2-bed · 1,044 sqftAfnan 5, Dubai Production City (IMPZ) · 7th floor · completed 2019

703, Afnan 5

Sold prices and rental history: sold twice, last in April 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 25 April 2024
Last soldAED 1.05M25 April 2024
Current rentAED 45K /yr14 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 703, Afnan 5

What is 703 worth today?

Last sold for AED 1,050,000 in 2024

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25 Apr 2024SoldReady
AED 1,050,000AED 1,006 per sqft
14 Aug 2022RentedNew contract
AED 45,000/yr12 months · AED 43 per sqft
25 Jul 2021RentedNew contract
AED 42,000/yr12 months · AED 40 per sqft
17 Feb 2016Sold by developerOff-plan
AED 1,041,888AED 998 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 25 April 2024.

Key facts

Type
2-bed apartment
Size
1,044 sqft
Floor
7th of 7
Parking
BZ2A12
Developer
Deyaar
Completed
2019
Service charge
AED 17,300 /yr
Last sold
AED 1.05M · April 2024
Building
Afnan 5

About 703, Afnan 5

703 is a two-bedroom apartment of 1,044 sqft on the 7th floor of Afnan 5, a 7-storey tower in Dubai Production City (IMPZ) completed in 2019 by Deyaar. It last sold on 25 April 2024 for AED 1,050,000, or AED 1,006 per sqft, 10% above the AED 912 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 14 August 2022, is AED 45,000 a year: a gross yield of 4.3% on the 2024 price, before the service charge of about AED 17,300 a year.

Sales and rents for 703 over time

Sales
Unit 703, 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, February 2016: AED 1,041,888 (AED 998 per sqft)Sold, April 2024: AED 1,050,000 (AED 1,006 per sqft)

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

Rents
Unit 703, 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, July 2021: AED 42,000 a yearNew contract, August 2022: AED 45,000 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 703 sits

All 105 2-beds →

703 last sold in April 2024 at AED 1,006 per sqft, 10% above what two-beds in Afnan 5 were fetching at the time (AED 912). 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. 703's AED 45,000 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 7th floor

All 147 units in Afnan 5
Value
7012-bedAED 1.25M · Oct 2024
7022-bedAED 820K · Mar 2023
7042-bedAED 960K · Nov 2023
7051-bedAED 916K · Jan 2023
7063-bedAED 1.54M · Nov 2016
7073-bedAED 1.52M · Dec 2022
7081-bedAED 916K · Jan 2023
1–7 of 11

703, Afnan 5 in numbers

  • Sold twice: first on 17 February 2016 for AED 1,041,888, last on 25 April 2024 for AED 1,050,000 (AED 1,006 per sqft).
  • Rented since July 2021 on 2 Ejari contracts, from AED 42,000 to AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2024 price is 4.3%, before a service charge of about AED 17,300 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 25 April 2024.

Questions about 703, Afnan 5

What did unit 703 last sell for?

AED 1,050,000 on 25 April 2024: AED 1,006 per sqft for 1,044 sqft. The unit has 2 registered sales; the first was AED 1,041,888 in February 2016.

What is the rent for unit 703?

AED 45,000 a year on the contract signed on 14 August 2022. The previous contract, from July 2021, was AED 42,000.

How big is unit 703?

1,044 sqft (97.0 sqm): a two-bedroom apartment on the 7th floor of a 7-storey tower completed in 2019.

What is unit 703 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 703, Afnan 5

Starts from the last sale price (AED 1.05M, 25 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,050,000
Deposit, UAE resident (20%)
AED 210,000
Deposit, non-resident (40%)
AED 420,000
Monthly over 25 years at 3.7%
AED 4,296

Plus AED 49,110 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →