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Studio · 392 sqftFarishta Residence, Al Furjan · 3rd floor · completed 2020

306, Farishta Residence

Sold prices and rental history: sold twice, last in February 2023, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 306 · DLD and Ejari recordsUpdated 5 February 2024
Last soldAED 390K16 February 2023
Current rentAED 44K /yr5 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 306, Farishta Residence

What is 306 worth today?

Last sold for AED 390,000 in 2023

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5 Feb 2024RentedNew contract
AED 44,000/yr12 months · AED 114 per sqft
16 Feb 2023SoldReady
AED 390,000AED 994 per sqft
26 Dec 2022RentedNew contract
AED 36,000/yr12 months · AED 92 per sqft
4 Aug 2020RentedNew contract
AED 26,000/yr12 months · AED 67 per sqft
5 Nov 2017Sold by developerOff-plan
AED 495,000AED 1,261 per sqft

Source: Dubai Land Department. Updated 5 February 2024.

Key facts

Type
Studio apartment
Size
392 sqft
Floor
3rd of 12
Parking
B-62
Developer
Azizi Developments
Completed
2020
Service charge
AED 6,500 /yr
Last sold
AED 390K · February 2023
Building
Farishta Residence

About 306, Farishta Residence

306 is a studio of 392 sqft on the 3rd floor of Farishta Residence, a 12-storey tower in Al Furjan completed in 2020 by Azizi Developments. It last sold on 16 February 2023 for AED 390,000, or AED 994 per sqft, in line with the AED 1,012 studios in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 5 February 2024, is AED 44,000 a year: a gross yield of 11.3% on the 2023 price, before the service charge of about AED 6,500 a year.

Sales and rents for 306 over time

Sales
Unit 306, each saleTypical studio in Farishta Residence
400K500K2017202020232026Typical sale price by year: 2017 AED 514,494; 2018 AED 522,741; 2019 AED 464,682; 2020 AED 445,918; 2021 AED 448,760; 2022 AED 398,826; 2023 AED 405,000; 2024 AED 437,250; 2025 AED 480,000; 2026 AED 500,000Sold by developer, November 2017: AED 495,000 (AED 1,261 per sqft)Sold, February 2023: AED 390,000 (AED 994 per sqft)

306 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 306, each contractTypical studio in Farishta Residence
30K40K2020202220242026Typical rent by year: 2020 AED 24,000; 2021 AED 24,000; 2022 AED 30,000; 2023 AED 35,700; 2024 AED 42,000; 2025 AED 45,000; 2026 AED 46,000New contract, August 2020: AED 26,000 a yearNew contract, December 2022: AED 36,000 a yearNew contract, February 2024: AED 44,000 a year

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

Studios in Farishta Residence, and where 306 sits

All 130 studios →

306 last sold in February 2023 at AED 994 per sqft, in line with what studios in Farishta Residence were fetching at the time (AED 1,012). Over the last 12 months studios sold for AED 490,000 to 520,000, around AED 1,291 per sqft, and rent for AED 34,728 to 74,400 a year. 306's AED 44,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
17 Feb 2026520,000
22 Jan 2026500,000
13 Jan 2026490,000
2 Jun 2025540,000
4 studio sales in the last 12 months

Farishta Residence

Building

279 apartments, studios to 2-bed over 12 floors in Al Furjan, completed in 2020 by Azizi Developments. 9 sold in the last 12 months.

Typical price per sqft
AED 1,103
Typical sale
AED 791K
Typical rent
AED 55K /yr
Typical yield
9.6%
Farishta Residence, Al Furjan: prices, sales and rents →

Other units on the 3rd floor

All 279 units in Farishta Residence
Value
3011-bedAED 809K · Apr 2020
3021-bedAED 1.01M · Feb 2018
303AED 490K · Nov 2025
304StudioAED 500K · Dec 2016
3051-bedAED 810K · Apr 2025
307StudioAED 450K · Apr 2022
3081-bedAED 788K · Mar 2022
1–7 of 23

306, Farishta Residence in numbers

  • Sold twice: first on 5 November 2017 for AED 495,000, last on 16 February 2023 for AED 390,000 (AED 994 per sqft).
  • Rented since August 2020 on 3 Ejari contracts, from AED 26,000 to AED 44,000 a year.
  • At AED 44,000 a year the gross yield on the 2023 price is 11.3%, before a service charge of about AED 6,500 a year (AED 16.56 per sqft).
  • Studios in Farishta Residence sold for AED 490,000–520,000 in the 12 months to November 2026; the building's median across all types is AED 1,103 per sqft.

Source: Dubai Land Department. Updated 5 February 2024.

Questions about 306, Farishta Residence

What did unit 306 last sell for?

AED 390,000 on 16 February 2023: AED 994 per sqft for 392 sqft. The unit has 2 registered sales; the first was AED 495,000 in November 2017.

What is the rent for unit 306?

AED 44,000 a year on the contract signed on 5 February 2024. The previous contract, from December 2022, was AED 36,000; the unit has been rented since August 2020.

How big is unit 306?

392 sqft (36.4 sqm): a studio on the 3rd floor of a 12-storey tower completed in 2020.

What is unit 306 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Farishta Residence sold for AED 490,000 to 520,000 in the last 12 months, around AED 1,291 per sqft.

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Mortgage on 306, Farishta Residence

Starts from the last sale price (AED 390K, 16 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 390,000
Deposit, UAE resident (20%)
AED 78,000
Deposit, non-resident (40%)
AED 156,000
Monthly over 25 years at 3.7%
AED 1,596

Plus AED 19,290 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →