505, Avenue Residence 1
Sold prices and rental history: sold 3 times, last in February 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Avenue Residence 1
What is 505 worth today?
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Source: Dubai Land Department. Updated 29 February 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,304 sqft
- Floor
- 5th of 10
- Parking
- G-79
- Developer
- Nabni Real Estate Development
- Completed
- 2014
- Service charge
- AED 17,000 /yr
- Last sold
- AED 1.15M · February 2024
- Building
- Avenue Residence 1
About 505, Avenue Residence 1
505 is a two-bedroom apartment of 1,304 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 29 February 2024 for AED 1,150,000, or AED 882 per sqft, 5% above the AED 839 two-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, renewed on 21 February 2022, is AED 55,200 a year: a gross yield of 4.8% on the 2024 price, before the service charge of about AED 17,000 a year.
Sales and rents for 505 over time
505 has sold 3 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 505 sits
All 69 2-beds →505 last sold in February 2024 at AED 882 per sqft, 5% above what two-beds in Avenue Residence 1 were fetching at the time (AED 839). 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. 505's AED 55,200 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 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 | |
| 502 | 2-bed | 1,195 sqft | AED 979KAED 978,772 · Nov 2014November 2014 | 81,000 /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 | |
| 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 |
505, Avenue Residence 1 in numbers
- Sold 3 times: first on 25 September 2013 for AED 1,058,892, last on 29 February 2024 for AED 1,150,000 (AED 882 per sqft).
- Rented since July 2015 on 5 Ejari contracts. The rent fell from AED 106,000 to AED 48,000 in 2021 and recovered to AED 55,200 by February 2022.
- At AED 55,200 a year the gross yield on the 2024 price is 4.8%, before a service charge of about AED 17,000 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 29 February 2024.
Questions about 505, Avenue Residence 1
What did unit 505 last sell for?
AED 1,150,000 on 29 February 2024: AED 882 per sqft for 1,304 sqft. The unit has 3 registered sales; the first was AED 1,058,892 in September 2013.
What is the rent for unit 505?
AED 55,200 a year on the contract renewed on 21 February 2022. The previous contract, from January 2021, was AED 48,000; the unit has been rented since July 2015.
How big is unit 505?
1,304 sqft (121.1 sqm): a two-bedroom apartment on the 5th floor of a 10-storey tower completed in 2014.
What is unit 505 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 505, Avenue Residence 1
Starts from the last sale price (AED 1.15M, 29 February 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,150,000
- Deposit, UAE resident (20%)
- AED 230,000
- Deposit, non-resident (40%)
- AED 460,000
- Monthly over 25 years at 3.7%
- AED 4,705
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →