301, Residence 22 (Formerly Fareed Tower)
Sold prices and rental history: sold 3 times, last in April 2025, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 301, Residence 22 (Formerly Fareed Tower)
What is 301 worth today?
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Source: Dubai Land Department. Updated 24 April 2025.
Key facts
- Type
- 4-bed apartment
- Size
- 6,387 sqft
- Floor
- 3rd of 22
- Parking
- B1-01,B1-02
- Completed
- 2016
- Last sold
- AED 21.1M · April 2025
About 301, Residence 22 (Formerly Fareed Tower)
301 is a four-bedroom apartment of 6,387 sqft on the 3rd 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 21,097,093, 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 2017 on 8 Ejari contracts. The current contract, signed on 20 December 2021, is AED 650,000 a year: a gross yield of 3.1% on the 2025 price.
Sales and rents for 301 over time
301 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 301 sits
All 19 4-beds →301 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
301, Residence 22 (Formerly Fareed Tower) in numbers
- Sold 3 times: first on 26 May 2022 for AED 11,747,122, last on 24 April 2025 for AED 21,097,093 (AED 3,303 per sqft).
- Rented since June 2017 on 8 Ejari contracts. The rent fell from AED 600,000 to AED 429,999 in 2021 and recovered to AED 650,000 by December 2021.
- At AED 650,000 a year the gross yield on the 2025 price is 3.1%.
Source: Dubai Land Department. Updated 24 April 2025.
Questions about 301, Residence 22 (Formerly Fareed Tower)
What did unit 301 last sell for?
AED 21,097,093 on 24 April 2025: AED 3,303 per sqft for 6,387 sqft. The unit has 3 registered sales; the first was AED 11,747,122 in May 2022.
What is the rent for unit 301?
AED 650,000 a year on the contract signed on 20 December 2021. The previous contract, from August 2021, was AED 500,000; the unit has been rented since June 2017.
How big is unit 301?
6,387 sqft (593.4 sqm): a four-bedroom apartment on the 3rd floor of a 22-storey tower completed in 2016.
What is unit 301 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 301, Residence 22 (Formerly Fareed Tower)
Starts from the last sale price (AED 21.1M, 24 April 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 21,097,093
- Deposit, UAE resident (20%)
- AED 4,219,419
- Deposit, non-resident (40%)
- AED 8,438,837
- Monthly over 25 years at 3.7%
- AED 86,315
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →