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1-bed · 735 sqftFarhad Azizi Residence, Al Jadaf · completed 2022

228, Farhad Azizi Residence

Sold prices and rental history: sold once, by the developer in June 2022, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 228 · DLD and Ejari recordsUpdated 25 July 2024
Last soldAED 861K20 June 2022
Current rentAED 65K /yr25 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 228, Farhad Azizi Residence

What is 228 worth today?

Last sold for AED 861,120 in 2022

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25 Jul 2024RentedRenewal
AED 65,000/yr12 months · AED 88 per sqft
25 Jul 2023RentedNew contract
AED 65,000/yr12 months · AED 88 per sqft
20 Jun 2022Sold by developerOff-plan
AED 861,120AED 1,171 per sqft

Source: Dubai Land Department. Updated 25 July 2024.

Key facts

Type
1-bed apartment
Size
735 sqft
Parking
P1-55
Developer
Azizi Developments
Completed
2022
Service charge
AED 10,900 /yr
Last sold
AED 861K · June 2022
Building
Farhad Azizi Residence

About 228, Farhad Azizi Residence

228 is a one-bedroom apartment of 735 sqft of Farhad Azizi Residence, a 17-storey tower in Al Jadaf completed in 2022 by Azizi Developments. The developer sold it on 20 June 2022 for AED 861,120, or AED 1,171 per sqft, in line with the AED 1,205 one-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 25 July 2024, is AED 65,000 a year: a gross yield of 7.5% on the 2022 price, before the service charge of about AED 10,900 a year.

Sales and rents for 228 over time

Sales
Unit 228, 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 861,120 (AED 1,171 per sqft)

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

Rents
Unit 228, 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, July 2023: AED 65,000 a yearRenewal, July 2024: AED 65,000 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 228 sits

All 215 1-beds →

228 last sold in June 2022 at AED 1,171 per sqft, in line with what one-beds in Farhad Azizi Residence were fetching at the time (AED 1,205). 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. 228's AED 65,000 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 →

228, Farhad Azizi Residence in numbers

  • Sold once: by Azizi Developments on 20 June 2022 for AED 861,120, or AED 1,171 per sqft.
  • Rented since July 2023 on 2 Ejari contracts, at AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2022 price is 7.5%, before a service charge of about AED 10,900 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 25 July 2024.

Questions about 228, Farhad Azizi Residence

What did unit 228 last sell for?

AED 861,120 on 20 June 2022, sold by the developer: AED 1,171 per sqft for 735 sqft. It is the only registered sale of the unit.

What is the rent for unit 228?

AED 65,000 a year on the contract renewed on 25 July 2024. The previous contract, from July 2023, was AED 65,000.

How big is unit 228?

735 sqft (68.3 sqm): a one-bedroom apartment of a 17-storey tower completed in 2022.

What is unit 228 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 228, Farhad Azizi Residence

Starts from the last sale price (AED 861K, 20 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 861,120
Deposit, UAE resident (20%)
AED 172,224
Deposit, non-resident (40%)
AED 344,448
Monthly over 25 years at 3.7%
AED 3,523

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