1040, Farhad Azizi Residence
Sold prices and rental history: sold once, by the developer in February 2023, and rented once, from September 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1040, Farhad Azizi Residence
What is 1040 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 11 September 2024.
Key facts
- Type
- Studio apartment
- Size
- 383 sqft
- Parking
- P2-69
- Developer
- Azizi Developments
- Completed
- 2022
- Service charge
- AED 5,700 /yr
- Last sold
- AED 695K · February 2023
- Building
- Farhad Azizi Residence
About 1040, Farhad Azizi Residence
1040 is a studio of 383 sqft of Farhad Azizi Residence, a 17-storey tower in Al Jadaf completed in 2022 by Azizi Developments. The developer sold it on 21 February 2023 for AED 694,540, or AED 1,814 per sqft, 22% above the AED 1,491 studios in the building were fetching at the time.
One Ejari contract is registered, from 11 September 2024. The current contract, signed on 11 September 2024, is AED 60,000 a year: a gross yield of 8.6% on the 2023 price, before the service charge of about AED 5,700 a year.
Sales and rents for 1040 over time
1040 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 Farhad Azizi Residence, and where 1040 sits
All 377 studios →1040 last sold in February 2023 at AED 1,814 per sqft, 22% above what studios in Farhad Azizi Residence were fetching at the time (AED 1,491). Over the last 12 months studios sold for AED 600,000 to 913,500, around AED 1,941 per sqft, and rent for AED 44,100 to 75,000 a year. 1040's AED 60,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Feb 202617 February 2026 | 363 sqft | 700,000 | 1,928 | ||
| 5 Feb 20265 February 2026 | 350 sqft | 750,000 | 2,141 | ||
| 27 Jan 202627 January 2026 | 393 sqft | 715,000 | 1,820 | ||
| 21 Jan 202621 January 2026 | 353 sqft | 655,000 | 1,857 |
Farhad Azizi Residence
Building37 apartments, studios to 3-bed over 17 floors in Al Jadaf, completed in 2022 by Azizi Developments. 17 sold in the last 12 months.
- Typical price per sqft
- AED 1,928 Up 5.1%
- Typical sale
- AED 710K
- Typical rent
- AED 60K /yr
- Typical yield
- 7.5%
1040, Farhad Azizi Residence in numbers
- Sold once: by Azizi Developments on 21 February 2023 for AED 694,540, or AED 1,814 per sqft.
- Rented since September 2024 on one Ejari contract, at AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2023 price is 8.6%, before a service charge of about AED 5,700 a year (AED 14.89 per sqft).
- Studios in Farhad Azizi Residence sold for AED 600,000–913,500 in the 12 months to November 2026; the building's median across all types is AED 1,928 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 11 September 2024.
Questions about 1040, Farhad Azizi Residence
What did unit 1040 last sell for?
AED 694,540 on 21 February 2023, sold by the developer: AED 1,814 per sqft for 383 sqft. It is the only registered sale of the unit.
What is the rent for unit 1040?
AED 60,000 a year on the contract signed on 11 September 2024.
How big is unit 1040?
383 sqft (35.6 sqm): a studio of a 17-storey tower completed in 2022.
What is unit 1040 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Farhad Azizi Residence sold for AED 600,000 to 913,500 in the last 12 months, around AED 1,941 per sqft.
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Mortgage on 1040, Farhad Azizi Residence
Starts from the last sale price (AED 695K, 21 February 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 694,540
- Deposit, UAE resident (20%)
- AED 138,908
- Deposit, non-resident (40%)
- AED 277,816
- Monthly over 25 years at 3.7%
- AED 2,842
Plus AED 34,181 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →