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1-bed · 1,073 sqftFarhad Azizi Residence, Al Jadaf · completed 2022

118, Farhad Azizi Residence

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

Unit 118 · DLD and Ejari recordsUpdated 14 March 2024
Last soldAED 1.07M14 March 2024
Current rentAED 86K /yr27 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 118, Farhad Azizi Residence

What is 118 worth today?

Last sold for AED 1,070,000 in 2024

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14 Mar 2024SoldReady
AED 1,070,000AED 997 per sqft
27 Oct 2023RentedNew contract
AED 86,000/yr12 months · AED 80 per sqft
20 Oct 2022RentedNew contract
AED 70,000/yr12 months · AED 65 per sqft
16 Jun 2022Sold by developerOff-plan
AED 956,340AED 891 per sqft

Source: Dubai Land Department. Updated 14 March 2024.

Key facts

Type
1-bed apartment
Size
1,073 sqft
Parking
P1-41
Developer
Azizi Developments
Completed
2022
Service charge
AED 16,000 /yr
Last sold
AED 1.07M · March 2024
Building
Farhad Azizi Residence

About 118, Farhad Azizi Residence

118 is a one-bedroom apartment of 1,073 sqft of Farhad Azizi Residence, a 17-storey tower in Al Jadaf completed in 2022 by Azizi Developments. It last sold on 14 March 2024 for AED 1,070,000, or AED 997 per sqft, 36% below the AED 1,563 one-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 27 October 2023, is AED 86,000 a year: a gross yield of 8.0% on the 2024 price, before the service charge of about AED 16,000 a year.

Sales and rents for 118 over time

Sales
Unit 118, each saleTypical one-bed in Farhad Azizi Residence
800K1M1.2M2017202020232026Typical 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, June 2022: AED 956,340 (AED 891 per sqft)Sold, March 2024: AED 1,070,000 (AED 997 per sqft)

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

Rents
Unit 118, each contractTypical one-bed in Farhad Azizi Residence
70K80K202220242026Typical rent by year: 2022 AED 67,000; 2023 AED 70,000; 2024 AED 77,000; 2025 AED 80,000; 2026 AED 77,250New contract, October 2022: AED 70,000 a yearNew contract, October 2023: AED 86,000 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 118 sits

All 215 1-beds →

118 last sold in March 2024 at AED 997 per sqft, 36% below what one-beds in Farhad Azizi Residence were fetching at the time (AED 1,563). 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. 118's AED 86,000 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 →

118, Farhad Azizi Residence in numbers

  • Sold twice: first on 16 June 2022 for AED 956,340, last on 14 March 2024 for AED 1,070,000 (AED 997 per sqft).
  • Rented since October 2022 on 2 Ejari contracts, from AED 70,000 to AED 86,000 a year.
  • At AED 86,000 a year the gross yield on the 2024 price is 8.0%, before a service charge of about AED 16,000 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 14 March 2024.

Questions about 118, Farhad Azizi Residence

What did unit 118 last sell for?

AED 1,070,000 on 14 March 2024: AED 997 per sqft for 1,073 sqft. The unit has 2 registered sales; the first was AED 956,340 in June 2022.

What is the rent for unit 118?

AED 86,000 a year on the contract signed on 27 October 2023. The previous contract, from October 2022, was AED 70,000.

How big is unit 118?

1,073 sqft (99.7 sqm): a one-bedroom apartment of a 17-storey tower completed in 2022.

What is unit 118 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 118, Farhad Azizi Residence

Starts from the last sale price (AED 1.07M, 14 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,070,000
Deposit, UAE resident (20%)
AED 214,000
Deposit, non-resident (40%)
AED 428,000
Monthly over 25 years at 3.7%
AED 4,378

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