2-bed · 1,137 sqftCandace Aster Serviced Residence, Al Furjan · 7th floor · completed 2017

701, Candace Aster Serviced Residence

Sold prices and rental history: sold once, by the developer in August 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 701 · DLD and Ejari recordsUpdated 13 August 2024
Last soldAED 922K13 August 2024
Current rentAED 84K /yr16 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 701, Candace Aster Serviced Residence

What is 701 worth today?

Last sold for AED 921,960 in 2024

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13 Aug 2024Sold by developerReady
AED 921,960AED 810 per sqft
16 Jan 2024RentedNew contract
AED 84,000/yr12 months · AED 74 per sqft
1 Feb 2023RentedRenewal
AED 68,000/yr12 months · AED 60 per sqft
1 Jan 2022RentedRenewal
AED 68,000/yr13 months · AED 60 per sqft
1 Dec 2020RentedRenewal
AED 68,000/yr13 months · AED 60 per sqft
1 Dec 2019RentedNew contract
AED 68,000/yr12 months · AED 60 per sqft

Source: Dubai Land Department. Updated 13 August 2024.

Key facts

Type
2-bed hotel apartment
Size
1,137 sqft
Floor
7th of 10
Parking
P1-45
Developer
Azizi Developments
Completed
2017
Last sold
AED 922K · August 2024

About 701, Candace Aster Serviced Residence

701 is a two-bedroom hotel apartment of 1,137 sqft on the 7th floor of Candace Aster Serviced Residence, a 10-storey tower in Al Furjan completed in 2017 by Azizi Developments. The developer sold it on 13 August 2024 for AED 921,960, or AED 810 per sqft, 25% below the AED 1,086 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 16 January 2024, is AED 84,000 a year: a gross yield of 9.1% on the 2024 price.

Sales and rents for 701 over time

Sales
Unit 701, each saleTypical two-bed in Candace Aster Serviced Residence
1M1.5M201720202023Typical sale price by year: 2017 AED 1,543,500; 2024 AED 1,253,280Sold by developer, August 2024: AED 921,960 (AED 810 per sqft)

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

Rents
Unit 701, 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, December 2019: AED 68,000 a yearRenewal, December 2020: AED 68,000 a yearRenewal, January 2022: AED 68,000 a yearRenewal, February 2023: AED 68,000 a yearNew contract, January 2024: AED 84,000 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 701 sits

All 9 2-beds →

701 last sold in August 2024 at AED 810 per sqft, 25% below what two-beds in Candace Aster Serviced Residence were fetching at the time (AED 1,086). 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. 701's AED 84,000 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
10 Jul 20241,253,280
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 →
Value
7021-bedAED 870K · Mar 2026
7031-bedAED 906K · Aug 2024
704StudioAED 320K · Nov 2021
7051-bedAED 929K · Sep 2024
706StudioAED 340K · Nov 2021
707StudioAED 485K · Sep 2016
708StudioAED 340K · Nov 2021
1–7 of 22

701, Candace Aster Serviced Residence in numbers

  • Sold once: by Azizi Developments on 13 August 2024 for AED 921,960, or AED 810 per sqft.
  • Rented since December 2019 on 5 Ejari contracts, from AED 68,000 to AED 84,000 a year.
  • At AED 84,000 a year the gross yield on the 2024 price is 9.1%.
  • 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 13 August 2024.

Questions about 701, Candace Aster Serviced Residence

What did unit 701 last sell for?

AED 921,960 on 13 August 2024, sold by the developer: AED 810 per sqft for 1,137 sqft. It is the only registered sale of the unit.

What is the rent for unit 701?

AED 84,000 a year on the contract signed on 16 January 2024. The previous contract, from February 2023, was AED 68,000; the unit has been rented since December 2019.

How big is unit 701?

1,137 sqft (105.6 sqm): a two-bedroom hotel apartment on the 7th floor of a 10-storey tower completed in 2017.

What is unit 701 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 701, Candace Aster Serviced Residence

Starts from the last sale price (AED 922K, 13 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 921,960
Deposit, UAE resident (20%)
AED 184,392
Deposit, non-resident (40%)
AED 368,784
Monthly over 25 years at 3.7%
AED 3,772

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