2-bed · 1,344 sqftAzizi Feirouz Residence, Al Furjan · 7th floor · completed 2016

701, Azizi Feirouz Residence

Sold prices and rental history: sold 3 times, last in April 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 701 · DLD and Ejari recordsUpdated 27 April 2023
Last soldAED 1.15M27 April 2023
Current rentAED 70K /yr15 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 701, Azizi Feirouz Residence

What is 701 worth today?

Last sold for AED 1,150,000 in 2023

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27 Apr 2023SoldReady
AED 1,150,000AED 855 per sqft
15 Oct 2022RentedRenewal
AED 70,000/yr12 months · AED 52 per sqft
15 Oct 2021RentedNew contract
AED 65,000/yr12 months · AED 48 per sqft
15 Sep 2020RentedNew contract
AED 65,000/yr12 months · AED 48 per sqft
15 Aug 2018RentedNew contract
AED 85,000/yr12 months · AED 63 per sqft
25 Jun 2017RentedNew contract
AED 105,000/yr12 months · AED 78 per sqft
19 Jun 2017SoldReady
AED 1,240,000AED 922 per sqft
27 Mar 2017Sold by developerReady
AED 1,197,650AED 891 per sqft

Source: Dubai Land Department. Updated 27 April 2023.

Key facts

Type
2-bed apartment
Size
1,344 sqft
Floor
7th of 11
Parking
G-65
Developer
Azizi Developments
Completed
2016
Service charge
AED 19,800 /yr
Last sold
AED 1.15M · April 2023

About 701, Azizi Feirouz Residence

701 is a two-bedroom apartment of 1,344 sqft on the 7th floor of Azizi Feirouz Residence, a 11-storey tower in Al Furjan completed in 2016 by Azizi Developments. It last sold on 27 April 2023 for AED 1,150,000, or AED 855 per sqft, 21% above the AED 708 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, renewed on 15 October 2022, is AED 70,000 a year: a gross yield of 6.1% on the 2023 price, before the service charge of about AED 19,800 a year.

Sales and rents for 701 over time

Sales
Unit 701, each saleTypical two-bed in Azizi Feirouz Residence
1.2M1.4M1.6M2014201820222026Typical sale price by year: 2014 AED 1,405,980; 2015 AED 1,344,013; 2016 AED 1,460,033; 2017 AED 1,250,000; 2018 AED 1,195,000; 2023 AED 1,220,000; 2026 AED 1,580,000Sold by developer, March 2017: AED 1,197,650 (AED 891 per sqft)Sold, June 2017: AED 1,240,000 (AED 922 per sqft)Sold, April 2023: AED 1,150,000 (AED 855 per sqft)

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

Rents
Unit 701, each contractTypical two-bed in Azizi Feirouz Residence
75K100K2016201920222025Typical rent by year: 2016 AED 115,000; 2017 AED 99,732; 2018 AED 90,000; 2019 AED 80,000; 2020 AED 70,500; 2021 AED 70,000; 2022 AED 72,000; 2023 AED 82,000; 2024 AED 88,998; 2025 AED 92,000; 2026 AED 102,500New contract, June 2017: AED 105,000 a yearNew contract, August 2018: AED 85,000 a yearNew contract, September 2020: AED 65,000 a yearNew contract, October 2021: AED 65,000 a yearRenewal, October 2022: AED 70,000 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 Azizi Feirouz Residence, and where 701 sits

All 40 2-beds →

701 last sold in April 2023 at AED 855 per sqft, 21% above what two-beds in Azizi Feirouz Residence were fetching at the time (AED 708). Over the last 12 months two-beds sold for AED 1,430,000 to 1,680,000, around AED 1,076 per sqft, and rent for AED 70,000 to 140,000 a year. 701's AED 70,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
18 Aug 20261,580,000
14 Aug 20261,680,000
29 Apr 20261,430,000
16 Sep 20251,810,000
3 2-bed sales in the last 12 months

Azizi Feirouz Residence

Building

99 apartments, 1-bed to 3-bed over 11 floors in Al Furjan, completed in 2016 by Azizi Developments. 8 sold in the last 12 months.

Typical price per sqft
AED 1,070
Typical sale
AED 1.26M
Typical rent
AED 85K /yr
Typical yield
6.7%
Azizi Feirouz Residence, Al Furjan: prices, sales and rents →

Other units on the 7th floor

All 99 units in Azizi Feirouz Residence
Value
7022-bedAED 1.43M · Dec 2016
7032-bedAED 1.47M · Feb 2017
7042-bedAED 1.15M · Aug 2022
7051-bedAED 800K · Jun 2024
7061-bedAED 940K · Apr 2017
7071-bedAED 1.09M · Jun 2016
7081-bedAED 987K · Apr 2015
1–7 of 9

701, Azizi Feirouz Residence in numbers

  • Sold 3 times: first on 27 March 2017 for AED 1,197,650, last on 27 April 2023 for AED 1,150,000 (AED 855 per sqft).
  • Rented since June 2017 on 5 Ejari contracts, from AED 105,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2023 price is 6.1%, before a service charge of about AED 19,800 a year (AED 14.77 per sqft).
  • Two-beds in Azizi Feirouz Residence sold for AED 1,430,000–1,680,000 in the 12 months to November 2026; the building's median across all types is AED 1,070 per sqft.

Source: Dubai Land Department. Updated 27 April 2023.

Questions about 701, Azizi Feirouz Residence

What did unit 701 last sell for?

AED 1,150,000 on 27 April 2023: AED 855 per sqft for 1,344 sqft. The unit has 3 registered sales; the first was AED 1,197,650 in March 2017.

What is the rent for unit 701?

AED 70,000 a year on the contract renewed on 15 October 2022. The previous contract, from October 2021, was AED 65,000; the unit has been rented since June 2017.

How big is unit 701?

1,344 sqft (124.9 sqm): a two-bedroom apartment on the 7th floor of a 11-storey tower completed in 2016.

What is unit 701 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Azizi Feirouz Residence sold for AED 1,430,000 to 1,680,000 in the last 12 months, around AED 1,076 per sqft.

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Mortgage on 701, Azizi Feirouz Residence

Starts from the last sale price (AED 1.15M, 27 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,150,000
Deposit, UAE resident (20%)
AED 230,000
Deposit, non-resident (40%)
AED 460,000
Monthly over 25 years at 3.7%
AED 4,705

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →