702, Al Fahad Tower 2
Sold prices and rental history: sold once, by the developer in February 2018, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 702, Al Fahad Tower 2
What is 702 worth today?
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Source: Dubai Land Department. Updated 1 September 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 1,052 sqft
- Floor
- 7th of 24
- Parking
- B2-072
- Developer
- Alfahad Holding Real Estates Inviestments
- Completed
- 2016
- Service charge
- AED 19,600 /yr
- Last sold
- AED 1.18M · February 2018
- Building
- Al Fahad Tower 2
About 702, Al Fahad Tower 2
702 is a one-bedroom apartment of 1,052 sqft on the 7th floor of Al Fahad Tower 2, a 24-storey tower in Barsha Heights completed in 2016 by Alfahad Holding Real Estates Inviestments. The developer sold it on 21 February 2018 for AED 1,176,487, or AED 1,118 per sqft, 7% above the AED 1,045 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, signed on 1 September 2024, is AED 85,000 a year: a gross yield of 7.2% on the 2018 price, before the service charge of about AED 19,600 a year.
Sales and rents for 702 over time
702 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Al Fahad Tower 2, and where 702 sits
All 44 1-beds →702 last sold in February 2018 at AED 1,118 per sqft, 7% above what one-beds in Al Fahad Tower 2 were fetching at the time (AED 1,045). Over the last 12 months one-beds sold for AED 900,000, around AED 855 per sqft, and rent for AED 61,226 to 125,000 a year. 702's AED 85,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 Apr 202614 April 2026 | 1,052 sqft | 900,000 | 855 | ||
| 3 Jul 20243 July 2024 | 1,051 sqft | 830,000 | 789 | ||
| 28 Dec 202328 December 2023 | 1,051 sqft | 800,000 | 761 | ||
| 11 Oct 202311 October 2023 | 1,051 sqft | 700,000 | 665 |
Al Fahad Tower 2
Building224 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%
Other units on the 7th floor
All 224 units in Al Fahad Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 2-bed | 1,397 sqft | AED 1.86MAED 1,862,013 · Oct 2015October 2015 | 90,000 /yr | |
| 704 | 3-bed | 2,890 sqft | AED 2.5MAED 2,500,000 · Jun 2025June 2025 | 90,000 /yr | |
| 705 | 2-bed | 1,234 sqft | AED 1.28MAED 1,275,000 · Jul 2017July 2017 | ||
| 706 | 2-bed | 1,185 sqft | AED 1.03MAED 1,028,910 · Mar 2018March 2018 | 142,500 /yr | |
| 707 | 2-bed | 1,344 sqft | AED 1.19MAED 1,192,975 · Feb 2018February 2018 | 145,000 /yr | |
| 708 | 2-bed | 1,451 sqft | AED 1.5MAED 1,504,570 · Dec 2015December 2015 | 60,000 /yr | |
| 709 | 2-bed | 1,174 sqft | AED 1.15MAED 1,150,000 · Oct 2024October 2024 | 88,338 /yr | |
| 710 | 3-bed | 2,190 sqft | AED 2.91MAED 2,906,235 · Oct 2015October 2015 |
702, Al Fahad Tower 2 in numbers
- Sold once: by Alfahad Holding Real Estates Inviestments on 21 February 2018 for AED 1,176,487, or AED 1,118 per sqft.
- Rented since February 2019 on 6 Ejari contracts. The rent fell from AED 67,299 to AED 48,000 in 2022 and recovered to AED 85,000 by September 2024.
- At AED 85,000 a year the gross yield on the 2018 price is 7.2%, before a service charge of about AED 19,600 a year (AED 18.59 per sqft).
- One-beds in Al Fahad Tower 2 sold for AED 900,000–900,000 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 September 2024.
Questions about 702, Al Fahad Tower 2
What did unit 702 last sell for?
AED 1,176,487 on 21 February 2018, sold by the developer: AED 1,118 per sqft for 1,052 sqft. It is the only registered sale of the unit.
What is the rent for unit 702?
AED 85,000 a year on the contract signed on 1 September 2024. The previous contract, from May 2022, was AED 48,000; the unit has been rented since February 2019.
How big is unit 702?
1,052 sqft (97.7 sqm): a one-bedroom apartment on the 7th floor of a 24-storey tower completed in 2016.
What is unit 702 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Al Fahad Tower 2 sold for AED 900,000 to 900,000 in the last 12 months, around AED 855 per sqft.
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Mortgage on 702, Al Fahad Tower 2
Starts from the last sale price (AED 1.18M, 21 February 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 1,176,487
- Deposit, UAE resident (20%)
- AED 235,297
- Deposit, non-resident (40%)
- AED 470,595
- Monthly over 25 years at 3.7%
- AED 4,813
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →