2-bed · 1,083 sqftAfnan 5, Dubai Production City (IMPZ) · 3rd floor · completed 2019

311, Afnan 5

Sold prices and rental history: sold twice, last in October 2024, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 311 · DLD and Ejari recordsUpdated 16 October 2024
Last soldAED 1.2M16 October 2024
Current rentAED 96K /yr8 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 311, Afnan 5

What is 311 worth today?

Last sold for AED 1,200,000 in 2024

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16 Oct 2024SoldReady
AED 1,200,000AED 1,107 per sqft
8 Oct 2024RentedNew contract
AED 96,387/yr1 months · AED 89 per sqft
1 May 2024RentedRenewal
AED 63,000/yr3 months · AED 58 per sqft
1 May 2023RentedRenewal
AED 60,000/yr12 months · AED 55 per sqft
1 Apr 2022RentedNew contract
AED 56,000/yr13 months · AED 52 per sqft
6 Nov 2019Sold by developerOff-plan
AED 1,078,440AED 995 per sqft

Source: Dubai Land Department. Updated 16 October 2024.

Key facts

Type
2-bed apartment
Size
1,083 sqft
Floor
3rd of 7
Parking
BZ2A18
Developer
Deyaar
Completed
2019
Service charge
AED 18,000 /yr
Last sold
AED 1.2M · October 2024
Building
Afnan 5

About 311, Afnan 5

311 is a two-bedroom apartment of 1,083 sqft on the 3rd floor of Afnan 5, a 7-storey tower in Dubai Production City (IMPZ) completed in 2019 by Deyaar. It last sold on 16 October 2024 for AED 1,200,000, or AED 1,107 per sqft, 10% above the AED 1,009 two-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 8 October 2024, is AED 96,387 a year: a gross yield of 8.0% on the 2024 price, before the service charge of about AED 18,000 a year.

Sales and rents for 311 over time

Sales
Unit 311, each saleTypical two-bed in Afnan 5
1M1.25M1.5M20152018202120242027Typical sale price by year: 2015 AED 1,017,215; 2016 AED 1,041,887; 2017 AED 1,086,567; 2018 AED 1,122,668; 2019 AED 1,078,440; 2020 AED 1,056,363; 2021 AED 1,085,649; 2022 AED 1,202,636; 2023 AED 979,000; 2024 AED 1,160,567; 2025 AED 1,290,000; 2026 AED 1,455,000Sold by developer, November 2019: AED 1,078,440 (AED 995 per sqft)Sold, October 2024: AED 1,200,000 (AED 1,107 per sqft)

311 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 311, each contractTypical two-bed in Afnan 5
50K75K100K2020202220242026Typical rent by year: 2020 AED 50,000; 2021 AED 50,769; 2022 AED 56,350; 2023 AED 63,000; 2024 AED 75,000; 2025 AED 90,000; 2026 AED 90,000New contract, April 2022: AED 56,000 a yearRenewal, May 2023: AED 60,000 a yearRenewal, May 2024: AED 63,000 a yearNew contract, October 2024: AED 96,387 a year

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

2-beds in Afnan 5, and where 311 sits

All 111 2-beds →

311 last sold in October 2024 at AED 1,107 per sqft, 10% above what two-beds in Afnan 5 were fetching at the time (AED 1,009). Over the last 12 months two-beds sold for AED 1,300,000 to 1,600,000, around AED 1,251 per sqft, and rent for AED 23,396 to 150,000 a year. 311's AED 96,387 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
2 Nov 20261,500,000
10 Jul 20261,345,000
18 Jun 20261,410,000
21 May 20261,600,000
8 2-bed sales in the last 12 months

Afnan 5

Building

147 apartments, 1-bed to 3-bed over 7 floors in Dubai Production City (IMPZ), completed in 2019 by Deyaar. 10 sold in the last 12 months.

Typical price per sqft
AED 1,242 Up 6.9%
Typical sale
AED 1.46M
Typical rent
AED 85K /yr
Typical yield
6.6%
Afnan 5, Dubai Production City (IMPZ): prices, sales and rents →

Other units on the 3rd floor

All 147 units in Afnan 5
Value
3012-bedAED 1.13M · Aug 2023
3022-bedAED 1.07M · Aug 2022
3032-bedAED 1.11M · Jan 2024
3042-bedAED 1.08M · Nov 2019
3051-bedAED 805K · Jan 2026
3062-bedAED 1.15M · Aug 2024
3072-bedAED 1.13M · Dec 2015
1–7 of 20

311, Afnan 5 in numbers

  • Sold twice: first on 6 November 2019 for AED 1,078,440, last on 16 October 2024 for AED 1,200,000 (AED 1,107 per sqft).
  • Rented since April 2022 on 4 Ejari contracts, from AED 56,000 to AED 96,387 a year.
  • At AED 96,387 a year the gross yield on the 2024 price is 8.0%, before a service charge of about AED 18,000 a year (AED 16.58 per sqft).
  • Two-beds in Afnan 5 sold for AED 1,300,000–1,600,000 in the 12 months to November 2026; the building's median across all types is AED 1,242 per sqft.

Source: Dubai Land Department. Updated 16 October 2024.

Questions about 311, Afnan 5

What did unit 311 last sell for?

AED 1,200,000 on 16 October 2024: AED 1,107 per sqft for 1,083 sqft. The unit has 2 registered sales; the first was AED 1,078,440 in November 2019.

What is the rent for unit 311?

AED 96,387 a year on the contract signed on 8 October 2024. The previous contract, from May 2024, was AED 63,000; the unit has been rented since April 2022.

How big is unit 311?

1,083 sqft (100.6 sqm): a two-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2019.

What is unit 311 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Afnan 5 sold for AED 1,300,000 to 1,600,000 in the last 12 months, around AED 1,251 per sqft.

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Mortgage on 311, Afnan 5

Starts from the last sale price (AED 1.2M, 16 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

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