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Studio · 398 sqftFarishta Residence, Al Furjan · 4th floor · completed 2020

407, Farishta Residence

Sold prices and rental history: sold twice, last in October 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 407 · DLD and Ejari recordsUpdated 25 October 2024
Last soldAED 485K25 October 2024
Current rentAED 57K /yr11 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 407, Farishta Residence

What is 407 worth today?

Last sold for AED 485,000 in 2024

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25 Oct 2024SoldReady
AED 485,000AED 1,220 per sqft
11 Nov 2023RentedNew contract
AED 57,000/yr12 months · AED 143 per sqft
15 Oct 2022RentedNew contract
AED 48,000/yr12 months · AED 121 per sqft
9 Nov 2017Sold by developerOff-plan
AED 528,090AED 1,328 per sqft

Source: Dubai Land Department. Updated 25 October 2024.

Key facts

Type
Studio apartment
Size
398 sqft
Floor
4th of 12
Parking
B-90
Developer
Azizi Developments
Completed
2020
Service charge
AED 6,600 /yr
Last sold
AED 485K · October 2024
Building
Farishta Residence

About 407, Farishta Residence

407 is a studio of 398 sqft on the 4th floor of Farishta Residence, a 12-storey tower in Al Furjan completed in 2020 by Azizi Developments. It last sold on 25 October 2024 for AED 485,000, or AED 1,220 per sqft, 9% above the AED 1,121 studios in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 11 November 2023, is AED 57,000 a year: a gross yield of 11.8% on the 2024 price, before the service charge of about AED 6,600 a year.

Sales and rents for 407 over time

Sales
Unit 407, each saleTypical studio in Farishta Residence
400K500K2017202020232026Typical sale price by year: 2017 AED 514,311; 2018 AED 522,741; 2019 AED 464,682; 2020 AED 445,918; 2021 AED 443,730; 2022 AED 399,000; 2023 AED 405,000; 2024 AED 437,250; 2025 AED 490,000; 2026 AED 499,000Sold by developer, November 2017: AED 528,090 (AED 1,328 per sqft)Sold, October 2024: AED 485,000 (AED 1,220 per sqft)

407 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 407, each contractTypical studio in Farishta Residence
20K40K60K2020202220242026Typical rent by year: 2020 AED 24,000; 2021 AED 24,000; 2022 AED 30,000; 2023 AED 35,700; 2024 AED 42,000; 2025 AED 45,000; 2026 AED 45,000New contract, October 2022: AED 48,000 a yearNew contract, November 2023: AED 57,000 a year

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

Studios in Farishta Residence, and where 407 sits

All 135 studios →

407 last sold in October 2024 at AED 1,220 per sqft, 9% above what studios in Farishta Residence were fetching at the time (AED 1,121). Over the last 12 months studios sold for AED 430,000 to 520,000, around AED 1,283 per sqft, and rent for AED 34,728 to 74,400 a year. 407's AED 57,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
4 Nov 2026515,000
29 Oct 2026500,000
16 Oct 2026498,000
23 Jun 2026430,000
10 studio sales 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 4th floor

All 282 units in Farishta Residence
Value
4011-bedAED 662K · Mar 2022
4021-bedAED 1.03M · Feb 2018
403StudioAED 475K · Sep 2024
404StudioAED 350K · Jun 2022
4051-bedAED 800K · Aug 2025
406StudioAED 508K · Mar 2017
4081-bedAED 790K · Oct 2024
1–7 of 24

407, Farishta Residence in numbers

  • Sold twice: first on 9 November 2017 for AED 528,090, last on 25 October 2024 for AED 485,000 (AED 1,220 per sqft).
  • Rented since October 2022 on 2 Ejari contracts, from AED 48,000 to AED 57,000 a year.
  • At AED 57,000 a year the gross yield on the 2024 price is 11.8%, before a service charge of about AED 6,600 a year (AED 16.56 per sqft).
  • Studios in Farishta Residence sold for AED 430,000–520,000 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 25 October 2024.

Questions about 407, Farishta Residence

What did unit 407 last sell for?

AED 485,000 on 25 October 2024: AED 1,220 per sqft for 398 sqft. The unit has 2 registered sales; the first was AED 528,090 in November 2017.

What is the rent for unit 407?

AED 57,000 a year on the contract signed on 11 November 2023. The previous contract, from October 2022, was AED 48,000.

How big is unit 407?

398 sqft (37.0 sqm): a studio on the 4th floor of a 12-storey tower completed in 2020.

What is unit 407 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Farishta Residence sold for AED 430,000 to 520,000 in the last 12 months, around AED 1,283 per sqft.

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Mortgage on 407, Farishta Residence

Starts from the last sale price (AED 485K, 25 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 485,000
Deposit, UAE resident (20%)
AED 97,000
Deposit, non-resident (40%)
AED 194,000
Monthly over 25 years at 3.7%
AED 1,984

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