2-bed · 1,104 sqftAvenue Residence 2, Al Furjan · 8th floor · completed 2015

802, Avenue Residence 2

Sold prices and rental history: sold once, by the developer in June 2015, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 802 · DLD and Ejari recordsUpdated 19 August 2021
Last soldAED 1.09M14 June 2015
Current rentAED 60K /yr19 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 802, Avenue Residence 2

What is 802 worth today?

Last sold for AED 1,085,622 in 2015

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19 Aug 2021RentedRenewal
AED 60,000/yr12 months · AED 54 per sqft
19 Aug 2020RentedRenewal
AED 60,000/yr12 months · AED 54 per sqft
19 Aug 2019RentedRenewal
AED 74,000/yr12 months · AED 67 per sqft
19 Aug 2018RentedNew contract
AED 82,500/yr12 months · AED 75 per sqft
14 Jun 2015Sold by developerOff-plan
AED 1,085,622AED 983 per sqft

Source: Dubai Land Department. Updated 19 August 2021.

Key facts

Type
2-bed apartment
Size
1,104 sqft
Floor
8th of 10
Parking
P-70
Developer
Nabni Real Estate Development
Completed
2015
Service charge
AED 13,400 /yr
Last sold
AED 1.09M · June 2015

About 802, Avenue Residence 2

802 is a two-bedroom apartment of 1,104 sqft on the 8th 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 14 June 2015 for AED 1,085,622, or AED 983 per sqft, in line with the AED 973 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, renewed on 19 August 2021, is AED 60,000 a year: a gross yield of 5.5% on the 2015 price, before the service charge of about AED 13,400 a year.

Sales and rents for 802 over time

Sales
Unit 802, each saleTypical two-bed in Avenue Residence 2
1.1M1.2M1.3M2015201820212024Typical sale price by year: 2015 AED 1,145,500; 2016 AED 1,075,000; 2017 AED 1,105,453; 2022 AED 1,070,000; 2023 AED 1,285,000; 2024 AED 1,280,000Sold by developer, June 2015: AED 1,085,622 (AED 983 per sqft)

802 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 802, each contractTypical two-bed in Avenue Residence 2
60K80K2017202020232026Typical rent by year: 2017 AED 90,000; 2018 AED 85,000; 2019 AED 75,000; 2020 AED 65,000; 2021 AED 60,000; 2022 AED 70,000; 2023 AED 76,250; 2024 AED 85,000; 2025 AED 93,500; 2026 AED 90,000New contract, August 2018: AED 82,500 a yearRenewal, August 2019: AED 74,000 a yearRenewal, August 2020: AED 60,000 a yearRenewal, August 2021: AED 60,000 a year

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 802 sits

All 53 2-beds →

802 last sold in June 2015 at AED 983 per sqft, in line with what two-beds in Avenue Residence 2 were fetching at the time (AED 973). 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. 802's AED 60,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
25 Dec 20251,550,000
28 May 20251,650,000
3 Oct 20241,400,000
5 Jun 20241,200,000
1 2-bed sale in the last 12 months

Avenue Residence 2

Building

95 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%
Avenue Residence 2, Al Furjan: prices, sales and rents →

Other units on the 8th floor

All 95 units in Avenue Residence 2
Value
8013-bedAED 1.86M · Jul 2015
8031-bedAED 670K · Jan 2023
8042-bedAED 1M · Mar 2017
8052-bedAED 1.6M · Feb 2024
8062-bedAED 881K · Mar 2017
8072-bedAED 1.59M · May 2016
8083-bedAED 1.59M · May 2023
1–7 of 8

802, Avenue Residence 2 in numbers

  • Sold once: by Nabni Real Estate Development on 14 June 2015 for AED 1,085,622, or AED 983 per sqft.
  • Rented since August 2018 on 4 Ejari contracts, from AED 82,500 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2015 price is 5.5%, before a service charge of about AED 13,400 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 19 August 2021.

Questions about 802, Avenue Residence 2

What did unit 802 last sell for?

AED 1,085,622 on 14 June 2015, sold by the developer: AED 983 per sqft for 1,104 sqft. It is the only registered sale of the unit.

What is the rent for unit 802?

AED 60,000 a year on the contract renewed on 19 August 2021. The previous contract, from August 2020, was AED 60,000; the unit has been rented since August 2018.

How big is unit 802?

1,104 sqft (102.6 sqm): a two-bedroom apartment on the 8th floor of a 10-storey tower completed in 2015.

What is unit 802 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 802, Avenue Residence 2

Starts from the last sale price (AED 1.09M, 14 June 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,085,622
Deposit, UAE resident (20%)
AED 217,124
Deposit, non-resident (40%)
AED 434,249
Monthly over 25 years at 3.7%
AED 4,442

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →