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3-bed · 1,927 sqftAvenue Residence 1, Al Furjan · 5th floor · completed 2014

501, Avenue Residence 1

Sold prices and rental history: sold 4 times, last in December 2024, and rented once, from March 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 501 · DLD and Ejari recordsUpdated 26 December 2024
Last soldAED 2.1M26 December 2024
Current rentAED 85K /yr14 March 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 501, Avenue Residence 1

What is 501 worth today?

Last sold for AED 2,100,000 in 2024

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26 Dec 2024SoldReady
AED 2,100,000AED 1,089 per sqft
14 Mar 2019RentedNew contract
AED 85,000/yr12 months · AED 44 per sqft
17 Nov 2014SoldReady
AED 1,850,000AED 960 per sqft
20 Oct 2014SoldReady
AED 1,550,540AED 804 per sqft
15 Sep 2013Sold by developerOff-plan
AED 1,550,540AED 804 per sqft

Source: Dubai Land Department. Updated 26 December 2024.

Key facts

Type
3-bed apartment
Size
1,927 sqft
Floor
5th of 10
Parking
G-76, G-77
Developer
Nabni Real Estate Development
Completed
2014
Service charge
AED 25,100 /yr
Last sold
AED 2.1M · December 2024
Building
Avenue Residence 1

About 501, Avenue Residence 1

501 is a three-bedroom apartment of 1,927 sqft on the 5th floor of Avenue Residence 1, a 10-storey tower in Al Furjan completed in 2014 by Nabni Real Estate Development. It last sold on 26 December 2024 for AED 2,100,000, or AED 1,089 per sqft, in line with the AED 1,063 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 14 March 2019. The current contract, signed on 14 March 2019, is AED 85,000 a year: a gross yield of 4.0% on the 2024 price, before the service charge of about AED 25,100 a year.

Sales and rents for 501 over time

Sales
Unit 501, each saleTypical three-bed in Avenue Residence 1
1.5M2M2013201720212025Typical sale price by year: 2013 AED 1,285,165; 2014 AED 1,547,009; 2024 AED 2,050,000Sold by developer, September 2013: AED 1,550,540 (AED 804 per sqft)Sold, October 2014: AED 1,550,540 (AED 804 per sqft)Sold, November 2014: AED 1,850,000 (AED 960 per sqft)Sold, December 2024: AED 2,100,000 (AED 1,089 per sqft)

501 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 501, 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, March 2019: AED 85,000 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 501 sits

All 20 3-beds →

501 last sold in December 2024 at AED 1,089 per sqft, in line with what three-beds in Avenue Residence 1 were fetching at the time (AED 1,063). 501's AED 85,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
23 Apr 20252,350,000
24 Oct 20242,050,000
4 Jun 20241,865,000
11 Sep 20231,770,000
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 5th floor

All 99 units in Avenue Residence 1
Value
5022-bedAED 979K · Nov 2014
5031-bedAED 725K · Jun 2018
5042-bedAED 1.5M · Jun 2026
5052-bedAED 1.15M · Feb 2024
5063-bedAED 1.32M · Nov 2014
5072-bedAED 1.31M · Dec 2024
5082-bedAED 1.28M · Apr 2015
1–7 of 9

501, Avenue Residence 1 in numbers

  • Sold 4 times: first on 15 September 2013 for AED 1,550,540, last on 26 December 2024 for AED 2,100,000 (AED 1,089 per sqft).
  • Rented since March 2019 on one Ejari contract, at AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2024 price is 4.0%, before a service charge of about AED 25,100 a year (AED 13.05 per sqft).

Source: Dubai Land Department. Updated 26 December 2024.

Questions about 501, Avenue Residence 1

What did unit 501 last sell for?

AED 2,100,000 on 26 December 2024: AED 1,089 per sqft for 1,927 sqft. The unit has 4 registered sales; the first was AED 1,550,540 in September 2013.

What is the rent for unit 501?

AED 85,000 a year on the contract signed on 14 March 2019.

How big is unit 501?

1,927 sqft (179.0 sqm): a three-bedroom apartment on the 5th floor of a 10-storey tower completed in 2014.

What is unit 501 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 501, Avenue Residence 1

Starts from the last sale price (AED 2.1M, 26 December 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

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