2-bed · 1,555 sqftTopaz Avenue, Al Furjan · 5th floor · completed 2020

503, Topaz Avenue

Sold prices and rental history: sold once, by the developer in May 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503 · DLD and Ejari recordsUpdated 21 May 2024
Last soldAED 1.4M21 May 2024
Current rentAED 75K /yr6 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 503, Topaz Avenue

What is 503 worth today?

Last sold for AED 1,399,662 in 2024

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21 May 2024Sold by developerReady
AED 1,399,662AED 900 per sqft
6 Sep 2022RentedRenewal
AED 75,000/yr12 months · AED 48 per sqft
6 Jul 2021RentedNew contract
AED 75,000/yr14 months · AED 48 per sqft

Source: Dubai Land Department. Updated 21 May 2024.

Key facts

Type
2-bed apartment
Size
1,555 sqft
Floor
5th of 15
Parking
P2-81
Developer
Grand Properties
Completed
2020
Last sold
AED 1.4M · May 2024
Building
Topaz Avenue

About 503, Topaz Avenue

503 is a two-bedroom apartment of 1,555 sqft on the 5th floor of Topaz Avenue, a 15-storey tower in Al Furjan completed in 2020 by Grand Properties. The developer sold it on 21 May 2024 for AED 1,399,662, or AED 900 per sqft.

It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 6 September 2022, is AED 75,000 a year: a gross yield of 5.4% on the 2024 price.

Sales and rents for 503 over time

Sales
Unit 503, each saleTypical two-bed in Topaz Avenue
1.5M2M2024202520262027Typical sale price by year: 2024 AED 1,479,977; 2025 AED 1,930,000; 2026 AED 2,110,000Sold by developer, May 2024: AED 1,399,662 (AED 900 per sqft)

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

Rents
Unit 503, each contractTypical two-bed in Topaz Avenue
100K2020202220242026Typical rent by year: 2020 AED 66,857; 2021 AED 75,000; 2022 AED 78,000; 2023 AED 77,947; 2024 AED 78,093; 2025 AED 128,000; 2026 AED 125,000New contract, July 2021: AED 75,000 a yearRenewal, September 2022: AED 75,000 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 Topaz Avenue, and where 503 sits

All 152 2-beds →

Over the last 12 months two-beds sold for AED 2,000,000 to 2,300,000, around AED 1,331 per sqft, and rent for AED 45,000 to 145,000 a year. 503's AED 75,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Oct 20262,050,000
22 Apr 20262,175,000
31 Mar 20262,180,000
31 Mar 20262,300,000
9 2-bed sales in the last 12 months

Topaz Avenue

Building

208 apartments, 1-bed to 3-bed over 15 floors in Al Furjan, completed in 2020 by Grand Properties. 11 sold in the last 12 months.

Typical price per sqft
AED 1,309 Up 10.1%
Typical sale
AED 2.07M
Typical rent
AED 120K /yr
Typical yield
6.1%
Topaz Avenue, Al Furjan: prices, sales and rents →

Other units on the 5th floor

All 208 units in Topaz Avenue
Value
5011-bedAED 952K · May 2024
5022-bedAED 1.42M · Jul 2024
5042-bedAED 1.41M · Sep 2024
5052-bedAED 2.18M · Apr 2026
5062-bedAED 1.48M · Sep 2024
5072-bedAED 2.18M · Mar 2026
5081-bedAED 1M · Aug 2024
1–7 of 15

503, Topaz Avenue in numbers

  • Sold once: by Grand Properties on 21 May 2024 for AED 1,399,662, or AED 900 per sqft.
  • Rented since July 2021 on 2 Ejari contracts, at AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2024 price is 5.4%.
  • Two-beds in Topaz Avenue sold for AED 2,000,000–2,300,000 in the 12 months to November 2026; the building's median across all types is AED 1,309 per sqft.

Source: Dubai Land Department. Updated 21 May 2024.

Questions about 503, Topaz Avenue

What did unit 503 last sell for?

AED 1,399,662 on 21 May 2024, sold by the developer: AED 900 per sqft for 1,555 sqft. It is the only registered sale of the unit.

What is the rent for unit 503?

AED 75,000 a year on the contract renewed on 6 September 2022. The previous contract, from July 2021, was AED 75,000.

How big is unit 503?

1,555 sqft (144.5 sqm): a two-bedroom apartment on the 5th floor of a 15-storey tower completed in 2020.

What is unit 503 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Topaz Avenue sold for AED 2,000,000 to 2,300,000 in the last 12 months, around AED 1,331 per sqft.

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Mortgage on 503, Topaz Avenue

Starts from the last sale price (AED 1.4M, 21 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,399,662
Deposit, UAE resident (20%)
AED 279,932
Deposit, non-resident (40%)
AED 559,865
Monthly over 25 years at 3.7%
AED 5,726

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