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4-bed · 4,922 sqftResidence 22 (Formerly Fareed Tower), Business Bay · 19th floor · completed 2016

1901, 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.

Unit 1901 · DLD and Ejari recordsUpdated 24 April 2025
Last soldAED 16.26M24 April 2025
Current rentAED 512K /yr28 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1901, Residence 22 (Formerly Fareed Tower)

What is 1901 worth today?

Last sold for AED 16,260,068 in 2025

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24 Apr 2025SoldReady
AED 16,260,068AED 3,303 per sqft
1 Oct 2024SoldReady
AED 14,848,000AED 3,016 per sqft
28 Jan 2023RentedNew contract
AED 512,118/yr4 months · AED 104 per sqft
26 May 2022Sold by developerReady
AED 9,053,794AED 1,839 per sqft
28 Jan 2022RentedNew contract
AED 494,500/yr12 months · AED 100 per sqft
28 Jan 2020RentedRenewal
AED 430,000/yr24 months · AED 90 per sqft
28 Jan 2018RentedNew contract
AED 500,000/yr24 months · AED 104 per sqft

Source: Dubai Land Department. Updated 24 April 2025.

Key facts

Type
4-bed apartment
Size
4,922 sqft
Floor
19th of 22
Parking
B2-13,B2-14
Completed
2016
Last sold
AED 16.26M · April 2025
Building
Residence 22 (Formerly Fareed Tower)

About 1901, Residence 22 (Formerly Fareed Tower)

1901 is a four-bedroom apartment of 4,922 sqft on the 19th 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 16,260,068, 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 4 Ejari contracts. The current contract, signed on 28 January 2023, is AED 512,118 a year: a gross yield of 3.1% on the 2025 price.

Sales and rents for 1901 over time

Sales
Unit 1901, each saleTypical four-bed in Residence 22 (Formerly Fareed Tower)
10M15M20222023202420252026Typical sale price by year: 2022 AED 8,794,545; 2024 AED 14,432,000; 2025 AED 16,027,177Sold by developer, May 2022: AED 9,053,794 (AED 1,839 per sqft)Sold, October 2024: AED 14,848,000 (AED 3,016 per sqft)Sold, April 2025: AED 16,260,068 (AED 3,303 per sqft)

1901 has sold 3 times; the dashed line is the four-bed median of each year in the building.

Rents
Unit 1901, each contractTypical four-bed in Residence 22 (Formerly Fareed Tower)
400K500K600K2017201920212023Typical rent by year: 2017 AED 465,000; 2018 AED 500,000; 2019 AED 475,000; 2020 AED 430,000; 2021 AED 470,000; 2022 AED 508,750; 2023 AED 650,000New contract, January 2018: AED 500,000 a yearRenewal, January 2020: AED 430,000 a yearNew contract, January 2022: AED 494,500 a yearNew contract, January 2023: AED 512,118 a year

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 1901 sits

All 19 4-beds →

1901 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 salesUnit no.Price (AED)Summary
8 May 202515,794,286
8 May 202516,260,068
8 May 202516,260,068
8 May 202516,260,068
0 4-bed sales in the last 12 months

Residence 22 (Formerly Fareed Tower)

Building

23 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
Residence 22 (Formerly Fareed Tower), Business Bay: prices, sales and rents →

1901, Residence 22 (Formerly Fareed Tower) in numbers

  • Sold 3 times: first on 26 May 2022 for AED 9,053,794, last on 24 April 2025 for AED 16,260,068 (AED 3,303 per sqft).
  • Rented since January 2018 on 4 Ejari contracts. The rent fell from AED 500,000 to AED 430,000 in 2020 and recovered to AED 512,118 by January 2023.
  • At AED 512,118 a year the gross yield on the 2025 price is 3.1%.

Source: Dubai Land Department. Updated 24 April 2025.

Questions about 1901, Residence 22 (Formerly Fareed Tower)

What did unit 1901 last sell for?

AED 16,260,068 on 24 April 2025: AED 3,303 per sqft for 4,922 sqft. The unit has 3 registered sales; the first was AED 9,053,794 in May 2022.

What is the rent for unit 1901?

AED 512,118 a year on the contract signed on 28 January 2023. The previous contract, from January 2022, was AED 494,500; the unit has been rented since January 2018.

How big is unit 1901?

4,922 sqft (457.3 sqm): a four-bedroom apartment on the 19th floor of a 22-storey tower completed in 2016.

What is unit 1901 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 1901, Residence 22 (Formerly Fareed Tower)

Starts from the last sale price (AED 16.26M, 24 April 2025). Switch to today's estimate once you have unlocked it.
Price
AED 16,260,068
Deposit, UAE resident (20%)
AED 3,252,014
Deposit, non-resident (40%)
AED 6,504,027
Monthly over 25 years at 3.7%
AED 66,525

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