1006, Avenue Residence 2
Sold prices and rental history: sold once, by the developer in March 2017, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1006, Avenue Residence 2
What is 1006 worth today?
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Source: Dubai Land Department. Updated 14 June 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,227 sqft
- Floor
- 10th of 10
- Parking
- P-35
- Developer
- Nabni Real Estate Development
- Completed
- 2015
- Service charge
- AED 14,900 /yr
- Last sold
- AED 881K · March 2017
- Building
- Avenue Residence 2
About 1006, Avenue Residence 2
1006 is a two-bedroom apartment of 1,227 sqft on the 10th floor of Avenue Residence 2, a 10-storey tower in Al Furjan completed in 2015 by Nabni Real Estate Development. The developer sold it on 21 March 2017 for AED 881,279, or AED 718 per sqft, in line with the AED 718 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, renewed on 14 June 2023, is AED 70,000 a year: a gross yield of 7.9% on the 2017 price, before the service charge of about AED 14,900 a year.
Sales and rents for 1006 over time
1006 has sold once; 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 2, and where 1006 sits
All 53 2-beds →1006 last sold in March 2017 at AED 718 per sqft, in line with what two-beds in Avenue Residence 2 were fetching at the time (AED 718). Over the last 12 months two-beds sold for AED 1,550,000, around AED 1,170 per sqft, and rent for AED 48,893 to 122,000 a year. 1006's AED 70,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 25 Dec 202525 December 2025 | 1,324 sqft | 1,550,000 | 1,170 | ||
| 28 May 202528 May 2025 | 1,517 sqft | 1,650,000 | 1,087 | ||
| 3 Oct 20243 October 2024 | 1,397 sqft | 1,400,000 | 1,002 | ||
| 5 Jun 20245 June 2024 | 1,142 sqft | 1,200,000 | 1,051 |
Avenue Residence 2
Building95 apartments, 1-bed to 3-bed over 10 floors in Al Furjan, completed in 2015 by Nabni Real Estate Development. 5 sold in the last 12 months.
- Typical price per sqft
- AED 1,287
- Typical sale
- AED 1.3M
- Typical rent
- AED 89K /yr
- Typical yield
- 5.8%
Other units on the 10th floor
All 95 units in Avenue Residence 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | 3-bed | 1,957 sqft | AED 1.48MAED 1,480,000 · Oct 2021October 2021 | 93,500 /yr | |
| 1002 | 2-bed | 1,104 sqft | AED 1.09MAED 1,085,622 · Oct 2015October 2015 | 85,000 /yr | |
| 1003 | 1-bed | 835 sqft | AED 1.3MAED 1,300,000 · Feb 2026February 2026 | 85,000 /yr | |
| 1004 | 2-bed | 1,397 sqft | AED 1MAED 1,001,462 · Mar 2017March 2017 | 80,483 /yr | |
| 1005 | 2-bed | 1,324 sqft | AED 952KAED 951,944 · Mar 2017March 2017 | 80,850 /yr | |
| 1007 | 2-bed | 1,817 sqft | AED 841KAED 841,266 · Aug 2016August 2016 | 90,000 /yr | |
| 1008 | 3-bed | 2,019 sqft | AED 2.6MAED 2,600,000 · Apr 2026April 2026 | 95,000 /yr | |
| 1009 | 2-bed | 1,143 sqft | AED 844KAED 844,018 · Mar 2017March 2017 | 100,000 /yr |
1006, Avenue Residence 2 in numbers
- Sold once: by Nabni Real Estate Development on 21 March 2017 for AED 881,279, or AED 718 per sqft.
- Rented since June 2017 on 7 Ejari contracts. The rent fell from AED 90,000 to AED 60,000 in 2021 and recovered to AED 70,000 by June 2023.
- At AED 70,000 a year the gross yield on the 2017 price is 7.9%, before a service charge of about AED 14,900 a year (AED 12.18 per sqft).
- Two-beds in Avenue Residence 2 sold for AED 1,550,000–1,550,000 in the 12 months to November 2026; the building's median across all types is AED 1,287 per sqft.
Source: Dubai Land Department. Updated 14 June 2023.
Questions about 1006, Avenue Residence 2
What did unit 1006 last sell for?
AED 881,279 on 21 March 2017, sold by the developer: AED 718 per sqft for 1,227 sqft. It is the only registered sale of the unit.
What is the rent for unit 1006?
AED 70,000 a year on the contract renewed on 14 June 2023. The previous contract, from June 2022, was AED 66,000; the unit has been rented since June 2017.
How big is unit 1006?
1,227 sqft (114.0 sqm): a two-bedroom apartment on the 10th floor of a 10-storey tower completed in 2015.
What is unit 1006 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 2 sold for AED 1,550,000 to 1,550,000 in the last 12 months, around AED 1,170 per sqft.
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Mortgage on 1006, Avenue Residence 2
Starts from the last sale price (AED 881K, 21 March 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 881,279
- Deposit, UAE resident (20%)
- AED 176,256
- Deposit, non-resident (40%)
- AED 352,512
- Monthly over 25 years at 3.7%
- AED 3,606
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →