506, Avenue Residence 2
Sold prices and rental history: sold twice, last in November 2021, 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 506, Avenue Residence 2
What is 506 worth today?
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Source: Dubai Land Department. Updated 18 May 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,228 sqft
- Floor
- 5th of 10
- Parking
- P-7
- Developer
- Nabni Real Estate Development
- Completed
- 2015
- Service charge
- AED 15,000 /yr
- Last sold
- AED 950K · November 2021
- Building
- Avenue Residence 2
About 506, Avenue Residence 2
506 is a two-bedroom apartment of 1,228 sqft on the 5th floor of Avenue Residence 2, a 10-storey tower in Al Furjan completed in 2015 by Nabni Real Estate Development. It last sold on 24 November 2021 for AED 950,000, or AED 773 per sqft.
It has been rented continuously since 2017 on 10 Ejari contracts. The current contract, renewed on 18 May 2026, is AED 75,900 a year: a gross yield of 8.0% on the 2021 price, before the service charge of about AED 15,000 a year.
Sales and rents for 506 over time
506 has sold twice; 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 506 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. 506's AED 75,900 is in the lower 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 | ||
| 505 | 2-bed | 1,324 sqft | AED 1.29MAED 1,291,924 · Jul 2015July 2015 | 90,000 /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 |
506, Avenue Residence 2 in numbers
- Sold twice: first on 26 March 2017 for AED 881,279, last on 24 November 2021 for AED 950,000 (AED 773 per sqft).
- Rented since June 2017 on 10 Ejari contracts. The rent fell from AED 90,000 to AED 60,000 in 2023 and recovered to AED 75,900 by May 2026.
- At AED 75,900 a year the gross yield on the 2021 price is 8.0%, before a service charge of about AED 15,000 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 18 May 2026.
Questions about 506, Avenue Residence 2
What did unit 506 last sell for?
AED 950,000 on 24 November 2021: AED 773 per sqft for 1,228 sqft. The unit has 2 registered sales; the first was AED 881,279 in March 2017.
What is the rent for unit 506?
AED 75,900 a year on the contract renewed on 18 May 2026. The previous contract, from May 2025, was AED 69,000; the unit has been rented since June 2017.
How big is unit 506?
1,228 sqft (114.1 sqm): a two-bedroom apartment on the 5th floor of a 10-storey tower completed in 2015.
What is unit 506 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 506, Avenue Residence 2
Starts from the last sale price (AED 950K, 24 November 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 950,000
- Deposit, UAE resident (20%)
- AED 190,000
- Deposit, non-resident (40%)
- AED 380,000
- Monthly over 25 years at 3.7%
- AED 3,887
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →