1-bed · 779 sqftFairview Residency, Business Bay · 14th floor · completed 2014

1403, Fairview Residency

Sold prices and rental history: sold 3 times, last in October 2014, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1403 · DLD and Ejari recordsUpdated 5 March 2022
Last soldAED 1.5M30 October 2014
Current rentAED 57K /yr5 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1403, Fairview Residency

What is 1403 worth today?

Last sold for AED 1,500,000 in 2014

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5 Mar 2022RentedNew contract
AED 56,500/yr12 months · AED 73 per sqft
26 Feb 2020RentedNew contract
AED 67,500/yr12 months · AED 87 per sqft
20 Feb 2018RentedNew contract
AED 80,000/yr12 months · AED 103 per sqft
30 Oct 2014SoldReady
AED 1,500,000AED 1,924 per sqft
3 Sep 2014SoldReady
AED 1,279,426AED 1,641 per sqft
29 Oct 2013Sold by developerOff-plan
AED 1,279,426AED 1,641 per sqft

Source: Dubai Land Department. Updated 5 March 2022.

Key facts

Type
1-bed apartment
Size
779 sqft
Floor
14th of 18
Parking
P3-43
Developer
Deyaar
Completed
2014
Service charge
AED 11,800 /yr
Last sold
AED 1.5M · October 2014

About 1403, Fairview Residency

1403 is a one-bedroom apartment of 779 sqft on the 14th floor of Fairview Residency, a 18-storey tower in Business Bay completed in 2014 by Deyaar. It last sold on 30 October 2014 for AED 1,500,000, or AED 1,924 per sqft, 35% above the AED 1,430 one-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 5 March 2022, is AED 56,500 a year: a gross yield of 3.8% on the 2014 price, before the service charge of about AED 11,800 a year.

Sales and rents for 1403 over time

Sales
Unit 1403, 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, October 2013: AED 1,279,426 (AED 1,641 per sqft)Sold, September 2014: AED 1,279,426 (AED 1,641 per sqft)Sold, October 2014: AED 1,500,000 (AED 1,924 per sqft)

1403 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1403, 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, February 2018: AED 80,000 a yearNew contract, February 2020: AED 67,500 a yearNew contract, March 2022: AED 56,500 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 1403 sits

All 160 1-beds →

1403 last sold in October 2014 at AED 1,924 per sqft, 35% above what one-beds in Fairview Residency were fetching at the time (AED 1,430). 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. 1403's AED 56,500 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 14th floor

All 166 units in Fairview Residency
Value
14011-bedAED 1.27M · Jul 2024
14021-bedAED 1.13M · Sep 2023
14041-bedAED 1.39M · Jan 2026
14051-bedAED 1.36M · Nov 2024
14061-bedAED 1.15M · Sep 2015
14071-bedAED 1.16M · Jun 2026
14081-bedAED 1.15M · Sep 2014
1–7 of 9

1403, Fairview Residency in numbers

  • Sold 3 times: first on 29 October 2013 for AED 1,279,426, last on 30 October 2014 for AED 1,500,000 (AED 1,924 per sqft).
  • Rented since February 2018 on 3 Ejari contracts, from AED 80,000 to AED 56,500 a year.
  • At AED 56,500 a year the gross yield on the 2014 price is 3.8%, 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 5 March 2022.

Questions about 1403, Fairview Residency

What did unit 1403 last sell for?

AED 1,500,000 on 30 October 2014: AED 1,924 per sqft for 779 sqft. The unit has 3 registered sales; the first was AED 1,279,426 in October 2013.

What is the rent for unit 1403?

AED 56,500 a year on the contract signed on 5 March 2022. The previous contract, from February 2020, was AED 67,500; the unit has been rented since February 2018.

How big is unit 1403?

779 sqft (72.4 sqm): a one-bedroom apartment on the 14th floor of a 18-storey tower completed in 2014.

What is unit 1403 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 1403, Fairview Residency

Starts from the last sale price (AED 1.5M, 30 October 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,500,000
Deposit, UAE resident (20%)
AED 300,000
Deposit, non-resident (40%)
AED 600,000
Monthly over 25 years at 3.7%
AED 6,137

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