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2-bed · 1,083 sqftAfnan 5, Dubai Production City (IMPZ) · 1st floor · completed 2019

118, Afnan 5

Sold prices and rental history: sold 3 times, last in May 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 118 · DLD and Ejari recordsUpdated 9 May 2024
Last soldAED 1M9 May 2024
Current rentAED 53K /yr1 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 118, Afnan 5

What is 118 worth today?

Last sold for AED 1,000,000 in 2024

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9 May 2024SoldReady
AED 1,000,000AED 923 per sqft
1 Jun 2023RentedRenewal
AED 52,500/yr6 months · AED 48 per sqft
1 Jun 2022RentedRenewal
AED 50,000/yr12 months · AED 46 per sqft
5 Nov 2018SoldOff-plan
AED 725,000AED 669 per sqft
21 Dec 2015Sold by developerOff-plan
AED 961,429AED 887 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 9 May 2024.

Key facts

Type
2-bed apartment
Size
1,083 sqft
Floor
1st of 7
Parking
BZ2D08
Developer
Deyaar
Completed
2019
Service charge
AED 18,000 /yr
Last sold
AED 1M · May 2024
Building
Afnan 5

About 118, Afnan 5

118 is a two-bedroom apartment of 1,083 sqft on the 1st floor of Afnan 5, a 7-storey tower in Dubai Production City (IMPZ) completed in 2019 by Deyaar. It last sold on 9 May 2024 for AED 1,000,000, or AED 923 per sqft, in line with the AED 930 two-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 1 June 2023, is AED 52,500 a year: a gross yield of 5.3% on the 2024 price, before the service charge of about AED 18,000 a year.

Sales and rents for 118 over time

Sales
Unit 118, each saleTypical two-bed in Afnan 5
1M2015201820212024Typical sale price by year: 2015 AED 1,017,644; 2016 AED 1,041,887; 2017 AED 1,086,567; 2018 AED 1,050,335; 2019 AED 1,078,440; 2020 AED 1,056,161; 2021 AED 1,085,649; 2022 AED 1,202,636; 2023 AED 980,000; 2024 AED 1,160,567; 2025 AED 1,277,500Sold by developer, December 2015: AED 961,429 (AED 887 per sqft)Sold, November 2018: AED 725,000 (AED 669 per sqft)Sold, May 2024: AED 1,000,000 (AED 923 per sqft)

118 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 118, each contractTypical two-bed in Afnan 5
50K100K2020202220242026Typical rent by year: 2020 AED 53,000; 2021 AED 51,385; 2022 AED 56,350; 2023 AED 60,500; 2024 AED 77,393; 2025 AED 95,000; 2026 AED 110,000Renewal, June 2022: AED 50,000 a yearRenewal, June 2023: AED 52,500 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 Afnan 5, and where 118 sits

All 105 2-beds →

118 last sold in May 2024 at AED 923 per sqft, in line with what two-beds in Afnan 5 were fetching at the time (AED 930). Over the last 12 months two-beds sold for AED 1,385,000, around AED 1,260 per sqft, and rent for AED 95,000 to 122,000 a year. 118's AED 52,500 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
6 Jan 20261,385,000
11 Jul 20251,200,000
30 Jun 20251,390,000
19 Jun 20251,275,000
1 2-bed sale in the last 12 months

Afnan 5

Building

147 apartments, 1-bed to 3-bed over 7 floors in Dubai Production City (IMPZ), completed in 2019 by Deyaar. 3 sold in the last 12 months.

Typical price per sqft
AED 1,197
Typical sale
AED 1.39M
Typical rent
AED 101K /yr
Typical yield
7.8%
Afnan 5, Dubai Production City (IMPZ): prices, sales and rents →

Other units on the 1st floor

All 147 units in Afnan 5
Value
1012-bedAED 1.05M · Mar 2023
1022-bedAED 1.16M · Mar 2017
1032-bedAED 1.04M · Jul 2018
1042-bedAED 1.05M · Jul 2020
1051-bedAED 788K · Mar 2017
1061-bedAED 945K · Jul 2024
1072-bedAED 1.36M · Aug 2024
1–7 of 20

118, Afnan 5 in numbers

  • Sold 3 times: first on 21 December 2015 for AED 961,429, last on 9 May 2024 for AED 1,000,000 (AED 923 per sqft).
  • Rented since June 2022 on 2 Ejari contracts, from AED 50,000 to AED 52,500 a year.
  • At AED 52,500 a year the gross yield on the 2024 price is 5.3%, before a service charge of about AED 18,000 a year (AED 16.58 per sqft).
  • Two-beds in Afnan 5 sold for AED 1,385,000–1,385,000 in the 12 months to November 2026; the building's median across all types is AED 1,197 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 9 May 2024.

Questions about 118, Afnan 5

What did unit 118 last sell for?

AED 1,000,000 on 9 May 2024: AED 923 per sqft for 1,083 sqft. The unit has 3 registered sales; the first was AED 961,429 in December 2015.

What is the rent for unit 118?

AED 52,500 a year on the contract renewed on 1 June 2023. The previous contract, from June 2022, was AED 50,000.

How big is unit 118?

1,083 sqft (100.6 sqm): a two-bedroom apartment on the 1st floor of a 7-storey tower completed in 2019.

What is unit 118 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Afnan 5 sold for AED 1,385,000 to 1,385,000 in the last 12 months, around AED 1,260 per sqft.

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Mortgage on 118, Afnan 5

Starts from the last sale price (AED 1M, 9 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

Plus AED 47,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →