1-bed · 851 sqftFairview Residency, Business Bay · 8th floor · completed 2014

801, Fairview Residency

Sold prices and rental history: sold twice, last in November 2019, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 801 · DLD and Ejari recordsUpdated 1 October 2020
Last soldAED 495K17 November 2019
Current rentAED 40K /yr1 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 801, Fairview Residency

What is 801 worth today?

Last sold for AED 495,000 in 2019

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1 Oct 2020RentedNew contract
AED 40,000/yr12 months · AED 47 per sqft
17 Nov 2019SoldReady
AED 495,000AED 581 per sqft
1 Jul 2019RentedRenewal
AED 94,198/yr14 months · AED 111 per sqft
21 Feb 2018RentedRenewal
AED 79,439/yr16 months · AED 93 per sqft
21 Feb 2017RentedNew contract
AED 82,000/yr12 months · AED 96 per sqft
17 Apr 2016Sold by developerReady
AED 1,498,608AED 1,760 per sqft
1 Feb 2016RentedNew contract
AED 78,000/yr12 months · AED 92 per sqft

Source: Dubai Land Department. Updated 1 October 2020.

Key facts

Type
1-bed apartment
Size
851 sqft
Floor
8th of 18
Parking
P1-37
Developer
Deyaar
Completed
2014
Service charge
AED 12,900 /yr
Last sold
AED 495K · November 2019

About 801, Fairview Residency

801 is a one-bedroom apartment of 851 sqft on the 8th floor of Fairview Residency, a 18-storey tower in Business Bay completed in 2014 by Deyaar. It last sold on 17 November 2019 for AED 495,000, or AED 581 per sqft, 38% below the AED 931 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, signed on 1 October 2020, is AED 40,000 a year: a gross yield of 8.1% on the 2019 price, before the service charge of about AED 12,900 a year.

Sales and rents for 801 over time

Sales
Unit 801, 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, April 2016: AED 1,498,608 (AED 1,760 per sqft)Sold, November 2019: AED 495,000 (AED 581 per sqft)

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

Rents
Unit 801, each contractTypical one-bed in Fairview Residency
50K75K100K2014201820222026Typical 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, February 2016: AED 78,000 a yearNew contract, February 2017: AED 82,000 a yearRenewal, February 2018: AED 79,439 a yearRenewal, July 2019: AED 94,198 a yearNew contract, October 2020: AED 40,000 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 801 sits

All 160 1-beds →

801 last sold in November 2019 at AED 581 per sqft, 38% below what one-beds in Fairview Residency were fetching at the time (AED 931). 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. 801's AED 40,000 is at the bottom 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 8th floor

All 166 units in Fairview Residency
Value
8021-bedAED 1.5M · Dec 2014
8031-bedAED 1.29M · Jul 2013
8041-bedAED 1.42M · Nov 2014
8051-bedAED 1.5M · Dec 2014
8061-bedAED 1.15M · Sep 2014
8071-bedAED 1.19M · Sep 2014
8081-bedAED 1.1M · Mar 2015
1–7 of 9

801, Fairview Residency in numbers

  • Sold twice: first on 17 April 2016 for AED 1,498,608, last on 17 November 2019 for AED 495,000 (AED 581 per sqft).
  • Rented since February 2016 on 5 Ejari contracts, from AED 78,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2019 price is 8.1%, before a service charge of about AED 12,900 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 October 2020.

Questions about 801, Fairview Residency

What did unit 801 last sell for?

AED 495,000 on 17 November 2019: AED 581 per sqft for 851 sqft. The unit has 2 registered sales; the first was AED 1,498,608 in April 2016.

What is the rent for unit 801?

AED 40,000 a year on the contract signed on 1 October 2020. The previous contract, from July 2019, was AED 94,198; the unit has been rented since February 2016.

How big is unit 801?

851 sqft (79.1 sqm): a one-bedroom apartment on the 8th floor of a 18-storey tower completed in 2014.

What is unit 801 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 801, Fairview Residency

Starts from the last sale price (AED 495K, 17 November 2019). Switch to today's estimate once you have unlocked it.
Price
AED 495,000
Deposit, UAE resident (20%)
AED 99,000
Deposit, non-resident (40%)
AED 198,000
Monthly over 25 years at 3.7%
AED 2,025

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