918 | ||
| 5 Apr 20245 April 2024 | 1,169 sqft | 855,000 | 731 | ||
| 19 Jan 202419 January 2024 | 1,168 sqft | 860,000 | 736 | ||
| 10 Jan 202410 January 2024 | 1,170 sqft | 950,000 | 811 |
Al Fouad
Building105 apartments, studios to 3-bed over 10 floors in Al Furjan, completed in 2017 by Sooma Real Estate Developer . 2 sold in the last 12 months.
- Typical price per sqft
- AED 878
- Typical sale
- AED 750K
- Typical rent
- AED 54K /yr
- Typical yield
- 8.1%
Other units on the 7th floor
All 105 units in Al Fouad| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 903 sqft | AED 800KAED 800,000 · Dec 2024December 2024 | 66,000 /yr | |
| 702 | Studio | 518 sqft | AED 440KAED 440,000 · Nov 2017November 2017 | 47,000 /yr | |
| 703 | 2-bed | 1,168 sqft | AED 963KAED 963,090 · Oct 2022October 2022 | 88,549 /yr | |
| 704 | 1-bed | 898 sqft | AED 790KAED 790,000 · Jan 2018January 2018 | 35,000 /yr | |
| 705 | 1-bed | 371 sqft | AED 257KAED 257,425 · Dec 2022December 2022 | 48,500 /yr | |
| 706 | 1-bed | 812 sqft | AED 720KAED 720,000 · Aug 2018August 2018 | 53,130 /yr | |
| 707 | 1-bed | 729 sqft | AED 740KAED 740,000 · Feb 2022February 2022 | 63,000 /yr | |
| 708 | 1-bed | 458 sqft | AED 257KAED 256,734 · Mar 2023March 2023 | 51,400 /yr | |
| 710 | Studio | 518 sqft | AED 440KAED 440,000 · Nov 2017November 2017 | 45,000 /yr | |
| 711 | 1-bed | 903 sqft | AED 775KAED 775,000 · Sep 2017September 2017 | 65,000 /yr |
709, Al Fouad in numbers
- Sold once: by Sooma Real Estate Developer on 19 June 2018 for AED 484,538, or AED 414 per sqft.
- Rented since May 2018 on 2 Ejari contracts, from AED 72,000 to AED 71,807 a year.
- At AED 71,807 a year the gross yield on the 2018 price is 14.8%, before a service charge of about AED 12,300 a year (AED 10.56 per sqft).
Source: Dubai Land Department. Updated 12 May 2019.
Questions about 709, Al Fouad
What did unit 709 last sell for?
AED 484,538 on 19 June 2018, sold by the developer: AED 414 per sqft for 1,168 sqft. It is the only registered sale of the unit.
What is the rent for unit 709?
AED 71,807 a year on the contract signed on 12 May 2019. The previous contract, from May 2018, was AED 72,000.
How big is unit 709?
1,168 sqft (108.5 sqm): a two-bedroom apartment on the 7th floor of a 10-storey tower completed in 2017.
What is unit 709 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 709, Al Fouad
Starts from the last sale price (AED 485K, 19 June 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 484,538
- Deposit, UAE resident (20%)
- AED 96,908
- Deposit, non-resident (40%)
- AED 193,815
- Monthly over 25 years at 3.7%
- AED 1,982
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →