707, Avenue Residence 2
Sold prices and rental history: sold twice, last in August 2023, 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 707, Avenue Residence 2
What is 707 worth today?
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Source: Dubai Land Department. Updated 10 January 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,817 sqft
- Floor
- 7th of 10
- Parking
- P-76, P-77
- Developer
- Nabni Real Estate Development
- Completed
- 2015
- Service charge
- AED 22,100 /yr
- Last sold
- AED 1.7M · August 2023
- Building
- Avenue Residence 2
About 707, Avenue Residence 2
707 is a two-bedroom apartment of 1,817 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 21 August 2023 for AED 1,700,000, or AED 935 per sqft, 7% above the AED 876 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, signed on 10 January 2024, is AED 80,146 a year: a gross yield of 4.7% on the 2023 price, before the service charge of about AED 22,100 a year.
Sales and rents for 707 over time
707 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 707 sits
All 53 2-beds →707 last sold in August 2023 at AED 935 per sqft, 7% above what two-beds in Avenue Residence 2 were fetching at the time (AED 876). 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. 707's AED 80,146 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 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 | |
| 704 | 2-bed | 1,397 sqft | AED 1.4MAED 1,400,000 · Oct 2024October 2024 | 85,000 /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 | ||
| 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 |
707, Avenue Residence 2 in numbers
- Sold twice: first on 10 July 2017 for AED 1,590,015, last on 21 August 2023 for AED 1,700,000 (AED 935 per sqft).
- Rented since July 2017 on 7 Ejari contracts. The rent fell from AED 105,000 to AED 67,000 in 2021 and recovered to AED 80,146 by January 2024.
- At AED 80,146 a year the gross yield on the 2023 price is 4.7%, before a service charge of about AED 22,100 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 10 January 2024.
Questions about 707, Avenue Residence 2
What did unit 707 last sell for?
AED 1,700,000 on 21 August 2023: AED 935 per sqft for 1,817 sqft. The unit has 2 registered sales; the first was AED 1,590,015 in July 2017.
What is the rent for unit 707?
AED 80,146 a year on the contract signed on 10 January 2024. The previous contract, from January 2023, was AED 80,000; the unit has been rented since July 2017.
How big is unit 707?
1,817 sqft (168.8 sqm): a two-bedroom apartment on the 7th floor of a 10-storey tower completed in 2015.
What is unit 707 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 707, Avenue Residence 2
Starts from the last sale price (AED 1.7M, 21 August 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,700,000
- Deposit, UAE resident (20%)
- AED 340,000
- Deposit, non-resident (40%)
- AED 680,000
- Monthly over 25 years at 3.7%
- AED 6,955
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →