505, Avenue Residence 2
Sold prices and rental history: sold once, by the developer in July 2015, 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 505, Avenue Residence 2
What is 505 worth today?
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Source: Dubai Land Department. Updated 25 August 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,324 sqft
- Floor
- 5th of 10
- Parking
- P-6
- Developer
- Nabni Real Estate Development
- Completed
- 2015
- Service charge
- AED 16,100 /yr
- Last sold
- AED 1.29M · July 2015
- Building
- Avenue Residence 2
About 505, Avenue Residence 2
505 is a two-bedroom apartment of 1,324 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 28 July 2015 for AED 1,291,924, or AED 975 per sqft, in line with the AED 983 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, signed on 25 August 2026, is AED 90,000 a year: a gross yield of 7.0% on the 2015 price, before the service charge of about AED 16,100 a year.
Sales and rents for 505 over time
505 has sold once; the dashed line is the two-bed median of each year in the building.
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 505 sits
All 53 2-beds →505 last sold in July 2015 at AED 975 per sqft, in line with what two-beds in Avenue Residence 2 were fetching at the time (AED 983). 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. 505's AED 90,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 25 Dec 202525 December 2025 | 1,324 sqft | 1,550,000 | 1,170 | ||
| 28 May 202528 May 2025 | 1,517 sqft | 1,650,000 | 1,087 | ||
| 3 Oct 20243 October 2024 | 1,397 sqft | 1,400,000 | 1,002 | ||
| 5 Jun 20245 June 2024 | 1,142 sqft | 1,200,000 | 1,051 |
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 5th floor
All 95 units in Avenue Residence 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 3-bed | 1,957 sqft | AED 1.92MAED 1,923,571 · Sep 2015September 2015 | ||
| 502 | 2-bed | 1,104 sqft | AED 1.13MAED 1,130,000 · May 2017May 2017 | 93,500 /yr | |
| 503 | 1-bed | 835 sqft | AED 670KAED 670,000 · Jan 2023January 2023 | 74,000 /yr | |
| 504 | 2-bed | 1,397 sqft | AED 1.33MAED 1,327,373 · May 2017May 2017 | ||
| 506 | 2-bed | 1,228 sqft | AED 950KAED 950,000 · Nov 2021November 2021 | 75,900 /yr | |
| 507 | 1-bed | 934 sqft | AED 983KAED 982,770 · Mar 2015March 2015 | 67,000 /yr | |
| 508 | 1-bed | 881 sqft | AED 923KAED 923,416 · Mar 2015March 2015 | 50,000 /yr | |
| 509 | 3-bed | 2,022 sqft | AED 2.05MAED 2,050,000 · Feb 2025February 2025 | 150,000 /yr | |
| 510 | 2-bed | 1,143 sqft | AED 1.11MAED 1,105,453 · Mar 2017March 2017 | 90,000 /yr |
505, Avenue Residence 2 in numbers
- Sold once: by Nabni Real Estate Development on 28 July 2015 for AED 1,291,924, or AED 975 per sqft.
- Rented since August 2017 on 6 Ejari contracts. The rent fell from AED 97,500 to AED 60,000 in 2020 and recovered to AED 90,000 by August 2026.
- At AED 90,000 a year the gross yield on the 2015 price is 7.0%, 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 25 August 2026.
Questions about 505, Avenue Residence 2
What did unit 505 last sell for?
AED 1,291,924 on 28 July 2015, sold by the developer: AED 975 per sqft for 1,324 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 90,000 a year on the contract signed on 25 August 2026. The previous contract, from October 2022, was AED 65,000; the unit has been rented since August 2017.
How big is unit 505?
1,324 sqft (123.0 sqm): a two-bedroom apartment on the 5th floor of a 10-storey tower completed in 2015.
What is unit 505 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 505, Avenue Residence 2
Starts from the last sale price (AED 1.29M, 28 July 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 1,291,924
- Deposit, UAE resident (20%)
- AED 258,385
- Deposit, non-resident (40%)
- AED 516,770
- Monthly over 25 years at 3.7%
- AED 5,286
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →