2-bed · 1,078 sqftAfnan 5, Dubai Production City (IMPZ) · 3rd floor · completed 2019

316, Afnan 5

Sold prices and rental history: sold twice, last in August 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 316 · DLD and Ejari recordsUpdated 2 August 2024
Last soldAED 1.08M2 August 2024
Current rentAED 74K /yr1 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 316, Afnan 5

What is 316 worth today?

Last sold for AED 1,080,000 in 2024

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2 Aug 2024SoldReady
AED 1,080,000AED 1,001 per sqft
1 May 2024RentedRenewal
AED 74,000/yr12 months · AED 69 per sqft
1 May 2023RentedNew contract
AED 68,000/yr12 months · AED 63 per sqft
18 Apr 2022RentedRenewal
AED 60,000/yr12 months · AED 56 per sqft
18 Apr 2021RentedRenewal
AED 60,000/yr12 months · AED 56 per sqft
18 Apr 2020RentedNew contract
AED 65,000/yr12 months · AED 60 per sqft
25 Jan 2016Sold by developerOff-plan
AED 974,523AED 903 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 2 August 2024.

Key facts

Type
2-bed apartment
Size
1,078 sqft
Floor
3rd of 7
Parking
BZ2D19
Developer
Deyaar
Completed
2019
Service charge
AED 17,900 /yr
Last sold
AED 1.08M · August 2024
Building
Afnan 5

About 316, Afnan 5

316 is a two-bedroom apartment of 1,078 sqft on the 3rd floor of Afnan 5, a 7-storey tower in Dubai Production City (IMPZ) completed in 2019 by Deyaar. It last sold on 2 August 2024 for AED 1,080,000, or AED 1,001 per sqft, in line with the AED 1,001 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 1 May 2024, is AED 74,000 a year: a gross yield of 6.9% on the 2024 price, before the service charge of about AED 17,900 a year.

Sales and rents for 316 over time

Sales
Unit 316, each saleTypical two-bed in Afnan 5
1M1.2M2015201820212024Typical 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, January 2016: AED 974,523 (AED 903 per sqft)Sold, August 2024: AED 1,080,000 (AED 1,001 per sqft)

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

Rents
Unit 316, 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 110,000New contract, April 2020: AED 65,000 a yearRenewal, April 2021: AED 60,000 a yearRenewal, April 2022: AED 60,000 a yearNew contract, May 2023: AED 68,000 a yearRenewal, May 2024: AED 74,000 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 Afnan 5, and where 316 sits

All 105 2-beds →

316 last sold in August 2024 at AED 1,001 per sqft, in line with what two-beds in Afnan 5 were fetching at the time (AED 1,001). 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. 316's AED 74,000 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 3rd floor

All 147 units in Afnan 5
Value
3012-bedAED 1.13M · Aug 2023
3022-bedAED 1.07M · Aug 2022
3032-bedAED 1.11M · Jan 2024
3042-bedAED 1.08M · Nov 2019
3051-bedAED 805K · Jan 2026
3062-bedAED 1.15M · Aug 2024
3072-bedAED 1.13M · Dec 2015
1–7 of 20

316, Afnan 5 in numbers

  • Sold twice: first on 25 January 2016 for AED 974,523, last on 2 August 2024 for AED 1,080,000 (AED 1,001 per sqft).
  • Rented since April 2020 on 5 Ejari contracts, from AED 65,000 to AED 74,000 a year.
  • At AED 74,000 a year the gross yield on the 2024 price is 6.9%, before a service charge of about AED 17,900 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 2 August 2024.

Questions about 316, Afnan 5

What did unit 316 last sell for?

AED 1,080,000 on 2 August 2024: AED 1,001 per sqft for 1,078 sqft. The unit has 2 registered sales; the first was AED 974,523 in January 2016.

What is the rent for unit 316?

AED 74,000 a year on the contract renewed on 1 May 2024. The previous contract, from May 2023, was AED 68,000; the unit has been rented since April 2020.

How big is unit 316?

1,078 sqft (100.1 sqm): a two-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2019.

What is unit 316 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 316, Afnan 5

Starts from the last sale price (AED 1.08M, 2 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,080,000
Deposit, UAE resident (20%)
AED 216,000
Deposit, non-resident (40%)
AED 432,000
Monthly over 25 years at 3.7%
AED 4,419

Plus AED 50,370 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →