704, Avenue Residence 1
Sold prices and rental history: sold 3 times, last in September 2022, 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 704, Avenue Residence 1
What is 704 worth today?
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Source: Dubai Land Department. Updated 21 September 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,480 sqft
- Floor
- 7th of 10
- Parking
- P-28, P-29
- Developer
- Nabni Real Estate Development
- Completed
- 2014
- Service charge
- AED 19,300 /yr
- Last sold
- AED 500K · September 2022
- Building
- Avenue Residence 1
About 704, Avenue Residence 1
704 is a two-bedroom apartment of 1,480 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 21 September 2022 for AED 500,000, or AED 337 per sqft, 40% below the AED 566 two-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, signed on 26 August 2021, is AED 60,000 a year: a gross yield of 12.0% on the 2022 price, before the service charge of about AED 19,300 a year.
Sales and rents for 704 over time
704 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 704 sits
All 69 2-beds →704 last sold in September 2022 at AED 337 per sqft, 40% below what two-beds in Avenue Residence 1 were fetching at the time (AED 566). 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. 704's AED 60,000 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 | |
| 702 | 2-bed | 1,191 sqft | AED 969KAED 969,219 · Oct 2014October 2014 | 55,000 /yr | |
| 703 | 1-bed | 811 sqft | AED 710KAED 710,000 · May 2023May 2023 | 45,000 /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 |
704, Avenue Residence 1 in numbers
- Sold 3 times: first on 15 September 2013 for AED 1,160,998, last on 21 September 2022 for AED 500,000 (AED 337 per sqft).
- Rented since February 2015 on 7 Ejari contracts, from AED 110,000 to AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2022 price is 12.0%, before a service charge of about AED 19,300 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 21 September 2022.
Questions about 704, Avenue Residence 1
What did unit 704 last sell for?
AED 500,000 on 21 September 2022: AED 337 per sqft for 1,480 sqft. The unit has 3 registered sales; the first was AED 1,160,998 in September 2013.
What is the rent for unit 704?
AED 60,000 a year on the contract signed on 26 August 2021. The previous contract, from June 2020, was AED 75,000; the unit has been rented since February 2015.
How big is unit 704?
1,480 sqft (137.5 sqm): a two-bedroom apartment on the 7th floor of a 10-storey tower completed in 2014.
What is unit 704 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 704, Avenue Residence 1
Starts from the last sale price (AED 500K, 21 September 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 500,000
- Deposit, UAE resident (20%)
- AED 100,000
- Deposit, non-resident (40%)
- AED 200,000
- Monthly over 25 years at 3.7%
- AED 2,046
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →