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

517, Candace Aster Serviced Residence

Sold prices and rental history: sold twice, last in February 2019, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 517 · DLD and Ejari recordsUpdated 26 October 2023
Last soldAED 400K13 February 2019
Current rentAED 32K /yr26 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 517, Candace Aster Serviced Residence

What is 517 worth today?

Last sold for AED 400,000 in 2019

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26 Oct 2023RentedRenewal
AED 32,000/yr12 months · AED 85 per sqft
26 Oct 2022RentedNew contract
AED 32,000/yr12 months · AED 85 per sqft
3 Apr 2022RentedNew contract
AED 32,000/yr12 months · AED 85 per sqft
1 Apr 2021RentedNew contract
AED 24,000/yr12 months · AED 64 per sqft
1 Mar 2020RentedRenewal
AED 32,000/yr12 months · AED 85 per sqft
1 Mar 2019RentedNew contract
AED 35,000/yr12 months · AED 93 per sqft
13 Feb 2019SoldReady
AED 400,000AED 1,070 per sqft
26 Dec 2016Sold by developerOff-plan
AED 482,867AED 1,292 per sqft

Source: Dubai Land Department. Updated 26 October 2023.

Key facts

Type
Studio hotel apartment
Size
374 sqft
Floor
5th of 10
Parking
P1-16
Developer
Azizi Developments
Completed
2017
Last sold
AED 400K · February 2019

About 517, Candace Aster Serviced Residence

517 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. It last sold on 13 February 2019 for AED 400,000, or AED 1,070 per sqft, 14% below the AED 1,245 studios in the building were fetching at the time.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 26 October 2023, is AED 32,000 a year: a gross yield of 8.0% on the 2019 price.

Sales and rents for 517 over time

Sales
Unit 517, 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, December 2016: AED 482,867 (AED 1,292 per sqft)Sold, February 2019: AED 400,000 (AED 1,070 per sqft)

517 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 517, 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, March 2019: AED 35,000 a yearRenewal, March 2020: AED 32,000 a yearNew contract, April 2021: AED 24,000 a yearNew contract, April 2022: AED 32,000 a yearNew contract, October 2022: AED 32,000 a yearRenewal, October 2023: AED 32,000 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 517 sits

All 159 studios →

517 last sold in February 2019 at AED 1,070 per sqft, 14% below what studios in Candace Aster Serviced Residence were fetching at the time (AED 1,245). 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. 517's AED 32,000 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
504StudioAED 485K · Oct 2016
5051-bedAED 876K · Dec 2018
506StudioAED 493K · Sep 2016
507StudioAED 485K · Apr 2017
1–7 of 22

517, Candace Aster Serviced Residence in numbers

  • Sold twice: first on 26 December 2016 for AED 482,867, last on 13 February 2019 for AED 400,000 (AED 1,070 per sqft).
  • Rented since March 2019 on 6 Ejari contracts. The rent fell from AED 35,000 to AED 24,000 in 2021 and recovered to AED 32,000 by October 2023.
  • At AED 32,000 a year the gross yield on the 2019 price is 8.0%.
  • 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 26 October 2023.

Questions about 517, Candace Aster Serviced Residence

What did unit 517 last sell for?

AED 400,000 on 13 February 2019: AED 1,070 per sqft for 374 sqft. The unit has 2 registered sales; the first was AED 482,867 in December 2016.

What is the rent for unit 517?

AED 32,000 a year on the contract renewed on 26 October 2023. The previous contract, from October 2022, was AED 32,000; the unit has been rented since March 2019.

How big is unit 517?

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

What is unit 517 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 517, Candace Aster Serviced Residence

Starts from the last sale price (AED 400K, 13 February 2019). Switch to today's estimate once you have unlocked it.
Price
AED 400,000
Deposit, UAE resident (20%)
AED 80,000
Deposit, non-resident (40%)
AED 160,000
Monthly over 25 years at 3.7%
AED 1,637

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