1-bed · 1,056 sqftTopaz Avenue, Al Furjan · 5th floor · completed 2020

508, Topaz Avenue

Sold prices and rental history: sold once, by the developer in August 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 508 · DLD and Ejari recordsUpdated 9 August 2024
Last soldAED 1M9 August 2024
Current rentAED 58K /yr28 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 508, Topaz Avenue

What is 508 worth today?

Last sold for AED 1,003,460 in 2024

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9 Aug 2024Sold by developerReady
AED 1,003,460AED 950 per sqft
28 Aug 2023RentedRenewal
AED 58,000/yr12 months · AED 55 per sqft
28 Aug 2022RentedRenewal
AED 58,000/yr12 months · AED 55 per sqft
28 Aug 2021RentedRenewal
AED 58,000/yr12 months · AED 55 per sqft
28 Jun 2020RentedNew contract
AED 49,714/yr14 months · AED 47 per sqft

Source: Dubai Land Department. Updated 9 August 2024.

Key facts

Type
1-bed apartment
Size
1,056 sqft
Floor
5th of 15
Parking
P2-73
Developer
Grand Properties
Completed
2020
Last sold
AED 1M · August 2024
Building
Topaz Avenue

About 508, Topaz Avenue

508 is a one-bedroom apartment of 1,056 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 9 August 2024 for AED 1,003,460, or AED 950 per sqft, in line with the AED 950 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 28 August 2023, is AED 58,000 a year: a gross yield of 5.8% on the 2024 price.

Sales and rents for 508 over time

Rents
Unit 508, each contractTypical one-bed in Topaz Avenue
60K80K2020202220242026Typical rent by year: 2020 AED 49,714; 2021 AED 55,000; 2022 AED 55,000; 2023 AED 55,177; 2024 AED 58,171; 2025 AED 80,000; 2026 AED 85,000New contract, June 2020: AED 49,714 a yearRenewal, August 2021: AED 58,000 a yearRenewal, August 2022: AED 58,000 a yearRenewal, August 2023: AED 58,000 a year

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

1-beds in Topaz Avenue, and where 508 sits

All 48 1-beds →

508 last sold in August 2024 at AED 950 per sqft, in line with what one-beds in Topaz Avenue were fetching at the time (AED 950). Over the last 12 months one-beds sold for AED 1,280,000, around AED 1,211 per sqft, and rent for AED 49,778 to 95,000 a year. 508's AED 58,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
10 Feb 20261,280,000
29 Jul 20251,280,000
7 Apr 20251,280,000
21 Nov 20241,004,891
1 1-bed sale 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
5032-bedAED 1.4M · May 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
1–7 of 15

508, Topaz Avenue in numbers

  • Sold once: by Grand Properties on 9 August 2024 for AED 1,003,460, or AED 950 per sqft.
  • Rented since June 2020 on 4 Ejari contracts, from AED 49,714 to AED 58,000 a year.
  • At AED 58,000 a year the gross yield on the 2024 price is 5.8%.
  • One-beds in Topaz Avenue sold for AED 1,280,000–1,280,000 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 9 August 2024.

Questions about 508, Topaz Avenue

What did unit 508 last sell for?

AED 1,003,460 on 9 August 2024, sold by the developer: AED 950 per sqft for 1,056 sqft. It is the only registered sale of the unit.

What is the rent for unit 508?

AED 58,000 a year on the contract renewed on 28 August 2023. The previous contract, from August 2022, was AED 58,000; the unit has been rented since June 2020.

How big is unit 508?

1,056 sqft (98.1 sqm): a one-bedroom apartment on the 5th floor of a 15-storey tower completed in 2020.

What is unit 508 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Topaz Avenue sold for AED 1,280,000 to 1,280,000 in the last 12 months, around AED 1,211 per sqft.

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Mortgage on 508, Topaz Avenue

Starts from the last sale price (AED 1M, 9 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,003,460
Deposit, UAE resident (20%)
AED 200,692
Deposit, non-resident (40%)
AED 401,384
Monthly over 25 years at 3.7%
AED 4,105

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