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

705, Topaz Avenue

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

Unit 705 · DLD and Ejari recordsUpdated 22 May 2024
Last soldAED 1.49M22 May 2024
Current rentAED 78K /yr5 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 705, Topaz Avenue

What is 705 worth today?

Last sold for AED 1,487,339 in 2024

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22 May 2024Sold by developerReady
AED 1,487,339AED 950 per sqft
5 Dec 2022RentedRenewal
AED 78,000/yr12 months · AED 50 per sqft
5 Oct 2021RentedNew contract
AED 78,000/yr14 months · AED 50 per sqft
24 Jul 2020RentedNew contract
AED 66,857/yr14 months · AED 43 per sqft

Source: Dubai Land Department. Updated 22 May 2024.

Key facts

Type
2-bed apartment
Size
1,566 sqft
Floor
7th of 15
Parking
P2-120
Developer
Grand Properties
Completed
2020
Last sold
AED 1.49M · May 2024
Building
Topaz Avenue

About 705, Topaz Avenue

705 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 22 May 2024 for AED 1,487,339, or AED 950 per sqft, 6% above the AED 900 two-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 5 December 2022, is AED 78,000 a year: a gross yield of 5.2% on the 2024 price.

Sales and rents for 705 over time

Sales
Unit 705, 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 1,487,339 (AED 950 per sqft)

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

Rents
Unit 705, 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 2020: AED 66,857 a yearNew contract, October 2021: AED 78,000 a yearRenewal, December 2022: AED 78,000 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 705 sits

All 152 2-beds →

705 last sold in May 2024 at AED 950 per sqft, 6% above what two-beds in Topaz Avenue were fetching at the time (AED 900). 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. 705's AED 78,000 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 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
7042-bedAED 1.41M · Aug 2024
7062-bedAED 1.48M · Aug 2024
7072-bedAED 1.8M · Jan 2025
7081-bedAED 1M · Aug 2024
1–7 of 15

705, Topaz Avenue in numbers

  • Sold once: by Grand Properties on 22 May 2024 for AED 1,487,339, or AED 950 per sqft.
  • Rented since July 2020 on 3 Ejari contracts, from AED 66,857 to AED 78,000 a year.
  • At AED 78,000 a year the gross yield on the 2024 price is 5.2%.
  • 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 22 May 2024.

Questions about 705, Topaz Avenue

What did unit 705 last sell for?

AED 1,487,339 on 22 May 2024, sold by the developer: AED 950 per sqft for 1,566 sqft. It is the only registered sale of the unit.

What is the rent for unit 705?

AED 78,000 a year on the contract renewed on 5 December 2022. The previous contract, from October 2021, was AED 78,000; the unit has been rented since July 2020.

How big is unit 705?

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 705 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 705, Topaz Avenue

Starts from the last sale price (AED 1.49M, 22 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,487,339
Deposit, UAE resident (20%)
AED 297,468
Deposit, non-resident (40%)
AED 594,936
Monthly over 25 years at 3.7%
AED 6,085

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