2-bed · 1,447 sqftAzizi Iris, Al Furjan · 4th floor · completed 2015

404, Azizi Iris

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

Unit 404 · DLD and Ejari recordsUpdated 16 February 2022
Last soldAED 1.37M31 July 2017
Current rentAED 75K /yr16 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 404, Azizi Iris

What is 404 worth today?

Last sold for AED 1,373,568 in 2017

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16 Feb 2022RentedRenewal
AED 75,202/yr12 months · AED 52 per sqft
8 Feb 2021RentedRenewal
AED 63,293/yr12 months · AED 44 per sqft
30 Jan 2020RentedNew contract
AED 72,000/yr12 months · AED 50 per sqft
2 Dec 2019RentedRenewal
AED 82,000/yr12 months · AED 57 per sqft
2 Dec 2018RentedRenewal
AED 93,000/yr12 months · AED 64 per sqft
2 Dec 2017RentedNew contract
AED 96,000/yr12 months · AED 67 per sqft
31 Jul 2017Sold by developerReady
AED 1,373,568AED 949 per sqft

Source: Dubai Land Department. Updated 16 February 2022.

Key facts

Type
2-bed apartment
Size
1,447 sqft
Floor
4th of 11
Parking
G-28
Developer
Azizi Developments
Completed
2015
Service charge
AED 22,000 /yr
Last sold
AED 1.37M · July 2017
Building
Azizi Iris

About 404, Azizi Iris

404 is a two-bedroom apartment of 1,447 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 31 July 2017 for AED 1,373,568, or AED 949 per sqft, in line with the AED 930 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 16 February 2022, is AED 75,202 a year: a gross yield of 5.5% on the 2017 price, before the service charge of about AED 22,000 a year.

Sales and rents for 404 over time

Sales
Unit 404, 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, July 2017: AED 1,373,568 (AED 949 per sqft)

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

Rents
Unit 404, 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, December 2017: AED 96,000 a yearRenewal, December 2018: AED 93,000 a yearRenewal, December 2019: AED 82,000 a yearNew contract, January 2020: AED 72,000 a yearRenewal, February 2021: AED 63,293 a yearRenewal, February 2022: AED 75,202 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 404 sits

All 70 2-beds →

404 last sold in July 2017 at AED 949 per sqft, in line with what two-beds in Azizi Iris were fetching at the time (AED 930). 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. 404's AED 75,202 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
4022-bedAED 1.41M · Jun 2016
4032-bedAED 1.55M · Jul 2025
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

404, Azizi Iris in numbers

  • Sold once: by Azizi Developments on 31 July 2017 for AED 1,373,568, or AED 949 per sqft.
  • Rented since December 2017 on 6 Ejari contracts. The rent fell from AED 96,000 to AED 63,293 in 2021 and recovered to AED 75,202 by February 2022.
  • At AED 75,202 a year the gross yield on the 2017 price is 5.5%, before a service charge of about AED 22,000 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 16 February 2022.

Questions about 404, Azizi Iris

What did unit 404 last sell for?

AED 1,373,568 on 31 July 2017, sold by the developer: AED 949 per sqft for 1,447 sqft. It is the only registered sale of the unit.

What is the rent for unit 404?

AED 75,202 a year on the contract renewed on 16 February 2022. The previous contract, from February 2021, was AED 63,293; the unit has been rented since December 2017.

How big is unit 404?

1,447 sqft (134.4 sqm): a two-bedroom apartment on the 4th floor of a 11-storey tower completed in 2015.

What is unit 404 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 404, Azizi Iris

Starts from the last sale price (AED 1.37M, 31 July 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,373,568
Deposit, UAE resident (20%)
AED 274,714
Deposit, non-resident (40%)
AED 549,427
Monthly over 25 years at 3.7%
AED 5,620

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