1-bed · 831 sqftFairview Residency, Business Bay · 10th floor · completed 2014

1005, Fairview Residency

Sold prices and rental history: sold once, by the developer in July 2013, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1005 · DLD and Ejari recordsUpdated 26 August 2024
Last soldAED 1.35M9 July 2013
Current rentAED 75K /yr26 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1005, Fairview Residency

What is 1005 worth today?

Last sold for AED 1,345,887 in 2013

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26 Aug 2024RentedRenewal
AED 74,500/yr12 months · AED 90 per sqft
26 Aug 2023RentedRenewal
AED 71,000/yr12 months · AED 86 per sqft
26 Aug 2022RentedNew contract
AED 65,000/yr12 months · AED 78 per sqft
19 Sep 2020RentedRenewal
AED 54,000/yr12 months · AED 65 per sqft
19 Sep 2019RentedRenewal
AED 68,000/yr12 months · AED 82 per sqft
19 Sep 2018RentedRenewal
AED 72,000/yr12 months · AED 87 per sqft
19 Sep 2017RentedRenewal
AED 81,000/yr12 months · AED 98 per sqft
19 Sep 2016RentedNew contract
AED 85,000/yr12 months · AED 103 per sqft

Source: Dubai Land Department. Updated 26 August 2024.

Key facts

Type
1-bed apartment
Size
831 sqft
Floor
10th of 18
Parking
P3-10
Developer
Deyaar
Completed
2014
Service charge
AED 12,600 /yr
Last sold
AED 1.35M · July 2013

About 1005, Fairview Residency

1005 is a one-bedroom apartment of 831 sqft on the 10th floor of Fairview Residency, a 18-storey tower in Business Bay completed in 2014 by Deyaar. The developer sold it on 9 July 2013 for AED 1,345,887, or AED 1,619 per sqft, 23% above the AED 1,314 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, renewed on 26 August 2024, is AED 74,500 a year: a gross yield of 5.5% on the 2013 price, before the service charge of about AED 12,600 a year.

Sales and rents for 1005 over time

Sales
Unit 1005, each saleTypical one-bed in Fairview Residency
01M2009201420192024Typical sale price by year: 2009 AED 1,521,701; 2010 AED 1,110,535; 2013 AED 1,266,991; 2014 AED 1,191,808; 2015 AED 1,170,000; 2016 AED 1,200,000; 2017 AED 1,075,000; 2018 AED 1,000,000; 2019 AED 770,000; 2021 AED 143,696; 2022 AED 775,000; 2023 AED 1,050,000; 2024 AED 1,112,500; 2025 AED 1,165,000; 2026 AED 1,110,000Sold by developer, July 2013: AED 1,345,887 (AED 1,619 per sqft)

1005 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1005, each contractTypical one-bed in Fairview Residency
60K80K2014201820222026Typical rent by year: 2014 AED 85,000; 2015 AED 89,250; 2016 AED 85,000; 2017 AED 80,000; 2018 AED 70,000; 2019 AED 62,000; 2020 AED 50,000; 2021 AED 48,000; 2022 AED 57,000; 2023 AED 65,065; 2024 AED 72,000; 2025 AED 77,500; 2026 AED 75,000New contract, September 2016: AED 85,000 a yearRenewal, September 2017: AED 81,000 a yearRenewal, September 2018: AED 72,000 a yearRenewal, September 2019: AED 68,000 a yearRenewal, September 2020: AED 54,000 a yearNew contract, August 2022: AED 65,000 a yearRenewal, August 2023: AED 71,000 a yearRenewal, August 2024: AED 74,500 a year

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

1-beds in Fairview Residency, and where 1005 sits

All 160 1-beds →

1005 last sold in July 2013 at AED 1,619 per sqft, 23% above what one-beds in Fairview Residency were fetching at the time (AED 1,314). Over the last 12 months one-beds sold for AED 1,050,000 to 1,385,000, around AED 1,340 per sqft, and rent for AED 52,000 to 110,000 a year. 1005's AED 74,500 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
24 Sep 20261,120,000
17 Aug 20261,150,000
4 Aug 20261,050,000
16 Jul 20261,100,000
11 1-bed sales in the last 12 months

Fairview Residency

Building

166 apartments, studios to 2-bed over 18 floors in Business Bay, completed in 2014 by Deyaar. 12 sold in the last 12 months.

Typical price per sqft
AED 1,373 Up 3.0%
Typical sale
AED 1.14M
Typical rent
AED 75K /yr
Typical yield
6.7%
Fairview Residency, Business Bay: prices, sales and rents →

Other units on the 10th floor

All 166 units in Fairview Residency
Value
10011-bedAED 650K · Mar 2015
10021-bedAED 850K · Jan 2022
10031-bedAED 1.28M · Aug 2014
10041-bedAED 1.15M · Feb 2024
10061-bedAED 1M · Aug 2017
10071-bedAED 1.16M · Jul 2013
10081-bedAED 1.15M · Sep 2014
1–7 of 9

1005, Fairview Residency in numbers

  • Sold once: by Deyaar on 9 July 2013 for AED 1,345,887, or AED 1,619 per sqft.
  • Rented since September 2016 on 8 Ejari contracts. The rent fell from AED 85,000 to AED 54,000 in 2020 and recovered to AED 74,500 by August 2024.
  • At AED 74,500 a year the gross yield on the 2013 price is 5.5%, before a service charge of about AED 12,600 a year (AED 15.11 per sqft).
  • One-beds in Fairview Residency sold for AED 1,050,000–1,385,000 in the 12 months to November 2026; the building's median across all types is AED 1,373 per sqft.

Source: Dubai Land Department. Updated 26 August 2024.

Questions about 1005, Fairview Residency

What did unit 1005 last sell for?

AED 1,345,887 on 9 July 2013, sold by the developer: AED 1,619 per sqft for 831 sqft. It is the only registered sale of the unit.

What is the rent for unit 1005?

AED 74,500 a year on the contract renewed on 26 August 2024. The previous contract, from August 2023, was AED 71,000; the unit has been rented since September 2016.

How big is unit 1005?

831 sqft (77.2 sqm): a one-bedroom apartment on the 10th floor of a 18-storey tower completed in 2014.

What is unit 1005 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Fairview Residency sold for AED 1,050,000 to 1,385,000 in the last 12 months, around AED 1,340 per sqft.

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Mortgage on 1005, Fairview Residency

Starts from the last sale price (AED 1.35M, 9 July 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,345,887
Deposit, UAE resident (20%)
AED 269,177
Deposit, non-resident (40%)
AED 538,355
Monthly over 25 years at 3.7%
AED 5,506

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