509, Al Fouad
Sold prices and rental history: sold once, by the developer in May 2018, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 509, Al Fouad
What is 509 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 28 March 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,168 sqft
- Floor
- 5th of 10
- Parking
- G-121
- Developer
- Sooma Real Estate Developer
- Completed
- 2017
- Service charge
- AED 12,300 /yr
- Last sold
- AED 946K · May 2018
- Building
- Al Fouad
About 509, Al Fouad
509 is a two-bedroom apartment of 1,168 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 9 May 2018 for AED 946,000, or AED 809 per sqft, in line with the AED 816 two-beds in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 28 March 2024, is AED 65,194 a year: a gross yield of 6.9% on the 2018 price, before the service charge of about AED 12,300 a year.
Sales and rents for 509 over time
509 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Al Fouad, and where 509 sits
All 18 2-beds →509 last sold in May 2018 at AED 809 per sqft, in line with what two-beds in Al Fouad were fetching at the time (AED 816).
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Jul 202423 July 2024 | 1,170 sqft | 1,075,000 | 918 | ||
| 5 Apr 20245 April 2024 | 1,169 sqft | 855,000 | 731 | ||
| 19 Jan 202419 January 2024 | 1,168 sqft | 860,000 | 736 | ||
| 10 Jan 202410 January 2024 | 1,170 sqft | 950,000 | 811 |
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 | |
| 502 | Studio | 518 sqft | AED 440KAED 440,000 · Apr 2022April 2022 | 33,000 /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 | |
| 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 |
509, Al Fouad in numbers
- Sold once: by Sooma Real Estate Developer on 9 May 2018 for AED 946,000, or AED 809 per sqft.
- Rented since March 2022 on 3 Ejari contracts, from AED 56,000 to AED 65,194 a year.
- At AED 65,194 a year the gross yield on the 2018 price is 6.9%, before a service charge of about AED 12,300 a year (AED 10.56 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 28 March 2024.
Questions about 509, Al Fouad
What did unit 509 last sell for?
AED 946,000 on 9 May 2018, sold by the developer: AED 809 per sqft for 1,168 sqft. It is the only registered sale of the unit.
What is the rent for unit 509?
AED 65,194 a year on the contract renewed on 28 March 2024. The previous contract, from March 2023, was AED 65,000; the unit has been rented since March 2022.
How big is unit 509?
1,168 sqft (108.5 sqm): a two-bedroom apartment on the 5th floor of a 10-storey tower completed in 2017.
What is unit 509 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 509, Al Fouad
Starts from the last sale price (AED 946K, 9 May 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 946,000
- Deposit, UAE resident (20%)
- AED 189,200
- Deposit, non-resident (40%)
- AED 378,400
- Monthly over 25 years at 3.7%
- AED 3,870
Plus AED 44,742 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →