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2-bed · 1,324 sqftAvenue Residence 2, Al Furjan · 4th floor · completed 2015

405, Avenue Residence 2

Sold prices and rental history: sold twice, last in December 2021, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 405 · DLD and Ejari recordsUpdated 6 December 2021
Last soldAED 1.08M6 December 2021
Current rentAED 66K /yr1 August 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 405, Avenue Residence 2

What is 405 worth today?

Last sold for AED 1,075,000 in 2021

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6 Dec 2021SoldReady
AED 1,075,000AED 811 per sqft
1 Aug 2020RentedRenewal
AED 66,000/yr12 months · AED 50 per sqft
1 Aug 2019RentedNew contract
AED 73,000/yr12 months · AED 55 per sqft
15 May 2018RentedRenewal
AED 100,000/yr12 months · AED 76 per sqft
15 May 2017RentedNew contract
AED 100,000/yr12 months · AED 76 per sqft
23 Apr 2015Sold by developerOff-plan
AED 1,203,520AED 908 per sqft

Source: Dubai Land Department. Updated 6 December 2021.

Key facts

Type
2-bed apartment
Size
1,324 sqft
Floor
4th of 10
Parking
G-48
Developer
Nabni Real Estate Development
Completed
2015
Service charge
AED 16,100 /yr
Last sold
AED 1.08M · December 2021
Building
Avenue Residence 2

About 405, Avenue Residence 2

405 is a two-bedroom apartment of 1,324 sqft on the 4th floor of Avenue Residence 2, a 10-storey tower in Al Furjan completed in 2015 by Nabni Real Estate Development. It last sold on 6 December 2021 for AED 1,075,000, or AED 811 per sqft.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, renewed on 1 August 2020, is AED 66,000 a year: a gross yield of 6.1% on the 2021 price, before the service charge of about AED 16,100 a year.

Sales and rents for 405 over time

Sales
Unit 405, each saleTypical two-bed in Avenue Residence 2
1.1M1.2M1.3M2015201820212024Typical sale price by year: 2015 AED 1,145,500; 2016 AED 1,075,000; 2017 AED 1,105,453; 2022 AED 1,070,000; 2023 AED 1,285,000; 2024 AED 1,280,000Sold by developer, April 2015: AED 1,203,520 (AED 908 per sqft)Sold, December 2021: AED 1,075,000 (AED 811 per sqft)

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

Rents
Unit 405, each contractTypical two-bed in Avenue Residence 2
60K80K100K2017202020232026Typical rent by year: 2017 AED 90,000; 2018 AED 85,000; 2019 AED 75,000; 2020 AED 65,000; 2021 AED 60,000; 2022 AED 70,000; 2023 AED 76,250; 2024 AED 85,000; 2025 AED 93,500; 2026 AED 90,000New contract, May 2017: AED 100,000 a yearRenewal, May 2018: AED 100,000 a yearNew contract, August 2019: AED 73,000 a yearRenewal, August 2020: AED 66,000 a year

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 405 sits

All 53 2-beds →

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. 405's AED 66,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
25 Dec 20251,550,000
28 May 20251,650,000
3 Oct 20241,400,000
5 Jun 20241,200,000
1 2-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 4th floor

All 95 units in Avenue Residence 2
Value
4013-bedAED 2.05M · Dec 2024
4022-bedAED 947K · Aug 2022
4031-bedAED 990K · Nov 2024
4042-bedAED 1.07M · Feb 2022
4062-bedAED 1.2M · Sep 2023
4071-bedAED 675K · Feb 2022
4081-bedAED 1.17M · Apr 2026
1–7 of 9

405, Avenue Residence 2 in numbers

  • Sold twice: first on 23 April 2015 for AED 1,203,520, last on 6 December 2021 for AED 1,075,000 (AED 811 per sqft).
  • Rented since May 2017 on 4 Ejari contracts, from AED 100,000 to AED 66,000 a year.
  • At AED 66,000 a year the gross yield on the 2021 price is 6.1%, before a service charge of about AED 16,100 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 6 December 2021.

Questions about 405, Avenue Residence 2

What did unit 405 last sell for?

AED 1,075,000 on 6 December 2021: AED 811 per sqft for 1,324 sqft. The unit has 2 registered sales; the first was AED 1,203,520 in April 2015.

What is the rent for unit 405?

AED 66,000 a year on the contract renewed on 1 August 2020. The previous contract, from August 2019, was AED 73,000; the unit has been rented since May 2017.

How big is unit 405?

1,324 sqft (123.0 sqm): a two-bedroom apartment on the 4th floor of a 10-storey tower completed in 2015.

What is unit 405 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 405, Avenue Residence 2

Starts from the last sale price (AED 1.08M, 6 December 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,075,000
Deposit, UAE resident (20%)
AED 215,000
Deposit, non-resident (40%)
AED 430,000
Monthly over 25 years at 3.7%
AED 4,398

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