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Studio · 380 sqftFarishta Residence, Al Furjan · 7th floor · completed 2020

723, Farishta Residence

Sold prices and rental history: sold twice, last in October 2023, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 723 · DLD and Ejari recordsUpdated 26 October 2023
Last soldAED 400K26 October 2023
Current rentAED 31K /yr20 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 723, Farishta Residence

What is 723 worth today?

Last sold for AED 400,000 in 2023

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26 Oct 2023SoldReady
AED 400,000AED 1,052 per sqft
20 Jan 2023RentedRenewal
AED 30,800/yr12 months · AED 82 per sqft
20 Jan 2022RentedNew contract
AED 28,000/yr12 months · AED 74 per sqft
27 Sep 2020RentedNew contract
AED 23,000/yr12 months · AED 61 per sqft
8 Oct 2017Sold by developerOff-plan
AED 541,708AED 1,425 per sqft

Source: Dubai Land Department. Updated 26 October 2023.

Key facts

Type
Studio apartment
Size
380 sqft
Floor
7th of 12
Parking
P2-1
Developer
Azizi Developments
Completed
2020
Service charge
AED 6,300 /yr
Last sold
AED 400K · October 2023
Building
Farishta Residence

About 723, Farishta Residence

723 is a studio of 380 sqft on the 7th floor of Farishta Residence, a 12-storey tower in Al Furjan completed in 2020 by Azizi Developments. It last sold on 26 October 2023 for AED 400,000, or AED 1,052 per sqft, in line with the AED 1,052 studios in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 20 January 2023, is AED 30,800 a year: a gross yield of 7.7% on the 2023 price, before the service charge of about AED 6,300 a year.

Sales and rents for 723 over time

Sales
Unit 723, 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, October 2017: AED 541,708 (AED 1,425 per sqft)Sold, October 2023: AED 400,000 (AED 1,052 per sqft)

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

Rents
Unit 723, each contractTypical studio in Farishta Residence
20K30K40K2020202220242026Typical 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, September 2020: AED 23,000 a yearNew contract, January 2022: AED 28,000 a yearRenewal, January 2023: AED 30,800 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 723 sits

All 135 studios →

723 last sold in October 2023 at AED 1,052 per sqft, in line with what studios in Farishta Residence were fetching at the time (AED 1,052). 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. 723's AED 30,800 is at the bottom 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 7th floor

All 282 units in Farishta Residence
Value
7011-bedAED 857K · Feb 2022
7021-bedAED 710K · May 2020
703StudioAED 435K · Jul 2023
704StudioAED 551K · May 2017
7051-bedAED 775K · Dec 2021
706StudioAED 435K · May 2024
707StudioAED 410K · Apr 2024
1–7 of 24

723, Farishta Residence in numbers

  • Sold twice: first on 8 October 2017 for AED 541,708, last on 26 October 2023 for AED 400,000 (AED 1,052 per sqft).
  • Rented since September 2020 on 3 Ejari contracts, from AED 23,000 to AED 30,800 a year.
  • At AED 30,800 a year the gross yield on the 2023 price is 7.7%, before a service charge of about AED 6,300 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 26 October 2023.

Questions about 723, Farishta Residence

What did unit 723 last sell for?

AED 400,000 on 26 October 2023: AED 1,052 per sqft for 380 sqft. The unit has 2 registered sales; the first was AED 541,708 in October 2017.

What is the rent for unit 723?

AED 30,800 a year on the contract renewed on 20 January 2023. The previous contract, from January 2022, was AED 28,000; the unit has been rented since September 2020.

How big is unit 723?

380 sqft (35.3 sqm): a studio on the 7th floor of a 12-storey tower completed in 2020.

What is unit 723 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 723, Farishta Residence

Starts from the last sale price (AED 400K, 26 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 400,000
Deposit, UAE resident (20%)
AED 80,000
Deposit, non-resident (40%)
AED 160,000
Monthly over 25 years at 3.7%
AED 1,637

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