508, Farhad Azizi Residence
Sold prices and rental history: sold once, by the developer in June 2022, and rented once, from May 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Farhad Azizi Residence
What is 508 worth today?
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Source: Dubai Land Department. Updated 25 May 2023.
Key facts
- Type
- Studio apartment
- Size
- 380 sqft
- Parking
- B-94
- Developer
- Azizi Developments
- Completed
- 2022
- Service charge
- AED 5,700 /yr
- Last sold
- AED 503K · June 2022
- Building
- Farhad Azizi Residence
About 508, Farhad Azizi Residence
508 is a studio of 380 sqft of Farhad Azizi Residence, a 17-storey tower in Al Jadaf completed in 2022 by Azizi Developments. The developer sold it on 30 June 2022 for AED 502,810, or AED 1,321 per sqft, 11% below the AED 1,492 studios in the building were fetching at the time.
One Ejari contract is registered, from 25 May 2023. The current contract, signed on 25 May 2023, is AED 52,000 a year: a gross yield of 10.3% on the 2022 price, before the service charge of about AED 5,700 a year.
Sales and rents for 508 over time
508 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 508 sits
All 377 studios →508 last sold in June 2022 at AED 1,321 per sqft, 11% below what studios in Farhad Azizi Residence were fetching at the time (AED 1,492). 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. 508's AED 52,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Feb 202617 February 2026 | 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%
508, Farhad Azizi Residence in numbers
- Sold once: by Azizi Developments on 30 June 2022 for AED 502,810, or AED 1,321 per sqft.
- Rented since May 2023 on one Ejari contract, at AED 52,000 a year.
- At AED 52,000 a year the gross yield on the 2022 price is 10.3%, 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: Dubai Land Department. Updated 25 May 2023.
Questions about 508, Farhad Azizi Residence
What did unit 508 last sell for?
AED 502,810 on 30 June 2022, sold by the developer: AED 1,321 per sqft for 380 sqft. It is the only registered sale of the unit.
What is the rent for unit 508?
AED 52,000 a year on the contract signed on 25 May 2023.
How big is unit 508?
380 sqft (35.3 sqm): a studio of a 17-storey tower completed in 2022.
What is unit 508 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 508, Farhad Azizi Residence
Starts from the last sale price (AED 503K, 30 June 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 502,810
- Deposit, UAE resident (20%)
- AED 100,562
- Deposit, non-resident (40%)
- AED 201,124
- Monthly over 25 years at 3.7%
- AED 2,057
Plus AED 26,128 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →