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2-bed · 1,137 sqftCandace Aster Serviced Residence, Al Furjan · 5th floor · completed 2017

501, Candace Aster Serviced Residence

Sold prices and rental history: sold once, by the developer in April 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 501 · DLD and Ejari recordsUpdated 1 September 2024
Last soldAED 1.29M30 April 2024
Current rentAED 90K /yr1 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 501, Candace Aster Serviced Residence

What is 501 worth today?

Last sold for AED 1,285,700 in 2024

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1 Sep 2024RentedNew contract
AED 90,000/yr12 months · AED 79 per sqft
30 Apr 2024Sold by developerReady
AED 1,285,700AED 1,130 per sqft
13 Mar 2024RentedNew contract
AED 90,000/yr12 months · AED 79 per sqft
16 May 2023RentedNew contract
AED 63,250/yr12 months · AED 56 per sqft
30 Mar 2022RentedRenewal
AED 63,250/yr12 months · AED 56 per sqft
30 Mar 2021RentedRenewal
AED 55,000/yr12 months · AED 48 per sqft
30 Mar 2020RentedNew contract
AED 65,000/yr12 months · AED 57 per sqft
28 Dec 2019RentedNew contract
AED 65,000/yr12 months · AED 57 per sqft

Source: Dubai Land Department. Updated 1 September 2024.

Key facts

Type
2-bed hotel apartment
Size
1,137 sqft
Floor
5th of 10
Parking
G-22
Developer
Azizi Developments
Completed
2017
Last sold
AED 1.29M · April 2024
Building
Candace Aster Serviced Residence

About 501, Candace Aster Serviced Residence

501 is a two-bedroom hotel apartment of 1,137 sqft on the 5th floor of Candace Aster Serviced Residence, a 10-storey tower in Al Furjan completed in 2017 by Azizi Developments. The developer sold it on 30 April 2024 for AED 1,285,700, or AED 1,130 per sqft.

It has been rented continuously since 2018 on 9 Ejari contracts. The current contract, signed on 1 September 2024, is AED 90,000 a year: a gross yield of 7.0% on the 2024 price.

Sales and rents for 501 over time

Sales
Unit 501, each saleTypical two-bed in Candace Aster Serviced Residence
1.4M20172019202120232025Typical sale price by year: 2017 AED 1,543,500; 2024 AED 1,253,280Sold by developer, April 2024: AED 1,285,700 (AED 1,130 per sqft)

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

Rents
Unit 501, each contractTypical two-bed in Candace Aster Serviced Residence
60K80K2018202120242027Typical rent by year: 2018 AED 79,000; 2019 AED 68,000; 2020 AED 62,500; 2021 AED 87,500; 2022 AED 65,000; 2023 AED 66,500; 2024 AED 90,000; 2025 AED 68,746; 2026 AED 90,000New contract, March 2018: AED 80,000 a yearNew contract, March 2019: AED 80,000 a yearNew contract, December 2019: AED 65,000 a yearNew contract, March 2020: AED 65,000 a yearRenewal, March 2021: AED 55,000 a yearRenewal, March 2022: AED 63,250 a yearNew contract, May 2023: AED 63,250 a yearNew contract, March 2024: AED 90,000 a yearNew contract, September 2024: AED 90,000 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 Candace Aster Serviced Residence, and where 501 sits

All 9 2-beds →

Over the last 12 months two-beds sold for AED 1,160,003 to 1,275,000, around AED 1,070 per sqft, and rent for AED 76,000 to 105,000 a year. 501's AED 90,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
17 Feb 20261,275,000
29 Dec 20251,160,003
26 Dec 20241,290,000
13 Aug 2024921,960
2 2-bed 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 →

Other units on the 5th floor

All 226 units in Candace Aster Serviced Residence
Value
5021-bedAED 1.03M · Feb 2018
5031-bedAED 1.05M · Jun 2017
504StudioAED 485K · Oct 2016
5051-bedAED 876K · Dec 2018
506StudioAED 493K · Sep 2016
507StudioAED 485K · Apr 2017
508StudioAED 493K · Sep 2016
1–7 of 22

501, Candace Aster Serviced Residence in numbers

  • Sold once: by Azizi Developments on 30 April 2024 for AED 1,285,700, or AED 1,130 per sqft.
  • Rented since March 2018 on 9 Ejari contracts. The rent fell from AED 80,000 to AED 55,000 in 2021 and recovered to AED 90,000 by September 2024.
  • At AED 90,000 a year the gross yield on the 2024 price is 7.0%.
  • Two-beds in Candace Aster Serviced Residence sold for AED 1,160,003–1,275,000 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 1 September 2024.

Questions about 501, Candace Aster Serviced Residence

What did unit 501 last sell for?

AED 1,285,700 on 30 April 2024, sold by the developer: AED 1,130 per sqft for 1,137 sqft. It is the only registered sale of the unit.

What is the rent for unit 501?

AED 90,000 a year on the contract signed on 1 September 2024. The previous contract, from March 2024, was AED 90,000; the unit has been rented since March 2018.

How big is unit 501?

1,137 sqft (105.6 sqm): a two-bedroom hotel apartment on the 5th floor of a 10-storey tower completed in 2017.

What is unit 501 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Candace Aster Serviced Residence sold for AED 1,160,003 to 1,275,000 in the last 12 months, around AED 1,070 per sqft.

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Mortgage on 501, Candace Aster Serviced Residence

Starts from the last sale price (AED 1.29M, 30 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,285,700
Deposit, UAE resident (20%)
AED 257,140
Deposit, non-resident (40%)
AED 514,280
Monthly over 25 years at 3.7%
AED 5,260

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