409, Avenue Residence 2
Sold prices and rental history: sold twice, last in April 2023, 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 409, Avenue Residence 2
What is 409 worth today?
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Source: Dubai Land Department. Updated 13 April 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 2,018 sqft
- Floor
- 4th of 10
- Parking
- G-44, G-45
- Developer
- Nabni Real Estate Development
- Completed
- 2015
- Service charge
- AED 24,600 /yr
- Last sold
- AED 1.47M · April 2023
- Building
- Avenue Residence 2
About 409, Avenue Residence 2
409 is a three-bedroom apartment of 2,018 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 13 April 2023 for AED 1,465,000, or AED 725 per sqft, in line with the AED 730 three-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 5 December 2022, is AED 88,000 a year: a gross yield of 6.0% on the 2023 price, before the service charge of about AED 24,600 a year.
Sales and rents for 409 over time
409 has sold twice; the dashed line is the three-bed median of each year in the building.
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 409 sits
All 20 3-beds →409 last sold in April 2023 at AED 725 per sqft, in line with what three-beds in Avenue Residence 2 were fetching at the time (AED 730). 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. 409's AED 88,000 is at the bottom of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 Apr 202627 April 2026 | 2,019 sqft | 2,600,000 | 1,287 | ||
| 19 Feb 202519 February 2025 | 2,022 sqft | 2,050,000 | 1,014 | ||
| 23 Jan 202523 January 2025 | 2,019 sqft | 2,150,000 | 1,064 | ||
| 20 Dec 202420 December 2024 | 1,957 sqft | 2,050,000 | 1,047 |
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 4th floor
All 95 units in Avenue Residence 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 3-bed | 1,957 sqft | AED 2.05MAED 2,050,000 · Dec 2024December 2024 | 85,000 /yr | |
| 402 | 2-bed | 1,104 sqft | AED 947KAED 947,000 · Aug 2022August 2022 | 70,000 /yr | |
| 403 | 1-bed | 835 sqft | AED 990KAED 990,000 · Nov 2024November 2024 | 78,000 /yr | |
| 404 | 2-bed | 1,397 sqft | AED 1.07MAED 1,070,000 · Feb 2022February 2022 | 66,000 /yr | |
| 405 | 2-bed | 1,324 sqft | AED 1.08MAED 1,075,000 · Dec 2021December 2021 | 66,000 /yr | |
| 406 | 2-bed | 1,226 sqft | AED 1.2MAED 1,200,000 · Sep 2023September 2023 | 96,000 /yr | |
| 407 | 1-bed | 934 sqft | AED 675KAED 675,000 · Feb 2022February 2022 | 80,000 /yr | |
| 408 | 1-bed | 881 sqft | AED 1.17MAED 1,170,000 · Apr 2026April 2026 | 47,300 /yr | |
| 410 | 2-bed | 1,142 sqft | AED 1.2MAED 1,200,000 · Mar 2024March 2024 | 95,000 /yr |
409, Avenue Residence 2 in numbers
- Sold twice: first on 23 April 2015 for AED 1,842,420, last on 13 April 2023 for AED 1,465,000 (AED 725 per sqft).
- Rented since June 2017 on 6 Ejari contracts. The rent fell from AED 130,000 to AED 75,000 in 2020 and recovered to AED 88,000 by December 2022.
- At AED 88,000 a year the gross yield on the 2023 price is 6.0%, before a service charge of about AED 24,600 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 13 April 2023.
Questions about 409, Avenue Residence 2
What did unit 409 last sell for?
AED 1,465,000 on 13 April 2023: AED 725 per sqft for 2,018 sqft. The unit has 2 registered sales; the first was AED 1,842,420 in April 2015.
What is the rent for unit 409?
AED 88,000 a year on the contract renewed on 5 December 2022. The previous contract, from December 2021, was AED 80,000; the unit has been rented since June 2017.
How big is unit 409?
2,018 sqft (187.5 sqm): a three-bedroom apartment on the 4th floor of a 10-storey tower completed in 2015.
What is unit 409 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 409, Avenue Residence 2
Starts from the last sale price (AED 1.47M, 13 April 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,465,000
- Deposit, UAE resident (20%)
- AED 293,000
- Deposit, non-resident (40%)
- AED 586,000
- Monthly over 25 years at 3.7%
- AED 5,994
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →