2-bed · 1,397 sqftAvenue Residence 2, Al Furjan · 5th floor · completed 2015

504, Avenue Residence 2

Sold prices and rental history: sold once, by the developer in May 2017, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 504 · DLD and Ejari recordsUpdated 11 May 2017
Last soldAED 1.33M11 May 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 504, Avenue Residence 2

What is 504 worth today?

Last sold for AED 1,327,373 in 2017

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11 May 2017Sold by developerReady
AED 1,327,373AED 950 per sqft

Source: Dubai Land Department. Updated 11 May 2017.

Key facts

Type
2-bed apartment
Size
1,397 sqft
Floor
5th of 10
Parking
P-5, P-84
Developer
Nabni Real Estate Development
Completed
2015
Service charge
AED 17,000 /yr
Last sold
AED 1.33M · May 2017

About 504, Avenue Residence 2

504 is a two-bedroom apartment of 1,397 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 11 May 2017 for AED 1,327,373, or AED 950 per sqft, 32% above the AED 718 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 504 over time

Sales
Unit 504, each saleTypical two-bed in Avenue Residence 2
1.2M2015201820212024Typical 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, May 2017: AED 1,327,373 (AED 950 per sqft)

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

Rents
Unit 504, each contractTypical two-bed in Avenue Residence 2
60K80K2017202020232026Typical 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 90,000

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 504 sits

All 53 2-beds →

504 last sold in May 2017 at AED 950 per sqft, 32% above what two-beds in Avenue Residence 2 were fetching at the time (AED 718). 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.

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 5th floor

All 95 units in Avenue Residence 2
Value
5013-bedAED 1.92M · Sep 2015
5022-bedAED 1.13M · May 2017
5031-bedAED 670K · Jan 2023
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

504, Avenue Residence 2 in numbers

  • Sold once: by Nabni Real Estate Development on 11 May 2017 for AED 1,327,373, or AED 950 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 11 May 2017.

Questions about 504, Avenue Residence 2

What did unit 504 last sell for?

AED 1,327,373 on 11 May 2017, sold by the developer: AED 950 per sqft for 1,397 sqft. It is the only registered sale of the unit.

How big is unit 504?

1,397 sqft (129.8 sqm): a two-bedroom apartment on the 5th floor of a 10-storey tower completed in 2015.

What is unit 504 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 504, Avenue Residence 2

Starts from the last sale price (AED 1.33M, 11 May 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,327,373
Deposit, UAE resident (20%)
AED 265,475
Deposit, non-resident (40%)
AED 530,949
Monthly over 25 years at 3.7%
AED 5,431

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