2-bed · 1,134 sqftAfnan 5, Dubai Production City (IMPZ) · 5th floor · completed 2019

502, Afnan 5

Sold prices and rental history: sold twice, last in July 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 15 February 2024
Last soldAED 975K26 July 2023
Current rentAED 124K /yr15 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 502, Afnan 5

What is 502 worth today?

Last sold for AED 975,000 in 2023

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15 Feb 2024RentedRenewal
AED 124,000/yr6 months · AED 110 per sqft
26 Jul 2023SoldReady
AED 975,000AED 859 per sqft
15 Feb 2023RentedNew contract
AED 60,000/yr12 months · AED 53 per sqft
1 Mar 2022RentedRenewal
AED 48,000/yr12 months · AED 42 per sqft
1 Mar 2021RentedRenewal
AED 48,000/yr12 months · AED 42 per sqft
1 Mar 2020RentedNew contract
AED 55,000/yr12 months · AED 49 per sqft
15 Dec 2015Sold by developerOff-plan
AED 1,079,166AED 951 per sqft

Source: Dubai Land Department. Updated 15 February 2024.

Key facts

Type
2-bed apartment
Size
1,134 sqft
Floor
5th of 7
Parking
BZ2A01
Developer
Deyaar
Completed
2019
Service charge
AED 18,800 /yr
Last sold
AED 975K · July 2023
Building
Afnan 5

About 502, Afnan 5

502 is a two-bedroom apartment of 1,134 sqft on the 5th floor of Afnan 5, a 7-storey tower in Dubai Production City (IMPZ) completed in 2019 by Deyaar. It last sold on 26 July 2023 for AED 975,000, or AED 859 per sqft, in line with the AED 853 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 15 February 2024, is AED 124,000 a year: a gross yield of 12.7% on the 2023 price, before the service charge of about AED 18,800 a year.

Sales and rents for 502 over time

Sales
Unit 502, 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, December 2015: AED 1,079,166 (AED 951 per sqft)Sold, July 2023: AED 975,000 (AED 859 per sqft)

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

Rents
Unit 502, each contractTypical two-bed in Afnan 5
50K100K2020202220242026Typical 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, March 2020: AED 55,000 a yearRenewal, March 2021: AED 48,000 a yearRenewal, March 2022: AED 48,000 a yearNew contract, February 2023: AED 60,000 a yearRenewal, February 2024: AED 124,000 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 502 sits

All 111 2-beds →

502 last sold in July 2023 at AED 859 per sqft, in line with what two-beds in Afnan 5 were fetching at the time (AED 853). 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. 502's AED 124,000 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 5th floor

All 147 units in Afnan 5
Value
5012-bedAED 1.09M · Apr 2021
5032-bedAED 1.09M · Jan 2016
5042-bedAED 950K · Sep 2023
5051-bedAED 757K · Feb 2016
5062-bedAED 1.15M · Jan 2023
5073-bedAED 1.49M · May 2018
5083-bedAED 1.29M · Jul 2022
1–7 of 20

502, Afnan 5 in numbers

  • Sold twice: first on 15 December 2015 for AED 1,079,166, last on 26 July 2023 for AED 975,000 (AED 859 per sqft).
  • Rented since March 2020 on 5 Ejari contracts. The rent fell from AED 55,000 to AED 48,000 in 2022 and recovered to AED 124,000 by February 2024.
  • At AED 124,000 a year the gross yield on the 2023 price is 12.7%, before a service charge of about AED 18,800 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 15 February 2024.

Questions about 502, Afnan 5

What did unit 502 last sell for?

AED 975,000 on 26 July 2023: AED 859 per sqft for 1,134 sqft. The unit has 2 registered sales; the first was AED 1,079,166 in December 2015.

What is the rent for unit 502?

AED 124,000 a year on the contract renewed on 15 February 2024. The previous contract, from February 2023, was AED 60,000; the unit has been rented since March 2020.

How big is unit 502?

1,134 sqft (105.4 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower completed in 2019.

What is unit 502 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 502, Afnan 5

Starts from the last sale price (AED 975K, 26 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 975,000
Deposit, UAE resident (20%)
AED 195,000
Deposit, non-resident (40%)
AED 390,000
Monthly over 25 years at 3.7%
AED 3,989

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