1-bed · 761 sqftCandace Aster Serviced Residence, Al Furjan · 5th floor · completed 2017

502, Candace Aster Serviced Residence

Sold prices and rental history: sold once, by the developer in February 2018, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 1 April 2024
Last soldAED 1.03M21 February 2018
Current rentAED 63K /yr1 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 502, Candace Aster Serviced Residence

What is 502 worth today?

Last sold for AED 1,028,302 in 2018

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1 Apr 2024RentedRenewal
AED 63,000/yr12 months · AED 82 per sqft
1 Apr 2023RentedNew contract
AED 63,000/yr12 months · AED 82 per sqft
1 Apr 2022RentedNew contract
AED 50,000/yr12 months · AED 65 per sqft
25 Oct 2020RentedNew contract
AED 44,000/yr12 months · AED 58 per sqft
5 Feb 2019RentedNew contract
AED 58,000/yr12 months · AED 76 per sqft
21 Feb 2018Sold by developerOff-plan
AED 1,028,302AED 1,351 per sqft

Source: Dubai Land Department. Updated 1 April 2024.

Key facts

Type
1-bed hotel apartment
Size
761 sqft
Floor
5th of 10
Parking
P1-01
Developer
Azizi Developments
Completed
2017
Last sold
AED 1.03M · February 2018

About 502, Candace Aster Serviced Residence

502 is a one-bedroom hotel apartment of 761 sqft on the 5th floor of Candace Aster Serviced Residence, a 10-storey tower in Al Furjan completed in 2017 by Azizi Developments. The developer sold it on 21 February 2018 for AED 1,028,302, or AED 1,351 per sqft, in line with the AED 1,388 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 1 April 2024, is AED 63,000 a year: a gross yield of 6.1% on the 2018 price.

Sales and rents for 502 over time

Sales
Unit 502, each saleTypical one-bed in Candace Aster Serviced Residence
800K1M20172019202120232025Typical sale price by year: 2017 AED 1,061,429; 2018 AED 1,031,901; 2023 AED 753,000; 2024 AED 850,050Sold by developer, February 2018: AED 1,028,302 (AED 1,351 per sqft)

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

Rents
Unit 502, each contractTypical one-bed in Candace Aster Serviced Residence
40K60K80K2018202120242027Typical rent by year: 2018 AED 57,000; 2019 AED 53,000; 2020 AED 45,000; 2021 AED 42,000; 2022 AED 45,000; 2023 AED 57,500; 2024 AED 65,000; 2025 AED 66,500; 2026 AED 75,000New contract, February 2019: AED 58,000 a yearNew contract, October 2020: AED 44,000 a yearNew contract, April 2022: AED 50,000 a yearNew contract, April 2023: AED 63,000 a yearRenewal, April 2024: AED 63,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Candace Aster Serviced Residence, and where 502 sits

All 55 1-beds →

502 last sold in February 2018 at AED 1,351 per sqft, in line with what one-beds in Candace Aster Serviced Residence were fetching at the time (AED 1,388). Over the last 12 months one-beds sold for AED 870,000, around AED 1,145 per sqft, and rent for AED 60,000 to 75,000 a year. 502's AED 63,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
18 Dec 2025870,000
31 Oct 2024755,000
5 Sep 2024928,800
4 Sep 2024641,080
1 1-bed sale in the last 12 months

Candace Aster Serviced Residence

Building

226 apartments, studios to 2-bed over 10 floors in Al Furjan, completed in 2017 by Azizi Developments. 6 sold in the last 12 months.

Typical price per sqft
AED 1,204
Typical sale
AED 719K
Typical rent
AED 55K /yr
Typical yield
10.7%
Candace Aster Serviced Residence, Al Furjan: prices, sales and rents →
Value
5012-bedAED 1.29M · Apr 2024
5031-bedAED 1.05M · Jun 2017
504StudioAED 485K · Oct 2016
5051-bedAED 876K · Dec 2018
506StudioAED 493K · Sep 2016
507StudioAED 485K · Apr 2017
508StudioAED 493K · Sep 2016
1–7 of 22

502, Candace Aster Serviced Residence in numbers

  • Sold once: by Azizi Developments on 21 February 2018 for AED 1,028,302, or AED 1,351 per sqft.
  • Rented since February 2019 on 5 Ejari contracts. The rent fell from AED 58,000 to AED 44,000 in 2020 and recovered to AED 63,000 by April 2024.
  • At AED 63,000 a year the gross yield on the 2018 price is 6.1%.
  • One-beds in Candace Aster Serviced Residence sold for AED 870,000–870,000 in the 12 months to November 2026; the building's median across all types is AED 1,204 per sqft.

Source: Dubai Land Department. Updated 1 April 2024.

Questions about 502, Candace Aster Serviced Residence

What did unit 502 last sell for?

AED 1,028,302 on 21 February 2018, sold by the developer: AED 1,351 per sqft for 761 sqft. It is the only registered sale of the unit.

What is the rent for unit 502?

AED 63,000 a year on the contract renewed on 1 April 2024. The previous contract, from April 2023, was AED 63,000; the unit has been rented since February 2019.

How big is unit 502?

761 sqft (70.7 sqm): a one-bedroom hotel apartment on the 5th floor of a 10-storey tower completed in 2017.

What is unit 502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Candace Aster Serviced Residence sold for AED 870,000 to 870,000 in the last 12 months, around AED 1,145 per sqft.

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Mortgage on 502, Candace Aster Serviced Residence

Starts from the last sale price (AED 1.03M, 21 February 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,028,302
Deposit, UAE resident (20%)
AED 205,660
Deposit, non-resident (40%)
AED 411,321
Monthly over 25 years at 3.7%
AED 4,207

Plus AED 48,199 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →