2-bed · 1,143 sqftAvenue Residence 2, Al Furjan · 8th floor · completed 2015

809, Avenue Residence 2

Sold prices and rental history: sold once, by the developer in January 2016, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 809 · DLD and Ejari recordsUpdated 2 December 2022
Last soldAED 934K27 January 2016
Current rentAED 80K /yr2 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 809, Avenue Residence 2

What is 809 worth today?

Last sold for AED 934,449 in 2016

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2 Dec 2022RentedNew contract
AED 80,000/yr13 months · AED 70 per sqft
8 Nov 2021RentedNew contract
AED 62,000/yr12 months · AED 54 per sqft
27 Jan 2016Sold by developerOff-plan
AED 934,449AED 817 per sqft

Source: Dubai Land Department. Updated 2 December 2022.

Key facts

Type
2-bed apartment
Size
1,143 sqft
Floor
8th of 10
Parking
P-61
Developer
Nabni Real Estate Development
Completed
2015
Service charge
AED 13,900 /yr
Last sold
AED 934K · January 2016

About 809, Avenue Residence 2

809 is a two-bedroom apartment of 1,143 sqft on the 8th floor of Avenue Residence 2, a 10-storey tower in Al Furjan completed in 2015 by Nabni Real Estate Development. The developer sold it on 27 January 2016 for AED 934,449, or AED 817 per sqft, 16% below the AED 975 two-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 2 December 2022, is AED 80,000 a year: a gross yield of 8.6% on the 2016 price, before the service charge of about AED 13,900 a year.

Sales and rents for 809 over time

Sales
Unit 809, each saleTypical two-bed in Avenue Residence 2
1M1.2M2015201820212024Typical sale price by year: 2015 AED 1,145,477; 2016 AED 1,075,000; 2017 AED 1,105,453; 2022 AED 1,070,000; 2023 AED 1,285,000; 2024 AED 1,280,000Sold by developer, January 2016: AED 934,449 (AED 817 per sqft)

809 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 809, each contractTypical two-bed in Avenue Residence 2
60K80K2017202020232026Typical rent by year: 2017 AED 90,000; 2018 AED 85,000; 2019 AED 74,500; 2020 AED 65,000; 2021 AED 60,000; 2022 AED 69,125; 2023 AED 80,000; 2024 AED 85,000; 2025 AED 93,499New contract, November 2021: AED 62,000 a yearNew contract, December 2022: AED 80,000 a year

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 2, and where 809 sits

All 52 2-beds →

809 last sold in January 2016 at AED 817 per sqft, 16% below what two-beds in Avenue Residence 2 were fetching at the time (AED 975). Over the last 12 months two-beds sold for AED 1,550,000, around AED 1,170 per sqft, and rent for AED 80,850 to 108,000 a year. 809's AED 80,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
25 Dec 20251,550,000
28 May 20251,650,000
3 Oct 20241,400,000
5 Jun 20241,200,000
1 2-bed sale in the last 12 months

Avenue Residence 2

Building

95 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%
Avenue Residence 2, Al Furjan: prices, sales and rents →

Other units on the 8th floor

All 95 units in Avenue Residence 2
Value
8013-bedAED 1.86M · Jul 2015
8022-bedAED 1.09M · Jun 2015
8031-bedAED 670K · Jan 2023
8042-bedAED 1M · Mar 2017
8052-bedAED 1.6M · Feb 2024
8062-bedAED 881K · Mar 2017
8072-bedAED 1.59M · May 2016
1–7 of 8

809, Avenue Residence 2 in numbers

  • Sold once: by Nabni Real Estate Development on 27 January 2016 for AED 934,449, or AED 817 per sqft.
  • Rented since November 2021 on 2 Ejari contracts, from AED 62,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2016 price is 8.6%, before a service charge of about AED 13,900 a year (AED 12.18 per sqft).
  • Two-beds in Avenue Residence 2 sold for AED 1,550,000–1,550,000 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 2 December 2022.

Questions about 809, Avenue Residence 2

What did unit 809 last sell for?

AED 934,449 on 27 January 2016, sold by the developer: AED 817 per sqft for 1,143 sqft. It is the only registered sale of the unit.

What is the rent for unit 809?

AED 80,000 a year on the contract signed on 2 December 2022. The previous contract, from November 2021, was AED 62,000.

How big is unit 809?

1,143 sqft (106.2 sqm): a two-bedroom apartment on the 8th floor of a 10-storey tower completed in 2015.

What is unit 809 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 2 sold for AED 1,550,000 to 1,550,000 in the last 12 months, around AED 1,170 per sqft.

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Mortgage on 809, Avenue Residence 2

Starts from the last sale price (AED 934K, 27 January 2016). Switch to today's estimate once you have unlocked it.
Price
AED 934,449
Deposit, UAE resident (20%)
AED 186,890
Deposit, non-resident (40%)
AED 373,780
Monthly over 25 years at 3.7%
AED 3,823

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →