1-bed · 670 sqftFairview Residency, Business Bay · 17th floor · completed 2014

1703, Fairview Residency

Sold prices and rental history: sold once, by the developer in December 2014, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1703 · DLD and Ejari recordsUpdated 1 July 2022
Last soldAED 1.28M18 December 2014
Current rentAED 55K /yr1 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1703, Fairview Residency

What is 1703 worth today?

Last sold for AED 1,281,418 in 2014

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1 Jul 2022RentedRenewal
AED 55,000/yr12 months · AED 82 per sqft
1 Jul 2021RentedRenewal
AED 50,000/yr12 months · AED 75 per sqft
1 Jul 2020RentedNew contract
AED 50,000/yr12 months · AED 75 per sqft
10 Jan 2015RentedNew contract
AED 87,129/yr12 months · AED 131 per sqft
18 Dec 2014Sold by developerReady
AED 1,281,418AED 1,913 per sqft

Source: Dubai Land Department. Updated 1 July 2022.

Key facts

Type
1-bed apartment
Size
670 sqft
Floor
17th of 18
Parking
P3-6
Developer
Deyaar
Completed
2014
Service charge
AED 10,100 /yr
Last sold
AED 1.28M · December 2014

About 1703, Fairview Residency

1703 is a one-bedroom apartment of 670 sqft on the 17th floor of Fairview Residency, a 18-storey tower in Business Bay completed in 2014 by Deyaar. The developer sold it on 18 December 2014 for AED 1,281,418, or AED 1,913 per sqft, 33% above the AED 1,434 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, renewed on 1 July 2022, is AED 55,000 a year: a gross yield of 4.3% on the 2014 price, before the service charge of about AED 10,100 a year.

Sales and rents for 1703 over time

Sales
Unit 1703, 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 1,281,418 (AED 1,913 per sqft)

1703 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1703, 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, January 2015: AED 87,129 a yearNew contract, July 2020: AED 50,000 a yearRenewal, July 2021: AED 50,000 a yearRenewal, July 2022: AED 55,000 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 1703 sits

All 160 1-beds →

1703 last sold in December 2014 at AED 1,913 per sqft, 33% 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. 1703's AED 55,000 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 17th floor

All 166 units in Fairview Residency
Value
17011-bedAED 1.17M · Mar 2014
17022-bedAED 1.82M · Sep 2014
17042-bedAED 1.95M · Feb 2026
17051-bedAED 1.52M · Dec 2014
17062-bedAED 1.6M · Dec 2015
17071-bedAED 925K · Sep 2020
17082-bedAED 1.98M · Dec 2014

1703, Fairview Residency in numbers

  • Sold once: by Deyaar on 18 December 2014 for AED 1,281,418, or AED 1,913 per sqft.
  • Rented since January 2015 on 4 Ejari contracts, from AED 87,129 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2014 price is 4.3%, before a service charge of about AED 10,100 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 1 July 2022.

Questions about 1703, Fairview Residency

What did unit 1703 last sell for?

AED 1,281,418 on 18 December 2014, sold by the developer: AED 1,913 per sqft for 670 sqft. It is the only registered sale of the unit.

What is the rent for unit 1703?

AED 55,000 a year on the contract renewed on 1 July 2022. The previous contract, from July 2021, was AED 50,000; the unit has been rented since January 2015.

How big is unit 1703?

670 sqft (62.2 sqm): a one-bedroom apartment on the 17th floor of a 18-storey tower completed in 2014.

What is unit 1703 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 1703, Fairview Residency

Starts from the last sale price (AED 1.28M, 18 December 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,281,418
Deposit, UAE resident (20%)
AED 256,284
Deposit, non-resident (40%)
AED 512,567
Monthly over 25 years at 3.7%
AED 5,243

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