1511, Afnan 1
Sold prices and rental history: sold once, by the developer in December 2015, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1511, Afnan 1
What is 1511 worth today?
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Source: Dubai Land Department. Updated 15 October 2024.
Key facts
- Type
- Studio apartment
- Size
- 427 sqft
- Floor
- 15th of 16
- Parking
- GZ2A07
- Developer
- Deyaar
- Completed
- 2019
- Service charge
- AED 7,100 /yr
- Last sold
- AED 421K · December 2015
- Building
- Afnan 1
About 1511, Afnan 1
1511 is a studio of 427 sqft on the 15th floor of Afnan 1, a 16-storey tower in Dubai Production City (IMPZ) completed in 2019 by Deyaar. The developer sold it on 21 December 2015 for AED 420,893, or AED 985 per sqft, in line with the AED 974 studios in the building were fetching at the time.
It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 15 October 2024, is AED 45,000 a year: a gross yield of 10.7% on the 2015 price, before the service charge of about AED 7,100 a year.
Sales and rents for 1511 over time
1511 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Afnan 1, and where 1511 sits
All 65 studios →1511 last sold in December 2015 at AED 985 per sqft, in line with what studios in Afnan 1 were fetching at the time (AED 974). Over the last 12 months studios sold for AED 520,000 to 600,000, around AED 1,294 per sqft, and rent for AED 25,000 to 60,000 a year. 1511's AED 45,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 May 202615 May 2026 | 441 sqft | 520,000 | 1,179 | ||
| 24 Apr 202624 April 2026 | 433 sqft | 525,000 | 1,213 | ||
| 25 Mar 202625 March 2026 | 433 sqft | 595,000 | 1,375 | ||
| 5 Mar 20265 March 2026 | 427 sqft | 600,000 | 1,405 |
Afnan 1
Building176 apartments, studios to 2-bed over 16 floors in Dubai Production City (IMPZ), completed in 2019 by Deyaar. 17 sold in the last 12 months.
- Typical price per sqft
- AED 1,222 Up 6.8%
- Typical sale
- AED 775K
- Typical rent
- AED 55K /yr
- Typical yield
- 7.8%
Other units on the 15th floor
All 176 units in Afnan 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | Studio | 426 sqft | AED 415KAED 415,227 · Dec 2015December 2015 | 40,000 /yr | |
| 1502 | Studio | 427 sqft | AED 484KAED 483,737 · Nov 2019November 2019 | 38,000 /yr | |
| 1503 | 1-bed | 621 sqft | AED 624KAED 623,887 · Jan 2016January 2016 | 56,000 /yr | |
| 1504 | 2-bed | 969 sqft | AED 937KAED 937,239 · Oct 2021October 2021 | ||
| 1505 | Studio | 433 sqft | AED 423KAED 423,443 · Dec 2015December 2015 | 21,000 /yr | |
| 1506 | Studio | 441 sqft | AED 428KAED 428,381 · Dec 2015December 2015 | 45,000 /yr | |
| 1507 | Studio | 441 sqft | AED 315KAED 315,000 · Jun 2020June 2020 | 41,000 /yr | |
| 1508 | Studio | 433 sqft | AED 595KAED 595,000 · Mar 2026March 2026 | 44,000 /yr | |
| 1509 | 2-bed | 969 sqft | AED 967KAED 967,151 · Oct 2016October 2016 | 83,000 /yr | |
| 1510 | 1-bed | 621 sqft | AED 677KAED 676,509 · Jun 2021June 2021 | ||
| 1512 | Studio | 426 sqft | AED 415KAED 415,227 · Nov 2015November 2015 | 47,000 /yr |
1511, Afnan 1 in numbers
- Sold once: by Deyaar on 21 December 2015 for AED 420,893, or AED 985 per sqft.
- Rented since June 2020 on 3 Ejari contracts. The rent fell from AED 12,000 to AED 10,000 in 2021 and recovered to AED 45,000 by October 2024.
- At AED 45,000 a year the gross yield on the 2015 price is 10.7%, before a service charge of about AED 7,100 a year (AED 16.58 per sqft).
- Studios in Afnan 1 sold for AED 520,000–600,000 in the 12 months to November 2026; the building's median across all types is AED 1,222 per sqft.
Source: Dubai Land Department. Updated 15 October 2024.
Questions about 1511, Afnan 1
What did unit 1511 last sell for?
AED 420,893 on 21 December 2015, sold by the developer: AED 985 per sqft for 427 sqft. It is the only registered sale of the unit.
What is the rent for unit 1511?
AED 45,000 a year on the contract signed on 15 October 2024. The previous contract, from October 2021, was AED 10,000; the unit has been rented since June 2020.
How big is unit 1511?
427 sqft (39.7 sqm): a studio on the 15th floor of a 16-storey tower completed in 2019.
What is unit 1511 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Afnan 1 sold for AED 520,000 to 600,000 in the last 12 months, around AED 1,294 per sqft.
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Mortgage on 1511, Afnan 1
Starts from the last sale price (AED 421K, 21 December 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 420,893
- Deposit, UAE resident (20%)
- AED 84,179
- Deposit, non-resident (40%)
- AED 168,357
- Monthly over 25 years at 3.7%
- AED 1,722
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →