2-bed · 1,512 sqftAzizi Iris, Al Furjan · 5th floor · completed 2015

507, Azizi Iris

Sold prices and rental history: sold 3 times, last in February 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 507 · DLD and Ejari recordsUpdated 15 July 2024
Last soldAED 1.4M9 February 2024
Current rentAED 88K /yr15 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 507, Azizi Iris

What is 507 worth today?

Last sold for AED 1,400,000 in 2024

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15 Jul 2024RentedRenewal
AED 88,000/yr3 months · AED 58 per sqft
10 Feb 2024RentedNew contract
AED 80,001/yr5 months · AED 53 per sqft
9 Feb 2024SoldReady
AED 1,400,000AED 926 per sqft
15 Jul 2023RentedRenewal
AED 80,000/yr12 months · AED 53 per sqft
15 Jul 2022RentedRenewal
AED 72,000/yr12 months · AED 48 per sqft
15 Jul 2021RentedRenewal
AED 66,000/yr12 months · AED 44 per sqft
15 Jul 2020RentedRenewal
AED 66,000/yr12 months · AED 44 per sqft
15 Jul 2019RentedRenewal
AED 84,000/yr12 months · AED 56 per sqft

Source: Dubai Land Department. Updated 15 July 2024.

Key facts

Type
2-bed apartment
Size
1,512 sqft
Floor
5th of 11
Parking
G-54
Developer
Azizi Developments
Completed
2015
Service charge
AED 23,000 /yr
Last sold
AED 1.4M · February 2024
Building
Azizi Iris

About 507, Azizi Iris

507 is a two-bedroom apartment of 1,512 sqft on the 5th floor of Azizi Iris, a 11-storey tower in Al Furjan completed in 2015 by Azizi Developments. It last sold on 9 February 2024 for AED 1,400,000, or AED 926 per sqft, 20% above the AED 771 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 9 Ejari contracts. The current contract, renewed on 15 July 2024, is AED 88,000 a year: a gross yield of 6.3% on the 2024 price, before the service charge of about AED 23,000 a year.

Sales and rents for 507 over time

Sales
Unit 507, 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, September 2016: AED 1,334,951 (AED 883 per sqft)Sold, July 2017: AED 737,500 (AED 487 per sqft)Sold, February 2024: AED 1,400,000 (AED 926 per sqft)

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

Rents
Unit 507, 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, July 2017: AED 90,000 a yearRenewal, July 2018: AED 90,000 a yearRenewal, July 2019: AED 84,000 a yearRenewal, July 2020: AED 66,000 a yearRenewal, July 2021: AED 66,000 a yearRenewal, July 2022: AED 72,000 a yearRenewal, July 2023: AED 80,000 a yearNew contract, February 2024: AED 80,001 a yearRenewal, July 2024: AED 88,000 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 507 sits

All 70 2-beds →

507 last sold in February 2024 at AED 926 per sqft, 20% above what two-beds in Azizi Iris were fetching at the time (AED 771). 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. 507's AED 88,000 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
5032-bedAED 1.45M · Nov 2016
5042-bedAED 1.42M · Nov 2017
5052-bedAED 1.2M · Jun 2024
5061-bedAED 839K · Feb 2015
5081-bedAED 919K · Apr 2016
1–7 of 9

507, Azizi Iris in numbers

  • Sold 3 times: first on 27 September 2016 for AED 1,334,951, last on 9 February 2024 for AED 1,400,000 (AED 926 per sqft).
  • Rented since July 2017 on 9 Ejari contracts. The rent fell from AED 90,000 to AED 66,000 in 2021 and recovered to AED 88,000 by July 2024.
  • At AED 88,000 a year the gross yield on the 2024 price is 6.3%, before a service charge of about AED 23,000 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 15 July 2024.

Questions about 507, Azizi Iris

What did unit 507 last sell for?

AED 1,400,000 on 9 February 2024: AED 926 per sqft for 1,512 sqft. The unit has 3 registered sales; the first was AED 1,334,951 in September 2016.

What is the rent for unit 507?

AED 88,000 a year on the contract renewed on 15 July 2024. The previous contract, from February 2024, was AED 80,001; the unit has been rented since July 2017.

How big is unit 507?

1,512 sqft (140.5 sqm): a two-bedroom apartment on the 5th floor of a 11-storey tower completed in 2015.

What is unit 507 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 507, Azizi Iris

Starts from the last sale price (AED 1.4M, 9 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,400,000
Deposit, UAE resident (20%)
AED 280,000
Deposit, non-resident (40%)
AED 560,000
Monthly over 25 years at 3.7%
AED 5,728

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