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1-bed · 833 sqftFairview Residency, Business Bay · 16th floor · completed 2014

1602, Fairview Residency

Sold prices and rental history: sold 3 times, last in October 2014, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1602 · DLD and Ejari recordsUpdated 2 October 2014
Last soldAED 1.45M2 October 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1602, Fairview Residency

What is 1602 worth today?

Last sold for AED 1,450,000 in 2014

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2 Oct 2014SoldReady
AED 1,450,000AED 1,741 per sqft
3 Sep 2014SoldReady
AED 1,226,184AED 1,472 per sqft
7 Jun 2009Sold by developerOff-plan
AED 1,689,649AED 2,029 per sqft

Source: Dubai Land Department. Updated 2 October 2014.

Key facts

Type
1-bed apartment
Size
833 sqft
Floor
16th of 18
Parking
B-10
Developer
Deyaar
Completed
2014
Service charge
AED 12,600 /yr
Last sold
AED 1.45M · October 2014
Building
Fairview Residency

About 1602, Fairview Residency

1602 is a one-bedroom apartment of 833 sqft on the 16th floor of Fairview Residency, a 18-storey tower in Business Bay completed in 2014 by Deyaar. It last sold on 2 October 2014 for AED 1,450,000, or AED 1,741 per sqft, 21% above the AED 1,434 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1602 over time

Sales
Unit 1602, 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, June 2009: AED 1,689,649 (AED 2,029 per sqft)Sold, September 2014: AED 1,226,184 (AED 1,472 per sqft)Sold, October 2014: AED 1,450,000 (AED 1,741 per sqft)

1602 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1602, 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 75,000

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 1602 sits

All 160 1-beds →

1602 last sold in October 2014 at AED 1,741 per sqft, 21% above what one-beds in Fairview Residency were fetching at the time (AED 1,434). 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.

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 16th floor

All 166 units in Fairview Residency
Value
16011-bedAED 1.17M · Mar 2014
16031-bedAED 1.1M · May 2023
16041-bedAED 1.13M · Jun 2009
16051-bedAED 1.1M · Mar 2023
16061-bedAED 1.05M · Aug 2017
16071-bedAED 1.28M · Sep 2014
16081-bedAED 1.07M · May 2026
1–7 of 9

1602, Fairview Residency in numbers

  • Sold 3 times: first on 7 June 2009 for AED 1,689,649, last on 2 October 2014 for AED 1,450,000 (AED 1,741 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 2 October 2014.

Questions about 1602, Fairview Residency

What did unit 1602 last sell for?

AED 1,450,000 on 2 October 2014: AED 1,741 per sqft for 833 sqft. The unit has 3 registered sales; the first was AED 1,689,649 in June 2009.

How big is unit 1602?

833 sqft (77.4 sqm): a one-bedroom apartment on the 16th floor of a 18-storey tower completed in 2014.

What is unit 1602 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 1602, Fairview Residency

Starts from the last sale price (AED 1.45M, 2 October 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,450,000
Deposit, UAE resident (20%)
AED 290,000
Deposit, non-resident (40%)
AED 580,000
Monthly over 25 years at 3.7%
AED 5,932

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