3-bed · 1,957 sqftAvenue Residence 2, Al Furjan · 5th floor · completed 2015

501, Avenue Residence 2

Sold prices and rental history: sold once, by the developer in September 2015, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 501 · DLD and Ejari recordsUpdated 8 September 2015
Last soldAED 1.92M8 September 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 501, Avenue Residence 2

What is 501 worth today?

Last sold for AED 1,923,571 in 2015

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8 Sep 2015Sold by developerOff-plan
AED 1,923,571AED 982 per sqft

Source: Dubai Land Department. Updated 8 September 2015.

Key facts

Type
3-bed apartment
Size
1,957 sqft
Floor
5th of 10
Parking
P-1, P-2
Developer
Nabni Real Estate Development
Completed
2015
Service charge
AED 23,800 /yr
Last sold
AED 1.92M · September 2015

About 501, Avenue Residence 2

501 is a three-bedroom apartment of 1,957 sqft on the 5th 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 8 September 2015 for AED 1,923,571, or AED 982 per sqft, in line with the AED 957 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 501 over time

Sales
Unit 501, 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, September 2015: AED 1,923,571 (AED 982 per sqft)

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

Rents
Unit 501, 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 150,000

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 501 sits

All 20 3-beds →

501 last sold in September 2015 at AED 982 per sqft, in line with what three-beds in Avenue Residence 2 were fetching at the time (AED 957). 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.

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 5th floor

All 95 units in Avenue Residence 2
Value
5022-bedAED 1.13M · May 2017
5031-bedAED 670K · Jan 2023
5042-bedAED 1.33M · May 2017
5052-bedAED 1.29M · Jul 2015
5062-bedAED 950K · Nov 2021
5071-bedAED 983K · Mar 2015
5081-bedAED 923K · Mar 2015
1–7 of 9

501, Avenue Residence 2 in numbers

  • Sold once: by Nabni Real Estate Development on 8 September 2015 for AED 1,923,571, or AED 982 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 8 September 2015.

Questions about 501, Avenue Residence 2

What did unit 501 last sell for?

AED 1,923,571 on 8 September 2015, sold by the developer: AED 982 per sqft for 1,957 sqft. It is the only registered sale of the unit.

How big is unit 501?

1,957 sqft (181.8 sqm): a three-bedroom apartment on the 5th floor of a 10-storey tower completed in 2015.

What is unit 501 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 501, Avenue Residence 2

Starts from the last sale price (AED 1.92M, 8 September 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,923,571
Deposit, UAE resident (20%)
AED 384,714
Deposit, non-resident (40%)
AED 769,428
Monthly over 25 years at 3.7%
AED 7,870

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