2-bed · 1,487 sqftAzizi Iris, Al Furjan · 5th floor · completed 2015

503, Azizi Iris

Sold prices and rental history: sold once, by the developer in November 2016, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503 · DLD and Ejari recordsUpdated 25 January 2021
Last soldAED 1.45M21 November 2016
Current rentAED 75K /yr25 January 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 503, Azizi Iris

What is 503 worth today?

Last sold for AED 1,448,603 in 2016

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25 Jan 2021RentedRenewal
AED 75,000/yr12 months · AED 50 per sqft
25 Jan 2020RentedRenewal
AED 80,000/yr12 months · AED 54 per sqft
25 Jan 2019RentedNew contract
AED 85,000/yr12 months · AED 57 per sqft
21 Nov 2016Sold by developerOff-plan
AED 1,448,603AED 974 per sqft

Source: Dubai Land Department. Updated 25 January 2021.

Key facts

Type
2-bed apartment
Size
1,487 sqft
Floor
5th of 11
Parking
G-36, G-37
Developer
Azizi Developments
Completed
2015
Service charge
AED 22,600 /yr
Last sold
AED 1.45M · November 2016
Building
Azizi Iris

About 503, Azizi Iris

503 is a two-bedroom apartment of 1,487 sqft on the 5th floor of Azizi Iris, a 11-storey tower in Al Furjan completed in 2015 by Azizi Developments. The developer sold it on 21 November 2016 for AED 1,448,603, or AED 974 per sqft, 4% above the AED 939 two-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, renewed on 25 January 2021, is AED 75,000 a year: a gross yield of 5.2% on the 2016 price, before the service charge of about AED 22,600 a year.

Sales and rents for 503 over time

Sales
Unit 503, 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, November 2016: AED 1,448,603 (AED 974 per sqft)

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

Rents
Unit 503, 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, January 2019: AED 85,000 a yearRenewal, January 2020: AED 80,000 a yearRenewal, January 2021: AED 75,000 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 Iris, and where 503 sits

All 70 2-beds →

503 last sold in November 2016 at AED 974 per sqft, 4% above what two-beds in Azizi Iris were fetching at the time (AED 939). 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. 503's AED 75,000 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 5th floor

All 99 units in Azizi Iris
Value
5012-bedAED 1.49M · Mar 2026
5022-bedAED 1.35M · Dec 2016
5042-bedAED 1.42M · Nov 2017
5052-bedAED 1.2M · Jun 2024
5061-bedAED 839K · Feb 2015
5072-bedAED 1.4M · Feb 2024
5081-bedAED 919K · Apr 2016
1–7 of 9

503, Azizi Iris in numbers

  • Sold once: by Azizi Developments on 21 November 2016 for AED 1,448,603, or AED 974 per sqft.
  • Rented since January 2019 on 3 Ejari contracts, from AED 85,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2016 price is 5.2%, before a service charge of about AED 22,600 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 25 January 2021.

Questions about 503, Azizi Iris

What did unit 503 last sell for?

AED 1,448,603 on 21 November 2016, sold by the developer: AED 974 per sqft for 1,487 sqft. It is the only registered sale of the unit.

What is the rent for unit 503?

AED 75,000 a year on the contract renewed on 25 January 2021. The previous contract, from January 2020, was AED 80,000; the unit has been rented since January 2019.

How big is unit 503?

1,487 sqft (138.1 sqm): a two-bedroom apartment on the 5th floor of a 11-storey tower completed in 2015.

What is unit 503 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 503, Azizi Iris

Starts from the last sale price (AED 1.45M, 21 November 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,448,603
Deposit, UAE resident (20%)
AED 289,721
Deposit, non-resident (40%)
AED 579,441
Monthly over 25 years at 3.7%
AED 5,927

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