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1-bed · 578 sqftFarhad Azizi Residence, Al Jadaf · completed 2022

1116, Farhad Azizi Residence

Sold prices and rental history: sold twice, last in May 2024, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1116 · DLD and Ejari recordsUpdated 16 May 2024
Last soldAED 1.25M16 May 2024
Current rentAED 80K /yr1 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1116, Farhad Azizi Residence

What is 1116 worth today?

Last sold for AED 1,250,000 in 2024

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16 May 2024SoldReady
AED 1,250,000AED 2,163 per sqft
1 Apr 2023RentedNew contract
AED 80,000/yr12 months · AED 138 per sqft
6 Jan 2023RentedNew contract
AED 100,000/yr12 months · AED 172 per sqft
24 Aug 2022Sold by developerReady
AED 698,650AED 1,209 per sqft

Source: Dubai Land Department. Updated 16 May 2024.

Key facts

Type
1-bed apartment
Size
578 sqft
Parking
P1-168
Developer
Azizi Developments
Completed
2022
Service charge
AED 8,600 /yr
Last sold
AED 1.25M · May 2024
Building
Farhad Azizi Residence

About 1116, Farhad Azizi Residence

1116 is a one-bedroom apartment of 578 sqft of Farhad Azizi Residence, a 17-storey tower in Al Jadaf completed in 2022 by Azizi Developments. It last sold on 16 May 2024 for AED 1,250,000, or AED 2,163 per sqft, 36% above the AED 1,589 one-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 1 April 2023, is AED 80,000 a year: a gross yield of 6.4% on the 2024 price, before the service charge of about AED 8,600 a year.

Sales and rents for 1116 over time

Sales
Unit 1116, each saleTypical one-bed in Farhad Azizi Residence
750K1M1.25M2017202020232026Typical sale price by year: 2017 AED 1,097,502; 2018 AED 1,045,780; 2019 AED 1,045,429; 2020 AED 824,160; 2021 AED 825,215; 2022 AED 897,050; 2023 AED 1,075,000; 2024 AED 1,200,000; 2025 AED 1,245,000; 2026 AED 1,200,000Sold by developer, August 2022: AED 698,650 (AED 1,209 per sqft)Sold, May 2024: AED 1,250,000 (AED 2,163 per sqft)

1116 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1116, each contractTypical one-bed in Farhad Azizi Residence
80K100K202220242026Typical rent by year: 2022 AED 67,000; 2023 AED 70,000; 2024 AED 77,000; 2025 AED 80,000; 2026 AED 77,250New contract, January 2023: AED 100,000 a yearNew contract, April 2023: AED 80,000 a year

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

1-beds in Farhad Azizi Residence, and where 1116 sits

All 215 1-beds →

1116 last sold in May 2024 at AED 2,163 per sqft, 36% above what one-beds in Farhad Azizi Residence were fetching at the time (AED 1,589). Over the last 12 months one-beds sold for AED 967,088 to 1,450,000, around AED 1,644 per sqft, and rent for AED 60,000 to 120,000 a year. 1116's AED 80,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
14 Sep 20261,400,000
15 Aug 20261,219,819
10 Aug 20261,150,000
9 Jul 20261,450,000
16 1-bed sales in the last 12 months

Farhad Azizi Residence

Building

89 apartments, studios to 3-bed over 17 floors in Al Jadaf, completed in 2022 by Azizi Developments. 49 sold in the last 12 months.

Typical price per sqft
AED 1,897 Up 4.2%
Typical sale
AED 811K
Typical rent
AED 60K /yr
Typical yield
7.1%
Farhad Azizi Residence, Al Jadaf: prices, sales and rents →

1116, Farhad Azizi Residence in numbers

  • Sold twice: first on 24 August 2022 for AED 698,650, last on 16 May 2024 for AED 1,250,000 (AED 2,163 per sqft).
  • Rented since January 2023 on 2 Ejari contracts, from AED 100,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2024 price is 6.4%, before a service charge of about AED 8,600 a year (AED 14.89 per sqft).
  • One-beds in Farhad Azizi Residence sold for AED 967,088–1,450,000 in the 12 months to November 2026; the building's median across all types is AED 1,897 per sqft.

Source: Dubai Land Department. Updated 16 May 2024.

Questions about 1116, Farhad Azizi Residence

What did unit 1116 last sell for?

AED 1,250,000 on 16 May 2024: AED 2,163 per sqft for 578 sqft. The unit has 2 registered sales; the first was AED 698,650 in August 2022.

What is the rent for unit 1116?

AED 80,000 a year on the contract signed on 1 April 2023. The previous contract, from January 2023, was AED 100,000.

How big is unit 1116?

578 sqft (53.7 sqm): a one-bedroom apartment of a 17-storey tower completed in 2022.

What is unit 1116 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Farhad Azizi Residence sold for AED 967,088 to 1,450,000 in the last 12 months, around AED 1,644 per sqft.

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Mortgage on 1116, Farhad Azizi Residence

Starts from the last sale price (AED 1.25M, 16 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,250,000
Deposit, UAE resident (20%)
AED 250,000
Deposit, non-resident (40%)
AED 500,000
Monthly over 25 years at 3.7%
AED 5,114

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