1-bed · 830 sqftFairview Residency, Business Bay · 9th floor · completed 2014

902, Fairview Residency

Sold prices and rental history: sold 4 times, last in March 2019, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 902 · DLD and Ejari recordsUpdated 1 February 2023
Last soldAED 1.05M24 March 2019
Current rentAED 63K /yr1 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 902, Fairview Residency

What is 902 worth today?

Last sold for AED 1,050,000 in 2019

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1 Feb 2023RentedRenewal
AED 62,700/yr12 months · AED 76 per sqft
1 Feb 2022RentedRenewal
AED 57,000/yr12 months · AED 69 per sqft
1 Feb 2021RentedNew contract
AED 52,000/yr12 months · AED 63 per sqft
24 Mar 2019SoldReady
AED 1,050,000AED 1,264 per sqft
1 Jun 2018RentedNew contract
AED 75,000/yr12 months · AED 90 per sqft
9 Feb 2018RentedRenewal
AED 65,000/yr12 months · AED 78 per sqft
9 Feb 2017RentedRenewal
AED 75,000/yr12 months · AED 90 per sqft
9 Feb 2016RentedNew contract
AED 75,000/yr12 months · AED 90 per sqft

Source: Dubai Land Department. Updated 1 February 2023.

Key facts

Type
1-bed apartment
Size
830 sqft
Floor
9th of 18
Parking
P3-14
Developer
Deyaar
Completed
2014
Service charge
AED 12,500 /yr
Last sold
AED 1.05M · March 2019

About 902, Fairview Residency

902 is a one-bedroom apartment of 830 sqft on the 9th floor of Fairview Residency, a 18-storey tower in Business Bay completed in 2014 by Deyaar. It last sold on 24 March 2019 for AED 1,050,000, or AED 1,264 per sqft, 29% above the AED 980 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, renewed on 1 February 2023, is AED 62,700 a year: a gross yield of 6.0% on the 2019 price, before the service charge of about AED 12,500 a year.

Sales and rents for 902 over time

Sales
Unit 902, 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, December 2013: AED 1,310,972 (AED 1,578 per sqft)Sold, August 2014: AED 1,444,590 (AED 1,739 per sqft)Sold, August 2014: AED 1,310,972 (AED 1,578 per sqft)Sold, March 2019: AED 1,050,000 (AED 1,264 per sqft)

902 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 902, 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, February 2016: AED 75,000 a yearRenewal, February 2017: AED 75,000 a yearRenewal, February 2018: AED 65,000 a yearNew contract, June 2018: AED 75,000 a yearNew contract, February 2021: AED 52,000 a yearRenewal, February 2022: AED 57,000 a yearRenewal, February 2023: AED 62,700 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 902 sits

All 160 1-beds →

902 last sold in March 2019 at AED 1,264 per sqft, 29% above what one-beds in Fairview Residency were fetching at the time (AED 980). 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. 902's AED 62,700 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 9th floor

All 166 units in Fairview Residency
Value
9011-bedAED 1.33M · Nov 2014
9031-bedAED 1.36M · Mar 2014
9041-bedAED 1.4M · Aug 2014
9051-bedAED 1.15M · Jun 2024
9061-bedAED 1.31M · Sep 2014
9071-bedAED 1.13M · Aug 2024
9081-bedAED 1.25M · May 2016
1–7 of 9

902, Fairview Residency in numbers

  • Sold 4 times: first on 5 December 2013 for AED 1,310,972, last on 24 March 2019 for AED 1,050,000 (AED 1,264 per sqft).
  • Rented since February 2016 on 7 Ejari contracts. The rent fell from AED 75,000 to AED 52,000 in 2021 and recovered to AED 62,700 by February 2023.
  • At AED 62,700 a year the gross yield on the 2019 price is 6.0%, before a service charge of about AED 12,500 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 February 2023.

Questions about 902, Fairview Residency

What did unit 902 last sell for?

AED 1,050,000 on 24 March 2019: AED 1,264 per sqft for 830 sqft. The unit has 4 registered sales; the first was AED 1,310,972 in December 2013.

What is the rent for unit 902?

AED 62,700 a year on the contract renewed on 1 February 2023. The previous contract, from February 2022, was AED 57,000; the unit has been rented since February 2016.

How big is unit 902?

830 sqft (77.1 sqm): a one-bedroom apartment on the 9th floor of a 18-storey tower completed in 2014.

What is unit 902 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 902, Fairview Residency

Starts from the last sale price (AED 1.05M, 24 March 2019). 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 →