309, Avenue Residence 1
Sold prices and rental history: sold twice, last in October 2014, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 309, Avenue Residence 1
What is 309 worth today?
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Source: Dubai Land Department. Updated 13 April 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,563 sqft
- Floor
- 3rd of 10
- Parking
- G-58, G59
- Developer
- Nabni Real Estate Development
- Completed
- 2014
- Service charge
- AED 20,400 /yr
- Last sold
- AED 1.03M · October 2014
- Building
- Avenue Residence 1
About 309, Avenue Residence 1
309 is a two-bedroom apartment of 1,563 sqft on the 3rd floor of Avenue Residence 1, a 10-storey tower in Al Furjan completed in 2014 by Nabni Real Estate Development. It last sold on 20 October 2014 for AED 1,030,176, or AED 658 per sqft, 18% below the AED 799 two-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, renewed on 13 April 2024, is AED 80,000 a year: a gross yield of 7.8% on the 2014 price, before the service charge of about AED 20,400 a year.
Sales and rents for 309 over time
309 has sold twice; 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 Avenue Residence 1, and where 309 sits
All 64 2-beds →309 last sold in October 2014 at AED 658 per sqft, 18% below what two-beds in Avenue Residence 1 were fetching at the time (AED 799). Over the last 12 months two-beds sold for AED 692,008 to 1,500,000, around AED 949 per sqft, and rent for AED 76,650 to 115,000 a year. 309's AED 80,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 28 Jan 202628 January 2026 | 782 sqft | 692,008 | 884 | ||
| 16 Jan 202616 January 2026 | 1,480 sqft | 1,500,000 | 1,013 | ||
| 20 Jun 202520 June 2025 | 1,448 sqft | 1,550,000 | 1,070 | ||
| 14 Apr 202514 April 2025 | 1,297 sqft | 1,270,000 | 979 |
Avenue Residence 1
Building99 apartments, 1-bed to 3-bed over 10 floors in Al Furjan, completed in 2014 by Nabni Real Estate Development. 2 sold in the last 12 months.
- Typical price per sqft
- AED 949
- Typical sale
- AED 1.1M
- Typical rent
- AED 92K /yr
- Typical yield
- 8.0%
Other units on the 3rd floor
All 99 units in Avenue Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 3-bed | 1,930 sqft | AED 1.25MAED 1,253,030 · Oct 2014October 2014 | 150,000 /yr | |
| 302 | 2-bed | 1,191 sqft | AED 950KAED 950,000 · Sep 2024September 2024 | 66,000 /yr | |
| 303 | 1-bed | 811 sqft | AED 875KAED 875,000 · Oct 2014October 2014 | 52,400 /yr | |
| 304 | 2-bed | 1,478 sqft | AED 962KAED 961,926 · Oct 2014October 2014 | 100,000 /yr | |
| 305 | 2-bed | 1,304 sqft | AED 1.04MAED 1,036,918 · Oct 2014October 2014 | 100,000 /yr | |
| 306 | 3-bed | 1,557 sqft | AED 1.01MAED 1,011,376 · Oct 2014October 2014 | 100,000 /yr | |
| 307 | 2-bed | 1,442 sqft | AED 911KAED 911,324 · Oct 2014October 2014 | 75,000 /yr | |
| 308 | 2-bed | 1,295 sqft | AED 828KAED 828,426 · Mar 2015March 2015 | ||
| 310 | 1,029 sqft | AED 1.13MAED 1,130,000 · Aug 2025August 2025 | 80,081 /yr |
309, Avenue Residence 1 in numbers
- Sold twice: first on 26 September 2013 for AED 1,030,176, last on 20 October 2014 for AED 1,030,176 (AED 658 per sqft).
- Rented since March 2016 on 7 Ejari contracts. The rent fell from AED 105,000 to AED 58,000 in 2021 and recovered to AED 80,000 by April 2024.
- At AED 80,000 a year the gross yield on the 2014 price is 7.8%, before a service charge of about AED 20,400 a year (AED 13.05 per sqft).
- Two-beds in Avenue Residence 1 sold for AED 692,008–1,500,000 in the 12 months to November 2026; the building's median across all types is AED 949 per sqft.
Source: Dubai Land Department. Updated 13 April 2024.
Questions about 309, Avenue Residence 1
What did unit 309 last sell for?
AED 1,030,176 on 20 October 2014: AED 658 per sqft for 1,563 sqft. The unit has 2 registered sales; the first was AED 1,030,176 in September 2013.
What is the rent for unit 309?
AED 80,000 a year on the contract renewed on 13 April 2024. The previous contract, from April 2023, was AED 77,180; the unit has been rented since March 2016.
How big is unit 309?
1,563 sqft (145.2 sqm): a two-bedroom apartment on the 3rd floor of a 10-storey tower completed in 2014.
What is unit 309 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Avenue Residence 1 sold for AED 692,008 to 1,500,000 in the last 12 months, around AED 949 per sqft.
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Mortgage on 309, Avenue Residence 1
Starts from the last sale price (AED 1.03M, 20 October 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,030,176
- Deposit, UAE resident (20%)
- AED 206,035
- Deposit, non-resident (40%)
- AED 412,070
- Monthly over 25 years at 3.7%
- AED 4,215
Plus AED 48,277 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →