703, Avenue Residence 1
Sold prices and rental history: sold 3 times, last in May 2023, 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 703, Avenue Residence 1
What is 703 worth today?
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Source: Dubai Land Department. Updated 23 May 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 811 sqft
- Floor
- 7th of 10
- Parking
- P-27
- Developer
- Nabni Real Estate Development
- Completed
- 2014
- Service charge
- AED 10,600 /yr
- Last sold
- AED 710K · May 2023
- Building
- Avenue Residence 1
About 703, Avenue Residence 1
703 is a one-bedroom apartment of 811 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 23 May 2023 for AED 710,000, or AED 875 per sqft.
It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, renewed on 15 May 2022, is AED 45,000 a year: a gross yield of 6.3% on the 2023 price, before the service charge of about AED 10,600 a year.
Sales and rents for 703 over time
703 has sold 3 times; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Avenue Residence 1, and where 703 sits
All 10 1-beds →Over the last 12 months one-beds sold for AED 1,030,000, around AED 1,270 per sqft, and rent for AED 70,000 to 83,000 a year. 703's AED 45,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Mar 202613 March 2026 | 811 sqft | 1,030,000 | 1,270 | ||
| 28 Jun 202428 June 2024 | 811 sqft | 950,000 | 1,171 | ||
| 8 Sep 20238 September 2023 | 811 sqft | 770,000 | 949 | ||
| 26 Jun 201826 June 2018 | 811 sqft | 725,000 | 894 |
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 | |
| 702 | 2-bed | 1,191 sqft | AED 969KAED 969,219 · Oct 2014October 2014 | 55,000 /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 |
703, Avenue Residence 1 in numbers
- Sold 3 times: first on 6 October 2013 for AED 665,437, last on 23 May 2023 for AED 710,000 (AED 875 per sqft).
- Rented since December 2014 on 8 Ejari contracts. The rent fell from AED 75,000 to AED 40,000 in 2021 and recovered to AED 45,000 by May 2022.
- At AED 45,000 a year the gross yield on the 2023 price is 6.3%, before a service charge of about AED 10,600 a year (AED 13.05 per sqft).
- One-beds in Avenue Residence 1 sold for AED 1,030,000–1,030,000 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 23 May 2023.
Questions about 703, Avenue Residence 1
What did unit 703 last sell for?
AED 710,000 on 23 May 2023: AED 875 per sqft for 811 sqft. The unit has 3 registered sales; the first was AED 665,437 in October 2013.
What is the rent for unit 703?
AED 45,000 a year on the contract renewed on 15 May 2022. The previous contract, from May 2021, was AED 40,000; the unit has been rented since December 2014.
How big is unit 703?
811 sqft (75.3 sqm): a one-bedroom apartment on the 7th floor of a 10-storey tower completed in 2014.
What is unit 703 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Avenue Residence 1 sold for AED 1,030,000 to 1,030,000 in the last 12 months, around AED 1,270 per sqft.
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Mortgage on 703, Avenue Residence 1
Starts from the last sale price (AED 710K, 23 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 710,000
- Deposit, UAE resident (20%)
- AED 142,000
- Deposit, non-resident (40%)
- AED 284,000
- Monthly over 25 years at 3.7%
- AED 2,905
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →