516, Farishta Residence
Sold prices and rental history: sold twice, last in April 2023, and rented once, from September 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 516, Farishta Residence
What is 516 worth today?
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Source: Dubai Land Department. Updated 13 September 2025.
Key facts
- Type
- Studio apartment
- Size
- 396 sqft
- Floor
- 5th of 12
- Parking
- P1-23
- Developer
- Azizi Developments
- Completed
- 2020
- Service charge
- AED 6,600 /yr
- Last sold
- AED 450K · April 2023
- Building
- Farishta Residence
About 516, Farishta Residence
516 is a studio of 396 sqft on the 5th floor of Farishta Residence, a 12-storey tower in Al Furjan completed in 2020 by Azizi Developments. It last sold on 11 April 2023 for AED 450,000, or AED 1,135 per sqft, 8% above the AED 1,051 studios in the building were fetching at the time.
One Ejari contract is registered, from 13 September 2025. The current contract, signed on 13 September 2025, is AED 48,000 a year: a gross yield of 10.7% on the 2023 price, before the service charge of about AED 6,600 a year.
Sales and rents for 516 over time
516 has sold twice; the dashed line is the studio median of each year in the building.
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 516 sits
All 135 studios →516 last sold in April 2023 at AED 1,135 per sqft, 8% above what studios in Farishta Residence were fetching at the time (AED 1,051). 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. 516's AED 48,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 Nov 20264 November 2026 | 377 sqft | 515,000 | 1,365 | ||
| 29 Oct 202629 October 2026 | 396 sqft | 500,000 | 1,261 | ||
| 16 Oct 202616 October 2026 | 381 sqft | 498,000 | 1,306 | ||
| 23 Jun 202623 June 2026 | 398 sqft | 430,000 | 1,079 |
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 5th floor
All 282 units in Farishta Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 798 sqft | AED 825KAED 825,000 · Sep 2025September 2025 | 66,000 /yr | |
| 502 | 1-bed | 835 sqft | AED 625KAED 624,890 · Jan 2021January 2021 | 59,000 /yr | |
| 503 | Studio | 384 sqft | AED 493KAED 493,224 · Dec 2017December 2017 | 36,000 /yr | |
| 504 | Studio | 398 sqft | AED 519KAED 519,000 · Feb 2017February 2017 | 48,000 /yr | |
| 505 | 1-bed | 849 sqft | AED 1.02MAED 1,015,000 · Sep 2020September 2020 | 66,000 /yr | |
| 506 | Studio | 392 sqft | AED 438KAED 437,925 · Oct 2019October 2019 | 40,000 /yr | |
| 507 | Studio | 398 sqft | AED 517KAED 517,000 · Feb 2017February 2017 | 40,000 /yr | |
| 508 | 1-bed | 899 sqft | AED 685KAED 685,000 · Jul 2023July 2023 | 65,000 /yr | |
| 509 | Studio | 378 sqft | AED 494KAED 494,080 · Sep 2017September 2017 | 38,000 /yr | |
| 510 | Studio | 380 sqft | AED 440KAED 440,000 · May 2024May 2024 | 48,000 /yr | |
| 511 | 1-bed | 832 sqft | AED 1.03MAED 1,032,000 · Jan 2018January 2018 | 54,000 /yr | |
| 512 | 1-bed | 769 sqft | AED 989KAED 989,000 · Oct 2017October 2017 | 63,000 /yr | |
| 513 | 1-bed | 754 sqft | AED 950KAED 950,000 · Oct 2017October 2017 | 47,250 /yr | |
| 514 | 1-bed | 612 sqft | AED 545KAED 544,600 · May 2023May 2023 | 52,000 /yr | |
| 515 | Studio | 377 sqft | AED 500KAED 500,189 · Mar 2017March 2017 | 56,249 /yr | |
| 517 | 1-bed | 820 sqft | AED 820KAED 820,000 · Oct 2020October 2020 | 66,000 /yr | |
| 518 | Studio | 376 sqft | AED 503KAED 502,724 · Feb 2018February 2018 | 38,000 /yr | |
| 519 | Studio | 379 sqft | AED 450KAED 450,000 · Sep 2023September 2023 | 46,000 /yr | |
| 520 | 1-bed | 881 sqft | AED 827KAED 826,500 · Apr 2023April 2023 | 61,000 /yr | |
| 521 | Studio | 379 sqft | AED 535KAED 535,000 · Dec 2017December 2017 | 41,000 /yr | |
| 522 | Studio | 381 sqft | AED 390KAED 390,000 · May 2023May 2023 | 42,000 /yr | |
| 523 | Studio | 380 sqft | AED 490KAED 490,000 · Jan 2026January 2026 | 40,000 /yr | |
| 524 | 1-bed | 790 sqft | AED 621KAED 620,500 · Feb 2021February 2021 | ||
| 525 | 2-bed | 1,227 sqft | AED 1.18MAED 1,175,000 · Feb 2025February 2025 | 115,000 /yr |
516, Farishta Residence in numbers
- Sold twice: first on 18 January 2017 for AED 531,270, last on 11 April 2023 for AED 450,000 (AED 1,135 per sqft).
- Rented since September 2025 on one Ejari contract, at AED 48,000 a year.
- At AED 48,000 a year the gross yield on the 2023 price is 10.7%, 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 13 September 2025.
Questions about 516, Farishta Residence
What did unit 516 last sell for?
AED 450,000 on 11 April 2023: AED 1,135 per sqft for 396 sqft. The unit has 2 registered sales; the first was AED 531,270 in January 2017.
What is the rent for unit 516?
AED 48,000 a year on the contract signed on 13 September 2025.
How big is unit 516?
396 sqft (36.8 sqm): a studio on the 5th floor of a 12-storey tower completed in 2020.
What is unit 516 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 516, Farishta Residence
Starts from the last sale price (AED 450K, 11 April 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 450,000
- Deposit, UAE resident (20%)
- AED 90,000
- Deposit, non-resident (40%)
- AED 180,000
- Monthly over 25 years at 3.7%
- AED 1,841
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →