Rented 1BR in Azizi Pearl, Al Furjan Near Metro Below Market

Property Overview

This 1-bedroom apartment in Azizi Pearl, Al Furjan, is offered at AED 785,000. The agent states a built-up area of 540 sq ft, which works out to about AED 1,454 per sq ft. The agent describes the price as below market value. The unit is rented until February 2027 and is within walking distance of the metro.

Property Highlights

• Property type: Apartment
• Bedrooms: 1
• Built-up area: 540 sq ft (agent-stated)
• Asking price: AED 785,000
• Calculated rate: about AED 1,454 per sq ft
• Tenancy: rented until February 2027 (agent-stated)
• Location: walking distance to the metro (agent-stated)
• Deal basis: below market value (agent-stated)

Why the Price Is Listed as Below Market

The agent lists this apartment as below market value. The brief does not include an original purchase price, a DLD transaction or dated comparable sales, so DPF has not calculated a discount percentage. The only figure DPF has calculated is the rate per square foot: AED 785,000 divided by 540 sq ft is about AED 1,454. Buyers should compare this with recent registered 1-bedroom sales in Azizi Pearl and nearby Al Furjan buildings.

Tenancy

The agent says the apartment is rented until February 2027. That suits a buyer who wants rental income from day one. It does not suit a buyer who needs to move in sooner. The brief does not give the rent amount, so DPF has not calculated a yield. Before signing, buyers should ask for the tenancy contract and Ejari to confirm:

• the rent
• the cheque schedule
• the expiry date
• any renewal or notice terms

About the Building, Developer and Community

Azizi Pearl is an Azizi Developments residential building in Al Furjan. Al Furjan is a mixed community between Sheikh Zayed Road and Sheikh Mohammed Bin Zayed Road, with townhouses, villas and low-rise apartment buildings. It is served by the Al Furjan Metro Station on the Route 2020 extension of the Red Line.

Layout

The agent states a 540 sq ft 1-bedroom layout. The floor, view, bathroom count, parking and furnishing were not supplied. Buyers should confirm these from the title deed, the floor plan and a viewing, with the tenant's agreement.

Transfer

Before signing, buyers should confirm the following:

• any outstanding service charges
• how the tenancy and security deposit will be transferred
• Azizi's NOC requirements

Buyers should also budget for the DLD transfer fee and agency costs.

Location and Connectivity

Al Furjan has road access via Sheikh Zayed Road and Sheikh Mohammed Bin Zayed Road, with links towards Jebel Ali, Dubai Marina and Expo City Dubai. The metro station serves the community. Walking time to it depends on the building's position.

Verification Notes

• Agent-supplied facts: 1 bedroom, 540 sq ft BUA, AED 785,000 asking price, below market value, rented until February 2027 and walking distance to metro.
• DPF-calculated figure: about AED 1,454 per sq ft.
• External context: developer and general Al Furjan community facts.
• Not verified: the below-market claim, rent amount, tenancy terms, floor, bathrooms and parking.