506, Farishta Residence
Sold prices and rental history: sold once, by the developer in October 2019, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Farishta Residence
What is 506 worth today?
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Source: Dubai Land Department. Updated 3 August 2025.
Key facts
- Type
- Studio apartment
- Size
- 392 sqft
- Floor
- 5th of 12
- Parking
- P1-14
- Developer
- Azizi Developments
- Completed
- 2020
- Service charge
- AED 6,500 /yr
- Last sold
- AED 438K · October 2019
- Building
- Farishta Residence
About 506, Farishta Residence
506 is a studio of 392 sqft on the 5th floor of Farishta Residence, a 12-storey tower in Al Furjan completed in 2020 by Azizi Developments. The developer sold it on 2 October 2019 for AED 437,925, or AED 1,116 per sqft, 6% below the AED 1,184 studios in the building were fetching at the time.
It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 3 August 2025, is AED 44,000 a year: a gross yield of 10.1% on the 2019 price, before the service charge of about AED 6,500 a year.
Sales and rents for 506 over time
506 has sold once; the dashed line is the studio median of each year in the building.
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 506 sits
All 130 studios →506 last sold in October 2019 at AED 1,116 per sqft, 6% below what studios in Farishta Residence were fetching at the time (AED 1,184). 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. 506's AED 44,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Feb 202617 February 2026 | 380 sqft | 520,000 | 1,368 | ||
| 22 Jan 202622 January 2026 | 413 sqft | 500,000 | 1,209 | ||
| 13 Jan 202613 January 2026 | 380 sqft | 490,000 | 1,289 | ||
| 2 Jun 20252 June 2025 | 380 sqft | 540,000 | 1,420 |
Farishta Residence
Building279 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%
Other units on the 5th floor
All 279 units in Farishta Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 798 sqft | AED 825KAED 825,000 · Sep 2025September 2025 | 66,000 /yr | ||
| 502 | 1-bed | 835 sqft | AED 625KAED 624,890 · Jan 2021January 2021 | 57,750 /yr | |
| 503 | Studio | 384 sqft | AED 493KAED 493,224 · Dec 2017December 2017 | 36,000 /yr | |
| 504 | Studio | 398 sqft | AED 519KAED 519,000 · Feb 2017February 2017 | 48,000 /yr | |
| 505 | 1-bed | 849 sqft | AED 1.02MAED 1,015,000 · Sep 2020September 2020 | 110,000 /yr | |
| 507 | Studio | 398 sqft | AED 517KAED 517,000 · Feb 2017February 2017 | 45,000 /yr | |
| 508 | 1-bed | 899 sqft | AED 685KAED 685,000 · Jul 2023July 2023 | 72,000 /yr | |
| 509 | Studio | 378 sqft | AED 494KAED 494,080 · Sep 2017September 2017 | 38,000 /yr | |
| 510 | Studio | 380 sqft | AED 440KAED 440,000 · May 2024May 2024 | 48,000 /yr | |
| 511 | 1-bed | 832 sqft | AED 1.03MAED 1,032,000 · Jan 2018January 2018 | 54,000 /yr | |
| 512 | 1-bed | 769 sqft | AED 989KAED 989,000 · Oct 2017October 2017 | 63,000 /yr | |
| 513 | 1-bed | 754 sqft | AED 950KAED 950,000 · Oct 2017October 2017 | 47,250 /yr | |
| 514 | 1-bed | 612 sqft | AED 545KAED 544,600 · May 2023May 2023 | 52,500 /yr | |
| 515 | Studio | 377 sqft | AED 500KAED 500,189 · Mar 2017March 2017 | 66,000 /yr | |
| 516 | Studio | 396 sqft | AED 450KAED 450,000 · Apr 2023April 2023 | 48,000 /yr | |
| 517 | 1-bed | 820 sqft | AED 820KAED 820,000 · Oct 2020October 2020 | 66,000 /yr | |
| 518 | Studio | 376 sqft | AED 503KAED 502,724 · Feb 2018February 2018 | 38,000 /yr | |
| 519 | Studio | 379 sqft | AED 450KAED 450,000 · Sep 2023September 2023 | 46,000 /yr | |
| 520 | 1-bed | 881 sqft | AED 827KAED 826,500 · Apr 2023April 2023 | 61,000 /yr | |
| 521 | Studio | 379 sqft | AED 535KAED 535,000 · Dec 2017December 2017 | 41,000 /yr | |
| 522 | Studio | 381 sqft | AED 390KAED 390,000 · May 2023May 2023 | 45,000 /yr | |
| 523 | Studio | 380 sqft | AED 490KAED 490,000 · Jan 2026January 2026 | 69,000 /yr | |
| 524 | 1-bed | 790 sqft | AED 621KAED 620,500 · Feb 2021February 2021 | ||
| 525 | 2-bed | 1,227 sqft | AED 1.18MAED 1,175,000 · Feb 2025February 2025 | 115,000 /yr |
506, Farishta Residence in numbers
- Sold once: by Azizi Developments on 2 October 2019 for AED 437,925, or AED 1,116 per sqft.
- Rented since June 2021 on 2 Ejari contracts, from AED 22,000 to AED 44,000 a year.
- At AED 44,000 a year the gross yield on the 2019 price is 10.1%, 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 3 August 2025.
Questions about 506, Farishta Residence
What did unit 506 last sell for?
AED 437,925 on 2 October 2019, sold by the developer: AED 1,116 per sqft for 392 sqft. It is the only registered sale of the unit.
What is the rent for unit 506?
AED 44,000 a year on the contract signed on 3 August 2025. The previous contract, from June 2021, was AED 22,000.
How big is unit 506?
392 sqft (36.4 sqm): a studio on the 5th floor of a 12-storey tower completed in 2020.
What is unit 506 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 506, Farishta Residence
Starts from the last sale price (AED 438K, 2 October 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 437,925
- Deposit, UAE resident (20%)
- AED 87,585
- Deposit, non-resident (40%)
- AED 175,170
- Monthly over 25 years at 3.7%
- AED 1,792
Plus AED 21,303 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →