Studio · 376 sqftCandace Aster Serviced Residence, Al Furjan · 5th floor · completed 2017

504, Candace Aster Serviced Residence

Sold prices and rental history: sold once, by the developer in October 2016, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 504 · DLD and Ejari recordsUpdated 20 August 2021
Last soldAED 485K25 October 2016
Current rentAED 25K /yr20 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 504, Candace Aster Serviced Residence

What is 504 worth today?

Last sold for AED 485,468 in 2016

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20 Aug 2021RentedNew contract
AED 25,000/yr12 months · AED 66 per sqft
2 Jul 2020RentedNew contract
AED 25,000/yr12 months · AED 66 per sqft
10 Jul 2019RentedNew contract
AED 34,000/yr12 months · AED 90 per sqft
1 Jul 2018RentedNew contract
AED 40,000/yr12 months · AED 106 per sqft
25 Oct 2016Sold by developerOff-plan
AED 485,468AED 1,291 per sqft

Source: Dubai Land Department. Updated 20 August 2021.

Key facts

Type
Studio hotel apartment
Size
376 sqft
Floor
5th of 10
Parking
P1-03
Developer
Azizi Developments
Completed
2017
Last sold
AED 485K · October 2016

About 504, Candace Aster Serviced Residence

504 is a studio of 376 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 25 October 2016 for AED 485,468, or AED 1,291 per sqft, in line with the AED 1,297 studios in the building were fetching at the time.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 20 August 2021, is AED 25,000 a year: a gross yield of 5.1% on the 2016 price.

Sales and rents for 504 over time

Sales
Unit 504, 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, October 2016: AED 485,468 (AED 1,291 per sqft)

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

Rents
Unit 504, each contractTypical studio in Candace Aster Serviced Residence
30K40K50K2018202120242027Typical 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, July 2018: AED 40,000 a yearNew contract, July 2019: AED 34,000 a yearNew contract, July 2020: AED 25,000 a yearNew contract, August 2021: AED 25,000 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 504 sits

All 159 studios →

504 last sold in October 2016 at AED 1,291 per sqft, in line with what studios in Candace Aster Serviced Residence were fetching at the time (AED 1,297). 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. 504's AED 25,000 is at the bottom 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
5012-bedAED 1.29M · Apr 2024
5021-bedAED 1.03M · Feb 2018
5031-bedAED 1.05M · Jun 2017
5051-bedAED 876K · Dec 2018
506StudioAED 493K · Sep 2016
507StudioAED 485K · Apr 2017
508StudioAED 493K · Sep 2016
1–7 of 22

504, Candace Aster Serviced Residence in numbers

  • Sold once: by Azizi Developments on 25 October 2016 for AED 485,468, or AED 1,291 per sqft.
  • Rented since July 2018 on 4 Ejari contracts, from AED 40,000 to AED 25,000 a year.
  • At AED 25,000 a year the gross yield on the 2016 price is 5.1%.
  • 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 20 August 2021.

Questions about 504, Candace Aster Serviced Residence

What did unit 504 last sell for?

AED 485,468 on 25 October 2016, sold by the developer: AED 1,291 per sqft for 376 sqft. It is the only registered sale of the unit.

What is the rent for unit 504?

AED 25,000 a year on the contract signed on 20 August 2021. The previous contract, from July 2020, was AED 25,000; the unit has been rented since July 2018.

How big is unit 504?

376 sqft (34.9 sqm): a studio on the 5th floor of a 10-storey tower completed in 2017.

What is unit 504 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 504, Candace Aster Serviced Residence

Starts from the last sale price (AED 485K, 25 October 2016). Switch to today's estimate once you have unlocked it.
Price
AED 485,468
Deposit, UAE resident (20%)
AED 97,094
Deposit, non-resident (40%)
AED 194,187
Monthly over 25 years at 3.7%
AED 1,986

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