Your guide to apartments for sale in Avenue Residence 1
Avenue Residence 1 is a ten-storey residential building in Al Furjan, developed by Al Jaziri Brothers Real Estate in collaboration with Nabni Developments and completed in late 2014. The building contains 99 units across one, two, and three-bedroom configurations, with interiors finished to a notably high standard for the area, featuring Italian architectural details, European materials, and smart home automation throughout.
Al Furjan is a designated freehold community, allowing foreign nationals and expatriates to buy property in Dubai with full ownership rights. The building is fully handed over and well maintained, which means buyers move into a functioning environment with all facilities in place rather than waiting on a developer timeline.
The location suits professionals and families who want quality finishes and easy metro access without paying the premium associated with waterfront or downtown addresses. A bus stop connecting to the Discovery Gardens Metro Station is a three-minute walk from the building, and Sheikh Zayed Road is easily reachable for those who drive.
Market overview
The average selling price across Avenue Residence 1 is approximately AED 1.44 million, with an average price per square foot of AED 1,084. The market has seen strong growth, with the average price per square foot rising 16% year over year, reflecting sustained demand within Al Furjan.
Units range from around 810 square feet for one-bedroom apartments up to just under 2,000 square feet for three-bedroom layouts. Recent Dubai Land Department transactions show a one-bedroom unit selling for AED 1.03 million, while two-bedroom apartments have transferred at figures ranging from AED 1.13 million to AED 1.55 million.
Buyers should also factor in the annual service charge of AED 12.90 per square foot, which covers building maintenance, cooling utilities, and master community management fees.
Investment potential and property prices
Avenue Residence 1 sits within one of Al Furjan's more established mid-rise developments, and the 16% year-over-year price growth signals consistent demand from both end-users and investors. The building's relatively small unit count of 99 apartments keeps supply limited, which supports resale values and reduces competition when units come to market.
Metro connectivity is a key driver of rental appeal here. Tenants who commute to Dubai Marina, JLT, or further along the Red Line have a practical, car-free option available within walking distance, which broadens the pool of prospective renters and helps keep vacancy periods short.
The quality of the finishes, including Siemens built-in appliances, double-glazed windows, and high ceilings, means units require less investment to maintain rental-ready condition compared to more basic buildings in the same price range.
- 1-bedroom apartments: AED 1.03 million average, 810 sq ft
- 2-bedroom apartments: AED 1.38 million average, 1,026 to 1,480 sq ft
- 3-bedroom apartments: AED 2.35 million average, 1,950+ sq ft
Why buy an apartment in Avenue Residence 1?
Quality finishes included as standard
Smart home automation, high ceilings, gold accents, and European kitchen appliances come built into every unit. Buyers do not need to budget for post-handover upgrades to bring the interiors up to a livable standard.
Walking distance to public transport
The Discovery Gardens Metro station is three minutes on foot, connecting residents to the Red Line without needing a car. This is a practical advantage for tenants and adds consistent rental demand for investors.
A smaller building with limited supply
With only 99 units across ten floors, Avenue Residence 1 is a boutique building by Dubai standards. Fewer units means less competition when selling or leasing, and a tighter community atmosphere for residents.
Pet-friendly in a green community
Both the building and the wider Al Furjan community welcome pets. Open pathways, maintained outdoor spaces, and a relatively low-density layout make daily life comfortable for pet owners.
Amenities in Avenue Residence 1
- Outdoor swimming pool for adults and children
- Modern fully equipped fitness center
- Outdoor barbecue and event deck
- Grand lobby with 24-hour security
- Covered parking
- Smart home automation in all units
- Double-glazed windows throughout
- High-speed elevators
Location and transportation
Avenue Residence 1 is located in Al Furjan, close to Ibn Battuta Street and Al Asayel Street, with quick access to Sheikh Zayed Road. Neighboring communities include Discovery Gardens, Jumeirah Park, and Jumeirah Islands.
Public transport: The Discovery Gardens Metro Bus Stop is a three-minute walk from the building and connects directly to Discovery Gardens Metro Station on the Red Line.
Major roads: Sheikh Zayed Road is easily accessible, providing straightforward connections across the emirate.
Commute times by car:
- Dubai Marina: approximately 10 minutes
- Jumeirah Lake Towers: approximately 10 minutes
- Downtown Dubai: approximately 25 minutes
- Dubai International Airport: approximately 34 minutes
Pros and cons of buying an apartment in Avenue Residence 1
Pros
- Premium Italian and European finishes with smart home technology included as standard
- 16% year-over-year price growth, one of the stronger appreciation rates in Al Furjan
- Only 99 units in the building, keeping resale and rental supply limited
- Three-minute walk to a metro bus connection, supporting car-free commuting
- Pet-friendly building and community with outdoor walking spaces
- Freehold ownership available to foreign nationals
Cons
- Annual service charge of AED 12.90 per square foot adds a meaningful ongoing cost to the total budget
- Al Furjan is still an actively developing community, and nearby construction can bring occasional noise and dust
- Three-bedroom units are rare and move quickly, making them difficult to find available at any given time
FAQs about apartments for sale in Avenue Residence 1
Is Avenue Residence 1 a freehold building?
Yes. The building sits within a designated freehold zone in Al Furjan, giving foreign nationals and expatriate buyers full legal ownership rights with no restrictions.
Is it a good investment?
The 16% year-over-year increase in price per square foot and consistent rental demand driven by metro proximity make a strong case. The limited supply of 99 units also works in investors' favour when it comes to resale and rental competition.
What is the average price per square foot in Avenue Residence 1?
The current average is AED 1,084 per square foot, which reflects the building's premium finishes and strong location within Al Furjan.
Can foreigners buy an apartment in Avenue Residence 1?
Yes. As a freehold development in Al Furjan, the building is fully open to non-UAE nationals who wish to purchase and own property outright.
