2-bed · 1,324 sqftAvenue Residence 2, Al Furjan · 8th floor · completed 2015

805, Avenue Residence 2

Sold prices and rental history: sold twice, last in February 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 805 · DLD and Ejari recordsUpdated 9 February 2024
Last soldAED 1.6M9 February 2024
Current rentAED 72K /yr1 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 805, Avenue Residence 2

What is 805 worth today?

Last sold for AED 1,600,000 in 2024

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9 Feb 2024SoldReady
AED 1,600,000AED 1,208 per sqft
1 Sep 2023RentedRenewal
AED 71,610/yr12 months · AED 54 per sqft
1 Sep 2022RentedRenewal
AED 68,200/yr12 months · AED 52 per sqft
1 Sep 2021RentedRenewal
AED 62,000/yr12 months · AED 47 per sqft
1 Aug 2020RentedNew contract
AED 67,000/yr13 months · AED 51 per sqft
15 Apr 2019RentedRenewal
AED 82,000/yr12 months · AED 62 per sqft
15 Apr 2018RentedNew contract
AED 88,000/yr12 months · AED 66 per sqft
15 Apr 2017RentedNew contract
AED 110,000/yr12 months · AED 83 per sqft

Source: Dubai Land Department. Updated 9 February 2024.

Key facts

Type
2-bed apartment
Size
1,324 sqft
Floor
8th of 10
Parking
P-67
Developer
Nabni Real Estate Development
Completed
2015
Service charge
AED 16,100 /yr
Last sold
AED 1.6M · February 2024

About 805, Avenue Residence 2

805 is a two-bedroom apartment of 1,324 sqft on the 8th floor of Avenue Residence 2, a 10-storey tower in Al Furjan completed in 2015 by Nabni Real Estate Development. It last sold on 9 February 2024 for AED 1,600,000, or AED 1,208 per sqft, 25% above the AED 969 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, renewed on 1 September 2023, is AED 71,610 a year: a gross yield of 4.5% on the 2024 price, before the service charge of about AED 16,100 a year.

Sales and rents for 805 over time

Sales
Unit 805, each saleTypical two-bed in Avenue Residence 2
1M1.25M1.5M2015201820212024Typical 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 1,305,523 (AED 985 per sqft)Sold, February 2024: AED 1,600,000 (AED 1,208 per sqft)

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

Rents
Unit 805, each contractTypical two-bed in Avenue Residence 2
75K100K2017202020232026Typical 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, April 2017: AED 110,000 a yearNew contract, April 2018: AED 88,000 a yearRenewal, April 2019: AED 82,000 a yearNew contract, August 2020: AED 67,000 a yearRenewal, September 2021: AED 62,000 a yearRenewal, September 2022: AED 68,200 a yearRenewal, September 2023: AED 71,610 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 805 sits

All 53 2-beds →

805 last sold in February 2024 at AED 1,208 per sqft, 25% above what two-beds in Avenue Residence 2 were fetching at the time (AED 969). 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. 805's AED 71,610 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
8022-bedAED 1.09M · Jun 2015
8031-bedAED 670K · Jan 2023
8042-bedAED 1M · Mar 2017
8062-bedAED 881K · Mar 2017
8072-bedAED 1.59M · May 2016
8083-bedAED 1.59M · May 2023
1–7 of 8

805, Avenue Residence 2 in numbers

  • Sold twice: first on 3 June 2015 for AED 1,305,523, last on 9 February 2024 for AED 1,600,000 (AED 1,208 per sqft).
  • Rented since April 2017 on 7 Ejari contracts. The rent fell from AED 110,000 to AED 62,000 in 2021 and recovered to AED 71,610 by September 2023.
  • At AED 71,610 a year the gross yield on the 2024 price is 4.5%, before a service charge of about AED 16,100 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 9 February 2024.

Questions about 805, Avenue Residence 2

What did unit 805 last sell for?

AED 1,600,000 on 9 February 2024: AED 1,208 per sqft for 1,324 sqft. The unit has 2 registered sales; the first was AED 1,305,523 in June 2015.

What is the rent for unit 805?

AED 71,610 a year on the contract renewed on 1 September 2023. The previous contract, from September 2022, was AED 68,200; the unit has been rented since April 2017.

How big is unit 805?

1,324 sqft (123.0 sqm): a two-bedroom apartment on the 8th floor of a 10-storey tower completed in 2015.

What is unit 805 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 805, Avenue Residence 2

Starts from the last sale price (AED 1.6M, 9 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

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