3-bed · 1,967 sqftVictoria Residency, Al Furjan · 5th floor · completed 2018

508, Victoria Residency

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

Unit 508 · DLD and Ejari recordsUpdated 7 October 2024
Last soldAED 2.05M7 October 2024
Current rentAED 92K /yr1 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 508, Victoria Residency

What is 508 worth today?

Last sold for AED 2,050,000 in 2024

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7 Oct 2024Sold by developerReady
AED 2,050,000AED 1,042 per sqft
1 Jan 2023RentedRenewal
AED 92,400/yr12 months · AED 47 per sqft
1 Jan 2022RentedRenewal
AED 88,000/yr12 months · AED 45 per sqft
1 Jan 2021RentedNew contract
AED 80,000/yr12 months · AED 41 per sqft
1 Aug 2019RentedNew contract
AED 95,000/yr12 months · AED 48 per sqft

Source: Dubai Land Department. Updated 7 October 2024.

Key facts

Type
3-bed apartment
Size
1,967 sqft
Floor
5th of 10
Parking
P-61, P-62
Developer
CPL Real Estate Development
Completed
2018
Service charge
AED 32,000 /yr
Last sold
AED 2.05M · October 2024

About 508, Victoria Residency

508 is a three-bedroom apartment of 1,967 sqft on the 5th floor of Victoria Residency, a 10-storey tower in Al Furjan completed in 2018 by CPL Real Estate Development . The developer sold it on 7 October 2024 for AED 2,050,000, or AED 1,042 per sqft, 8% 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, renewed on 1 January 2023, is AED 92,400 a year: a gross yield of 4.5% on the 2024 price, before the service charge of about AED 32,000 a year.

Sales and rents for 508 over time

Sales
Unit 508, 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, October 2024: AED 2,050,000 (AED 1,042 per sqft)

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

Rents
Unit 508, 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, January 2021: AED 80,000 a yearRenewal, January 2022: AED 88,000 a yearRenewal, January 2023: AED 92,400 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 508 sits

All 26 3-beds →

508 last sold in October 2024 at AED 1,042 per sqft, 8% 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. 508's AED 92,400 is at the bottom 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 5th floor

All 103 units in Victoria Residency
Value
5013-bedAED 2.3M · Jan 2026
5022-bedAED 1.2M · Mar 2017
5032-bedAED 1.16M · Apr 2017
5042-bedAED 1.18M · Apr 2017
5051-bedAED 785K · Aug 2019
5061-bedAED 802K · Mar 2024
5071-bedAED 825K · Sep 2024
1–7 of 10

508, Victoria Residency in numbers

  • Sold once: by CPL Real Estate Development on 7 October 2024 for AED 2,050,000, or AED 1,042 per sqft.
  • Rented since August 2019 on 4 Ejari contracts. The rent fell from AED 95,000 to AED 80,000 in 2021 and recovered to AED 92,400 by January 2023.
  • At AED 92,400 a year the gross yield on the 2024 price is 4.5%, before a service charge of about AED 32,000 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 7 October 2024.

Questions about 508, Victoria Residency

What did unit 508 last sell for?

AED 2,050,000 on 7 October 2024, sold by the developer: AED 1,042 per sqft for 1,967 sqft. It is the only registered sale of the unit.

What is the rent for unit 508?

AED 92,400 a year on the contract renewed on 1 January 2023. The previous contract, from January 2022, was AED 88,000; the unit has been rented since August 2019.

How big is unit 508?

1,967 sqft (182.7 sqm): a three-bedroom apartment on the 5th floor of a 10-storey tower completed in 2018.

What is unit 508 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 508, Victoria Residency

Starts from the last sale price (AED 2.05M, 7 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,050,000
Deposit, UAE resident (20%)
AED 410,000
Deposit, non-resident (40%)
AED 820,000
Monthly over 25 years at 3.7%
AED 8,387

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