Studio · 374 sqftCandace Aster Serviced Residence, Al Furjan · 3rd floor · completed 2017

318, Candace Aster Serviced Residence

Sold prices and rental history: sold once, by the developer in June 2019, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 318 · DLD and Ejari recordsUpdated 15 October 2024
Last soldAED 411K19 June 2019
Current rentAED 35K /yr15 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 318, Candace Aster Serviced Residence

What is 318 worth today?

Last sold for AED 410,820 in 2019

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15 Oct 2024RentedRenewal
AED 35,000/yr12 months · AED 93 per sqft
15 Oct 2023RentedRenewal
AED 32,000/yr12 months · AED 85 per sqft
15 Oct 2022RentedNew contract
AED 32,000/yr12 months · AED 85 per sqft
3 Oct 2021RentedRenewal
AED 22,000/yr12 months · AED 58 per sqft
3 Oct 2020RentedNew contract
AED 22,000/yr12 months · AED 58 per sqft
19 Jun 2019Sold by developerReady
AED 410,820AED 1,097 per sqft

Source: Dubai Land Department. Updated 15 October 2024.

Key facts

Type
Studio hotel apartment
Size
374 sqft
Floor
3rd of 10
Parking
B-69
Developer
Azizi Developments
Completed
2017
Last sold
AED 411K · June 2019

About 318, Candace Aster Serviced Residence

318 is a studio of 374 sqft on the 3rd floor of Candace Aster Serviced Residence, a 10-storey tower in Al Furjan completed in 2017 by Azizi Developments. The developer sold it on 19 June 2019 for AED 410,820, or AED 1,097 per sqft, in line with the AED 1,094 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 15 October 2024, is AED 35,000 a year: a gross yield of 8.5% on the 2019 price.

Sales and rents for 318 over time

Sales
Unit 318, each saleTypical studio in Candace Aster Serviced Residence
400K2016201920222025Typical sale price by year: 2016 AED 491,983; 2017 AED 495,689; 2018 AED 486,777; 2019 AED 400,000; 2020 AED 300,000; 2021 AED 325,000; 2022 AED 350,000; 2023 AED 417,500; 2024 AED 490,000; 2025 AED 520,000; 2026 AED 537,500Sold by developer, June 2019: AED 410,820 (AED 1,097 per sqft)

318 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 318, each contractTypical studio in Candace Aster Serviced Residence
20K40K2018202120242027Typical rent by year: 2018 AED 36,000; 2019 AED 34,000; 2020 AED 26,000; 2021 AED 25,000; 2022 AED 30,000; 2023 AED 37,250; 2024 AED 45,000; 2025 AED 47,000; 2026 AED 46,000New contract, October 2020: AED 22,000 a yearRenewal, October 2021: AED 22,000 a yearNew contract, October 2022: AED 32,000 a yearRenewal, October 2023: AED 32,000 a yearRenewal, October 2024: AED 35,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Candace Aster Serviced Residence, and where 318 sits

All 159 studios →

318 last sold in June 2019 at AED 1,097 per sqft, in line with what studios in Candace Aster Serviced Residence were fetching at the time (AED 1,094). Over the last 12 months studios sold for AED 480,000 to 600,000, around AED 1,412 per sqft, and rent for AED 34,178 to 68,400 a year. 318's AED 35,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
21 Sep 2026560,000
17 Jul 2026575,000
6 Jul 2026550,000
29 Apr 2026515,000
10 studio sales in the last 12 months

Candace Aster Serviced Residence

Building

226 apartments, studios to 2-bed over 10 floors in Al Furjan, completed in 2017 by Azizi Developments. 14 sold in the last 12 months.

Typical price per sqft
AED 1,345 Up 16.7%
Typical sale
AED 564K
Typical rent
AED 50K /yr
Typical yield
8.6%
Candace Aster Serviced Residence, Al Furjan: prices, sales and rents →
Value
3012-bedAED 1.29M · Dec 2024
3021-bedAED 943K · Jun 2017
3031-bedAED 878K · Aug 2024
304StudioAED 568K · Feb 2026
3051-bedAED 924K · Jun 2024
306StudioAED 473K · Feb 2018
307StudioAED 410K · Oct 2023
1–7 of 22

318, Candace Aster Serviced Residence in numbers

  • Sold once: by Azizi Developments on 19 June 2019 for AED 410,820, or AED 1,097 per sqft.
  • Rented since October 2020 on 5 Ejari contracts, from AED 22,000 to AED 35,000 a year.
  • At AED 35,000 a year the gross yield on the 2019 price is 8.5%.
  • Studios in Candace Aster Serviced Residence sold for AED 480,000–600,000 in the 12 months to November 2026; the building's median across all types is AED 1,345 per sqft.

Source: Dubai Land Department. Updated 15 October 2024.

Questions about 318, Candace Aster Serviced Residence

What did unit 318 last sell for?

AED 410,820 on 19 June 2019, sold by the developer: AED 1,097 per sqft for 374 sqft. It is the only registered sale of the unit.

What is the rent for unit 318?

AED 35,000 a year on the contract renewed on 15 October 2024. The previous contract, from October 2023, was AED 32,000; the unit has been rented since October 2020.

How big is unit 318?

374 sqft (34.7 sqm): a studio on the 3rd floor of a 10-storey tower completed in 2017.

What is unit 318 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Candace Aster Serviced Residence sold for AED 480,000 to 600,000 in the last 12 months, around AED 1,412 per sqft.

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Mortgage on 318, Candace Aster Serviced Residence

Starts from the last sale price (AED 411K, 19 June 2019). Switch to today's estimate once you have unlocked it.
Price
AED 410,820
Deposit, UAE resident (20%)
AED 82,164
Deposit, non-resident (40%)
AED 164,328
Monthly over 25 years at 3.7%
AED 1,681

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