201-A, Residence 22 (Formerly Fareed Tower)
Sold prices and rental history: sold twice, last in October 2024, 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 201-A, Residence 22 (Formerly Fareed Tower)
What is 201-A worth today?
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Source: Dubai Land Department. Updated 1 October 2024.
Key facts
- Type
- Studio apartment
- Size
- 2,252 sqft
- Floor
- 2nd of 22
- Parking
- B3-07, B3-08
- Completed
- 2016
- Last sold
- AED 6.78M · October 2024
About 201-A, Residence 22 (Formerly Fareed Tower)
201-A is a studio of 2,252 sqft on the 2nd floor of Residence 22 (Formerly Fareed Tower), a 22-storey tower in Business Bay completed in 2016. It last sold on 1 October 2024 for AED 6,784,000, or AED 3,011 per sqft.
It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 20 November 2021, is AED 120,000 a year: a gross yield of 1.8% on the 2024 price.
Studios in Residence 22 (Formerly Fareed Tower), and where 201-A sits
All 2 studios →| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Apr 202524 April 2025 | 1,808 sqft | 5,971,613 | 3,303 | ||
| 1 Oct 20241 October 2024 | 1,808 sqft | 5,504,000 | 3,044 | ||
| 26 May 202226 May 2022 | 1,808 sqft | 3,325,068 | 1,839 |
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
Other units on the 2nd floor
All 23 units in Residence 22 (Formerly Fareed Tower)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201-B | Studio | 1,808 sqft | AED 5.97MAED 5,971,613 · Apr 2025April 2025 | 190,000 /yr |
201-A, Residence 22 (Formerly Fareed Tower) in numbers
- Sold twice: first on 26 May 2022 for AED 4,142,927, last on 1 October 2024 for AED 6,784,000 (AED 3,011 per sqft).
- Rented since January 2018 on 4 Ejari contracts, at AED 120,000 a year.
- At AED 120,000 a year the gross yield on the 2024 price is 1.8%.
Source: Dubai Land Department. Updated 1 October 2024.
Questions about 201-A, Residence 22 (Formerly Fareed Tower)
What did unit 201-A last sell for?
AED 6,784,000 on 1 October 2024: AED 3,011 per sqft for 2,252 sqft. The unit has 2 registered sales; the first was AED 4,142,927 in May 2022.
What is the rent for unit 201-A?
AED 120,000 a year on the contract signed on 20 November 2021. The previous contract, from January 2020, was AED 110,000; the unit has been rented since January 2018.
How big is unit 201-A?
2,252 sqft (209.2 sqm): a studio on the 2nd floor of a 22-storey tower completed in 2016.
What is unit 201-A 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 201-A, Residence 22 (Formerly Fareed Tower)
Starts from the last sale price (AED 6.78M, 1 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 6,784,000
- Deposit, UAE resident (20%)
- AED 1,356,800
- Deposit, non-resident (40%)
- AED 2,713,600
- Monthly over 25 years at 3.7%
- AED 27,755
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →