2-bed · 1,227 sqftAvenue Residence 2, Al Furjan · 9th floor · completed 2015

906, Avenue Residence 2

Sold prices and rental history: sold once, by the developer in March 2017, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 906 · DLD and Ejari recordsUpdated 25 December 2024
Last soldAED 881K21 March 2017
Current rentAED 95K /yr25 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 906, Avenue Residence 2

What is 906 worth today?

Last sold for AED 881,279 in 2017

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25 Dec 2024RentedNew contract
AED 95,000/yr12 months · AED 77 per sqft
25 Dec 2024RentedNew contract
AED 95,000/yr12 months · AED 77 per sqft
25 Dec 2023RentedNew contract
AED 92,000/yr12 months · AED 75 per sqft
12 Mar 2020RentedNew contract
AED 64,000/yr12 months · AED 52 per sqft
15 Jan 2019RentedNew contract
AED 80,000/yr13 months · AED 65 per sqft
1 Jul 2018RentedRenewal
AED 85,000/yr12 months · AED 69 per sqft
1 Jul 2017RentedNew contract
AED 85,000/yr12 months · AED 69 per sqft
21 Mar 2017Sold by developerReady
AED 881,279AED 718 per sqft

Source: Dubai Land Department. Updated 25 December 2024.

Key facts

Type
2-bed apartment
Size
1,227 sqft
Floor
9th of 10
Parking
P-50
Developer
Nabni Real Estate Development
Completed
2015
Service charge
AED 14,900 /yr
Last sold
AED 881K · March 2017

About 906, Avenue Residence 2

906 is a two-bedroom apartment of 1,227 sqft on the 9th 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 21 March 2017 for AED 881,279, or AED 718 per sqft, in line with the AED 718 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 25 December 2024, is AED 95,000 a year: a gross yield of 10.8% on the 2017 price, before the service charge of about AED 14,900 a year.

Sales and rents for 906 over time

Sales
Unit 906, each saleTypical two-bed in Avenue Residence 2
1M1.2M2015201820212024Typical 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, March 2017: AED 881,279 (AED 718 per sqft)

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

Rents
Unit 906, each contractTypical two-bed in Avenue Residence 2
60K80K100K2017202020232026Typical 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, July 2017: AED 85,000 a yearRenewal, July 2018: AED 85,000 a yearNew contract, January 2019: AED 80,000 a yearNew contract, March 2020: AED 64,000 a yearNew contract, December 2023: AED 92,000 a yearNew contract, December 2024: AED 95,000 a yearNew contract, December 2024: AED 95,000 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 906 sits

All 53 2-beds →

906 last sold in March 2017 at AED 718 per sqft, in line with what two-beds in Avenue Residence 2 were fetching at the time (AED 718). 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. 906's AED 95,000 is in the upper 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 9th floor

All 95 units in Avenue Residence 2
Value
9013-bedAED 1.48M · Jul 2022
9022-bedAED 1.09M · Apr 2015
9031-bedAED 970K · Jul 2024
9042-bedAED 1.39M · Jun 2015
9052-bedAED 1.36M · Apr 2015
9072-bedAED 841K · Aug 2016
9083-bedAED 2.15M · Jan 2025
1–7 of 8

906, Avenue Residence 2 in numbers

  • Sold once: by Nabni Real Estate Development on 21 March 2017 for AED 881,279, or AED 718 per sqft.
  • Rented since July 2017 on 7 Ejari contracts. The rent fell from AED 85,000 to AED 64,000 in 2020 and recovered to AED 95,000 by December 2024.
  • At AED 95,000 a year the gross yield on the 2017 price is 10.8%, before a service charge of about AED 14,900 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 25 December 2024.

Questions about 906, Avenue Residence 2

What did unit 906 last sell for?

AED 881,279 on 21 March 2017, sold by the developer: AED 718 per sqft for 1,227 sqft. It is the only registered sale of the unit.

What is the rent for unit 906?

AED 95,000 a year on the contract signed on 25 December 2024. The previous contract, from December 2024, was AED 95,000; the unit has been rented since July 2017.

How big is unit 906?

1,227 sqft (114.0 sqm): a two-bedroom apartment on the 9th floor of a 10-storey tower completed in 2015.

What is unit 906 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 906, Avenue Residence 2

Starts from the last sale price (AED 881K, 21 March 2017). Switch to today's estimate once you have unlocked it.
Price
AED 881,279
Deposit, UAE resident (20%)
AED 176,256
Deposit, non-resident (40%)
AED 352,512
Monthly over 25 years at 3.7%
AED 3,606

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