1609, Fairview Residency
Sold prices and rental history: sold once, by the developer in September 2014, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1609, Fairview Residency
What is 1609 worth today?
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Source: Dubai Land Department. Updated 10 March 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 796 sqft
- Floor
- 16th of 18
- Parking
- P3-53
- Developer
- Deyaar
- Completed
- 2014
- Service charge
- AED 12,000 /yr
- Last sold
- AED 1.23M · September 2014
- Building
- Fairview Residency
About 1609, Fairview Residency
1609 is a one-bedroom apartment of 796 sqft on the 16th floor of Fairview Residency, a 18-storey tower in Business Bay completed in 2014 by Deyaar. The developer sold it on 3 September 2014 for AED 1,234,092, or AED 1,549 per sqft, 8% above the AED 1,434 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, signed on 10 March 2023, is AED 68,000 a year: a gross yield of 5.5% on the 2014 price, before the service charge of about AED 12,000 a year.
Sales and rents for 1609 over time
1609 has sold once; the dashed line is the one-bed median of each year in the building.
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 1609 sits
All 160 1-beds →1609 last sold in September 2014 at AED 1,549 per sqft, 8% 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. 1609's AED 68,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Sep 202624 September 2026 | 796 sqft | 1,120,000 | 1,406 | ||
| 17 Aug 202617 August 2026 | 796 sqft | 1,150,000 | 1,444 | ||
| 4 Aug 20264 August 2026 | 841 sqft | 1,050,000 | 1,249 | ||
| 16 Jul 202616 July 2026 | 852 sqft | 1,100,000 | 1,291 |
Fairview Residency
Building166 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%
Other units on the 16th floor
All 166 units in Fairview Residency| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 1-bed | 851 sqft | AED 1.17MAED 1,170,000 · Mar 2014March 2014 | 70,000 /yr | |
| 1602 | 1-bed | 833 sqft | AED 1.45MAED 1,450,000 · Oct 2014October 2014 | ||
| 1603 | 1-bed | 779 sqft | AED 1.1MAED 1,100,000 · May 2023May 2023 | 76,500 /yr | |
| 1604 | 1-bed | 781 sqft | AED 1.13MAED 1,126,017 · Jun 2009June 2009 | 70,000 /yr | |
| 1605 | 1-bed | 832 sqft | AED 1.1MAED 1,100,000 · Mar 2023March 2023 | 58,000 /yr | |
| 1606 | 1-bed | 841 sqft | AED 1.05MAED 1,050,000 · Aug 2017August 2017 | 92,000 /yr | |
| 1607 | 1-bed | 885 sqft | AED 1.28MAED 1,275,000 · Sep 2014September 2014 | 80,000 /yr | |
| 1608 | 1-bed | 796 sqft | AED 1.07MAED 1,067,000 · May 2026May 2026 | 84,690 /yr | |
| 1610 | 1-bed | 872 sqft | AED 1.03MAED 1,028,432 · Dec 2014December 2014 | 71,663 /yr |
1609, Fairview Residency in numbers
- Sold once: by Deyaar on 3 September 2014 for AED 1,234,092, or AED 1,549 per sqft.
- Rented since August 2014 on 4 Ejari contracts. The rent fell from AED 80,000 to AED 55,000 in 2022 and recovered to AED 68,000 by March 2023.
- At AED 68,000 a year the gross yield on the 2014 price is 5.5%, before a service charge of about AED 12,000 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 10 March 2023.
Questions about 1609, Fairview Residency
What did unit 1609 last sell for?
AED 1,234,092 on 3 September 2014, sold by the developer: AED 1,549 per sqft for 796 sqft. It is the only registered sale of the unit.
What is the rent for unit 1609?
AED 68,000 a year on the contract signed on 10 March 2023. The previous contract, from February 2023, was AED 68,000; the unit has been rented since August 2014.
How big is unit 1609?
796 sqft (74.0 sqm): a one-bedroom apartment on the 16th floor of a 18-storey tower completed in 2014.
What is unit 1609 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 1609, Fairview Residency
Starts from the last sale price (AED 1.23M, 3 September 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,234,092
- Deposit, UAE resident (20%)
- AED 246,818
- Deposit, non-resident (40%)
- AED 493,637
- Monthly over 25 years at 3.7%
- AED 5,049
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →