408, Avenue Residence 1
Sold prices and rental history: sold 5 times, last in July 2016, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Avenue Residence 1
What is 408 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 1 November 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,295 sqft
- Floor
- 4th of 10
- Parking
- G-71
- Developer
- Nabni Real Estate Development
- Completed
- 2014
- Service charge
- AED 16,900 /yr
- Last sold
- AED 1.2M · July 2016
- Building
- Avenue Residence 1
About 408, Avenue Residence 1
408 is a two-bedroom apartment of 1,295 sqft on the 4th floor of Avenue Residence 1, a 10-storey tower in Al Furjan completed in 2014 by Nabni Real Estate Development. It last sold on 18 July 2016 for AED 1,200,000, or AED 926 per sqft, in line with the AED 926 two-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 12 Ejari contracts. The current contract, renewed on 1 November 2025, is AED 75,311 a year: a gross yield of 6.3% on the 2016 price, before the service charge of about AED 16,900 a year.
Sales and rents for 408 over time
408 has sold 5 times; 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 Avenue Residence 1, and where 408 sits
All 69 2-beds →408 last sold in July 2016 at AED 926 per sqft, in line with what two-beds in Avenue Residence 1 were fetching at the time (AED 926). Over the last 12 months two-beds sold for AED 692,008 to 1,500,000, around AED 1,011 per sqft, and rent for AED 76,650 to 115,000 a year. 408's AED 75,311 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 19 Oct 202619 October 2026 | 1,025 sqft | 1,170,000 | 1,141 | ||
| 8 Jun 20268 June 2026 | 1,486 sqft | 1,500,000 | 1,009 | ||
| 28 Jan 202628 January 2026 | 782 sqft | 692,008 | 884 | ||
| 16 Jan 202616 January 2026 | 1,480 sqft | 1,500,000 | 1,013 |
Avenue Residence 1
Building99 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%
Other units on the 4th floor
All 99 units in Avenue Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 3-bed | 1,927 sqft | AED 2.05MAED 2,050,000 · Oct 2024October 2024 | 95,000 /yr | |
| 402 | 2-bed | 1,195 sqft | AED 970KAED 970,000 · Jan 2023January 2023 | 82,500 /yr | |
| 403 | 1-bed | 811 sqft | AED 825KAED 825,000 · Dec 2017December 2017 | 70,000 /yr | |
| 404 | 2-bed | 1,486 sqft | AED 1.5MAED 1,500,000 · Dec 2014December 2014 | 69,300 /yr | |
| 405 | 2-bed | 1,304 sqft | AED 1.25MAED 1,250,000 · May 2017May 2017 | 109,695 /yr | |
| 406 | 3-bed | 1,557 sqft | AED 920KAED 920,000 · Feb 2021February 2021 | ||
| 407 | 2-bed | 1,442 sqft | AED 1.43MAED 1,425,000 · Dec 2024December 2024 | 110,000 /yr | |
| 409 | 2-bed | 782 sqft | AED 692KAED 692,008 · Jan 2026January 2026 | 110,000 /yr | |
| 410 | 2-bed | 1,026 sqft | AED 870KAED 869,908 · Oct 2014October 2014 | 84,000 /yr |
408, Avenue Residence 1 in numbers
- Sold 5 times: first on 19 October 2013 for AED 1,004,165, last on 18 July 2016 for AED 1,200,000 (AED 926 per sqft).
- Rented since August 2016 on 12 Ejari contracts. The rent fell from AED 100,000 to AED 54,000 in 2021 and recovered to AED 75,311 by November 2025.
- At AED 75,311 a year the gross yield on the 2016 price is 6.3%, before a service charge of about AED 16,900 a year (AED 13.05 per sqft).
- Two-beds in Avenue Residence 1 sold for AED 692,008–1,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,013 per sqft.
Source: Dubai Land Department. Updated 1 November 2025.
Questions about 408, Avenue Residence 1
What did unit 408 last sell for?
AED 1,200,000 on 18 July 2016: AED 926 per sqft for 1,295 sqft. The unit has 5 registered sales; the first was AED 1,004,165 in October 2013.
What is the rent for unit 408?
AED 75,311 a year on the contract renewed on 1 November 2025. The previous contract, from November 2024, was AED 71,725; the unit has been rented since August 2016.
How big is unit 408?
1,295 sqft (120.3 sqm): a two-bedroom apartment on the 4th floor of a 10-storey tower completed in 2014.
What is unit 408 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Avenue Residence 1 sold for AED 692,008 to 1,500,000 in the last 12 months, around AED 1,011 per sqft.
Selling 408? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 408, Avenue Residence 1
Starts from the last sale price (AED 1.2M, 18 July 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 1,200,000
- Deposit, UAE resident (20%)
- AED 240,000
- Deposit, non-resident (40%)
- AED 480,000
- Monthly over 25 years at 3.7%
- AED 4,910
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →