201-B, Residence 22 (Formerly Fareed Tower)
Sold prices and rental history: sold 3 times, last in April 2025, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 201-B, Residence 22 (Formerly Fareed Tower)
What is 201-B worth today?
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Source: Dubai Land Department. Updated 24 April 2025.
Key facts
- Type
- Studio apartment
- Size
- 1,808 sqft
- Floor
- 2nd of 22
- Parking
- B3-08,B3-09,B3-10,B3-11,B3-12,B3-13,B3-14,B3-15,B3-16,B3-17,B3-18,B3-19,B3-20,B3-21,B3-22
- Completed
- 2016
- Last sold
- AED 5.97M · April 2025
About 201-B, Residence 22 (Formerly Fareed Tower)
201-B is a studio of 1,808 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 24 April 2025 for AED 5,971,613, or AED 3,303 per sqft, 9% above the AED 3,044 studios in the building were fetching at the time.
It has been rented since 2017 on 2 Ejari contracts. The current contract, signed on 15 April 2021, is AED 190,000 a year: a gross yield of 3.2% on the 2025 price.
Studios in Residence 22 (Formerly Fareed Tower), and where 201-B sits
All 2 studios →201-B last sold in April 2025 at AED 3,303 per sqft, 9% above what studios in Residence 22 (Formerly Fareed Tower) were fetching at the time (AED 3,044).
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 1 Oct 20241 October 2024 | 2,252 sqft | 6,784,000 | 3,011 | ||
| 26 May 202226 May 2022 | 2,252 sqft | 4,142,927 | 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-A | Studio | 2,252 sqft | AED 6.78MAED 6,784,000 · Oct 2024October 2024 | 120,000 /yr |
201-B, Residence 22 (Formerly Fareed Tower) in numbers
- Sold 3 times: first on 26 May 2022 for AED 3,325,068, last on 24 April 2025 for AED 5,971,613 (AED 3,303 per sqft).
- Rented since May 2017 on 2 Ejari contracts, from AED 250,000 to AED 190,000 a year.
- At AED 190,000 a year the gross yield on the 2025 price is 3.2%.
Source: Dubai Land Department. Updated 24 April 2025.
Questions about 201-B, Residence 22 (Formerly Fareed Tower)
What did unit 201-B last sell for?
AED 5,971,613 on 24 April 2025: AED 3,303 per sqft for 1,808 sqft. The unit has 3 registered sales; the first was AED 3,325,068 in May 2022.
What is the rent for unit 201-B?
AED 190,000 a year on the contract signed on 15 April 2021. The previous contract, from May 2017, was AED 250,000.
How big is unit 201-B?
1,808 sqft (168.0 sqm): a studio on the 2nd floor of a 22-storey tower completed in 2016.
What is unit 201-B 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-B, Residence 22 (Formerly Fareed Tower)
Starts from the last sale price (AED 5.97M, 24 April 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 5,971,613
- Deposit, UAE resident (20%)
- AED 1,194,323
- Deposit, non-resident (40%)
- AED 2,388,645
- Monthly over 25 years at 3.7%
- AED 24,432
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →