3-bed · 1,766 sqftMasakin Al Furjan E, Al Furjan · 5th floor · completed 2012

502, Masakin Al Furjan E

Sold prices and rental history: sold 4 times, last in June 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 21 June 2023
Last soldAED 1.6M21 June 2023
Current rentAED 110K /yr1 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 502, Masakin Al Furjan E

What is 502 worth today?

Last sold for AED 1,600,000 in 2023

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21 Jun 2023SoldReady
AED 1,600,000AED 906 per sqft
1 Jan 2023RentedRenewal
AED 110,000/yr12 months · AED 62 per sqft
23 Dec 2021RentedNew contract
AED 110,000/yr12 months · AED 62 per sqft
12 Oct 2020RentedRenewal
AED 95,000/yr12 months · AED 54 per sqft
12 Oct 2019RentedNew contract
AED 95,000/yr12 months · AED 54 per sqft
8 Nov 2017SoldReady
AED 850,000AED 481 per sqft
5 May 2017RentedRenewal
AED 133,100/yr12 months · AED 75 per sqft
5 May 2016RentedRenewal
AED 133,100/yr12 months · AED 75 per sqft

Source: Dubai Land Department. Updated 21 June 2023.

Key facts

Type
3-bed apartment
Size
1,766 sqft
Floor
5th of 5
Parking
E-102,E-103
Developer
Nakheel
Completed
2012
Service charge
AED 27,900 /yr
Last sold
AED 1.6M · June 2023

About 502, Masakin Al Furjan E

502 is a three-bedroom apartment of 1,766 sqft on the 5th floor of Masakin Al Furjan E, a 5-storey tower in Al Furjan completed in 2012 by Nakheel. It last sold on 21 June 2023 for AED 1,600,000, or AED 906 per sqft, 5% above the AED 861 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 1 January 2023, is AED 110,000 a year: a gross yield of 6.9% on the 2023 price, before the service charge of about AED 27,900 a year.

Sales and rents for 502 over time

Sales
Unit 502, each saleTypical three-bed in Masakin Al Furjan E
1M2M2012201620202024Typical sale price by year: 2012 AED 1,585,800; 2013 AED 1,235,900; 2014 AED 1,257,500; 2015 AED 1,172,900; 2016 AED 1,238,700; 2021 AED 1,350,000; 2022 AED 1,250,000; 2023 AED 1,600,000; 2024 AED 2,200,000Sold by developer, January 2014: AED 1,257,500 (AED 712 per sqft)Sold, April 2014: AED 1,697,625 (AED 961 per sqft)Sold, November 2017: AED 850,000 (AED 481 per sqft)Sold, June 2023: AED 1,600,000 (AED 906 per sqft)

502 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 502, each contractTypical three-bed in Masakin Al Furjan E
100K125K2012201620202024Typical rent by year: 2012 AED 95,000; 2013 AED 100,000; 2014 AED 105,000; 2015 AED 110,250; 2016 AED 125,000; 2017 AED 124,654; 2018 AED 112,173; 2019 AED 102,000; 2020 AED 94,500; 2021 AED 87,000; 2022 AED 95,000; 2023 AED 110,000; 2024 AED 130,000; 2025 AED 140,000; 2026 AED 129,500New contract, May 2013: AED 108,254 a yearNew contract, May 2014: AED 110,000 a yearNew contract, May 2015: AED 121,000 a yearRenewal, May 2016: AED 133,100 a yearRenewal, May 2017: AED 133,100 a yearNew contract, October 2019: AED 95,000 a yearRenewal, October 2020: AED 95,000 a yearNew contract, December 2021: AED 110,000 a yearRenewal, January 2023: AED 110,000 a year

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

3-beds in Masakin Al Furjan E, and where 502 sits

All 33 3-beds →

502 last sold in June 2023 at AED 906 per sqft, 5% above what three-beds in Masakin Al Furjan E were fetching at the time (AED 861). Over the last 12 months three-beds sold for AED 2,525,000, around AED 1,425 per sqft, and rent for AED 112,900 to 160,000 a year. 502's AED 110,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
13 Oct 20262,525,000
22 May 20252,400,000
31 Jan 20252,400,000
30 Dec 20242,200,000
1 3-bed sale in the last 12 months

Masakin Al Furjan E

Building

51 apartments, 1-bed to 3-bed over 5 floors in Al Furjan, completed in 2012 by Nakheel. 3 sold in the last 12 months.

Typical price per sqft
AED 1,174
Typical sale
AED 1.55M
Typical rent
AED 119K /yr
Typical yield
6.3%
Masakin Al Furjan E, Al Furjan: prices, sales and rents →

Other units on the 5th floor

All 51 units in Masakin Al Furjan E
Value
5013-bedAED 600K · Dec 2012
5033-bedAED 1.25M · Apr 2022
5042-bedAED 1.23M · Apr 2012
5051-bedAED 605K · Oct 2026
5062-bedAED 1.23M · Feb 2012
5073-bedAED 1.2M · Jul 2022
5083-bedAED 1.26M · Jan 2014
1–7 of 8

502, Masakin Al Furjan E in numbers

  • Sold 4 times: first on 23 January 2014 for AED 1,257,500, last on 21 June 2023 for AED 1,600,000 (AED 906 per sqft).
  • Rented since May 2013 on 9 Ejari contracts. The rent fell from AED 108,254 to AED 95,000 in 2020 and recovered to AED 110,000 by January 2023.
  • At AED 110,000 a year the gross yield on the 2023 price is 6.9%, before a service charge of about AED 27,900 a year (AED 15.81 per sqft).
  • Three-beds in Masakin Al Furjan E sold for AED 2,525,000–2,525,000 in the 12 months to November 2026; the building's median across all types is AED 1,174 per sqft.

Source: Dubai Land Department. Updated 21 June 2023.

Questions about 502, Masakin Al Furjan E

What did unit 502 last sell for?

AED 1,600,000 on 21 June 2023: AED 906 per sqft for 1,766 sqft. The unit has 4 registered sales; the first was AED 1,257,500 in January 2014.

What is the rent for unit 502?

AED 110,000 a year on the contract renewed on 1 January 2023. The previous contract, from December 2021, was AED 110,000; the unit has been rented since May 2013.

How big is unit 502?

1,766 sqft (164.1 sqm): a three-bedroom apartment on the 5th floor of a 5-storey tower completed in 2012.

What is unit 502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Masakin Al Furjan E sold for AED 2,525,000 to 2,525,000 in the last 12 months, around AED 1,425 per sqft.

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Mortgage on 502, Masakin Al Furjan E

Starts from the last sale price (AED 1.6M, 21 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

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