1-bed · 637 sqftAfnan 2, Dubai Production City (IMPZ) · 7th floor · completed 2019

706, Afnan 2

Sold prices and rental history: sold once, by the developer in June 2021, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 706 · DLD and Ejari recordsUpdated 12 August 2024
Last soldAED 704K23 June 2021
Current rentAED 40K /yr12 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 706, Afnan 2

What is 706 worth today?

Last sold for AED 704,067 in 2021

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12 Aug 2024RentedNew contract
AED 40,000/yr12 months · AED 63 per sqft
1 Jul 2022RentedRenewal
AED 26,000/yr12 months · AED 41 per sqft
1 Jul 2021RentedNew contract
AED 26,000/yr12 months · AED 41 per sqft
23 Jun 2021Sold by developerReady
AED 704,067AED 1,104 per sqft

Source: Dubai Land Department. Updated 12 August 2024.

Key facts

Type
1-bed apartment
Size
637 sqft
Floor
7th of 8
Parking
BZ2G04
Developer
Deyaar
Completed
2019
Service charge
AED 10,600 /yr
Last sold
AED 704K · June 2021
Building
Afnan 2

About 706, Afnan 2

706 is a one-bedroom apartment of 637 sqft on the 7th floor of Afnan 2, a 8-storey tower in Dubai Production City (IMPZ) completed in 2019 by Deyaar. The developer sold it on 23 June 2021 for AED 704,067, or AED 1,104 per sqft, in line with the AED 1,081 one-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 12 August 2024, is AED 40,000 a year: a gross yield of 5.7% on the 2021 price, before the service charge of about AED 10,600 a year.

Sales and rents for 706 over time

Sales
Unit 706, each saleTypical one-bed in Afnan 2
600K700K800K20152018202120242027Typical sale price by year: 2015 AED 683,199; 2016 AED 663,002; 2019 AED 778,121; 2021 AED 704,067; 2022 AED 677,339; 2023 AED 602,500; 2024 AED 727,500; 2025 AED 757,500; 2026 AED 822,500Sold by developer, June 2021: AED 704,067 (AED 1,104 per sqft)

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

Rents
Unit 706, each contractTypical one-bed in Afnan 2
20K40K60K2020202220242026Typical rent by year: 2020 AED 32,000; 2021 AED 32,000; 2022 AED 36,000; 2023 AED 42,000; 2024 AED 58,000; 2025 AED 62,500; 2026 AED 60,000New contract, July 2021: AED 26,000 a yearRenewal, July 2022: AED 26,000 a yearNew contract, August 2024: AED 40,000 a year

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

1-beds in Afnan 2, and where 706 sits

All 79 1-beds →

706 last sold in June 2021 at AED 1,104 per sqft, in line with what one-beds in Afnan 2 were fetching at the time (AED 1,081). Over the last 12 months one-beds sold for AED 780,000 to 1,100,000, around AED 1,259 per sqft, and rent for AED 39,600 to 75,000 a year. 706's AED 40,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
23 Sep 2026805,000
22 Jul 20269,393
6 Jul 2026810,000
9 Jun 2026780,000
10 1-bed sales in the last 12 months

Afnan 2

Building

80 apartments, studios to 1-bed over 8 floors in Dubai Production City (IMPZ), completed in 2019 by Deyaar. 10 sold in the last 12 months.

Typical price per sqft
AED 1,259 Up 9.3%
Typical sale
AED 823K
Typical rent
AED 60K /yr
Typical yield
7.4%
Afnan 2, Dubai Production City (IMPZ): prices, sales and rents →

Other units on the 7th floor

All 80 units in Afnan 2
Value
7011-bedAED 577K · Jun 2023
7021-bedAED 485K · Apr 2023
7031-bedAED 730K · Sep 2024
7041-bedAED 732K · Jan 2016
7051-bedAED 743K · Oct 2024
7071-bedAED 779K · Feb 2022
7081-bedAED 700K · Nov 2023
1–7 of 9

706, Afnan 2 in numbers

  • Sold once: by Deyaar on 23 June 2021 for AED 704,067, or AED 1,104 per sqft.
  • Rented since July 2021 on 3 Ejari contracts, from AED 26,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2021 price is 5.7%, before a service charge of about AED 10,600 a year (AED 16.58 per sqft).
  • One-beds in Afnan 2 sold for AED 780,000–1,100,000 in the 12 months to November 2026; the building's median across all types is AED 1,259 per sqft.

Source: Dubai Land Department. Updated 12 August 2024.

Questions about 706, Afnan 2

What did unit 706 last sell for?

AED 704,067 on 23 June 2021, sold by the developer: AED 1,104 per sqft for 637 sqft. It is the only registered sale of the unit.

What is the rent for unit 706?

AED 40,000 a year on the contract signed on 12 August 2024. The previous contract, from July 2022, was AED 26,000; the unit has been rented since July 2021.

How big is unit 706?

637 sqft (59.2 sqm): a one-bedroom apartment on the 7th floor of a 8-storey tower completed in 2019.

What is unit 706 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Afnan 2 sold for AED 780,000 to 1,100,000 in the last 12 months, around AED 1,259 per sqft.

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Mortgage on 706, Afnan 2

Starts from the last sale price (AED 704K, 23 June 2021). Switch to today's estimate once you have unlocked it.
Price
AED 704,067
Deposit, UAE resident (20%)
AED 140,813
Deposit, non-resident (40%)
AED 281,627
Monthly over 25 years at 3.7%
AED 2,881

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