702, Avenue Residence 1
Sold prices and rental history: sold twice, last in October 2014, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 702, Avenue Residence 1
What is 702 worth today?
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Source: Dubai Land Department. Updated 10 January 2021.
Key facts
- Type
- 2-bed apartment
- Size
- 1,191 sqft
- Floor
- 7th of 10
- Parking
- P-26
- Developer
- Nabni Real Estate Development
- Completed
- 2014
- Service charge
- AED 15,500 /yr
- Last sold
- AED 969K · October 2014
- Building
- Avenue Residence 1
About 702, Avenue Residence 1
702 is a two-bedroom apartment of 1,191 sqft on the 7th 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 October 2014 for AED 969,219, or AED 813 per sqft, in line with the AED 799 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, signed on 10 January 2021, is AED 55,000 a year: a gross yield of 5.7% on the 2014 price, before the service charge of about AED 15,500 a year.
Sales and rents for 702 over time
702 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 702 sits
All 69 2-beds →702 last sold in October 2014 at AED 813 per sqft, in line with what two-beds in Avenue Residence 1 were fetching at the time (AED 799). 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. 702's AED 55,000 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 7th floor
All 99 units in Avenue Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 3-bed | 1,929 sqft | AED 1.66MAED 1,664,984 · Oct 2014October 2014 | 80,000 /yr | |
| 703 | 1-bed | 811 sqft | AED 710KAED 710,000 · May 2023May 2023 | 45,000 /yr | |
| 704 | 2-bed | 1,480 sqft | AED 500KAED 500,000 · Sep 2022September 2022 | 60,000 /yr | |
| 705 | 2-bed | 1,304 sqft | AED 1.21MAED 1,208,477 · Dec 2014December 2014 | 82,000 /yr | |
| 706 | 3-bed | 1,559 sqft | AED 1.29MAED 1,285,165 · Oct 2014October 2014 | 104,500 /yr | |
| 707 | 2-bed | 1,443 sqft | AED 800KAED 800,000 · Feb 2019February 2019 | 100,000 /yr | |
| 708 | 2-bed | 1,297 sqft | AED 1.01MAED 1,006,314 · Oct 2014October 2014 | 85,000 /yr | |
| 709 | 2-bed | 1,537 sqft | AED 1.1MAED 1,100,000 · May 2023May 2023 | 69,300 /yr | |
| 710 | 2-bed | 1,026 sqft | AED 869KAED 868,644 · Oct 2014October 2014 | 76,650 /yr |
702, Avenue Residence 1 in numbers
- Sold twice: first on 29 September 2013 for AED 969,219, last on 20 October 2014 for AED 969,219 (AED 813 per sqft).
- Rented since November 2014 on 5 Ejari contracts, from AED 100,000 to AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2014 price is 5.7%, before a service charge of about AED 15,500 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 10 January 2021.
Questions about 702, Avenue Residence 1
What did unit 702 last sell for?
AED 969,219 on 20 October 2014: AED 813 per sqft for 1,191 sqft. The unit has 2 registered sales; the first was AED 969,219 in September 2013.
What is the rent for unit 702?
AED 55,000 a year on the contract signed on 10 January 2021. The previous contract, from November 2018, was AED 77,500; the unit has been rented since November 2014.
How big is unit 702?
1,191 sqft (110.6 sqm): a two-bedroom apartment on the 7th floor of a 10-storey tower completed in 2014.
What is unit 702 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 702, Avenue Residence 1
Starts from the last sale price (AED 969K, 20 October 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 969,219
- Deposit, UAE resident (20%)
- AED 193,844
- Deposit, non-resident (40%)
- AED 387,688
- Monthly over 25 years at 3.7%
- AED 3,965
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →