1216, Farishta Residence
Sold prices and rental history: sold once, by the developer in March 2022, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1216, Farishta Residence
What is 1216 worth today?
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Source: Dubai Land Department. Updated 1 March 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 2,203 sqft
- Floor
- 12th of 12
- Parking
- G-37, G-38
- Developer
- Azizi Developments
- Completed
- 2020
- Service charge
- AED 36,500 /yr
- Last sold
- AED 200K · March 2022
- Building
- Farishta Residence
About 1216, Farishta Residence
1216 is a two-bedroom apartment of 2,203 sqft on the 12th floor of Farishta Residence, a 12-storey tower in Al Furjan completed in 2020 by Azizi Developments. The developer sold it on 18 March 2022 for AED 200,000, or AED 90 per sqft, 91% below the AED 953 two-beds in the building were fetching at the time.
It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 1 March 2023, is AED 92,000 a year: a gross yield of 46.0% on the 2022 price, before the service charge of about AED 36,500 a year.
Sales and rents for 1216 over time
No registered sale of 1216; the dashed line is the two-bed median of each year in the building.
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 1216 sits
All 23 2-beds →1216 last sold in March 2022 at AED 90 per sqft, 91% below what two-beds in Farishta Residence were fetching at the time (AED 953). 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. 1216's AED 92,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Jan 202622 January 2026 | 1,159 sqft | 1,350,000 | 1,164 | ||
| 10 Jul 202510 July 2025 | 1,923 sqft | 1,360,000 | 707 | ||
| 5 Feb 20255 February 2025 | 1,227 sqft | 1,175,000 | 957 | ||
| 5 Dec 20245 December 2024 | 1,227 sqft | 1,175,000 | 957 |
Farishta Residence
Building282 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%
Other units on the 12th floor
All 282 units in Farishta Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 1-bed | 799 sqft | AED 815KAED 815,000 · Dec 2025December 2025 | 67,000 /yr | |
| 1202 | 1-bed | 789 sqft | AED 545KAED 545,000 · Nov 2021November 2021 | ||
| 1203 | Studio | 384 sqft | AED 560KAED 559,970 · Jan 2018January 2018 | 42,000 /yr | |
| 1204 | Studio | 398 sqft | AED 554KAED 553,878 · Jan 2018January 2018 | 30,000 /yr | |
| 1205 | 1-bed | 778 sqft | AED 785KAED 784,800 · Apr 2023April 2023 | ||
| 1206 | Studio | 392 sqft | AED 397KAED 396,845 · Mar 2022March 2022 | 57,000 /yr | |
| 1207 | 2-bed | 2,076 sqft | AED 1.45MAED 1,450,400 · May 2023May 2023 | ||
| 1208 | 1-bed | 900 sqft | AED 915KAED 915,120 · Mar 2020March 2020 | 65,000 /yr | |
| 1209 | 2-bed | 2,239 sqft | AED 1.5MAED 1,496,880 · Jun 2023June 2023 | ||
| 1210 | 2-bed | 2,039 sqft | AED 1.56MAED 1,560,000 · Nov 2022November 2022 | ||
| 1211 | 2-bed | 3,029 sqft | AED 507KAED 507,200 · Oct 2020October 2020 | 110,000 /yr | |
| 1212 | 2-bed | 2,065 sqft | AED 1.42MAED 1,418,900 · Jun 2023June 2023 | 114,000 /yr | |
| 1213 | 2-bed | 2,056 sqft | AED 1.37MAED 1,367,480 · May 2023May 2023 | 120,000 /yr | |
| 1214 | 1-bed | 881 sqft | AED 900KAED 900,000 · Apr 2026April 2026 | 65,000 /yr | |
| 1215 | 2-bed | 2,236 sqft | AED 1.55MAED 1,548,400 · Jun 2022June 2022 |
1216, Farishta Residence in numbers
- Sold once: by Azizi Developments on 18 March 2022 for AED 200,000, or AED 90 per sqft.
- Rented since December 2020 on 2 Ejari contracts, from AED 70,000 to AED 92,000 a year.
- At AED 92,000 a year the gross yield on the 2022 price is 46.0%, before a service charge of about AED 36,500 a year (AED 16.56 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 1 March 2023.
Questions about 1216, Farishta Residence
What did unit 1216 last sell for?
AED 200,000 on 18 March 2022, sold by the developer: AED 90 per sqft for 2,203 sqft. It is the only registered sale of the unit.
What is the rent for unit 1216?
AED 92,000 a year on the contract signed on 1 March 2023. The previous contract, from December 2020, was AED 70,000.
How big is unit 1216?
2,203 sqft (204.7 sqm): a two-bedroom apartment on the 12th floor of a 12-storey tower completed in 2020.
What is unit 1216 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 1216, Farishta Residence
Starts from the last sale price (AED 200K, 18 March 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 200,000
- Deposit, UAE resident (20%)
- AED 40,000
- Deposit, non-resident (40%)
- AED 80,000
- Monthly over 25 years at 3.7%
- AED 818
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →