1008, Avenue Residence 2
Sold prices and rental history: sold twice, last in May 2022, 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 1008, Avenue Residence 2
What is 1008 worth today?
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Source: Dubai Land Department. Updated 12 May 2022.
Key facts
- Type
- Apartment
- Size
- 2,019 sqft
- Floor
- 10th of 10
- Parking
- P-31, P-32
- Developer
- Nabni Real Estate Development
- Completed
- 2015
- Service charge
- AED 24,600 /yr
- Last sold
- AED 1.49M · May 2022
- Building
- Avenue Residence 2
About 1008, Avenue Residence 2
1008 is an apartment of 2,019 sqft on the 10th floor of Avenue Residence 2, a 10-storey tower in Al Furjan completed in 2015 by Nabni Real Estate Development. It last sold on 12 May 2022 for AED 1,485,000, or AED 735 per sqft.
It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 18 October 2021, is AED 95,000 a year: a gross yield of 6.4% on the 2022 price, before the service charge of about AED 24,600 a year.
Avenue Residence 2
Building95 apartments, 1-bed to 3-bed over 10 floors in Al Furjan, completed in 2015 by Nabni Real Estate Development. 3 sold in the last 12 months.
- Typical price per sqft
- AED 1,170
- Typical sale
- AED 1.3M
- Typical rent
- AED 91K /yr
- Typical yield
- 6.7%
Other units on the 10th floor
All 95 units in Avenue Residence 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | 3-bed | 1,957 sqft | AED 1.48MAED 1,480,000 · Oct 2021October 2021 | 93,500 /yr | |
| 1002 | 2-bed | 1,104 sqft | AED 1.09MAED 1,085,622 · Oct 2015October 2015 | 85,000 /yr | |
| 1003 | 1-bed | 835 sqft | AED 1.3MAED 1,300,000 · Feb 2026February 2026 | 85,000 /yr | |
| 1004 | 2-bed | 1,397 sqft | AED 1MAED 1,001,462 · Mar 2017March 2017 | 73,000 /yr | |
| 1005 | 2-bed | 1,324 sqft | AED 952KAED 951,944 · Mar 2017March 2017 | 80,850 /yr | |
| 1006 | 2-bed | 1,227 sqft | AED 881KAED 881,279 · Mar 2017March 2017 | 70,000 /yr | |
| 1007 | 2-bed | 1,817 sqft | AED 841KAED 841,266 · Aug 2016August 2016 | 90,000 /yr | |
| 1009 | 2-bed | 1,143 sqft | AED 844KAED 844,018 · Mar 2017March 2017 | 100,000 /yr |
1008, Avenue Residence 2 in numbers
- Sold twice: first on 17 August 2016 for AED 936,824, last on 12 May 2022 for AED 1,485,000 (AED 735 per sqft).
- Rented since April 2017 on 4 Ejari contracts. The rent fell from AED 130,000 to AED 85,000 in 2020 and recovered to AED 95,000 by October 2021.
- At AED 95,000 a year the gross yield on the 2022 price is 6.4%, before a service charge of about AED 24,600 a year (AED 12.18 per sqft).
Source: Dubai Land Department. Updated 12 May 2022.
Questions about 1008, Avenue Residence 2
What did unit 1008 last sell for?
AED 1,485,000 on 12 May 2022: AED 735 per sqft for 2,019 sqft. The unit has 2 registered sales; the first was AED 936,824 in August 2016.
What is the rent for unit 1008?
AED 95,000 a year on the contract signed on 18 October 2021. The previous contract, from April 2020, was AED 85,000; the unit has been rented since April 2017.
How big is unit 1008?
2,019 sqft (187.6 sqm): an apartment on the 10th floor of a 10-storey tower completed in 2015.
What is unit 1008 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 1008, Avenue Residence 2
Starts from the last sale price (AED 1.49M, 12 May 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,485,000
- Deposit, UAE resident (20%)
- AED 297,000
- Deposit, non-resident (40%)
- AED 594,000
- Monthly over 25 years at 3.7%
- AED 6,076
Plus AED 67,380 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →