3-bed · 1,955 sqftAvenue Residence 2, Al Furjan · 2nd floor · completed 2015

201, Avenue Residence 2

Sold prices and rental history: sold twice, last in October 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 201 · DLD and Ejari recordsUpdated 9 October 2024
Last soldAED 1.83M9 October 2024
Current rentAED 140K /yr1 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 201, Avenue Residence 2

What is 201 worth today?

Last sold for AED 1,825,000 in 2024

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9 Oct 2024SoldReady
AED 1,825,000AED 933 per sqft
1 Sep 2023RentedNew contract
AED 140,000/yr12 months · AED 71 per sqft
20 Jun 2022RentedRenewal
AED 82,500/yr12 months · AED 42 per sqft
20 Jun 2021RentedRenewal
AED 75,000/yr12 months · AED 38 per sqft
20 Jun 2020RentedNew contract
AED 75,000/yr12 months · AED 38 per sqft
20 Apr 2018RentedNew contract
AED 120,000/yr12 months · AED 61 per sqft
17 Aug 2016Sold by developerOff-plan
AED 906,395AED 463 per sqft

Source: Dubai Land Department. Updated 9 October 2024.

Key facts

Type
3-bed apartment
Size
1,955 sqft
Floor
2nd of 10
Parking
G-15, G-16
Developer
Nabni Real Estate Development
Completed
2015
Service charge
AED 23,800 /yr
Last sold
AED 1.83M · October 2024

About 201, Avenue Residence 2

201 is a three-bedroom apartment of 1,955 sqft on the 2nd floor of Avenue Residence 2, a 10-storey tower in Al Furjan completed in 2015 by Nabni Real Estate Development. It last sold on 9 October 2024 for AED 1,825,000, or AED 933 per sqft, 5% above the AED 888 three-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 1 September 2023, is AED 140,000 a year: a gross yield of 7.7% on the 2024 price, before the service charge of about AED 23,800 a year.

Sales and rents for 201 over time

Sales
Unit 201, each saleTypical three-bed in Avenue Residence 2
1M1.5M2M2015201820212024Typical sale price by year: 2015 AED 1,873,211; 2016 AED 936,824; 2017 AED 1,800,000; 2022 AED 1,480,000; 2023 AED 1,465,000; 2024 AED 1,825,000Sold by developer, August 2016: AED 906,395 (AED 463 per sqft)Sold, October 2024: AED 1,825,000 (AED 933 per sqft)

201 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 201, each contractTypical three-bed in Avenue Residence 2
100K150K2017202020232026Typical rent by year: 2017 AED 127,500; 2018 AED 117,500; 2019 AED 98,750; 2020 AED 85,000; 2021 AED 85,000; 2022 AED 91,850; 2023 AED 110,000; 2024 AED 125,000; 2025 AED 150,000; 2026 AED 150,000New contract, April 2018: AED 120,000 a yearNew contract, June 2020: AED 75,000 a yearRenewal, June 2021: AED 75,000 a yearRenewal, June 2022: AED 82,500 a yearNew contract, September 2023: AED 140,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Avenue Residence 2, and where 201 sits

All 20 3-beds →

201 last sold in October 2024 at AED 933 per sqft, 5% above what three-beds in Avenue Residence 2 were fetching at the time (AED 888). Over the last 12 months three-beds sold for AED 2,600,000, around AED 1,287 per sqft, and rent for AED 135,000 to 175,000 a year. 201's AED 140,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
27 Apr 20262,600,000
19 Feb 20252,050,000
23 Jan 20252,150,000
20 Dec 20242,050,000
1 3-bed sale in the last 12 months

Avenue Residence 2

Building

95 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%
Avenue Residence 2, Al Furjan: prices, sales and rents →

Other units on the 2nd floor

All 95 units in Avenue Residence 2
Value
2022-bedAED 1.3M · May 2017
2031-bedAED 1.05M · May 2025
2042-bedAED 1M · Mar 2017
2052-bedAED 1.33M · Jul 2015
2062-bedAED 881K · Mar 2017
2071-bedAED 964K · Mar 2015
2081-bedAED 905K · Mar 2015
1–7 of 9

201, Avenue Residence 2 in numbers

  • Sold twice: first on 17 August 2016 for AED 906,395, last on 9 October 2024 for AED 1,825,000 (AED 933 per sqft).
  • Rented since April 2018 on 5 Ejari contracts. The rent fell from AED 120,000 to AED 75,000 in 2021 and recovered to AED 140,000 by September 2023.
  • At AED 140,000 a year the gross yield on the 2024 price is 7.7%, before a service charge of about AED 23,800 a year (AED 12.18 per sqft).
  • Three-beds in Avenue Residence 2 sold for AED 2,600,000–2,600,000 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 9 October 2024.

Questions about 201, Avenue Residence 2

What did unit 201 last sell for?

AED 1,825,000 on 9 October 2024: AED 933 per sqft for 1,955 sqft. The unit has 2 registered sales; the first was AED 906,395 in August 2016.

What is the rent for unit 201?

AED 140,000 a year on the contract signed on 1 September 2023. The previous contract, from June 2022, was AED 82,500; the unit has been rented since April 2018.

How big is unit 201?

1,955 sqft (181.6 sqm): a three-bedroom apartment on the 2nd floor of a 10-storey tower completed in 2015.

What is unit 201 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Avenue Residence 2 sold for AED 2,600,000 to 2,600,000 in the last 12 months, around AED 1,287 per sqft.

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Mortgage on 201, Avenue Residence 2

Starts from the last sale price (AED 1.83M, 9 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,825,000
Deposit, UAE resident (20%)
AED 365,000
Deposit, non-resident (40%)
AED 730,000
Monthly over 25 years at 3.7%
AED 7,467

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