2-bed · 1,566 sqftTopaz Avenue, Al Furjan · 7th floor · completed 2020

704, 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 704 · DLD and Ejari recordsUpdated 2 October 2024
Last soldAED 1.41M26 August 2024
Current rentAED 203K /yr2 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 704, Topaz Avenue

What is 704 worth today?

Last sold for AED 1,409,157 in 2024

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2 Oct 2024RentedNew contract
AED 203,226/yr4 months · AED 130 per sqft
26 Aug 2024Sold by developerReady
AED 1,409,157AED 900 per sqft
10 Dec 2023RentedRenewal
AED 75,240/yr10 months · AED 48 per sqft
10 Dec 2022RentedRenewal
AED 75,000/yr12 months · AED 48 per sqft
10 Oct 2021RentedNew contract
AED 75,000/yr14 months · AED 48 per sqft
10 Oct 2021RentedNew contract
AED 75,000/yr14 months · AED 48 per sqft
1 Aug 2020RentedNew contract
AED 64,286/yr14 months · AED 41 per sqft

Source: Dubai Land Department. Updated 2 October 2024.

Key facts

Type
2-bed apartment
Size
1,566 sqft
Floor
7th of 15
Parking
P2-96
Developer
Grand Properties
Completed
2020
Last sold
AED 1.41M · August 2024
Building
Topaz Avenue

About 704, Topaz Avenue

704 is a two-bedroom apartment of 1,566 sqft on the 7th floor of Topaz Avenue, a 15-storey tower in Al Furjan completed in 2020 by Grand Properties. The developer sold it on 26 August 2024 for AED 1,409,157, or AED 900 per sqft, 5% below the AED 950 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, signed on 2 October 2024, is AED 203,226 a year: a gross yield of 14.4% on the 2024 price.

Sales and rents for 704 over time

Sales
Unit 704, 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, August 2024: AED 1,409,157 (AED 900 per sqft)

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

Rents
Unit 704, each contractTypical two-bed in Topaz Avenue
100K200K2020202220242026Typical 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, August 2020: AED 64,286 a yearNew contract, October 2021: AED 75,000 a yearNew contract, October 2021: AED 75,000 a yearRenewal, December 2022: AED 75,000 a yearRenewal, December 2023: AED 75,240 a yearNew contract, October 2024: AED 203,226 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 704 sits

All 152 2-beds →

704 last sold in August 2024 at AED 900 per sqft, 5% below what two-beds in Topaz Avenue were fetching at the time (AED 950). 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. 704's AED 203,226 is at the top 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 7th floor

All 208 units in Topaz Avenue
Value
7011-bedAED 952K · Sep 2024
7022-bedAED 1.42M · Jul 2024
7032-bedAED 1.4M · Jul 2024
7052-bedAED 1.49M · May 2024
7062-bedAED 1.48M · Aug 2024
7072-bedAED 1.8M · Jan 2025
7081-bedAED 1M · Aug 2024
1–7 of 15

704, Topaz Avenue in numbers

  • Sold once: by Grand Properties on 26 August 2024 for AED 1,409,157, or AED 900 per sqft.
  • Rented since August 2020 on 6 Ejari contracts, from AED 64,286 to AED 203,226 a year.
  • At AED 203,226 a year the gross yield on the 2024 price is 14.4%.
  • 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 2 October 2024.

Questions about 704, Topaz Avenue

What did unit 704 last sell for?

AED 1,409,157 on 26 August 2024, sold by the developer: AED 900 per sqft for 1,566 sqft. It is the only registered sale of the unit.

What is the rent for unit 704?

AED 203,226 a year on the contract signed on 2 October 2024. The previous contract, from December 2023, was AED 75,240; the unit has been rented since August 2020.

How big is unit 704?

1,566 sqft (145.5 sqm): a two-bedroom apartment on the 7th floor of a 15-storey tower completed in 2020.

What is unit 704 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 704, Topaz Avenue

Starts from the last sale price (AED 1.41M, 26 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,409,157
Deposit, UAE resident (20%)
AED 281,831
Deposit, non-resident (40%)
AED 563,663
Monthly over 25 years at 3.7%
AED 5,765

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