2-bed · 1,234 sqftAzizi Tulip, Al Furjan · 4th floor · completed 2017

406, Azizi Tulip

Sold prices and rental history: sold twice, last in February 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 406 · DLD and Ejari recordsUpdated 15 July 2024
Last soldAED 1.08M5 February 2024
Current rentAED 73K /yr15 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 406, Azizi Tulip

What is 406 worth today?

Last sold for AED 1,080,000 in 2024

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15 Jul 2024RentedRenewal
AED 73,403/yr8 months · AED 59 per sqft
5 Feb 2024SoldReady
AED 1,080,000AED 875 per sqft
15 Jul 2023RentedRenewal
AED 67,100/yr12 months · AED 54 per sqft
15 Jul 2022RentedNew contract
AED 61,000/yr12 months · AED 49 per sqft
15 Jul 2021RentedRenewal
AED 58,000/yr12 months · AED 47 per sqft
15 Jul 2020RentedNew contract
AED 58,000/yr12 months · AED 47 per sqft
15 Apr 2019RentedNew contract
AED 70,000/yr12 months · AED 57 per sqft
8 Feb 2018RentedNew contract
AED 80,000/yr12 months · AED 65 per sqft

Source: Dubai Land Department. Updated 15 July 2024.

Key facts

Type
2-bed apartment
Size
1,234 sqft
Floor
4th of 11
Parking
G-28
Developer
Azizi Developments
Completed
2017
Service charge
AED 14,900 /yr
Last sold
AED 1.08M · February 2024
Building
Azizi Tulip

About 406, Azizi Tulip

406 is a two-bedroom apartment of 1,234 sqft on the 4th floor of Azizi Tulip, a 11-storey tower in Al Furjan completed in 2017 by Azizi Developments. It last sold on 5 February 2024 for AED 1,080,000, or AED 875 per sqft, in line with the AED 852 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, renewed on 15 July 2024, is AED 73,403 a year: a gross yield of 6.8% on the 2024 price, before the service charge of about AED 14,900 a year.

Sales and rents for 406 over time

Sales
Unit 406, each saleTypical two-bed in Azizi Tulip
1.2M1.4M2016201920222025Typical sale price by year: 2016 AED 1,227,053; 2017 AED 1,315,500; 2018 AED 1,299,841; 2023 AED 1,230,000; 2024 AED 1,137,500; 2025 AED 1,450,000Sold by developer, December 2016: AED 1,201,489 (AED 973 per sqft)Sold, February 2024: AED 1,080,000 (AED 875 per sqft)

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

Rents
Unit 406, each contractTypical two-bed in Azizi Tulip
60K80K100K2017202020232026Typical rent by year: 2017 AED 90,000; 2018 AED 80,500; 2019 AED 76,750; 2020 AED 68,000; 2021 AED 65,000; 2022 AED 70,000; 2023 AED 80,000; 2024 AED 87,500; 2025 AED 94,000; 2026 AED 93,000New contract, February 2018: AED 80,000 a yearNew contract, April 2019: AED 70,000 a yearNew contract, July 2020: AED 58,000 a yearRenewal, July 2021: AED 58,000 a yearNew contract, July 2022: AED 61,000 a yearRenewal, July 2023: AED 67,100 a yearRenewal, July 2024: AED 73,403 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 Tulip, and where 406 sits

All 58 2-beds →

406 last sold in February 2024 at AED 875 per sqft, in line with what two-beds in Azizi Tulip were fetching at the time (AED 852). Over the last 12 months two-beds sold for AED 1,400,000, around AED 1,102 per sqft, and rent for AED 50,000 to 142,000 a year. 406's AED 73,403 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
25 Aug 20261,400,000
27 Nov 20251,400,000
15 Sep 20251,150,000
27 Aug 20251,500,000
2 2-bed sales in the last 12 months

Azizi Tulip

Building

97 apartments, 1-bed to 3-bed over 11 floors in Al Furjan, completed in 2017 by Azizi Developments. 3 sold in the last 12 months.

Typical price per sqft
AED 1,150
Typical sale
AED 1.4M
Typical rent
AED 82K /yr
Typical yield
6.9%
Azizi Tulip, Al Furjan: prices, sales and rents →

Other units on the 4th floor

All 97 units in Azizi Tulip
Value
4012-bedAED 1.34M · Oct 2017
4022-bedAED 1.36M · May 2016
4031-bedAED 877K · Sep 2016
4041-bedAED 860K · Nov 2017
4052-bedAED 1.19M · Feb 2017
4072-bedAED 1.28M · Sep 2018
4083-bedAED 1.25M · Apr 2019
1–7 of 9

406, Azizi Tulip in numbers

  • Sold twice: first on 5 December 2016 for AED 1,201,489, last on 5 February 2024 for AED 1,080,000 (AED 875 per sqft).
  • Rented since February 2018 on 7 Ejari contracts. The rent fell from AED 80,000 to AED 58,000 in 2021 and recovered to AED 73,403 by July 2024.
  • At AED 73,403 a year the gross yield on the 2024 price is 6.8%, before a service charge of about AED 14,900 a year (AED 12.05 per sqft).
  • Two-beds in Azizi Tulip sold for AED 1,400,000–1,400,000 in the 12 months to November 2026; the building's median across all types is AED 1,150 per sqft.

Source: Dubai Land Department. Updated 15 July 2024.

Questions about 406, Azizi Tulip

What did unit 406 last sell for?

AED 1,080,000 on 5 February 2024: AED 875 per sqft for 1,234 sqft. The unit has 2 registered sales; the first was AED 1,201,489 in December 2016.

What is the rent for unit 406?

AED 73,403 a year on the contract renewed on 15 July 2024. The previous contract, from July 2023, was AED 67,100; the unit has been rented since February 2018.

How big is unit 406?

1,234 sqft (114.6 sqm): a two-bedroom apartment on the 4th floor of a 11-storey tower completed in 2017.

What is unit 406 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Azizi Tulip sold for AED 1,400,000 to 1,400,000 in the last 12 months, around AED 1,102 per sqft.

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Mortgage on 406, Azizi Tulip

Starts from the last sale price (AED 1.08M, 5 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,080,000
Deposit, UAE resident (20%)
AED 216,000
Deposit, non-resident (40%)
AED 432,000
Monthly over 25 years at 3.7%
AED 4,419

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