501, Farah Tower 5
Sold prices and rental history: sold twice, last in March 2020, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 501, Farah Tower 5
What is 501 worth today?
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Source: Dubai Land Department. Updated 1 January 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 664 sqft
- Floor
- 5th of 9
- Parking
- G-36
- Developer
- Al Mazaya Real Estate
- Completed
- 2015
- Last sold
- AED 360K · March 2020
- Building
- Farah Tower 5
About 501, Farah Tower 5
501 is a one-bedroom apartment of 664 sqft on the 5th floor of Farah Tower 5, a 9-storey tower in Liwan completed in 2015 by Al Mazaya Real Estate. It last sold on 24 March 2020 for AED 360,000, or AED 542 per sqft.
It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 1 January 2022, is AED 26,000 a year: a gross yield of 7.2% on the 2020 price.
Sales and rents for 501 over time
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Farah Tower 5, and where 501 sits
All 38 1-beds →501's AED 26,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Jul 202423 July 2024 | 696 sqft | 400,000 | 574 | ||
| 11 Jan 202411 January 2024 | 664 sqft | 350,000 | 527 | ||
| 30 May 202230 May 2022 | 696 sqft | 315,800 | 453 | ||
| 3 Jul 20193 July 2019 | 664 sqft | 300,000 | 451 |
Farah Tower 5
Building84 apartments, 1-bed to 2-bed over 9 floors in Liwan, completed in 2015 by Al Mazaya Real Estate. No sale in the last 12 months.
- Typical price per sqft
- Few sales
- Typical sale
- Few sales
- Typical rent
- AED 53K /yr
- Typical yield
Other units on the 5th floor
All 84 units in Farah Tower 5| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | 1-bed | 722 sqft | No registered sale | ||
| 503 | 2-bed | 1,060 sqft | No registered sale | ||
| 504 | 2-bed | 1,076 sqft | No registered sale | ||
| 505 | 1-bed | 696 sqft | AED 215KAED 215,258 · May 2009May 2009 | 29,000 /yr | |
| 506 | 2-bed | 1,317 sqft | No registered sale | ||
| 508 | 2-bed | 1,121 sqft | No registered sale | ||
| 509 | 2-bed | 1,121 sqft | No registered sale | ||
| 510 | 1-bed | 727 sqft | No registered sale | ||
| 511 | 1-bed | 682 sqft | No registered sale |
501, Farah Tower 5 in numbers
- Sold twice: first on 25 May 2009 for AED 208,025, last on 24 March 2020 for AED 360,000 (AED 542 per sqft).
- Rented since September 2020 on 4 Ejari contracts, from AED 26,500 to AED 26,000 a year.
- At AED 26,000 a year the gross yield on the 2020 price is 7.2%.
Source: Dubai Land Department. Updated 1 January 2022.
Questions about 501, Farah Tower 5
What did unit 501 last sell for?
AED 360,000 on 24 March 2020: AED 542 per sqft for 664 sqft. The unit has 2 registered sales; the first was AED 208,025 in May 2009.
What is the rent for unit 501?
AED 26,000 a year on the contract renewed on 1 January 2022. The previous contract, from January 2021, was AED 26,000; the unit has been rented since September 2020.
How big is unit 501?
664 sqft (61.7 sqm): a one-bedroom apartment on the 5th floor of a 9-storey tower completed in 2015.
What is unit 501 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 501, Farah Tower 5
Starts from the last sale price (AED 360K, 24 March 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 360,000
- Deposit, UAE resident (20%)
- AED 72,000
- Deposit, non-resident (40%)
- AED 144,000
- Monthly over 25 years at 3.7%
- AED 1,473
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →