408, Avenue Residence 2
Sold prices and rental history: sold twice, last in March 2023, 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 408, Avenue Residence 2
What is 408 worth today?
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Source: Dubai Land Department. Updated 6 March 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 881 sqft
- Floor
- 4th of 10
- Parking
- G-43
- Developer
- Nabni Real Estate Development
- Completed
- 2015
- Service charge
- AED 10,700 /yr
- Last sold
- AED 710K · March 2023
- Building
- Avenue Residence 2
About 408, Avenue Residence 2
408 is a one-bedroom apartment of 881 sqft on the 4th floor of Avenue Residence 2, a 10-storey tower in Al Furjan completed in 2015 by Nabni Real Estate Development. It last sold on 6 March 2023 for AED 710,000, or AED 805 per sqft, in line with the AED 802 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, renewed on 27 May 2022, is AED 47,300 a year: a gross yield of 6.7% on the 2023 price, before the service charge of about AED 10,700 a year.
Sales and rents for 408 over time
408 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Avenue Residence 2, and where 408 sits
All 22 1-beds →408 last sold in March 2023 at AED 805 per sqft, in line with what one-beds in Avenue Residence 2 were fetching at the time (AED 802). Over the last 12 months one-beds sold for AED 1,030,000 to 1,300,000, around AED 1,362 per sqft, and rent for AED 78,000 to 78,000 a year.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Feb 20262 February 2026 | 835 sqft | 1,300,000 | 1,556 | ||
| 20 Jan 202620 January 2026 | 881 sqft | 1,030,000 | 1,168 | ||
| 15 May 202515 May 2025 | 833 sqft | 1,050,000 | 1,260 | ||
| 24 Dec 202424 December 2024 | 934 sqft | 1,000,000 | 1,070 |
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 4th floor
All 95 units in Avenue Residence 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 3-bed | 1,957 sqft | AED 2.05MAED 2,050,000 · Dec 2024December 2024 | 85,000 /yr | |
| 402 | 2-bed | 1,104 sqft | AED 947KAED 947,000 · Aug 2022August 2022 | 70,000 /yr | |
| 403 | 1-bed | 835 sqft | AED 990KAED 990,000 · Nov 2024November 2024 | 78,000 /yr | |
| 404 | 2-bed | 1,397 sqft | AED 1.07MAED 1,070,000 · Feb 2022February 2022 | 66,000 /yr | |
| 405 | 2-bed | 1,324 sqft | AED 1.08MAED 1,075,000 · Dec 2021December 2021 | 66,000 /yr | |
| 406 | 2-bed | 1,226 sqft | AED 1.2MAED 1,200,000 · Sep 2023September 2023 | 55,000 /yr | |
| 407 | 1-bed | 934 sqft | AED 675KAED 675,000 · Feb 2022February 2022 | 80,000 /yr | |
| 409 | 3-bed | 2,018 sqft | AED 1.47MAED 1,465,000 · Apr 2023April 2023 | 88,000 /yr | |
| 410 | 2-bed | 1,142 sqft | AED 1.2MAED 1,200,000 · Mar 2024March 2024 | 89,000 /yr |
408, Avenue Residence 2 in numbers
- Sold twice: first on 26 April 2015 for AED 801,199, last on 6 March 2023 for AED 710,000 (AED 805 per sqft).
- Rented since April 2017 on 5 Ejari contracts, from AED 74,000 to AED 47,300 a year.
- At AED 47,300 a year the gross yield on the 2023 price is 6.7%, before a service charge of about AED 10,700 a year (AED 12.18 per sqft).
- One-beds in Avenue Residence 2 sold for AED 1,030,000–1,300,000 in the 12 months to November 2026; the building's median across all types is AED 1,170 per sqft.
Source: Dubai Land Department. Updated 6 March 2023.
Questions about 408, Avenue Residence 2
What did unit 408 last sell for?
AED 710,000 on 6 March 2023: AED 805 per sqft for 881 sqft. The unit has 2 registered sales; the first was AED 801,199 in April 2015.
What is the rent for unit 408?
AED 47,300 a year on the contract renewed on 27 May 2022. The previous contract, from May 2020, was AED 50,000; the unit has been rented since April 2017.
How big is unit 408?
881 sqft (81.8 sqm): a one-bedroom apartment on the 4th floor of a 10-storey tower completed in 2015.
What is unit 408 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Avenue Residence 2 sold for AED 1,030,000 to 1,300,000 in the last 12 months, around AED 1,362 per sqft.
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Mortgage on 408, Avenue Residence 2
Starts from the last sale price (AED 710K, 6 March 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 710,000
- Deposit, UAE resident (20%)
- AED 142,000
- Deposit, non-resident (40%)
- AED 284,000
- Monthly over 25 years at 3.7%
- AED 2,905
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →