2-bed · 1,194 sqftVictoria Residency, Al Furjan · 10th floor · completed 2018

1003, Victoria Residency

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

Unit 1003 · DLD and Ejari recordsUpdated 20 November 2024
Last soldAED 1.38M24 April 2024
Current rentAED 60K /yr20 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1003, Victoria Residency

What is 1003 worth today?

Last sold for AED 1,375,000 in 2024

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20 Nov 2024RentedNew contract
AED 60,000/yr24 months · AED 50 per sqft
24 Apr 2024Sold by developerReady
AED 1,375,000AED 1,151 per sqft
20 Apr 2023RentedRenewal
AED 71,400/yr12 months · AED 60 per sqft
20 Apr 2022RentedNew contract
AED 68,000/yr12 months · AED 57 per sqft
15 Apr 2021RentedNew contract
AED 62,500/yr12 months · AED 52 per sqft
15 Apr 2020RentedNew contract
AED 74,500/yr12 months · AED 62 per sqft

Source: Dubai Land Department. Updated 20 November 2024.

Key facts

Type
2-bed apartment
Size
1,194 sqft
Floor
10th of 10
Parking
G-24, G-25
Developer
CPL Real Estate Development
Completed
2018
Service charge
AED 19,400 /yr
Last sold
AED 1.38M · April 2024

About 1003, Victoria Residency

1003 is a two-bedroom apartment of 1,194 sqft on the 10th floor of Victoria Residency, a 10-storey tower in Al Furjan completed in 2018 by CPL Real Estate Development . The developer sold it on 24 April 2024 for AED 1,375,000, or AED 1,151 per sqft, 13% above the AED 1,021 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 20 November 2024, is AED 60,000 a year: a gross yield of 4.4% on the 2024 price, before the service charge of about AED 19,400 a year.

Sales and rents for 1003 over time

Sales
Unit 1003, each saleTypical two-bed in Victoria Residency
1.2M1.4M2017202020232026Typical sale price by year: 2017 AED 1,232,315; 2023 AED 1,142,500; 2024 AED 1,375,000; 2025 AED 1,450,000Sold by developer, April 2024: AED 1,375,000 (AED 1,151 per sqft)

1003 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1003, each contractTypical two-bed in Victoria Residency
60K70K2018202120242027Typical rent by year: 2018 AED 65,000; 2019 AED 70,000; 2020 AED 70,000; 2021 AED 64,250; 2022 AED 68,125; 2023 AED 73,500; 2024 AED 75,000; 2025 AED 75,000; 2026 AED 75,000New contract, April 2020: AED 74,500 a yearNew contract, April 2021: AED 62,500 a yearNew contract, April 2022: AED 68,000 a yearRenewal, April 2023: AED 71,400 a yearNew contract, November 2024: AED 60,000 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 Victoria Residency, and where 1003 sits

All 39 2-beds →

1003 last sold in April 2024 at AED 1,151 per sqft, 13% above what two-beds in Victoria Residency were fetching at the time (AED 1,021). Over the last 12 months two-beds sold for AED 1,650,000, around AED 1,192 per sqft, and rent for AED 60,000 to 120,000 a year. 1003's AED 60,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
17 Apr 20261,650,000
25 Jul 20251,450,000
29 May 20251,380,000
29 Jan 20252,500,000
1 2-bed sale in the last 12 months

Victoria Residency

Building

103 apartments, 1-bed to 4-bed over 10 floors in Al Furjan, completed in 2018 by CPL Real Estate Development . 5 sold in the last 12 months.

Typical price per sqft
AED 1,196
Typical sale
AED 2.29M
Typical rent
AED 75K /yr
Typical yield
6.1%
Victoria Residency, Al Furjan: prices, sales and rents →

Other units on the 10th floor

All 103 units in Victoria Residency
Value
10013-bedAED 1.8M · Apr 2024
10022-bedNo registered sale
10042-bedAED 1.38M · Jul 2024
10053-bedAED 1.87M · Mar 2024
10064-bedNo registered sale

1003, Victoria Residency in numbers

  • Sold once: by CPL Real Estate Development on 24 April 2024 for AED 1,375,000, or AED 1,151 per sqft.
  • Rented since April 2020 on 5 Ejari contracts, from AED 74,500 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2024 price is 4.4%, before a service charge of about AED 19,400 a year (AED 16.25 per sqft).
  • Two-beds in Victoria Residency sold for AED 1,650,000–1,650,000 in the 12 months to November 2026; the building's median across all types is AED 1,196 per sqft.

Source: Dubai Land Department. Updated 20 November 2024.

Questions about 1003, Victoria Residency

What did unit 1003 last sell for?

AED 1,375,000 on 24 April 2024, sold by the developer: AED 1,151 per sqft for 1,194 sqft. It is the only registered sale of the unit.

What is the rent for unit 1003?

AED 60,000 a year on the contract signed on 20 November 2024. The previous contract, from April 2023, was AED 71,400; the unit has been rented since April 2020.

How big is unit 1003?

1,194 sqft (110.9 sqm): a two-bedroom apartment on the 10th floor of a 10-storey tower completed in 2018.

What is unit 1003 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Victoria Residency sold for AED 1,650,000 to 1,650,000 in the last 12 months, around AED 1,192 per sqft.

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Mortgage on 1003, Victoria Residency

Starts from the last sale price (AED 1.38M, 24 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,375,000
Deposit, UAE resident (20%)
AED 275,000
Deposit, non-resident (40%)
AED 550,000
Monthly over 25 years at 3.7%
AED 5,626

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