505, Forum Residences
Sold prices and rental history: sold once, by the developer in May 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Forum Residences
What is 505 worth today?
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Source: Dubai Land Department. Updated 23 May 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,158 sqft
- Floor
- 5th of 8
- Parking
- G-34
- Developer
- Varnada Real Estate Development
- Completed
- 2023
- Last sold
- AED 1.2M · May 2024
- Building
- Forum Residences
About 505, Forum Residences
505 is a two-bedroom apartment of 1,158 sqft on the 5th floor of Forum Residences, a 8-storey tower in Majan completed in 2023 by Varnada Real Estate Development . The developer sold it on 23 May 2024 for AED 1,200,000, or AED 1,035 per sqft, 30% above the AED 796 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 505 over time
505 has sold once; the dashed line is the two-bed median of each year in the building.
2-beds in Forum Residences, and where 505 sits
All 14 2-beds →505 last sold in May 2024 at AED 1,035 per sqft, 30% above what two-beds in Forum Residences were fetching at the time (AED 796). Over the last 12 months two-beds sold for AED 1,300,000 to 1,310,000, around AED 1,126 per sqft, and rent for AED 93,386 to 93,386 a year.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 8 Apr 20268 April 2026 | 1,158 sqft | 1,305,000 | 1,126 | ||
| 28 Mar 202628 March 2026 | 1,158 sqft | 1,310,000 | 1,130 | ||
| 11 Feb 202611 February 2026 | 1,158 sqft | 1,300,000 | 1,122 | ||
| 20 Apr 202520 April 2025 | 1,158 sqft | 1,320,000 | 1,139 |
Forum Residences
Building43 apartments, 1-bed to 2-bed over 8 floors in Majan, completed in 2023 by Varnada Real Estate Development . 8 sold in the last 12 months.
- Typical price per sqft
- AED 1,103
- Typical sale
- AED 1.07M
- Typical rent
- AED 68K /yr
- Typical yield
- 6.8%
Other units on the 5th floor
All 43 units in Forum Residences| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 987 sqft | AED 840KAED 840,000 · Apr 2024April 2024 | ||
| 502 | 1-bed | 986 sqft | AED 1.07MAED 1,070,000 · Sep 2026September 2026 | 66,000 /yr | |
| 503 | 1-bed | 919 sqft | No registered sale | 65,100 /yr | |
| 504 | 1-bed | 898 sqft | AED 840KAED 840,000 · Jun 2024June 2024 | 68,000 /yr | |
| 506 | 2-bed | 1,158 sqft | AED 1.3MAED 1,300,000 · Feb 2026February 2026 |
505, Forum Residences in numbers
- Sold once: by Varnada Real Estate Development on 23 May 2024 for AED 1,200,000, or AED 1,035 per sqft.
- Two-beds in Forum Residences sold for AED 1,300,000–1,310,000 in the 12 months to November 2026; the building's median across all types is AED 1,103 per sqft.
Source: Dubai Land Department. Updated 23 May 2024.
Questions about 505, Forum Residences
What did unit 505 last sell for?
AED 1,200,000 on 23 May 2024, sold by the developer: AED 1,035 per sqft for 1,158 sqft. It is the only registered sale of the unit.
How big is unit 505?
1,158 sqft (107.6 sqm): a two-bedroom apartment on the 5th floor of a 8-storey tower completed in 2023.
What is unit 505 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Forum Residences sold for AED 1,300,000 to 1,310,000 in the last 12 months, around AED 1,126 per sqft.
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Mortgage on 505, Forum Residences
Starts from the last sale price (AED 1.2M, 23 May 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 →