2-bed · 1,185 sqftAl Fahad Tower 2, Barsha Heights · 17th floor · completed 2016

1706, Al Fahad Tower 2

Sold prices and rental history: sold twice, last in December 2020, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1706 · DLD and Ejari recordsUpdated 1 February 2022
Last soldAED 700K22 December 2020
Current rentAED 70K /yr1 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1706, Al Fahad Tower 2

What is 1706 worth today?

Last sold for AED 700,000 in 2020

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1 Feb 2022RentedNew contract
AED 70,000/yr13 months · AED 59 per sqft
22 Dec 2020SoldReady
AED 700,000AED 590 per sqft
1 Dec 2020RentedNew contract
AED 65,000/yr12 months · AED 55 per sqft
1 Dec 2019RentedNew contract
AED 75,000/yr12 months · AED 63 per sqft
12 Dec 2017RentedNew contract
AED 120,000/yr12 months · AED 101 per sqft
7 Nov 2017Sold by developerReady
AED 1,232,880AED 1,040 per sqft

Source: Dubai Land Department. Updated 1 February 2022.

Key facts

Type
2-bed apartment
Size
1,185 sqft
Floor
17th of 24
Parking
B1-061
Developer
Alfahad Holding Real Estates Inviestments
Completed
2016
Service charge
AED 22,000 /yr
Last sold
AED 700K · December 2020

About 1706, Al Fahad Tower 2

1706 is a two-bedroom apartment of 1,185 sqft on the 17th floor of Al Fahad Tower 2, a 24-storey tower in Barsha Heights completed in 2016 by Alfahad Holding Real Estates Inviestments. It last sold on 22 December 2020 for AED 700,000, or AED 590 per sqft, in line with the AED 590 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 1 February 2022, is AED 70,000 a year: a gross yield of 10.0% on the 2020 price, before the service charge of about AED 22,000 a year.

Sales and rents for 1706 over time

Sales
Unit 1706, each saleTypical two-bed in Al Fahad Tower 2
1M1.5M2014201820222026Typical sale price by year: 2014 AED 1,526,975; 2015 AED 1,638,571; 2016 AED 1,664,388; 2017 AED 1,411,315; 2018 AED 1,123,154; 2019 AED 1,260,530; 2020 AED 775,000; 2021 AED 1,050,000; 2022 AED 850,000; 2023 AED 923,926; 2024 AED 1,040,000; 2025 AED 1,200,000; 2026 AED 1,220,000Sold by developer, November 2017: AED 1,232,880 (AED 1,040 per sqft)Sold, December 2020: AED 700,000 (AED 590 per sqft)

1706 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1706, each contractTypical two-bed in Al Fahad Tower 2
50K100K2017202020232026Typical rent by year: 2017 AED 95,000; 2018 AED 87,000; 2019 AED 79,000; 2020 AED 65,000; 2021 AED 60,000; 2022 AED 70,000; 2023 AED 85,000; 2024 AED 96,000; 2025 AED 112,500; 2026 AED 114,000New contract, December 2017: AED 120,000 a yearNew contract, December 2019: AED 75,000 a yearNew contract, December 2020: AED 65,000 a yearNew contract, February 2022: AED 70,000 a year

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

2-beds in Al Fahad Tower 2, and where 1706 sits

All 138 2-beds →

1706 last sold in December 2020 at AED 590 per sqft, in line with what two-beds in Al Fahad Tower 2 were fetching at the time (AED 590). Over the last 12 months two-beds sold for AED 1,100,000 to 1,664,616, around AED 946 per sqft, and rent for AED 79,086 to 256,250 a year. 1706's AED 70,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
3 Nov 20261,350,000
2 Nov 20261,200,000
20 Oct 20261,220,000
26 Aug 20261,664,616
9 2-bed sales in the last 12 months

Al Fahad Tower 2

Building

224 apartments, 1-bed to 3-bed over 24 floors in Barsha Heights, completed in 2016 by Alfahad Holding Real Estates Inviestments. 11 sold in the last 12 months.

Typical price per sqft
AED 946 Up 8.0%
Typical sale
AED 1.22M
Typical rent
AED 110K /yr
Typical yield
9.1%
Al Fahad Tower 2, Barsha Heights: prices, sales and rents →

Other units on the 17th floor

All 224 units in Al Fahad Tower 2
Value
17012-bedAED 1.49M · May 2017
17021-bedAED 1.36M · Oct 2014
17031-bedAED 800K · Dec 2023
17043-bedAED 2.4M · Nov 2017
17052-bedAED 1.26M · Jun 2019
17072-bedAED 810K · Dec 2019
17082-bedAED 1.15M · Mar 2024
1–7 of 9

1706, Al Fahad Tower 2 in numbers

  • Sold twice: first on 7 November 2017 for AED 1,232,880, last on 22 December 2020 for AED 700,000 (AED 590 per sqft).
  • Rented since December 2017 on 4 Ejari contracts, from AED 120,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2020 price is 10.0%, before a service charge of about AED 22,000 a year (AED 18.59 per sqft).
  • Two-beds in Al Fahad Tower 2 sold for AED 1,100,000–1,664,616 in the 12 months to November 2026; the building's median across all types is AED 946 per sqft.

Source: Dubai Land Department. Updated 1 February 2022.

Questions about 1706, Al Fahad Tower 2

What did unit 1706 last sell for?

AED 700,000 on 22 December 2020: AED 590 per sqft for 1,185 sqft. The unit has 2 registered sales; the first was AED 1,232,880 in November 2017.

What is the rent for unit 1706?

AED 70,000 a year on the contract signed on 1 February 2022. The previous contract, from December 2020, was AED 65,000; the unit has been rented since December 2017.

How big is unit 1706?

1,185 sqft (110.1 sqm): a two-bedroom apartment on the 17th floor of a 24-storey tower completed in 2016.

What is unit 1706 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Al Fahad Tower 2 sold for AED 1,100,000 to 1,664,616 in the last 12 months, around AED 946 per sqft.

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Mortgage on 1706, Al Fahad Tower 2

Starts from the last sale price (AED 700K, 22 December 2020). Switch to today's estimate once you have unlocked it.
Price
AED 700,000
Deposit, UAE resident (20%)
AED 140,000
Deposit, non-resident (40%)
AED 280,000
Monthly over 25 years at 3.7%
AED 2,864

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →