3-bed · 1,922 sqftVictoria Residency, Al Furjan · 7th floor · completed 2018

701, Victoria Residency

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

Unit 701 · DLD and Ejari recordsUpdated 13 March 2024
Last soldAED 1.81M13 March 2024
Current rentAED 92K /yr10 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 701, Victoria Residency

What is 701 worth today?

Last sold for AED 1,810,000 in 2024

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13 Mar 2024Sold by developerReady
AED 1,810,000AED 941 per sqft
10 Jan 2023RentedRenewal
AED 92,400/yr12 months · AED 48 per sqft
10 Jan 2022RentedRenewal
AED 88,000/yr12 months · AED 46 per sqft
10 Jan 2021RentedNew contract
AED 80,000/yr12 months · AED 42 per sqft
15 Nov 2019RentedNew contract
AED 95,000/yr12 months · AED 49 per sqft

Source: Dubai Land Department. Updated 13 March 2024.

Key facts

Type
3-bed apartment
Size
1,922 sqft
Floor
7th of 10
Parking
P-82, P-83
Developer
CPL Real Estate Development
Completed
2018
Service charge
AED 31,200 /yr
Last sold
AED 1.81M · March 2024

About 701, Victoria Residency

701 is a three-bedroom apartment of 1,922 sqft on the 7th floor of Victoria Residency, a 10-storey tower in Al Furjan completed in 2018 by CPL Real Estate Development . The developer sold it on 13 March 2024 for AED 1,810,000, or AED 941 per sqft, in line with the AED 938 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 10 January 2023, is AED 92,400 a year: a gross yield of 5.1% on the 2024 price, before the service charge of about AED 31,200 a year.

Sales and rents for 701 over time

Sales
Unit 701, 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, March 2024: AED 1,810,000 (AED 941 per sqft)

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

Rents
Unit 701, 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, November 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 701 sits

All 26 3-beds →

701 last sold in March 2024 at AED 941 per sqft, in line with what three-beds in Victoria Residency were fetching at the time (AED 938). 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. 701'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 7th floor

All 103 units in Victoria Residency
Value
7022-bedAED 1.13M · Sep 2023
7032-bedAED 1.18M · May 2017
7042-bedAED 1.26M · Jul 2018
7051-bedAED 1.15M · May 2025
7061-bedAED 837K · Apr 2017
7071-bedAED 785K · Mar 2017
7083-bedAED 2.35M · Dec 2024
1–7 of 10

701, Victoria Residency in numbers

  • Sold once: by CPL Real Estate Development on 13 March 2024 for AED 1,810,000, or AED 941 per sqft.
  • Rented since November 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 5.1%, before a service charge of about AED 31,200 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 13 March 2024.

Questions about 701, Victoria Residency

What did unit 701 last sell for?

AED 1,810,000 on 13 March 2024, sold by the developer: AED 941 per sqft for 1,922 sqft. It is the only registered sale of the unit.

What is the rent for unit 701?

AED 92,400 a year on the contract renewed on 10 January 2023. The previous contract, from January 2022, was AED 88,000; the unit has been rented since November 2019.

How big is unit 701?

1,922 sqft (178.6 sqm): a three-bedroom apartment on the 7th floor of a 10-storey tower completed in 2018.

What is unit 701 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 701, Victoria Residency

Starts from the last sale price (AED 1.81M, 13 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,810,000
Deposit, UAE resident (20%)
AED 362,000
Deposit, non-resident (40%)
AED 724,000
Monthly over 25 years at 3.7%
AED 7,405

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