508, Avenue Residence 2
Sold prices and rental history: sold once, by the developer in March 2015, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Avenue Residence 2
What is 508 worth today?
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Source: Dubai Land Department. Updated 1 May 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 881 sqft
- Floor
- 5th of 10
- Parking
- P-9
- Developer
- Nabni Real Estate Development
- Completed
- 2015
- Service charge
- AED 10,700 /yr
- Last sold
- AED 923K · March 2015
- Building
- Avenue Residence 2
About 508, Avenue Residence 2
508 is a one-bedroom apartment of 881 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 7 March 2015 for AED 923,416, or AED 1,047 per sqft, in line with the AED 1,051 one-beds in the building were fetching at the time.
It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 1 May 2024, is AED 50,000 a year: a gross yield of 5.4% on the 2015 price, before the service charge of about AED 10,700 a year.
Sales and rents for 508 over time
508 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Avenue Residence 2, and where 508 sits
All 22 1-beds →508 last sold in March 2015 at AED 1,047 per sqft, in line with what one-beds in Avenue Residence 2 were fetching at the time (AED 1,051). Over the last 12 months one-beds sold for AED 1,030,000 to 1,300,000, around AED 1,327 per sqft, and rent for AED 60,000 to 78,000 a year. 508's AED 50,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 30 Apr 202630 April 2026 | 881 sqft | 1,170,000 | 1,327 | ||
| 2 Feb 20262 February 2026 | 835 sqft | 1,300,000 | 1,556 | ||
| 20 Jan 202620 January 2026 | 881 sqft | 1,030,000 | 1,168 | ||
| 15 May 202515 May 2025 | 833 sqft | 1,050,000 | 1,260 |
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 | |
| 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 | |
| 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 |
508, Avenue Residence 2 in numbers
- Sold once: by Nabni Real Estate Development on 7 March 2015 for AED 923,416, or AED 1,047 per sqft.
- Rented since May 2023 on 2 Ejari contracts, from AED 48,500 to AED 50,000 a year.
- At AED 50,000 a year the gross yield on the 2015 price is 5.4%, before a service charge of about AED 10,700 a year (AED 12.18 per sqft).
- One-beds in Avenue Residence 2 sold for AED 1,030,000–1,300,000 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 1 May 2024.
Questions about 508, Avenue Residence 2
What did unit 508 last sell for?
AED 923,416 on 7 March 2015, sold by the developer: AED 1,047 per sqft for 881 sqft. It is the only registered sale of the unit.
What is the rent for unit 508?
AED 50,000 a year on the contract renewed on 1 May 2024. The previous contract, from May 2023, was AED 48,500.
How big is unit 508?
881 sqft (81.8 sqm): a one-bedroom apartment on the 5th floor of a 10-storey tower completed in 2015.
What is unit 508 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Avenue Residence 2 sold for AED 1,030,000 to 1,300,000 in the last 12 months, around AED 1,327 per sqft.
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Mortgage on 508, Avenue Residence 2
Starts from the last sale price (AED 923K, 7 March 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 923,416
- Deposit, UAE resident (20%)
- AED 184,683
- Deposit, non-resident (40%)
- AED 369,366
- Monthly over 25 years at 3.7%
- AED 3,778
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →