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Studio · 374 sqftCandace Aster Serviced Residence, Al Furjan · 5th floor · completed 2017

508, Candace Aster Serviced Residence

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

Unit 508 · DLD and Ejari recordsUpdated 8 November 2024
Last soldAED 493K20 September 2016
Current rentAED 47K /yr8 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 508, Candace Aster Serviced Residence

What is 508 worth today?

Last sold for AED 492,859 in 2016

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8 Nov 2024RentedNew contract
AED 46,500/yr12 months · AED 123 per sqft
20 Aug 2018RentedNew contract
AED 38,000/yr12 months · AED 101 per sqft
20 Sep 2016Sold by developerOff-plan
AED 492,859AED 1,318 per sqft

Source: Dubai Land Department. Updated 8 November 2024.

Key facts

Type
Studio hotel apartment
Size
374 sqft
Floor
5th of 10
Parking
P1-07
Developer
Azizi Developments
Completed
2017
Last sold
AED 493K · September 2016
Building
Candace Aster Serviced Residence

About 508, Candace Aster Serviced Residence

508 is a studio of 374 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 20 September 2016 for AED 492,859, or AED 1,318 per sqft, in line with the AED 1,299 studios in the building were fetching at the time.

It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 8 November 2024, is AED 46,500 a year: a gross yield of 9.4% on the 2016 price.

Sales and rents for 508 over time

Sales
Unit 508, 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, September 2016: AED 492,859 (AED 1,318 per sqft)

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

Rents
Unit 508, 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, August 2018: AED 38,000 a yearNew contract, November 2024: AED 46,500 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 508 sits

All 159 studios →

508 last sold in September 2016 at AED 1,318 per sqft, in line with what studios in Candace Aster Serviced Residence were fetching at the time (AED 1,299). 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. 508's AED 46,500 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 →

Other units on the 5th floor

All 226 units in Candace Aster Serviced Residence
Value
5012-bedAED 1.29M · Apr 2024
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
1–7 of 22

508, Candace Aster Serviced Residence in numbers

  • Sold once: by Azizi Developments on 20 September 2016 for AED 492,859, or AED 1,318 per sqft.
  • Rented since August 2018 on 2 Ejari contracts, from AED 38,000 to AED 46,500 a year.
  • At AED 46,500 a year the gross yield on the 2016 price is 9.4%.
  • 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 8 November 2024.

Questions about 508, Candace Aster Serviced Residence

What did unit 508 last sell for?

AED 492,859 on 20 September 2016, sold by the developer: AED 1,318 per sqft for 374 sqft. It is the only registered sale of the unit.

What is the rent for unit 508?

AED 46,500 a year on the contract signed on 8 November 2024. The previous contract, from August 2018, was AED 38,000.

How big is unit 508?

374 sqft (34.7 sqm): a studio on the 5th floor of a 10-storey tower completed in 2017.

What is unit 508 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 508, Candace Aster Serviced Residence

Starts from the last sale price (AED 493K, 20 September 2016). Switch to today's estimate once you have unlocked it.
Price
AED 492,859
Deposit, UAE resident (20%)
AED 98,572
Deposit, non-resident (40%)
AED 197,144
Monthly over 25 years at 3.7%
AED 2,016

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