1-bed · 159 sqftFairview Residency, Business Bay · 3rd floor · completed 2014

308, Fairview Residency

Sold prices and rental history: sold 3 times, last in March 2021, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 308 · DLD and Ejari recordsUpdated 2 February 2025
Last soldAED 132K18 March 2021
Current rentAED 60K /yr2 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 308, Fairview Residency

What is 308 worth today?

Last sold for AED 132,034 in 2021

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2 Feb 2025RentedRenewal
AED 60,000/yr12 months · AED 75 per sqft
2 Feb 2024RentedRenewal
AED 90,000/yr12 months · AED 113 per sqft
2 Feb 2023RentedNew contract
AED 40,000/yr12 months · AED 50 per sqft
22 Nov 2021RentedNew contract
AED 40,000/yr12 months · AED 50 per sqft
18 Mar 2021SoldReady
AED 132,034AED 829 per sqft
1 Sep 2020RentedNew contract
AED 45,000/yr12 months · AED 57 per sqft
20 Apr 2019RentedNew contract
AED 62,000/yr12 months · AED 78 per sqft
15 Jul 2018RentedRenewal
AED 65,000/yr12 months · AED 82 per sqft

Source: Dubai Land Department. Updated 2 February 2025.

Key facts

Type
1-bed apartment
Size
159 sqft
Floor
3rd of 18
Parking
P2-32
Developer
Deyaar
Completed
2014
Service charge
AED 2,400 /yr
Last sold
AED 132K · March 2021

About 308, Fairview Residency

308 is a one-bedroom apartment of 159 sqft on the 3rd floor of Fairview Residency, a 18-storey tower in Business Bay completed in 2014 by Deyaar. It last sold on 18 March 2021 for AED 132,034, or AED 829 per sqft, in line with the AED 829 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 9 Ejari contracts. The current contract, renewed on 2 February 2025, is AED 60,000 a year: a gross yield of 45.4% on the 2021 price, before the service charge of about AED 2,400 a year.

Sales and rents for 308 over time

Sales
Unit 308, 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, February 2014: AED 1,154,201 (AED 1,449 per sqft)Sold, August 2014: AED 1,154,201 (AED 1,449 per sqft)Sold, March 2021: AED 132,034 (AED 829 per sqft)

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

Rents
Unit 308, each contractTypical one-bed in Fairview Residency
50K75K2014201820222026Typical 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, June 2015: AED 75,000 a yearNew contract, July 2017: AED 65,000 a yearRenewal, July 2018: AED 65,000 a yearNew contract, April 2019: AED 62,000 a yearNew contract, September 2020: AED 45,000 a yearNew contract, November 2021: AED 40,000 a yearNew contract, February 2023: AED 40,000 a yearRenewal, February 2024: AED 90,000 a yearRenewal, February 2025: AED 60,000 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 308 sits

All 160 1-beds →

308 last sold in March 2021 at AED 829 per sqft, in line with what one-beds in Fairview Residency were fetching at the time (AED 829). 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. 308's AED 60,000 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 3rd floor

All 166 units in Fairview Residency
Value
3011-bedAED 1.1M · Jul 2026
3021-bedAED 1.31M · Dec 2014
3031-bedAED 1.33M · Sep 2014
3041-bedAED 1.27M · Oct 2013
3051-bedAED 1.2M · Apr 2016
3061-bedAED 1.16M · Sep 2014
3071-bedAED 144K · Mar 2021
1–7 of 9

308, Fairview Residency in numbers

  • Sold 3 times: first on 25 February 2014 for AED 1,154,201, last on 18 March 2021 for AED 132,034 (AED 829 per sqft).
  • Rented since June 2015 on 9 Ejari contracts. The rent fell from AED 75,000 to AED 40,000 in 2023 and recovered to AED 60,000 by February 2025.
  • At AED 60,000 a year the gross yield on the 2021 price is 45.4%, before a service charge of about AED 2,400 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 2 February 2025.

Questions about 308, Fairview Residency

What did unit 308 last sell for?

AED 132,034 on 18 March 2021: AED 829 per sqft for 159 sqft. The unit has 3 registered sales; the first was AED 1,154,201 in February 2014.

What is the rent for unit 308?

AED 60,000 a year on the contract renewed on 2 February 2025. The previous contract, from February 2024, was AED 90,000; the unit has been rented since June 2015.

How big is unit 308?

159 sqft (14.8 sqm): a one-bedroom apartment on the 3rd floor of a 18-storey tower completed in 2014.

What is unit 308 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 308, Fairview Residency

Starts from the last sale price (AED 132K, 18 March 2021). Switch to today's estimate once you have unlocked it.
Price
AED 132,034
Deposit, UAE resident (20%)
AED 26,407
Deposit, non-resident (40%)
AED 52,814
Monthly over 25 years at 3.7%
AED 540

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