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Studio · 384 sqftFarishta Residence, Al Furjan · 5th floor · completed 2020

503, Farishta Residence

Sold prices and rental history: sold once, by the developer in December 2017, and rented once, from April 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503 · DLD and Ejari recordsUpdated 1 April 2023
Last soldAED 493K26 December 2017
Current rentAED 36K /yr1 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 503, Farishta Residence

What is 503 worth today?

Last sold for AED 493,224 in 2017

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1 Apr 2023RentedNew contract
AED 36,000/yr12 months · AED 93 per sqft
26 Dec 2017Sold by developerOff-plan
AED 493,224AED 1,284 per sqft

Source: Dubai Land Department. Updated 1 April 2023.

Key facts

Type
Studio apartment
Size
384 sqft
Floor
5th of 12
Parking
P1-11
Developer
Azizi Developments
Completed
2020
Service charge
AED 6,400 /yr
Last sold
AED 493K · December 2017
Building
Farishta Residence

About 503, Farishta Residence

503 is a studio of 384 sqft on the 5th floor of Farishta Residence, a 12-storey tower in Al Furjan completed in 2020 by Azizi Developments. The developer sold it on 26 December 2017 for AED 493,224, or AED 1,284 per sqft, 3% below the AED 1,327 studios in the building were fetching at the time.

One Ejari contract is registered, from 1 April 2023. The current contract, signed on 1 April 2023, is AED 36,000 a year: a gross yield of 7.3% on the 2017 price, before the service charge of about AED 6,400 a year.

Sales and rents for 503 over time

Sales
Unit 503, 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, December 2017: AED 493,224 (AED 1,284 per sqft)

503 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 503, each contractTypical studio in Farishta Residence
30K40K2020202220242026Typical 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, April 2023: AED 36,000 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 503 sits

All 135 studios →

503 last sold in December 2017 at AED 1,284 per sqft, 3% below what studios in Farishta Residence were fetching at the time (AED 1,327). 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. 503's AED 36,000 is in the lower 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 5th floor

All 282 units in Farishta Residence
Value
5011-bedAED 825K · Sep 2025
5021-bedAED 625K · Jan 2021
504StudioAED 519K · Feb 2017
5051-bedAED 1.02M · Sep 2020
506StudioAED 438K · Oct 2019
507StudioAED 517K · Feb 2017
5081-bedAED 685K · Jul 2023
1–7 of 24

503, Farishta Residence in numbers

  • Sold once: by Azizi Developments on 26 December 2017 for AED 493,224, or AED 1,284 per sqft.
  • Rented since April 2023 on one Ejari contract, at AED 36,000 a year.
  • At AED 36,000 a year the gross yield on the 2017 price is 7.3%, before a service charge of about AED 6,400 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 1 April 2023.

Questions about 503, Farishta Residence

What did unit 503 last sell for?

AED 493,224 on 26 December 2017, sold by the developer: AED 1,284 per sqft for 384 sqft. It is the only registered sale of the unit.

What is the rent for unit 503?

AED 36,000 a year on the contract signed on 1 April 2023.

How big is unit 503?

384 sqft (35.7 sqm): a studio on the 5th floor of a 12-storey tower completed in 2020.

What is unit 503 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 503, Farishta Residence

Starts from the last sale price (AED 493K, 26 December 2017). Switch to today's estimate once you have unlocked it.
Price
AED 493,224
Deposit, UAE resident (20%)
AED 98,645
Deposit, non-resident (40%)
AED 197,290
Monthly over 25 years at 3.7%
AED 2,018

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