701, Avenue Residence 1
Sold prices and rental history: sold 3 times, last in October 2014, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, Avenue Residence 1
What is 701 worth today?
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Source: Dubai Land Department. Updated 16 July 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 1,929 sqft
- Floor
- 7th of 10
- Parking
- P-24, P-25
- Developer
- Nabni Real Estate Development
- Completed
- 2014
- Service charge
- AED 25,200 /yr
- Last sold
- AED 1.66M · October 2014
- Building
- Avenue Residence 1
About 701, Avenue Residence 1
701 is a three-bedroom apartment of 1,929 sqft on the 7th floor of Avenue Residence 1, a 10-storey tower in Al Furjan completed in 2014 by Nabni Real Estate Development. It last sold on 27 October 2014 for AED 1,664,984, or AED 863 per sqft, 5% above the AED 821 three-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, renewed on 16 July 2025, is AED 80,000 a year: a gross yield of 4.8% on the 2014 price, before the service charge of about AED 25,200 a year.
Sales and rents for 701 over time
701 has sold 3 times; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Avenue Residence 1, and where 701 sits
All 20 3-beds →701 last sold in October 2014 at AED 863 per sqft, 5% above what three-beds in Avenue Residence 1 were fetching at the time (AED 821). 701's AED 80,000 is at the bottom of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Apr 202523 April 2025 | 1,959 sqft | 2,350,000 | 1,199 | ||
| 26 Dec 202426 December 2024 | 1,927 sqft | 2,100,000 | 1,089 | ||
| 24 Oct 202424 October 2024 | 1,927 sqft | 2,050,000 | 1,063 | ||
| 4 Jun 20244 June 2024 | 1,927 sqft | 1,865,000 | 967 |
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 7th floor
All 99 units in Avenue Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 2-bed | 1,191 sqft | AED 969KAED 969,219 · Oct 2014October 2014 | 55,000 /yr | |
| 703 | 1-bed | 811 sqft | AED 710KAED 710,000 · May 2023May 2023 | 45,000 /yr | |
| 704 | 2-bed | 1,480 sqft | AED 500KAED 500,000 · Sep 2022September 2022 | 60,000 /yr | |
| 705 | 2-bed | 1,304 sqft | AED 1.21MAED 1,208,477 · Dec 2014December 2014 | 78,750 /yr | |
| 706 | 3-bed | 1,559 sqft | AED 1.29MAED 1,285,165 · Oct 2014October 2014 | 104,500 /yr | |
| 707 | 2-bed | 1,443 sqft | AED 800KAED 800,000 · Feb 2019February 2019 | 100,000 /yr | |
| 708 | 2-bed | 1,297 sqft | AED 1.01MAED 1,006,314 · Oct 2014October 2014 | 85,000 /yr | |
| 709 | 2-bed | 1,537 sqft | AED 1.1MAED 1,100,000 · May 2023May 2023 | 69,300 /yr | |
| 710 | 2-bed | 1,026 sqft | AED 869KAED 868,644 · Oct 2014October 2014 | 76,650 /yr |
701, Avenue Residence 1 in numbers
- Sold 3 times: first on 19 October 2013 for AED 1,541,652, last on 27 October 2014 for AED 1,664,984 (AED 863 per sqft).
- Rented since July 2017 on 7 Ejari contracts, at AED 80,000 a year.
- At AED 80,000 a year the gross yield on the 2014 price is 4.8%, before a service charge of about AED 25,200 a year (AED 13.05 per sqft).
Source: Dubai Land Department. Updated 16 July 2025.
Questions about 701, Avenue Residence 1
What did unit 701 last sell for?
AED 1,664,984 on 27 October 2014: AED 863 per sqft for 1,929 sqft. The unit has 3 registered sales; the first was AED 1,541,652 in October 2013.
What is the rent for unit 701?
AED 80,000 a year on the contract renewed on 16 July 2025. The previous contract, from July 2024, was AED 80,000; the unit has been rented since July 2017.
How big is unit 701?
1,929 sqft (179.2 sqm): a three-bedroom apartment on the 7th floor of a 10-storey tower completed in 2014.
What is unit 701 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 701, Avenue Residence 1
Starts from the last sale price (AED 1.66M, 27 October 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,664,984
- Deposit, UAE resident (20%)
- AED 332,997
- Deposit, non-resident (40%)
- AED 665,994
- Monthly over 25 years at 3.7%
- AED 6,812
Plus AED 74,939 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →