501, 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 501, Residence 22 (Formerly Fareed Tower)
What is 501 worth today?
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Source: Dubai Land Department. Updated 24 April 2025.
Key facts
- Type
- 4-bed apartment
- Size
- 4,781 sqft
- Floor
- 5th of 22
- Parking
- B1-09,B1-10
- Completed
- 2016
- Last sold
- AED 15.79M · April 2025
About 501, Residence 22 (Formerly Fareed Tower)
501 is a four-bedroom apartment of 4,781 sqft on the 5th 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 since 2017 on 3 Ejari contracts. The current contract, renewed on 21 June 2022, is AED 540,000 a year: a gross yield of 3.4% on the 2025 price.
Sales and rents for 501 over time
501 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 501 sits
All 19 4-beds →501 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
501, Residence 22 (Formerly Fareed Tower) in numbers
- Sold 3 times: first on 26 May 2022 for AED 8,794,454, last on 24 April 2025 for AED 15,794,286 (AED 3,303 per sqft).
- Rented since June 2017 on 3 Ejari contracts, from AED 450,000 to AED 540,000 a year.
- At AED 540,000 a year the gross yield on the 2025 price is 3.4%.
Source: Dubai Land Department. Updated 24 April 2025.
Questions about 501, Residence 22 (Formerly Fareed Tower)
What did unit 501 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 8,794,454 in May 2022.
What is the rent for unit 501?
AED 540,000 a year on the contract renewed on 21 June 2022. The previous contract, from June 2021, was AED 450,000; the unit has been rented since June 2017.
How big is unit 501?
4,781 sqft (444.2 sqm): a four-bedroom apartment on the 5th floor of a 22-storey tower completed in 2016.
What is unit 501 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 501, 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 →