502, Avenue Residence 1
Sold prices and rental history: sold twice, last in November 2014, 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 502, Avenue Residence 1
What is 502 worth today?
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Source: Dubai Land Department. Updated 5 November 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,195 sqft
- Floor
- 5th of 10
- Parking
- G-75
- Developer
- Nabni Real Estate Development
- Completed
- 2014
- Service charge
- AED 15,600 /yr
- Last sold
- AED 979K · November 2014
- Building
- Avenue Residence 1
About 502, Avenue Residence 1
502 is a two-bedroom apartment of 1,195 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 20 November 2014 for AED 978,772, or AED 819 per sqft, in line with the AED 802 two-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 11 Ejari contracts. The current contract, renewed on 5 November 2025, is AED 81,000 a year: a gross yield of 8.3% on the 2014 price, before the service charge of about AED 15,600 a year.
Sales and rents for 502 over time
502 has sold twice; 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 502 sits
All 69 2-beds →502 last sold in November 2014 at AED 819 per sqft, in line with what two-beds in Avenue Residence 1 were fetching at the time (AED 802). 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. 502's AED 81,000 is in the lower half 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 5th floor
All 99 units in Avenue Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 3-bed | 1,927 sqft | AED 2.1MAED 2,100,000 · Dec 2024December 2024 | 85,000 /yr | |
| 503 | 1-bed | 811 sqft | AED 725KAED 725,000 · Jun 2018June 2018 | 70,000 /yr | |
| 504 | 2-bed | 1,486 sqft | AED 1.5MAED 1,500,000 · Jun 2026June 2026 | 90,607 /yr | |
| 505 | 2-bed | 1,304 sqft | AED 1.15MAED 1,150,000 · Feb 2024February 2024 | 55,200 /yr | |
| 506 | 3-bed | 1,557 sqft | AED 1.32MAED 1,318,414 · Nov 2014November 2014 | 99,000 /yr | |
| 507 | 2-bed | 1,442 sqft | AED 1.31MAED 1,310,000 · Dec 2024December 2024 | 92,000 /yr | |
| 508 | 2-bed | 1,295 sqft | AED 1.28MAED 1,275,000 · Apr 2015April 2015 | ||
| 509 | 2-bed | 1,565 sqft | AED 1.25MAED 1,245,083 · Nov 2014November 2014 | 79,000 /yr | |
| 510 | 2-bed | 1,025 sqft | AED 875KAED 875,277 · Nov 2014November 2014 | 88,000 /yr |
502, Avenue Residence 1 in numbers
- Sold twice: first on 29 September 2013 for AED 978,772, last on 20 November 2014 for AED 978,772 (AED 819 per sqft).
- Rented since February 2016 on 11 Ejari contracts. The rent fell from AED 110,000 to AED 60,000 in 2021 and recovered to AED 81,000 by November 2025.
- At AED 81,000 a year the gross yield on the 2014 price is 8.3%, before a service charge of about AED 15,600 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 5 November 2025.
Questions about 502, Avenue Residence 1
What did unit 502 last sell for?
AED 978,772 on 20 November 2014: AED 819 per sqft for 1,195 sqft. The unit has 2 registered sales; the first was AED 978,772 in September 2013.
What is the rent for unit 502?
AED 81,000 a year on the contract renewed on 5 November 2025. The previous contract, from November 2024, was AED 77,175; the unit has been rented since February 2016.
How big is unit 502?
1,195 sqft (111.0 sqm): a two-bedroom apartment on the 5th floor of a 10-storey tower completed in 2014.
What is unit 502 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.
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Mortgage on 502, Avenue Residence 1
Starts from the last sale price (AED 979K, 20 November 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 978,772
- Deposit, UAE resident (20%)
- AED 195,754
- Deposit, non-resident (40%)
- AED 391,509
- Monthly over 25 years at 3.7%
- AED 4,004
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →