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2-bed · 1,295 sqftAvenue Residence 1, Al Furjan · 5th floor · completed 2014

508, Avenue Residence 1

Sold prices and rental history: sold 3 times, last in April 2015, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 508 · DLD and Ejari recordsUpdated 30 April 2015
Last soldAED 1.28M30 April 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 508, Avenue Residence 1

What is 508 worth today?

Last sold for AED 1,275,000 in 2015

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30 Apr 2015SoldReady
AED 1,275,000AED 984 per sqft
30 Nov 2014SoldReady
AED 1,014,266AED 783 per sqft
17 Oct 2013Sold by developerOff-plan
AED 1,014,266AED 783 per sqft

Source: Dubai Land Department. Updated 30 April 2015.

Key facts

Type
2-bed apartment
Size
1,295 sqft
Floor
5th of 10
Parking
P-6
Developer
Nabni Real Estate Development
Completed
2014
Service charge
AED 16,900 /yr
Last sold
AED 1.28M · April 2015
Building
Avenue Residence 1

About 508, Avenue Residence 1

508 is a two-bedroom apartment of 1,295 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 30 April 2015 for AED 1,275,000, or AED 984 per sqft, 23% above the AED 797 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 508 over time

Sales
Unit 508, each saleTypical two-bed in Avenue Residence 1
1M1.25M1.5M2013201720212025Typical sale price by year: 2013 AED 1,004,165; 2014 AED 1,102,165; 2015 AED 1,300,000; 2016 AED 1,200,000; 2022 AED 980,000; 2023 AED 1,050,000; 2024 AED 1,265,000; 2025 AED 1,440,000; 2026 AED 1,335,000Sold by developer, October 2013: AED 1,014,266 (AED 783 per sqft)Sold, November 2014: AED 1,014,266 (AED 783 per sqft)Sold, April 2015: AED 1,275,000 (AED 984 per sqft)

508 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 508, each contractTypical two-bed in Avenue Residence 1
50K75K100K2014201820222026Typical rent by year: 2014 AED 105,834; 2015 AED 105,000; 2016 AED 105,000; 2017 AED 90,000; 2018 AED 80,000; 2019 AED 73,000; 2020 AED 63,000; 2021 AED 58,000; 2022 AED 65,550; 2023 AED 74,000; 2024 AED 79,000; 2025 AED 90,000; 2026 AED 90,000

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 508 sits

All 69 2-beds →

508 last sold in April 2015 at AED 984 per sqft, 23% above what two-beds in Avenue Residence 1 were fetching at the time (AED 797). 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.

Recent 2-bed salesUnit no.Price (AED)Summary
19 Oct 20261,170,000
8 Jun 20261,500,000
28 Jan 2026692,008
16 Jan 20261,500,000
4 2-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
5013-bedAED 2.1M · Dec 2024
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
1–7 of 9

508, Avenue Residence 1 in numbers

  • Sold 3 times: first on 17 October 2013 for AED 1,014,266, last on 30 April 2015 for AED 1,275,000 (AED 984 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 30 April 2015.

Questions about 508, Avenue Residence 1

What did unit 508 last sell for?

AED 1,275,000 on 30 April 2015: AED 984 per sqft for 1,295 sqft. The unit has 3 registered sales; the first was AED 1,014,266 in October 2013.

How big is unit 508?

1,295 sqft (120.3 sqm): a two-bedroom apartment on the 5th floor of a 10-storey tower completed in 2014.

What is unit 508 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 508, Avenue Residence 1

Starts from the last sale price (AED 1.28M, 30 April 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,275,000
Deposit, UAE resident (20%)
AED 255,000
Deposit, non-resident (40%)
AED 510,000
Monthly over 25 years at 3.7%
AED 5,216

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