506, Fairview Residency
Sold prices and rental history: sold 3 times, last in August 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Fairview Residency
What is 506 worth today?
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Source: Dubai Land Department. Updated 8 August 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 841 sqft
- Floor
- 5th of 18
- Parking
- P1-55
- Developer
- Deyaar
- Completed
- 2014
- Service charge
- AED 12,700 /yr
- Last sold
- AED 1.05M · August 2024
- Building
- Fairview Residency
About 506, Fairview Residency
506 is a one-bedroom apartment of 841 sqft on the 5th floor of Fairview Residency, a 18-storey tower in Business Bay completed in 2014 by Deyaar. It last sold on 8 August 2024 for AED 1,050,000, or AED 1,248 per sqft, 5% below the AED 1,318 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, renewed on 6 June 2023, is AED 53,000 a year: a gross yield of 5.1% on the 2024 price, before the service charge of about AED 12,700 a year.
Sales and rents for 506 over time
506 has sold 3 times; 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 506 sits
All 160 1-beds →506 last sold in August 2024 at AED 1,248 per sqft, 5% below what one-beds in Fairview Residency were fetching at the time (AED 1,318). 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. 506's AED 53,000 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 5th floor
All 166 units in Fairview Residency| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 852 sqft | AED 1.05MAED 1,047,728 · Sep 2014September 2014 | 80,000 /yr | |
| 502 | 1-bed | 831 sqft | AED 1.05MAED 1,050,000 · Jun 2023June 2023 | 110,000 /yr | |
| 503 | 1-bed | 779 sqft | AED 1.3MAED 1,300,000 · Dec 2025December 2025 | 69,300 /yr | |
| 504 | 1-bed | 780 sqft | AED 1.33MAED 1,325,000 · Jan 2025January 2025 | 92,000 /yr | |
| 505 | 1-bed | 831 sqft | AED 1.29MAED 1,290,000 · Sep 2016September 2016 | 80,000 /yr | |
| 507 | 1-bed | 884 sqft | AED 1.2MAED 1,202,604 · Oct 2014October 2014 | 70,000 /yr | |
| 508 | 1-bed | 796 sqft | AED 1.14MAED 1,142,423 · Sep 2014September 2014 | 75,000 /yr | |
| 509 | 1-bed | 796 sqft | AED 1.14MAED 1,142,423 · Sep 2014September 2014 | 75,000 /yr | |
| 510 | 1-bed | 871 sqft | AED 1.18MAED 1,175,694 · Sep 2014September 2014 | 72,522 /yr |
506, Fairview Residency in numbers
- Sold 3 times: first on 15 May 2017 for AED 700,000, last on 8 August 2024 for AED 1,050,000 (AED 1,248 per sqft).
- Rented since January 2017 on 7 Ejari contracts. The rent fell from AED 84,000 to AED 44,000 in 2021 and recovered to AED 53,000 by June 2023.
- At AED 53,000 a year the gross yield on the 2024 price is 5.1%, before a service charge of about AED 12,700 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 8 August 2024.
Questions about 506, Fairview Residency
What did unit 506 last sell for?
AED 1,050,000 on 8 August 2024: AED 1,248 per sqft for 841 sqft. The unit has 3 registered sales; the first was AED 700,000 in May 2017.
What is the rent for unit 506?
AED 53,000 a year on the contract renewed on 6 June 2023. The previous contract, from June 2022, was AED 53,000; the unit has been rented since January 2017.
How big is unit 506?
841 sqft (78.1 sqm): a one-bedroom apartment on the 5th floor of a 18-storey tower completed in 2014.
What is unit 506 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 506, Fairview Residency
Starts from the last sale price (AED 1.05M, 8 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,050,000
- Deposit, UAE resident (20%)
- AED 210,000
- Deposit, non-resident (40%)
- AED 420,000
- Monthly over 25 years at 3.7%
- AED 4,296
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →