2-bed · 1,442 sqftFarishta Residence, Al Furjan · 1st floor · completed 2020

116, Farishta Residence

Sold prices and rental history: sold twice, last in December 2020, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 116 · DLD and Ejari recordsUpdated 22 December 2020
Last soldAED 850K22 December 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 116, Farishta Residence

What is 116 worth today?

Last sold for AED 850,000 in 2020

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22 Dec 2020SoldReady
AED 850,000AED 589 per sqft
2 Oct 2019Sold by developerOff-plan
AED 1,002,846AED 776 per sqft

Source: Dubai Land Department. Updated 22 December 2020.

Key facts

Type
2-bed apartment
Size
1,442 sqft
Floor
1st of 12
Parking
B-95, B-102
Developer
Azizi Developments
Completed
2020
Service charge
AED 23,900 /yr
Last sold
AED 850K · December 2020

About 116, Farishta Residence

116 is a two-bedroom apartment of 1,442 sqft on the 1st floor of Farishta Residence, a 12-storey tower in Al Furjan completed in 2020 by Azizi Developments. It last sold on 22 December 2020 for AED 850,000, or AED 589 per sqft, 34% below the AED 890 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 116 over time

Sales
Unit 116, each saleTypical two-bed in Farishta Residence
1M1.5M2019202120232025Typical sale price by year: 2020 AED 1,100,040; 2022 AED 1,548,400; 2023 AED 1,418,900; 2024 AED 1,175,000Sold by developer, October 2019: AED 1,002,846 (AED 776 per sqft)Sold, December 2020: AED 850,000 (AED 589 per sqft)

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

Rents
Unit 116, each contractTypical two-bed in Farishta Residence
50K75K100K2020202220242026Typical rent by year: 2020 AED 58,000; 2021 AED 60,000; 2022 AED 68,125; 2023 AED 76,000; 2024 AED 88,000; 2025 AED 112,500; 2026 AED 98,800

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Farishta Residence, and where 116 sits

All 23 2-beds →

116 last sold in December 2020 at AED 589 per sqft, 34% below what two-beds in Farishta Residence were fetching at the time (AED 890). Over the last 12 months two-beds sold for AED 1,350,000, around AED 1,164 per sqft, and rent for AED 90,000 to 115,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
22 Jan 20261,350,000
10 Jul 20251,360,000
5 Feb 20251,175,000
5 Dec 20241,175,000
1 2-bed sale in the last 12 months

Farishta Residence

Building

282 apartments, studios to 2-bed over 12 floors in Al Furjan, completed in 2020 by Azizi Developments. 22 sold in the last 12 months.

Typical price per sqft
AED 1,091 Down 1.5%
Typical sale
AED 690K
Typical rent
AED 57K /yr
Typical yield
8.9%
Farishta Residence, Al Furjan: prices, sales and rents →

Other units on the 1st floor

All 282 units in Farishta Residence
Value
1011-bedAED 799K · Sep 2022
1021-bedAED 842K · Feb 2024
103StudioAED 507K · Oct 2017
104StudioAED 517K · Oct 2017
1051-bedAED 848K · May 2023
106StudioAED 520K · Dec 2017
1072-bedAED 1.12M · Feb 2024
1–7 of 17

116, Farishta Residence in numbers

  • Sold twice: first on 2 October 2019 for AED 1,002,846, last on 22 December 2020 for AED 850,000 (AED 589 per sqft).
  • Two-beds in Farishta Residence sold for AED 1,350,000–1,350,000 in the 12 months to November 2026; the building's median across all types is AED 1,091 per sqft.

Source: Dubai Land Department. Updated 22 December 2020.

Questions about 116, Farishta Residence

What did unit 116 last sell for?

AED 850,000 on 22 December 2020: AED 589 per sqft for 1,442 sqft. The unit has 2 registered sales; the first was AED 1,002,846 in October 2019.

How big is unit 116?

1,442 sqft (134.0 sqm): a two-bedroom apartment on the 1st floor of a 12-storey tower completed in 2020.

What is unit 116 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Farishta Residence sold for AED 1,350,000 to 1,350,000 in the last 12 months, around AED 1,164 per sqft.

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Mortgage on 116, Farishta Residence

Starts from the last sale price (AED 850K, 22 December 2020). Switch to today's estimate once you have unlocked it.
Price
AED 850,000
Deposit, UAE resident (20%)
AED 170,000
Deposit, non-resident (40%)
AED 340,000
Monthly over 25 years at 3.7%
AED 3,478

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