704, Avenue Residence 2
Sold prices and rental history: sold twice, last in October 2024, and rented once, from January 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 704, Avenue Residence 2
What is 704 worth today?
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Source: Dubai Land Department. Updated 3 October 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,397 sqft
- Floor
- 7th of 10
- Parking
- P-80
- Developer
- Nabni Real Estate Development
- Completed
- 2015
- Service charge
- AED 17,000 /yr
- Last sold
- AED 1.4M · October 2024
- Building
- Avenue Residence 2
About 704, Avenue Residence 2
704 is a two-bedroom apartment of 1,397 sqft on the 7th floor of Avenue Residence 2, a 10-storey tower in Al Furjan completed in 2015 by Nabni Real Estate Development. It last sold on 3 October 2024 for AED 1,400,000, or AED 1,002 per sqft, 4% below the AED 1,046 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 15 January 2023. The current contract, signed on 15 January 2023, is AED 85,000 a year: a gross yield of 6.1% on the 2024 price, before the service charge of about AED 17,000 a year.
Sales and rents for 704 over time
704 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 704 sits
All 53 2-beds →704 last sold in October 2024 at AED 1,002 per sqft, 4% below what two-beds in Avenue Residence 2 were fetching at the time (AED 1,046). 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. 704's AED 85,000 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 | ||
| 5 Jun 20245 June 2024 | 1,142 sqft | 1,200,000 | 1,051 | ||
| 26 Mar 202426 March 2024 | 1,142 sqft | 1,200,000 | 1,050 |
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 7th floor
All 95 units in Avenue Residence 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 3-bed | 1,957 sqft | AED 1.71MAED 1,712,366 · Aug 2017August 2017 | 165,000 /yr | |
| 702 | 2-bed | 1,104 sqft | AED 1.14MAED 1,142,760 · Nov 2016November 2016 | 80,000 /yr | |
| 703 | 1-bed | 835 sqft | AED 817KAED 817,000 · Aug 2016August 2016 | 60,000 /yr | |
| 705 | 2-bed | 1,324 sqft | AED 1.27MAED 1,270,000 · Nov 2023November 2023 | ||
| 706 | 2-bed | 1,227 sqft | AED 1.18MAED 1,183,432 · Nov 2016November 2016 | ||
| 707 | 2-bed | 1,817 sqft | AED 1.7MAED 1,700,000 · Aug 2023August 2023 | 80,146 /yr | |
| 708 | 3-bed | 2,019 sqft | AED 1.7MAED 1,700,000 · Aug 2017August 2017 | ||
| 709 | 2-bed | 1,142 sqft | AED 1.15MAED 1,145,500 · Mar 2015March 2015 | 85,000 /yr |
704, Avenue Residence 2 in numbers
- Sold twice: first on 6 April 2017 for AED 1,287,594, last on 3 October 2024 for AED 1,400,000 (AED 1,002 per sqft).
- Rented since January 2023 on one Ejari contract, at AED 85,000 a year.
- At AED 85,000 a year the gross yield on the 2024 price is 6.1%, before a service charge of about AED 17,000 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 3 October 2024.
Questions about 704, Avenue Residence 2
What did unit 704 last sell for?
AED 1,400,000 on 3 October 2024: AED 1,002 per sqft for 1,397 sqft. The unit has 2 registered sales; the first was AED 1,287,594 in April 2017.
What is the rent for unit 704?
AED 85,000 a year on the contract signed on 15 January 2023.
How big is unit 704?
1,397 sqft (129.8 sqm): a two-bedroom apartment on the 7th floor of a 10-storey tower completed in 2015.
What is unit 704 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 704, Avenue Residence 2
Starts from the last sale price (AED 1.4M, 3 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,400,000
- Deposit, UAE resident (20%)
- AED 280,000
- Deposit, non-resident (40%)
- AED 560,000
- Monthly over 25 years at 3.7%
- AED 5,728
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →