2-bed · 1,326 sqftFairview Residency, Business Bay · 17th floor · completed 2014

1706, Fairview Residency

Sold prices and rental history: sold 3 times, last in December 2015, and rented once, from January 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1706 · DLD and Ejari recordsUpdated 17 December 2015
Last soldAED 1.6M17 December 2015
Current rentAED 120K /yr10 January 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1706, Fairview Residency

What is 1706 worth today?

Last sold for AED 1,600,000 in 2015

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17 Dec 2015SoldReady
AED 1,600,000AED 1,206 per sqft
10 Jan 2015RentedNew contract
AED 120,000/yr12 months · AED 91 per sqft
26 Nov 2014SoldReady
AED 1,207,747AED 910 per sqft
28 Jun 2012Sold by developerOff-plan
AED 1,207,747AED 910 per sqft

Source: Dubai Land Department. Updated 17 December 2015.

Key facts

Type
2-bed apartment
Size
1,326 sqft
Floor
17th of 18
Parking
P1-5,P1-6
Developer
Deyaar
Completed
2014
Service charge
AED 20,000 /yr
Last sold
AED 1.6M · December 2015

About 1706, Fairview Residency

1706 is a two-bedroom apartment of 1,326 sqft on the 17th floor of Fairview Residency, a 18-storey tower in Business Bay completed in 2014 by Deyaar. It last sold on 17 December 2015 for AED 1,600,000, or AED 1,206 per sqft.

One Ejari contract is registered, from 10 January 2015. The current contract, signed on 10 January 2015, is AED 120,000 a year: a gross yield of 7.5% on the 2015 price, before the service charge of about AED 20,000 a year.

2-beds in Fairview Residency, and where 1706 sits

All 5 2-beds →

Over the last 12 months two-beds sold for AED 1,950,000, around AED 1,489 per sqft, and rent for AED 103,000 to 138,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
6 Feb 20261,950,000
18 Dec 20141,982,402
2 Sep 20141,817,439
31 Aug 20141,973,494
1 2-bed sale 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
17031-bedAED 1.28M · Dec 2014
17042-bedAED 1.95M · Feb 2026
17051-bedAED 1.52M · Dec 2014
17071-bedAED 925K · Sep 2020
17082-bedAED 1.98M · Dec 2014

1706, Fairview Residency in numbers

  • Sold 3 times: first on 28 June 2012 for AED 1,207,747, last on 17 December 2015 for AED 1,600,000 (AED 1,206 per sqft).
  • Rented since January 2015 on one Ejari contract, at AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2015 price is 7.5%, before a service charge of about AED 20,000 a year (AED 15.11 per sqft).
  • Two-beds in Fairview Residency sold for AED 1,950,000–1,950,000 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 17 December 2015.

Questions about 1706, Fairview Residency

What did unit 1706 last sell for?

AED 1,600,000 on 17 December 2015: AED 1,206 per sqft for 1,326 sqft. The unit has 3 registered sales; the first was AED 1,207,747 in June 2012.

What is the rent for unit 1706?

AED 120,000 a year on the contract signed on 10 January 2015.

How big is unit 1706?

1,326 sqft (123.2 sqm): a two-bedroom apartment on the 17th floor of a 18-storey tower completed in 2014.

What is unit 1706 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Fairview Residency sold for AED 1,950,000 to 1,950,000 in the last 12 months, around AED 1,489 per sqft.

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Mortgage on 1706, Fairview Residency

Starts from the last sale price (AED 1.6M, 17 December 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

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