1-bed · 779 sqftFairview Residency, Business Bay · 13th floor · completed 2014

1303, Fairview Residency

Sold prices and rental history: sold twice, last in March 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1303 · DLD and Ejari recordsUpdated 28 March 2024
Last soldAED 1.05M28 March 2024
Current rentAED 58K /yr20 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1303, Fairview Residency

What is 1303 worth today?

Last sold for AED 1,050,000 in 2024

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28 Mar 2024SoldReady
AED 1,050,000AED 1,347 per sqft
20 Oct 2020RentedRenewal
AED 58,000/yr12 months · AED 75 per sqft
20 Oct 2019RentedRenewal
AED 65,000/yr12 months · AED 84 per sqft
20 Oct 2018RentedRenewal
AED 65,000/yr12 months · AED 84 per sqft
20 Oct 2017RentedNew contract
AED 65,000/yr12 months · AED 84 per sqft
11 Dec 2014Sold by developerReady
AED 1,304,047AED 1,673 per sqft

Source: Dubai Land Department. Updated 28 March 2024.

Key facts

Type
1-bed apartment
Size
779 sqft
Floor
13th of 18
Parking
P3-37
Developer
Deyaar
Completed
2014
Service charge
AED 11,800 /yr
Last sold
AED 1.05M · March 2024

About 1303, Fairview Residency

1303 is a one-bedroom apartment of 779 sqft on the 13th floor of Fairview Residency, a 18-storey tower in Business Bay completed in 2014 by Deyaar. It last sold on 28 March 2024 for AED 1,050,000, or AED 1,347 per sqft, 6% above the AED 1,272 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, renewed on 20 October 2020, is AED 58,000 a year: a gross yield of 5.5% on the 2024 price, before the service charge of about AED 11,800 a year.

Sales and rents for 1303 over time

Sales
Unit 1303, 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, December 2014: AED 1,304,047 (AED 1,673 per sqft)Sold, March 2024: AED 1,050,000 (AED 1,347 per sqft)

1303 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1303, 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, October 2017: AED 65,000 a yearRenewal, October 2018: AED 65,000 a yearRenewal, October 2019: AED 65,000 a yearRenewal, October 2020: AED 58,000 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 1303 sits

All 160 1-beds →

1303 last sold in March 2024 at AED 1,347 per sqft, 6% above what one-beds in Fairview Residency were fetching at the time (AED 1,272). 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. 1303's AED 58,000 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 13th floor

All 166 units in Fairview Residency
Value
13011-bedAED 1.17M · Sep 2014
13021-bedAED 1.05M · Oct 2023
13041-bedAED 1.05M · May 2024
13051-bedAED 1.05M · Sep 2023
13061-bedAED 1.1M · Oct 2024
13071-bedAED 1.19M · Oct 2014
13081-bedAED 1.15M · Aug 2026
1–7 of 9

1303, Fairview Residency in numbers

  • Sold twice: first on 11 December 2014 for AED 1,304,047, last on 28 March 2024 for AED 1,050,000 (AED 1,347 per sqft).
  • Rented since October 2017 on 4 Ejari contracts, from AED 65,000 to AED 58,000 a year.
  • At AED 58,000 a year the gross yield on the 2024 price is 5.5%, before a service charge of about AED 11,800 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 28 March 2024.

Questions about 1303, Fairview Residency

What did unit 1303 last sell for?

AED 1,050,000 on 28 March 2024: AED 1,347 per sqft for 779 sqft. The unit has 2 registered sales; the first was AED 1,304,047 in December 2014.

What is the rent for unit 1303?

AED 58,000 a year on the contract renewed on 20 October 2020. The previous contract, from October 2019, was AED 65,000; the unit has been rented since October 2017.

How big is unit 1303?

779 sqft (72.4 sqm): a one-bedroom apartment on the 13th floor of a 18-storey tower completed in 2014.

What is unit 1303 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 1303, Fairview Residency

Starts from the last sale price (AED 1.05M, 28 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,050,000
Deposit, UAE resident (20%)
AED 210,000
Deposit, non-resident (40%)
AED 420,000
Monthly over 25 years at 3.7%
AED 4,296

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