3-bed · 2,488 sqftAvenue Residence 1, Al Furjan · 1st floor · completed 2014

106, Avenue Residence 1

Sold prices and rental history: sold 3 times, last in December 2014, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 106 · DLD and Ejari recordsUpdated 1 October 2023
Last soldAED 1.7M10 December 2014
Current rentAED 94K /yr1 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 106, Avenue Residence 1

What is 106 worth today?

Last sold for AED 1,700,000 in 2014

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1 Oct 2023RentedRenewal
AED 94,000/yr12 months · AED 38 per sqft
1 Oct 2022RentedRenewal
AED 90,000/yr12 months · AED 36 per sqft
18 Jul 2017RentedNew contract
AED 120,000/yr12 months · AED 48 per sqft
10 Dec 2014SoldReady
AED 1,700,000AED 683 per sqft
9 Oct 2014Sold by developerReady
AED 908,868AED 365 per sqft
9 Oct 2014SoldReady
AED 908,868AED 365 per sqft

Source: Dubai Land Department. Updated 1 October 2023.

Key facts

Type
3-bed apartment
Size
2,488 sqft
Floor
1st of 10
Parking
G-21, G-22
Developer
Nabni Real Estate Development
Completed
2014
Service charge
AED 32,500 /yr
Last sold
AED 1.7M · December 2014

About 106, Avenue Residence 1

106 is a three-bedroom apartment of 2,488 sqft on the 1st floor of Avenue Residence 1, a 10-storey tower in Al Furjan completed in 2014 by Nabni Real Estate Development. It last sold on 10 December 2014 for AED 1,700,000, or AED 683 per sqft, 17% below the AED 825 three-beds in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, renewed on 1 October 2023, is AED 94,000 a year: a gross yield of 5.5% on the 2014 price, before the service charge of about AED 32,500 a year.

Sales and rents for 106 over time

Sales
Unit 106, each saleTypical three-bed in Avenue Residence 1
1M2M20132016201920222025Typical sale price by year: 2013 AED 1,285,165; 2014 AED 1,547,009; 2024 AED 2,050,000Sold by developer, October 2014: AED 908,868 (AED 365 per sqft)Sold, October 2014: AED 908,868 (AED 365 per sqft)Sold, December 2014: AED 1,700,000 (AED 683 per sqft)

106 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 106, each contractTypical three-bed in Avenue Residence 1
100K20152018202120242027Typical rent by year: 2015 AED 126,857; 2016 AED 125,000; 2017 AED 107,635; 2018 AED 88,000; 2019 AED 85,000; 2020 AED 70,000; 2021 AED 78,250; 2022 AED 89,000; 2023 AED 94,000; 2024 AED 101,000; 2025 AED 104,500; 2026 AED 104,750New contract, July 2017: AED 120,000 a yearRenewal, October 2022: AED 90,000 a yearRenewal, October 2023: AED 94,000 a year

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

3-beds in Avenue Residence 1, and where 106 sits

All 20 3-beds →

106 last sold in December 2014 at AED 683 per sqft, 17% below what three-beds in Avenue Residence 1 were fetching at the time (AED 825). 106's AED 94,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
23 Apr 20252,350,000
26 Dec 20242,100,000
24 Oct 20242,050,000
4 Jun 20241,865,000
0 3-bed sales in the last 12 months

Avenue Residence 1

Building

99 apartments, 1-bed to 3-bed over 10 floors in Al Furjan, completed in 2014 by Nabni Real Estate Development. 5 sold in the last 12 months.

Typical price per sqft
AED 1,013
Typical sale
AED 1.17M
Typical rent
AED 90K /yr
Typical yield
6.6%
Avenue Residence 1, Al Furjan: prices, sales and rents →

Other units on the 1st floor

All 99 units in Avenue Residence 1
Value
1013-bedAED 1.7M · Mar 2023
1022-bedAED 970K · Mar 2023
1031-bedAED 960K · Oct 2014
1042-bedAED 1.3M · Jul 2018
1052-bedAED 1.34M · Nov 2014
1072-bedAED 710K · Mar 2020
1082-bedAED 1.37M · Nov 2024
1–7 of 8

106, Avenue Residence 1 in numbers

  • Sold 3 times: first on 9 October 2014 for AED 908,868, last on 10 December 2014 for AED 1,700,000 (AED 683 per sqft).
  • Rented since July 2017 on 3 Ejari contracts, from AED 120,000 to AED 94,000 a year.
  • At AED 94,000 a year the gross yield on the 2014 price is 5.5%, before a service charge of about AED 32,500 a year (AED 13.05 per sqft).

Source: Dubai Land Department. Updated 1 October 2023.

Questions about 106, Avenue Residence 1

What did unit 106 last sell for?

AED 1,700,000 on 10 December 2014: AED 683 per sqft for 2,488 sqft. The unit has 3 registered sales; the first was AED 908,868 in October 2014.

What is the rent for unit 106?

AED 94,000 a year on the contract renewed on 1 October 2023. The previous contract, from October 2022, was AED 90,000; the unit has been rented since July 2017.

How big is unit 106?

2,488 sqft (231.1 sqm): a three-bedroom apartment on the 1st floor of a 10-storey tower completed in 2014.

What is unit 106 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 106, Avenue Residence 1

Starts from the last sale price (AED 1.7M, 10 December 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,700,000
Deposit, UAE resident (20%)
AED 340,000
Deposit, non-resident (40%)
AED 680,000
Monthly over 25 years at 3.7%
AED 6,955

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