3-bed · 2,015 sqftAvenue Residence 2, Al Furjan · 3rd floor · completed 2015

309, Avenue Residence 2

Sold prices and rental history: sold twice, last in February 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 309 · DLD and Ejari recordsUpdated 23 February 2023
Last soldAED 1.46M23 February 2023
Current rentAED 98K /yr10 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 309, Avenue Residence 2

What is 309 worth today?

Last sold for AED 1,460,000 in 2023

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23 Feb 2023SoldReady
AED 1,460,000AED 724 per sqft
10 Jul 2022RentedRenewal
AED 98,000/yr12 months · AED 49 per sqft
10 Jul 2021RentedNew contract
AED 93,000/yr12 months · AED 46 per sqft
1 Jan 2021RentedRenewal
AED 95,000/yr6 months · AED 47 per sqft
15 Nov 2020RentedRenewal
AED 95,000/yr2 months · AED 47 per sqft
15 Nov 2019RentedNew contract
AED 95,000/yr12 months · AED 47 per sqft
14 Jan 2018Sold by developerReady
AED 1,650,000AED 818 per sqft

Source: Dubai Land Department. Updated 23 February 2023.

Key facts

Type
3-bed apartment
Size
2,015 sqft
Floor
3rd of 10
Parking
G-58, G-59
Developer
Nabni Real Estate Development
Completed
2015
Service charge
AED 24,500 /yr
Last sold
AED 1.46M · February 2023

About 309, Avenue Residence 2

309 is a three-bedroom apartment of 2,015 sqft on the 3rd floor of Avenue Residence 2, a 10-storey tower in Al Furjan completed in 2015 by Nabni Real Estate Development. It last sold on 23 February 2023 for AED 1,460,000, or AED 724 per sqft, in line with the AED 733 three-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 10 July 2022, is AED 98,000 a year: a gross yield of 6.7% on the 2023 price, before the service charge of about AED 24,500 a year.

Sales and rents for 309 over time

Sales
Unit 309, 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, January 2018: AED 1,650,000 (AED 818 per sqft)Sold, February 2023: AED 1,460,000 (AED 724 per sqft)

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

Rents
Unit 309, 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, November 2019: AED 95,000 a yearRenewal, November 2020: AED 95,000 a yearRenewal, January 2021: AED 95,000 a yearNew contract, July 2021: AED 93,000 a yearRenewal, July 2022: AED 98,000 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 309 sits

All 20 3-beds →

309 last sold in February 2023 at AED 724 per sqft, in line with what three-beds in Avenue Residence 2 were fetching at the time (AED 733). 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. 309's AED 98,000 is at the bottom 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 3rd floor

All 95 units in Avenue Residence 2
Value
3013-bedAED 1.85M · Sep 2017
3022-bedAED 1.08M · Oct 2016
3031-bedAED 820K · Mar 2017
3042-bedAED 1.15M · Jun 2022
3052-bedAED 1.55M · Dec 2025
3062-bedAED 1.28M · Jan 2024
3071-bedAED 886K · Jun 2015
1–7 of 9

309, Avenue Residence 2 in numbers

  • Sold twice: first on 14 January 2018 for AED 1,650,000, last on 23 February 2023 for AED 1,460,000 (AED 724 per sqft).
  • Rented since November 2019 on 5 Ejari contracts, from AED 95,000 to AED 98,000 a year.
  • At AED 98,000 a year the gross yield on the 2023 price is 6.7%, before a service charge of about AED 24,500 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 23 February 2023.

Questions about 309, Avenue Residence 2

What did unit 309 last sell for?

AED 1,460,000 on 23 February 2023: AED 724 per sqft for 2,015 sqft. The unit has 2 registered sales; the first was AED 1,650,000 in January 2018.

What is the rent for unit 309?

AED 98,000 a year on the contract renewed on 10 July 2022. The previous contract, from July 2021, was AED 93,000; the unit has been rented since November 2019.

How big is unit 309?

2,015 sqft (187.2 sqm): a three-bedroom apartment on the 3rd floor of a 10-storey tower completed in 2015.

What is unit 309 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 309, Avenue Residence 2

Starts from the last sale price (AED 1.46M, 23 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,460,000
Deposit, UAE resident (20%)
AED 292,000
Deposit, non-resident (40%)
AED 584,000
Monthly over 25 years at 3.7%
AED 5,973

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