3-bed · 1,965 sqftVictoria Residency, Al Furjan · 4th floor · completed 2018

408, Victoria Residency

Sold prices and rental history: sold once, by the developer in September 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 408 · DLD and Ejari recordsUpdated 24 September 2024
Last soldAED 2M24 September 2024
Current rentAED 120K /yr1 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 408, Victoria Residency

What is 408 worth today?

Last sold for AED 2,000,000 in 2024

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24 Sep 2024Sold by developerReady
AED 2,000,000AED 1,017 per sqft
1 Jan 2023RentedNew contract
AED 120,000/yr12 months · AED 61 per sqft
1 Oct 2021RentedRenewal
AED 85,000/yr12 months · AED 43 per sqft
1 Oct 2020RentedNew contract
AED 85,000/yr12 months · AED 43 per sqft
1 Aug 2019RentedNew contract
AED 95,000/yr12 months · AED 48 per sqft

Source: Dubai Land Department. Updated 24 September 2024.

Key facts

Type
3-bed apartment
Size
1,965 sqft
Floor
4th of 10
Parking
G-44, G-45
Developer
CPL Real Estate Development
Completed
2018
Service charge
AED 31,900 /yr
Last sold
AED 2M · September 2024

About 408, Victoria Residency

408 is a three-bedroom apartment of 1,965 sqft on the 4th 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 September 2024 for AED 2,000,000, or AED 1,017 per sqft, 6% above the AED 961 three-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 1 January 2023, is AED 120,000 a year: a gross yield of 6.0% on the 2024 price, before the service charge of about AED 31,900 a year.

Sales and rents for 408 over time

Sales
Unit 408, each saleTypical three-bed in Victoria Residency
2M2017202020232026Typical sale price by year: 2017 AED 1,661,335; 2024 AED 1,870,000; 2025 AED 2,330,000Sold by developer, September 2024: AED 2,000,000 (AED 1,017 per sqft)

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

Rents
Unit 408, each contractTypical three-bed in Victoria Residency
100K150K20192021202320252027Typical rent by year: 2019 AED 95,000; 2020 AED 88,500; 2021 AED 85,000; 2022 AED 89,250; 2023 AED 100,000; 2024 AED 120,000; 2025 AED 157,500; 2026 AED 155,000New contract, August 2019: AED 95,000 a yearNew contract, October 2020: AED 85,000 a yearRenewal, October 2021: AED 85,000 a yearNew contract, January 2023: AED 120,000 a year

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

3-beds in Victoria Residency, and where 408 sits

All 26 3-beds →

408 last sold in September 2024 at AED 1,017 per sqft, 6% above what three-beds in Victoria Residency were fetching at the time (AED 961). Over the last 12 months three-beds sold for AED 2,290,000 to 2,425,000, around AED 1,202 per sqft, and rent for AED 100,000 to 165,000 a year. 408's AED 120,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
16 Jan 20262,300,000
16 Dec 20252,425,000
17 Nov 20252,290,000
2 Jul 20252,500,000
3 3-bed sales 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 4th floor

All 103 units in Victoria Residency
Value
4013-bedAED 1.7M · Nov 2017
4022-bedAED 1.22M · Mar 2017
4032-bedAED 1.16M · May 2017
404AED 1.07M · Aug 2023
4051-bedAED 975K · Jun 2025
4061-bedAED 826K · Feb 2017
4071-bedAED 800K · May 2024
1–7 of 10

408, Victoria Residency in numbers

  • Sold once: by CPL Real Estate Development on 24 September 2024 for AED 2,000,000, or AED 1,017 per sqft.
  • Rented since August 2019 on 4 Ejari contracts. The rent fell from AED 95,000 to AED 85,000 in 2021 and recovered to AED 120,000 by January 2023.
  • At AED 120,000 a year the gross yield on the 2024 price is 6.0%, before a service charge of about AED 31,900 a year (AED 16.25 per sqft).
  • Three-beds in Victoria Residency sold for AED 2,290,000–2,425,000 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 24 September 2024.

Questions about 408, Victoria Residency

What did unit 408 last sell for?

AED 2,000,000 on 24 September 2024, sold by the developer: AED 1,017 per sqft for 1,965 sqft. It is the only registered sale of the unit.

What is the rent for unit 408?

AED 120,000 a year on the contract signed on 1 January 2023. The previous contract, from October 2021, was AED 85,000; the unit has been rented since August 2019.

How big is unit 408?

1,965 sqft (182.6 sqm): a three-bedroom apartment on the 4th floor of a 10-storey tower completed in 2018.

What is unit 408 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Victoria Residency sold for AED 2,290,000 to 2,425,000 in the last 12 months, around AED 1,202 per sqft.

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Mortgage on 408, Victoria Residency

Starts from the last sale price (AED 2M, 24 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

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