1301, Residence 22 (Formerly Fareed Tower)
Sold prices and rental history: sold 3 times, last in April 2025, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1301, Residence 22 (Formerly Fareed Tower)
What is 1301 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 24 April 2025.
Key facts
- Type
- 4-bed apartment
- Size
- 4,781 sqft
- Floor
- 13th of 22
- Parking
- B1-13,B1-14
- Completed
- 2016
- Last sold
- AED 15.79M · April 2025
About 1301, Residence 22 (Formerly Fareed Tower)
1301 is a four-bedroom apartment of 4,781 sqft on the 13th floor of Residence 22 (Formerly Fareed Tower), a 22-storey tower in Business Bay completed in 2016. It last sold on 24 April 2025 for AED 15,794,286, or AED 3,303 per sqft, 9% above the AED 3,018 four-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 15 October 2022, is AED 440,000 a year: a gross yield of 2.8% on the 2025 price.
Sales and rents for 1301 over time
1301 has sold 3 times; the dashed line is the four-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the four-bed median of each year in the building.
4-beds in Residence 22 (Formerly Fareed Tower), and where 1301 sits
All 19 4-beds →1301 last sold in April 2025 at AED 3,303 per sqft, 9% above what four-beds in Residence 22 (Formerly Fareed Tower) were fetching at the time (AED 3,018).
| Recent 4-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 8 May 20258 May 2025 | 4,781 sqft | 15,794,286 | 3,303 | ||
| 8 May 20258 May 2025 | 4,922 sqft | 16,260,068 | 3,303 | ||
| 8 May 20258 May 2025 | 4,922 sqft | 16,260,068 | 3,303 | ||
| 8 May 20258 May 2025 | 4,922 sqft | 16,260,068 | 3,303 |
Residence 22 (Formerly Fareed Tower)
Building23 apartments, studios to 4-bed over 22 floors in Business Bay, completed in 2016. No sale in the last 12 months.
- Typical price per sqft
- Few sales
- Typical sale
- Few sales
- Typical rent
- AED 1.4M /yr
- Typical yield
1301, Residence 22 (Formerly Fareed Tower) in numbers
- Sold 3 times: first on 26 May 2022 for AED 8,794,545, last on 24 April 2025 for AED 15,794,286 (AED 3,303 per sqft).
- Rented since January 2018 on 6 Ejari contracts, from AED 450,000 to AED 440,000 a year.
- At AED 440,000 a year the gross yield on the 2025 price is 2.8%.
Source: Dubai Land Department. Updated 24 April 2025.
Questions about 1301, Residence 22 (Formerly Fareed Tower)
What did unit 1301 last sell for?
AED 15,794,286 on 24 April 2025: AED 3,303 per sqft for 4,781 sqft. The unit has 3 registered sales; the first was AED 8,794,545 in May 2022.
What is the rent for unit 1301?
AED 440,000 a year on the contract signed on 15 October 2022. The previous contract, from October 2021, was AED 440,000; the unit has been rented since January 2018.
How big is unit 1301?
4,781 sqft (444.2 sqm): a four-bedroom apartment on the 13th floor of a 22-storey tower completed in 2016.
What is unit 1301 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
Selling 1301? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1301, Residence 22 (Formerly Fareed Tower)
Starts from the last sale price (AED 15.79M, 24 April 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 15,794,286
- Deposit, UAE resident (20%)
- AED 3,158,857
- Deposit, non-resident (40%)
- AED 6,317,714
- Monthly over 25 years at 3.7%
- AED 64,619
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →