3-bed · 1,775 sqftMasakin Al Furjan E, Al Furjan · 5th floor · completed 2012

507, Masakin Al Furjan E

Sold prices and rental history: sold twice, last in July 2022, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 507 · DLD and Ejari recordsUpdated 28 July 2022
Last soldAED 1.2M28 July 2022
Current rentAED 82K /yr18 January 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 507, Masakin Al Furjan E

What is 507 worth today?

Last sold for AED 1,200,000 in 2022

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28 Jul 2022SoldReady
AED 1,200,000AED 676 per sqft
18 Jan 2021RentedRenewal
AED 82,000/yr12 months · AED 46 per sqft
18 Jan 2020RentedNew contract
AED 94,000/yr12 months · AED 53 per sqft
1 Jul 2015RentedNew contract
AED 110,000/yr12 months · AED 62 per sqft
2 Jun 2013Sold by developerReady
AED 1,246,500AED 702 per sqft

Source: Dubai Land Department. Updated 28 July 2022.

Key facts

Type
3-bed apartment
Size
1,775 sqft
Floor
5th of 5
Parking
E-93,E-94
Developer
Nakheel
Completed
2012
Service charge
AED 28,100 /yr
Last sold
AED 1.2M · July 2022

About 507, Masakin Al Furjan E

507 is a three-bedroom apartment of 1,775 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 28 July 2022 for AED 1,200,000, or AED 676 per sqft, 4% below the AED 703 three-beds in the building were fetching at the time.

It has been rented since 2015 on 3 Ejari contracts. The current contract, renewed on 18 January 2021, is AED 82,000 a year: a gross yield of 6.8% on the 2022 price, before the service charge of about AED 28,100 a year.

Sales and rents for 507 over time

Sales
Unit 507, each saleTypical three-bed in Masakin Al Furjan E
1M1.5M2M2012201620202024Typical 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, June 2013: AED 1,246,500 (AED 702 per sqft)Sold, July 2022: AED 1,200,000 (AED 676 per sqft)

507 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 507, each contractTypical three-bed in Masakin Al Furjan E
100K150K2012201620202024Typical 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, July 2015: AED 110,000 a yearNew contract, January 2020: AED 94,000 a yearRenewal, January 2021: AED 82,000 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 507 sits

All 33 3-beds →

507 last sold in July 2022 at AED 676 per sqft, 4% below what three-beds in Masakin Al Furjan E were fetching at the time (AED 703). 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. 507's AED 82,000 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
5023-bedAED 1.6M · Jun 2023
5033-bedAED 1.25M · Apr 2022
5042-bedAED 1.23M · Apr 2012
5051-bedAED 605K · Oct 2026
5062-bedAED 1.23M · Feb 2012
5083-bedAED 1.26M · Jan 2014
1–7 of 8

507, Masakin Al Furjan E in numbers

  • Sold twice: first on 2 June 2013 for AED 1,246,500, last on 28 July 2022 for AED 1,200,000 (AED 676 per sqft).
  • Rented since July 2015 on 3 Ejari contracts, from AED 110,000 to AED 82,000 a year.
  • At AED 82,000 a year the gross yield on the 2022 price is 6.8%, before a service charge of about AED 28,100 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 28 July 2022.

Questions about 507, Masakin Al Furjan E

What did unit 507 last sell for?

AED 1,200,000 on 28 July 2022: AED 676 per sqft for 1,775 sqft. The unit has 2 registered sales; the first was AED 1,246,500 in June 2013.

What is the rent for unit 507?

AED 82,000 a year on the contract renewed on 18 January 2021. The previous contract, from January 2020, was AED 94,000; the unit has been rented since July 2015.

How big is unit 507?

1,775 sqft (164.9 sqm): a three-bedroom apartment on the 5th floor of a 5-storey tower completed in 2012.

What is unit 507 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 507, Masakin Al Furjan E

Starts from the last sale price (AED 1.2M, 28 July 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

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