1-bed · 832 sqftFairview Residency, Business Bay · 13th floor · completed 2014

1305, Fairview Residency

Sold prices and rental history: sold twice, last in September 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1305 · DLD and Ejari recordsUpdated 27 September 2023
Last soldAED 1.05M27 September 2023
Current rentAED 65K /yr20 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1305, Fairview Residency

What is 1305 worth today?

Last sold for AED 1,050,000 in 2023

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27 Sep 2023SoldReady
AED 1,050,000AED 1,262 per sqft
20 Sep 2023RentedNew contract
AED 65,000/yr12 months · AED 78 per sqft
1 Nov 2020RentedRenewal
AED 58,000/yr12 months · AED 70 per sqft
1 Nov 2019RentedRenewal
AED 68,000/yr12 months · AED 82 per sqft
1 Nov 2018RentedNew contract
AED 72,000/yr12 months · AED 87 per sqft
20 Sep 2017RentedNew contract
AED 80,000/yr12 months · AED 97 per sqft
12 Sep 2016RentedRenewal
AED 88,476/yr12 months · AED 107 per sqft
12 Sep 2015RentedRenewal
AED 90,000/yr12 months · AED 109 per sqft

Source: Dubai Land Department. Updated 27 September 2023.

Key facts

Type
1-bed apartment
Size
832 sqft
Floor
13th of 18
Parking
P3-39
Developer
Deyaar
Completed
2014
Service charge
AED 12,600 /yr
Last sold
AED 1.05M · September 2023

About 1305, Fairview Residency

1305 is a one-bedroom apartment of 832 sqft on the 13th floor of Fairview Residency, a 18-storey tower in Business Bay completed in 2014 by Deyaar. It last sold on 27 September 2023 for AED 1,050,000, or AED 1,262 per sqft, in line with the AED 1,262 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 20 September 2023, is AED 65,000 a year: a gross yield of 6.2% on the 2023 price, before the service charge of about AED 12,600 a year.

Sales and rents for 1305 over time

Sales
Unit 1305, 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 1,349,417 (AED 1,622 per sqft)Sold, September 2023: AED 1,050,000 (AED 1,262 per sqft)

1305 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1305, 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 2014: AED 87,129 a yearRenewal, September 2015: AED 90,000 a yearRenewal, September 2016: AED 88,476 a yearNew contract, September 2017: AED 80,000 a yearNew contract, November 2018: AED 72,000 a yearRenewal, November 2019: AED 68,000 a yearRenewal, November 2020: AED 58,000 a yearNew contract, September 2023: AED 65,000 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 1305 sits

All 160 1-beds →

1305 last sold in September 2023 at AED 1,262 per sqft, in line with what one-beds in Fairview Residency were fetching at the time (AED 1,262). 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. 1305's AED 65,000 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
13031-bedAED 1.05M · Mar 2024
13041-bedAED 1.05M · May 2024
13061-bedAED 1.1M · Oct 2024
13071-bedAED 1.19M · Oct 2014
13081-bedAED 1.15M · Aug 2026
1–7 of 9

1305, Fairview Residency in numbers

  • Sold twice: first on 11 December 2014 for AED 1,349,417, last on 27 September 2023 for AED 1,050,000 (AED 1,262 per sqft).
  • Rented since September 2014 on 8 Ejari contracts. The rent fell from AED 87,129 to AED 58,000 in 2020 and recovered to AED 65,000 by September 2023.
  • At AED 65,000 a year the gross yield on the 2023 price is 6.2%, 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 27 September 2023.

Questions about 1305, Fairview Residency

What did unit 1305 last sell for?

AED 1,050,000 on 27 September 2023: AED 1,262 per sqft for 832 sqft. The unit has 2 registered sales; the first was AED 1,349,417 in December 2014.

What is the rent for unit 1305?

AED 65,000 a year on the contract signed on 20 September 2023. The previous contract, from November 2020, was AED 58,000; the unit has been rented since September 2014.

How big is unit 1305?

832 sqft (77.3 sqm): a one-bedroom apartment on the 13th floor of a 18-storey tower completed in 2014.

What is unit 1305 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 1305, Fairview Residency

Starts from the last sale price (AED 1.05M, 27 September 2023). 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 →