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1-bed · 831 sqftFairview Residency, Business Bay · 5th floor · completed 2014

505, Fairview Residency

Sold prices and rental history: sold twice, last in September 2016, and rented once, from June 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 1 September 2016
Last soldAED 1.29M1 September 2016
Current rentAED 80K /yr16 June 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, Fairview Residency

What is 505 worth today?

Last sold for AED 1,290,000 in 2016

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1 Sep 2016SoldReady
AED 1,290,000AED 1,552 per sqft
16 Jun 2016RentedNew contract
AED 80,000/yr12 months · AED 97 per sqft
7 Jun 2009Sold by developerOff-plan
AED 1,215,287AED 1,462 per sqft

Source: Dubai Land Department. Updated 1 September 2016.

Key facts

Type
1-bed apartment
Size
831 sqft
Floor
5th of 18
Parking
P1-26
Developer
Deyaar
Completed
2014
Service charge
AED 12,600 /yr
Last sold
AED 1.29M · September 2016
Building
Fairview Residency

About 505, Fairview Residency

505 is a one-bedroom apartment of 831 sqft on the 5th floor of Fairview Residency, a 18-storey tower in Business Bay completed in 2014 by Deyaar. It last sold on 1 September 2016 for AED 1,290,000, or AED 1,552 per sqft, in line with the AED 1,532 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 16 June 2016. The current contract, signed on 16 June 2016, is AED 80,000 a year: a gross yield of 6.2% on the 2016 price, before the service charge of about AED 12,600 a year.

Sales and rents for 505 over time

Sales
Unit 505, 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 1,215,287 (AED 1,462 per sqft)Sold, September 2016: AED 1,290,000 (AED 1,552 per sqft)

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

Rents
Unit 505, 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, June 2016: AED 80,000 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 505 sits

All 160 1-beds →

505 last sold in September 2016 at AED 1,552 per sqft, in line with what one-beds in Fairview Residency were fetching at the time (AED 1,532). 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. 505's AED 80,000 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 5th floor

All 166 units in Fairview Residency
Value
5011-bedAED 1.05M · Sep 2014
5021-bedAED 1.05M · Jun 2023
5031-bedAED 1.3M · Dec 2025
5041-bedAED 1.33M · Jan 2025
5061-bedAED 1.05M · Aug 2024
5071-bedAED 1.2M · Oct 2014
5081-bedAED 1.14M · Sep 2014
1–7 of 9

505, Fairview Residency in numbers

  • Sold twice: first on 7 June 2009 for AED 1,215,287, last on 1 September 2016 for AED 1,290,000 (AED 1,552 per sqft).
  • Rented since June 2016 on one Ejari contract, at AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2016 price is 6.2%, before a service charge of about AED 12,600 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 September 2016.

Questions about 505, Fairview Residency

What did unit 505 last sell for?

AED 1,290,000 on 1 September 2016: AED 1,552 per sqft for 831 sqft. The unit has 2 registered sales; the first was AED 1,215,287 in June 2009.

What is the rent for unit 505?

AED 80,000 a year on the contract signed on 16 June 2016.

How big is unit 505?

831 sqft (77.2 sqm): a one-bedroom apartment on the 5th floor of a 18-storey tower completed in 2014.

What is unit 505 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 505, Fairview Residency

Starts from the last sale price (AED 1.29M, 1 September 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,290,000
Deposit, UAE resident (20%)
AED 258,000
Deposit, non-resident (40%)
AED 516,000
Monthly over 25 years at 3.7%
AED 5,278

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