1-bed · 645 sqftAfnan 1, Dubai Production City (IMPZ) · 7th floor · completed 2019

701, Afnan 1

Sold prices and rental history: sold once, by the developer in January 2016, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 701 · DLD and Ejari recordsUpdated 31 August 2023
Last soldAED 597K5 January 2016
Current rentAED 47K /yr31 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 701, Afnan 1

What is 701 worth today?

Last sold for AED 596,832 in 2016

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31 Aug 2023RentedNew contract
AED 47,000/yr12 months · AED 73 per sqft
21 Nov 2022RentedNew contract
AED 37,000/yr12 months · AED 57 per sqft
1 Jul 2020RentedNew contract
AED 33,000/yr12 months · AED 51 per sqft
5 Jan 2016Sold by developerOff-plan
AED 596,832AED 925 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 31 August 2023.

Key facts

Type
1-bed apartment
Size
645 sqft
Floor
7th of 16
Parking
BZ2E10
Developer
Deyaar
Completed
2019
Service charge
AED 10,700 /yr
Last sold
AED 597K · January 2016
Building
Afnan 1

About 701, Afnan 1

701 is a one-bedroom apartment of 645 sqft on the 7th floor of Afnan 1, a 16-storey tower in Dubai Production City (IMPZ) completed in 2019 by Deyaar. The developer sold it on 5 January 2016 for AED 596,832, or AED 925 per sqft, 4% below the AED 965 one-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 31 August 2023, is AED 47,000 a year: a gross yield of 7.9% on the 2016 price, before the service charge of about AED 10,700 a year.

Sales and rents for 701 over time

Sales
Unit 701, each saleTypical one-bed in Afnan 1
600K700K2015201820212024Typical sale price by year: 2015 AED 629,395; 2016 AED 632,622; 2021 AED 677,074; 2022 AED 609,184; 2023 AED 590,000; 2024 AED 674,000; 2025 AED 752,500Sold by developer, January 2016: AED 596,832 (AED 925 per sqft)

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

Rents
Unit 701, each contractTypical one-bed in Afnan 1
40K60K2020202220242026Typical rent by year: 2020 AED 32,000; 2021 AED 32,000; 2022 AED 35,600; 2023 AED 42,000; 2024 AED 50,000; 2025 AED 60,000; 2026 AED 66,000New contract, July 2020: AED 33,000 a yearNew contract, November 2022: AED 37,000 a yearNew contract, August 2023: AED 47,000 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 Afnan 1, and where 701 sits

All 91 1-beds →

701 last sold in January 2016 at AED 925 per sqft, 4% below what one-beds in Afnan 1 were fetching at the time (AED 965). Over the last 12 months one-beds sold for AED 775,000 to 845,000, around AED 1,269 per sqft, and rent for AED 45,000 to 70,350 a year. 701's AED 47,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
5 Jan 202612,342
10 Dec 2025845,000
11 Jul 2025800,000
19 Jun 202517,700
3 1-bed sales in the last 12 months

Afnan 1

Building

176 apartments, studios to 2-bed over 16 floors in Dubai Production City (IMPZ), completed in 2019 by Deyaar. 5 sold in the last 12 months.

Typical price per sqft
AED 1,269
Typical sale
AED 810K
Typical rent
AED 52K /yr
Typical yield
8.1%
Afnan 1, Dubai Production City (IMPZ): prices, sales and rents →

Other units on the 7th floor

All 176 units in Afnan 1
Value
7021-bedAED 637K · Feb 2016
7031-bedAED 670K · Sep 2024
7041-bedAED 630K · Mar 2024
7051-bedAED 629K · Dec 2015
7061-bedAED 12K · Jan 2026
7071-bedAED 687K · Dec 2015
7081-bedAED 626K · Jan 2016
1–7 of 9

701, Afnan 1 in numbers

  • Sold once: by Deyaar on 5 January 2016 for AED 596,832, or AED 925 per sqft.
  • Rented since July 2020 on 3 Ejari contracts, from AED 33,000 to AED 47,000 a year.
  • At AED 47,000 a year the gross yield on the 2016 price is 7.9%, before a service charge of about AED 10,700 a year (AED 16.58 per sqft).
  • One-beds in Afnan 1 sold for AED 775,000–845,000 in the 12 months to November 2026; the building's median across all types is AED 1,269 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 31 August 2023.

Questions about 701, Afnan 1

What did unit 701 last sell for?

AED 596,832 on 5 January 2016, sold by the developer: AED 925 per sqft for 645 sqft. It is the only registered sale of the unit.

What is the rent for unit 701?

AED 47,000 a year on the contract signed on 31 August 2023. The previous contract, from November 2022, was AED 37,000; the unit has been rented since July 2020.

How big is unit 701?

645 sqft (59.9 sqm): a one-bedroom apartment on the 7th floor of a 16-storey tower completed in 2019.

What is unit 701 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Afnan 1 sold for AED 775,000 to 845,000 in the last 12 months, around AED 1,269 per sqft.

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Mortgage on 701, Afnan 1

Starts from the last sale price (AED 597K, 5 January 2016). Switch to today's estimate once you have unlocked it.
Price
AED 596,832
Deposit, UAE resident (20%)
AED 119,366
Deposit, non-resident (40%)
AED 238,733
Monthly over 25 years at 3.7%
AED 2,442

Plus AED 30,077 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →