502, Al Fouad
Sold prices and rental history: sold once, by the developer in April 2022, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, Al Fouad
What is 502 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 20 May 2024.
Key facts
- Type
- Studio apartment
- Size
- 518 sqft
- Floor
- 5th of 10
- Parking
- B-19
- Developer
- Sooma Real Estate Developer
- Completed
- 2017
- Service charge
- AED 5,500 /yr
- Last sold
- AED 440K · April 2022
- Building
- Al Fouad
About 502, Al Fouad
502 is a studio of 518 sqft on the 5th floor of Al Fouad, a 10-storey tower in Al Furjan completed in 2017 by Sooma Real Estate Developer. The developer sold it on 20 April 2022 for AED 440,000, or AED 848 per sqft.
It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 20 May 2024, is AED 33,000 a year: a gross yield of 7.5% on the 2022 price, before the service charge of about AED 5,500 a year.
Sales and rents for 502 over time
502 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 Al Fouad, and where 502 sits
All 17 studios →502's AED 33,000 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Jun 202516 June 2025 | 518 sqft | 490,000 | 945 | ||
| 29 May 202529 May 2025 | 519 sqft | 590,000 | 1,137 | ||
| 16 Dec 202416 December 2024 | 519 sqft | 500,000 | 963 | ||
| 22 Jul 202422 July 2024 | 519 sqft | 470,000 | 905 |
Al Fouad
Building105 apartments, studios to 3-bed over 10 floors in Al Furjan, completed in 2017 by Sooma Real Estate Developer. 1 sold in the last 12 months.
- Typical price per sqft
- AED 945
- Typical sale
- AED 849K
- Typical rent
- AED 52K /yr
- Typical yield
- 7.7%
Other units on the 5th floor
All 105 units in Al Fouad| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 903 sqft | No registered sale | 51,000 /yr | |
| 503 | 2-bed | 1,168 sqft | AED 860KAED 860,000 · Jan 2024January 2024 | 95,000 /yr | |
| 504 | 1-bed | 898 sqft | No registered sale | 51,400 /yr | |
| 505 | 1-bed | 727 sqft | AED 605KAED 605,000 · Nov 2017November 2017 | 58,000 /yr | |
| 506 | 1-bed | 398 sqft | AED 284KAED 284,205 · Dec 2022December 2022 | 46,000 /yr | |
| 507 | 1-bed | 357 sqft | AED 256KAED 256,272 · Dec 2022December 2022 | 46,500 /yr | |
| 508 | 1-bed | 898 sqft | AED 600KAED 600,000 · Aug 2023August 2023 | 38,000 /yr | |
| 509 | 2-bed | 1,168 sqft | AED 946KAED 946,000 · May 2018May 2018 | 65,194 /yr | |
| 510 | Studio | 518 sqft | AED 435KAED 435,000 · Mar 2018March 2018 | 45,000 /yr | |
| 511 | 1-bed | 903 sqft | No registered sale | 50,000 /yr |
502, Al Fouad in numbers
- Sold once: by Sooma Real Estate Developer on 20 April 2022 for AED 440,000, or AED 848 per sqft.
- Rented since February 2019 on 6 Ejari contracts. The rent fell from AED 36,000 to AED 28,000 in 2022 and recovered to AED 33,000 by May 2024.
- At AED 33,000 a year the gross yield on the 2022 price is 7.5%, before a service charge of about AED 5,500 a year (AED 10.56 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 20 May 2024.
Questions about 502, Al Fouad
What did unit 502 last sell for?
AED 440,000 on 20 April 2022, sold by the developer: AED 848 per sqft for 518 sqft. It is the only registered sale of the unit.
What is the rent for unit 502?
AED 33,000 a year on the contract renewed on 20 May 2024. The previous contract, from May 2023, was AED 31,000; the unit has been rented since February 2019.
How big is unit 502?
518 sqft (48.1 sqm): a studio on the 5th floor of a 10-storey tower completed in 2017.
What is unit 502 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 502, Al Fouad
Starts from the last sale price (AED 440K, 20 April 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 440,000
- Deposit, UAE resident (20%)
- AED 88,000
- Deposit, non-resident (40%)
- AED 176,000
- Monthly over 25 years at 3.7%
- AED 1,800
Plus AED 21,390 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →