505, Farah Tower 5
Sold prices and rental history: sold once, by the developer in May 2009, and rented once, from December 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Farah Tower 5
What is 505 worth today?
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Source: Dubai Land Department. Updated 1 December 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 696 sqft
- Floor
- 5th of 9
- Parking
- G-22
- Developer
- Al Mazaya Real Estate
- Completed
- 2015
- Last sold
- AED 215K · May 2009
- Building
- Farah Tower 5
About 505, Farah Tower 5
505 is a one-bedroom apartment of 696 sqft on the 5th floor of Farah Tower 5, a 9-storey tower in Liwan completed in 2015 by Al Mazaya Real Estate. The developer sold it on 25 May 2009 for AED 215,258, or AED 309 per sqft, in line with the AED 312 one-beds in the building were fetching at the time.
One Ejari contract is registered, from 1 December 2022. The current contract, signed on 1 December 2022, is AED 29,000 a year: a gross yield of 13.5% on the 2009 price.
Sales and rents for 505 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 505 sits
All 38 1-beds →505 last sold in May 2009 at AED 309 per sqft, in line with what one-beds in Farah Tower 5 were fetching at the time (AED 312). 505's AED 29,000 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 | ||
| 24 Mar 202024 March 2020 | 664 sqft | 360,000 | 542 |
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 | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 664 sqft | AED 360KAED 360,000 · Mar 2020March 2020 | 26,000 /yr | |
| 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 | ||
| 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 |
505, Farah Tower 5 in numbers
- Sold once: by Al Mazaya Real Estate on 25 May 2009 for AED 215,258, or AED 309 per sqft.
- Rented since December 2022 on one Ejari contract, at AED 29,000 a year.
- At AED 29,000 a year the gross yield on the 2009 price is 13.5%.
Source: Dubai Land Department. Updated 1 December 2022.
Questions about 505, Farah Tower 5
What did unit 505 last sell for?
AED 215,258 on 25 May 2009, sold by the developer: AED 309 per sqft for 696 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 29,000 a year on the contract signed on 1 December 2022.
How big is unit 505?
696 sqft (64.7 sqm): a one-bedroom apartment on the 5th floor of a 9-storey tower completed in 2015.
What is unit 505 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 505, Farah Tower 5
Starts from the last sale price (AED 215K, 25 May 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 215,258
- Deposit, UAE resident (20%)
- AED 43,052
- Deposit, non-resident (40%)
- AED 86,103
- Monthly over 25 years at 3.7%
- AED 881
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →