2-bed · 1,407 sqftAzizi Iris, Al Furjan · 4th floor · completed 2015

402, Azizi Iris

Sold prices and rental history: sold once, by the developer in June 2016, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402 · DLD and Ejari recordsUpdated 1 January 2023
Last soldAED 1.41M21 June 2016
Current rentAED 62K /yr1 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 402, Azizi Iris

What is 402 worth today?

Last sold for AED 1,413,725 in 2016

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1 Jan 2023RentedRenewal
AED 61,600/yr12 months · AED 44 per sqft
1 Jan 2022RentedRenewal
AED 56,000/yr12 months · AED 40 per sqft
1 Jan 2021RentedNew contract
AED 56,000/yr12 months · AED 40 per sqft
10 Jun 2019RentedNew contract
AED 70,000/yr12 months · AED 50 per sqft
10 Jun 2018RentedRenewal
AED 85,000/yr12 months · AED 60 per sqft
10 Jun 2017RentedNew contract
AED 90,000/yr12 months · AED 64 per sqft
21 Jun 2016Sold by developerOff-plan
AED 1,413,725AED 1,004 per sqft

Source: Dubai Land Department. Updated 1 January 2023.

Key facts

Type
2-bed apartment
Size
1,407 sqft
Floor
4th of 11
Parking
G-26
Developer
Azizi Developments
Completed
2015
Service charge
AED 21,400 /yr
Last sold
AED 1.41M · June 2016
Building
Azizi Iris

About 402, Azizi Iris

402 is a two-bedroom apartment of 1,407 sqft on the 4th floor of Azizi Iris, a 11-storey tower in Al Furjan completed in 2015 by Azizi Developments. The developer sold it on 21 June 2016 for AED 1,413,725, or AED 1,004 per sqft, 6% above the AED 948 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 1 January 2023, is AED 61,600 a year: a gross yield of 4.4% on the 2016 price, before the service charge of about AED 21,400 a year.

Sales and rents for 402 over time

Sales
Unit 402, each saleTypical two-bed in Azizi Iris
1M1.5M2016201920222025Typical sale price by year: 2016 AED 1,334,951; 2017 AED 1,371,784; 2018 AED 1,150,000; 2022 AED 1,091,500; 2023 AED 1,070,000; 2024 AED 1,250,000; 2025 AED 1,500,000; 2026 AED 1,650,000Sold by developer, June 2016: AED 1,413,725 (AED 1,004 per sqft)

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

Rents
Unit 402, each contractTypical two-bed in Azizi Iris
60K80K100K2017202020232026Typical rent by year: 2017 AED 92,000; 2018 AED 86,000; 2019 AED 77,893; 2020 AED 69,000; 2021 AED 64,000; 2022 AED 68,750; 2023 AED 73,500; 2024 AED 82,000; 2025 AED 100,000; 2026 AED 96,000New contract, June 2017: AED 90,000 a yearRenewal, June 2018: AED 85,000 a yearNew contract, June 2019: AED 70,000 a yearNew contract, January 2021: AED 56,000 a yearRenewal, January 2022: AED 56,000 a yearRenewal, January 2023: AED 61,600 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 Iris, and where 402 sits

All 70 2-beds →

402 last sold in June 2016 at AED 1,004 per sqft, 6% above what two-beds in Azizi Iris were fetching at the time (AED 948). Over the last 12 months two-beds sold for AED 1,360,000 to 1,800,000, around AED 1,140 per sqft, and rent for AED 45,000 to 137,000 a year. 402's AED 61,600 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
10 Jun 20261,360,000
9 Apr 20261,700,000
17 Mar 20261,490,000
25 Feb 20261,800,000
5 2-bed sales in the last 12 months

Azizi Iris

Building

99 apartments, 1-bed to 3-bed over 11 floors in Al Furjan, completed in 2015 by Azizi Developments. 8 sold in the last 12 months.

Typical price per sqft
AED 1,133
Typical sale
AED 1.43M
Typical rent
AED 90K /yr
Typical yield
6.6%
Azizi Iris, Al Furjan: prices, sales and rents →

Other units on the 4th floor

All 99 units in Azizi Iris
Value
4012-bedAED 1.25M · Jun 2017
4032-bedAED 1.55M · Jul 2025
4042-bedAED 1.37M · Jul 2017
4052-bedAED 1.27M · Feb 2016
4061-bedAED 822K · Dec 2014
4072-bedAED 735K · Aug 2017
4081-bedAED 735K · Dec 2022
1–7 of 9

402, Azizi Iris in numbers

  • Sold once: by Azizi Developments on 21 June 2016 for AED 1,413,725, or AED 1,004 per sqft.
  • Rented since June 2017 on 6 Ejari contracts, from AED 90,000 to AED 61,600 a year.
  • At AED 61,600 a year the gross yield on the 2016 price is 4.4%, before a service charge of about AED 21,400 a year (AED 15.19 per sqft).
  • Two-beds in Azizi Iris sold for AED 1,360,000–1,800,000 in the 12 months to November 2026; the building's median across all types is AED 1,133 per sqft.

Source: Dubai Land Department. Updated 1 January 2023.

Questions about 402, Azizi Iris

What did unit 402 last sell for?

AED 1,413,725 on 21 June 2016, sold by the developer: AED 1,004 per sqft for 1,407 sqft. It is the only registered sale of the unit.

What is the rent for unit 402?

AED 61,600 a year on the contract renewed on 1 January 2023. The previous contract, from January 2022, was AED 56,000; the unit has been rented since June 2017.

How big is unit 402?

1,407 sqft (130.7 sqm): a two-bedroom apartment on the 4th floor of a 11-storey tower completed in 2015.

What is unit 402 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Azizi Iris sold for AED 1,360,000 to 1,800,000 in the last 12 months, around AED 1,140 per sqft.

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Mortgage on 402, Azizi Iris

Starts from the last sale price (AED 1.41M, 21 June 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,413,725
Deposit, UAE resident (20%)
AED 282,745
Deposit, non-resident (40%)
AED 565,490
Monthly over 25 years at 3.7%
AED 5,784

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