506, Avenue Residence 1
Sold prices and rental history: sold twice, last in November 2014, 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 506, Avenue Residence 1
What is 506 worth today?
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Source: Dubai Land Department. Updated 10 May 2026.
Key facts
- Type
- 3-bed apartment
- Size
- 1,557 sqft
- Floor
- 5th of 10
- Parking
- P-4, P-5
- Developer
- Nabni Real Estate Development
- Completed
- 2014
- Service charge
- AED 20,300 /yr
- Last sold
- AED 1.32M · November 2014
- Building
- Avenue Residence 1
About 506, Avenue Residence 1
506 is a three-bedroom apartment of 1,557 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 9 November 2014 for AED 1,318,414, or AED 846 per sqft, 3% above the AED 821 three-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 11 Ejari contracts. The current contract, renewed on 10 May 2026, is AED 99,000 a year: a gross yield of 7.5% on the 2014 price, before the service charge of about AED 20,300 a year.
Sales and rents for 506 over time
506 has sold twice; the dashed line is the three-bed median of each year in the building.
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 506 sits
All 20 3-beds →506 last sold in November 2014 at AED 846 per sqft, 3% above what three-beds in Avenue Residence 1 were fetching at the time (AED 821). 506's AED 99,000 is in the lower half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Apr 202523 April 2025 | 1,959 sqft | 2,350,000 | 1,199 | ||
| 26 Dec 202426 December 2024 | 1,927 sqft | 2,100,000 | 1,089 | ||
| 24 Oct 202424 October 2024 | 1,927 sqft | 2,050,000 | 1,063 | ||
| 4 Jun 20244 June 2024 | 1,927 sqft | 1,865,000 | 967 |
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 | |
| 505 | 2-bed | 1,304 sqft | AED 1.15MAED 1,150,000 · Feb 2024February 2024 | 55,200 /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 |
506, Avenue Residence 1 in numbers
- Sold twice: first on 22 September 2013 for AED 1,318,414, last on 9 November 2014 for AED 1,318,414 (AED 846 per sqft).
- Rented since February 2015 on 11 Ejari contracts. The rent fell from AED 120,000 to AED 10,000 in 2017 and recovered to AED 99,000 by May 2026.
- At AED 99,000 a year the gross yield on the 2014 price is 7.5%, before a service charge of about AED 20,300 a year (AED 13.05 per sqft).
Source: Dubai Land Department. Updated 10 May 2026.
Questions about 506, Avenue Residence 1
What did unit 506 last sell for?
AED 1,318,414 on 9 November 2014: AED 846 per sqft for 1,557 sqft. The unit has 2 registered sales; the first was AED 1,318,414 in September 2013.
What is the rent for unit 506?
AED 99,000 a year on the contract renewed on 10 May 2026. The previous contract, from May 2025, was AED 90,000; the unit has been rented since February 2015.
How big is unit 506?
1,557 sqft (144.7 sqm): a three-bedroom apartment on the 5th floor of a 10-storey tower completed in 2014.
What is unit 506 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 506, Avenue Residence 1
Starts from the last sale price (AED 1.32M, 9 November 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,318,414
- Deposit, UAE resident (20%)
- AED 263,683
- Deposit, non-resident (40%)
- AED 527,366
- Monthly over 25 years at 3.7%
- AED 5,394
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →