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1-bed · 766 sqftCandace Aster Serviced Residence, Al Furjan · 5th floor · completed 2017

516, Candace Aster Serviced Residence

Sold prices and rental history: sold once, by the developer in June 2017, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 516 · DLD and Ejari recordsUpdated 5 September 2023
Last soldAED 1.07M21 June 2017
Current rentAED 50K /yr5 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 516, Candace Aster Serviced Residence

What is 516 worth today?

Last sold for AED 1,068,779 in 2017

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5 Sep 2023RentedNew contract
AED 50,000/yr6 months · AED 65 per sqft
5 Sep 2022RentedRenewal
AED 45,000/yr12 months · AED 59 per sqft
5 Sep 2021RentedNew contract
AED 42,000/yr12 months · AED 55 per sqft
1 Jul 2020RentedNew contract
AED 45,000/yr12 months · AED 59 per sqft
18 Jul 2019RentedRenewal
AED 53,000/yr6 months · AED 69 per sqft
18 Jul 2018RentedNew contract
AED 53,000/yr12 months · AED 69 per sqft
21 Jun 2017Sold by developerOff-plan
AED 1,068,779AED 1,395 per sqft

Source: Dubai Land Department. Updated 5 September 2023.

Key facts

Type
1-bed hotel apartment
Size
766 sqft
Floor
5th of 10
Parking
P1-15
Developer
Azizi Developments
Completed
2017
Last sold
AED 1.07M · June 2017
Building
Candace Aster Serviced Residence

About 516, Candace Aster Serviced Residence

516 is a one-bedroom hotel apartment of 766 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 21 June 2017 for AED 1,068,779, or AED 1,395 per sqft, in line with the AED 1,382 one-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 5 September 2023, is AED 50,000 a year: a gross yield of 4.7% on the 2017 price.

Sales and rents for 516 over time

Sales
Unit 516, each saleTypical one-bed in Candace Aster Serviced Residence
800K1M2017202020232026Typical sale price by year: 2017 AED 1,061,798; 2018 AED 1,035,500; 2023 AED 753,000; 2024 AED 850,050; 2025 AED 870,000Sold by developer, June 2017: AED 1,068,779 (AED 1,395 per sqft)

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

Rents
Unit 516, each contractTypical one-bed in Candace Aster Serviced Residence
40K60K2018202120242027Typical rent by year: 2018 AED 56,500; 2019 AED 53,000; 2020 AED 46,000; 2021 AED 42,000; 2022 AED 45,000; 2023 AED 55,000; 2024 AED 65,000; 2025 AED 67,000; 2026 AED 65,000New contract, July 2018: AED 53,000 a yearRenewal, July 2019: AED 53,000 a yearNew contract, July 2020: AED 45,000 a yearNew contract, September 2021: AED 42,000 a yearRenewal, September 2022: AED 45,000 a yearNew contract, September 2023: AED 50,000 a year

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

1-beds in Candace Aster Serviced Residence, and where 516 sits

All 58 1-beds →

516 last sold in June 2017 at AED 1,395 per sqft, in line with what one-beds in Candace Aster Serviced Residence were fetching at the time (AED 1,382). Over the last 12 months one-beds sold for AED 870,000, around AED 1,144 per sqft, and rent for AED 58,729 to 79,000 a year. 516's AED 50,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
12 Mar 2026870,000
18 Dec 2025870,000
23 Sep 2025756,581
19 Sep 2025875,000
2 1-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
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

516, Candace Aster Serviced Residence in numbers

  • Sold once: by Azizi Developments on 21 June 2017 for AED 1,068,779, or AED 1,395 per sqft.
  • Rented since July 2018 on 6 Ejari contracts. The rent fell from AED 53,000 to AED 42,000 in 2021 and recovered to AED 50,000 by September 2023.
  • At AED 50,000 a year the gross yield on the 2017 price is 4.7%.
  • One-beds in Candace Aster Serviced Residence sold for AED 870,000–870,000 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 5 September 2023.

Questions about 516, Candace Aster Serviced Residence

What did unit 516 last sell for?

AED 1,068,779 on 21 June 2017, sold by the developer: AED 1,395 per sqft for 766 sqft. It is the only registered sale of the unit.

What is the rent for unit 516?

AED 50,000 a year on the contract signed on 5 September 2023. The previous contract, from September 2022, was AED 45,000; the unit has been rented since July 2018.

How big is unit 516?

766 sqft (71.2 sqm): a one-bedroom hotel apartment on the 5th floor of a 10-storey tower completed in 2017.

What is unit 516 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Candace Aster Serviced Residence sold for AED 870,000 to 870,000 in the last 12 months, around AED 1,144 per sqft.

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Mortgage on 516, Candace Aster Serviced Residence

Starts from the last sale price (AED 1.07M, 21 June 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,068,779
Deposit, UAE resident (20%)
AED 213,756
Deposit, non-resident (40%)
AED 427,512
Monthly over 25 years at 3.7%
AED 4,373

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