2-bed · 1,302 sqftFairfield, Dubai Marina · 16th floor · completed 2010

1603, Fairfield

Sold prices and rental history: sold twice, last in November 2011, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1603 · DLD and Ejari recordsUpdated 17 May 2021
Last soldAED 1.75M10 November 2011
Current rentAED 100K /yr17 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1603, Fairfield

What is 1603 worth today?

Last sold for AED 1,749,888 in 2011

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17 May 2021RentedRenewal
AED 100,000/yr12 months · AED 77 per sqft
17 May 2020RentedRenewal
AED 100,000/yr12 months · AED 77 per sqft
17 May 2019RentedNew contract
AED 112,500/yr12 months · AED 86 per sqft
17 May 2018RentedNew contract
AED 125,000/yr12 months · AED 96 per sqft
6 Apr 2016RentedRenewal
AED 165,000/yr12 months · AED 127 per sqft
6 Apr 2015RentedNew contract
AED 165,000/yr12 months · AED 127 per sqft
10 Nov 2011SoldReady
AED 1,749,888AED 1,343 per sqft
25 Oct 2009Sold by developerOff-plan
AED 1,749,888AED 1,343 per sqft

Source: Dubai Land Department. Updated 17 May 2021.

Key facts

Type
2-bed apartment
Size
1,302 sqft
Floor
16th of 31
Parking
P1-1159
Developer
Emaar
Completed
2010
Service charge
AED 16,800 /yr
Last sold
AED 1.75M · November 2011
Building
Fairfield

About 1603, Fairfield

1603 is a two-bedroom apartment of 1,302 sqft on the 16th floor of Fairfield, a 31-storey tower in Dubai Marina completed in 2010 by Emaar. It last sold on 10 November 2011 for AED 1,749,888, or AED 1,343 per sqft, 21% above the AED 1,109 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, renewed on 17 May 2021, is AED 100,000 a year: a gross yield of 5.7% on the 2011 price, before the service charge of about AED 16,800 a year.

Sales and rents for 1603 over time

Sales
Unit 1603, each saleTypical two-bed in Fairfield
2M3M2009201420192024Typical sale price by year: 2009 AED 1,481,888; 2010 AED 1,636,888; 2011 AED 1,550,000; 2012 AED 1,675,000; 2013 AED 2,000,000; 2014 AED 2,900,000; 2015 AED 2,675,000; 2016 AED 2,737,500; 2017 AED 2,575,000; 2018 AED 2,290,000; 2020 AED 1,750,000; 2021 AED 1,850,000; 2022 AED 2,305,000; 2023 AED 2,550,000; 2024 AED 2,725,000; 2025 AED 3,000,000; 2026 AED 3,200,000Sold by developer, October 2009: AED 1,749,888 (AED 1,343 per sqft)Sold, November 2011: AED 1,749,888 (AED 1,343 per sqft)

1603 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1603, each contractTypical two-bed in Fairfield
100K150K2012201620202024Typical rent by year: 2012 AED 115,000; 2013 AED 140,000; 2014 AED 160,000; 2015 AED 160,000; 2016 AED 160,216; 2017 AED 155,000; 2018 AED 140,000; 2019 AED 125,000; 2020 AED 105,000; 2021 AED 110,000; 2022 AED 123,750; 2023 AED 150,000; 2024 AED 160,000; 2025 AED 160,000; 2026 AED 160,000New contract, April 2015: AED 165,000 a yearRenewal, April 2016: AED 165,000 a yearNew contract, May 2018: AED 125,000 a yearNew contract, May 2019: AED 112,500 a yearRenewal, May 2020: AED 100,000 a yearRenewal, May 2021: AED 100,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Fairfield, and where 1603 sits

All 93 2-beds →

1603 last sold in November 2011 at AED 1,343 per sqft, 21% above what two-beds in Fairfield were fetching at the time (AED 1,109). Over the last 12 months two-beds sold for AED 2,625,000 to 3,350,000, around AED 2,162 per sqft, and rent for AED 100,000 to 365,000 a year. 1603's AED 100,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
17 Aug 20263,200,000
28 Jul 20263,200,000
22 Apr 20263,350,000
21 Apr 20262,625,000
5 2-bed sales in the last 12 months

Fairfield

Building

189 apartments, 1-bed to 3-bed over 31 floors in Dubai Marina, completed in 2010 by Emaar. 14 sold in the last 12 months.

Typical price per sqft
AED 2,162 Down 7.2%
Typical sale
AED 2.35M
Typical rent
AED 118K /yr
Typical yield
5.5%
Fairfield, Dubai Marina: prices, sales and rents →

Other units on the 16th floor

All 189 units in Fairfield
Value
16012-bedAED 2.45M · Mar 2013
16022-bedAED 1.66M · Jan 2012
16041-bedAED 1.45M · May 2023
16051-bedAED 2.1M · Apr 2026
16061-bedAED 2.1M · Jun 2025

1603, Fairfield in numbers

  • Sold twice: first on 25 October 2009 for AED 1,749,888, last on 10 November 2011 for AED 1,749,888 (AED 1,343 per sqft).
  • Rented since April 2015 on 6 Ejari contracts, from AED 165,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2011 price is 5.7%, before a service charge of about AED 16,800 a year (AED 12.92 per sqft).
  • Two-beds in Fairfield sold for AED 2,625,000–3,350,000 in the 12 months to November 2026; the building's median across all types is AED 2,162 per sqft.

Source: Dubai Land Department. Updated 17 May 2021.

Questions about 1603, Fairfield

What did unit 1603 last sell for?

AED 1,749,888 on 10 November 2011: AED 1,343 per sqft for 1,302 sqft. The unit has 2 registered sales; the first was AED 1,749,888 in October 2009.

What is the rent for unit 1603?

AED 100,000 a year on the contract renewed on 17 May 2021. The previous contract, from May 2020, was AED 100,000; the unit has been rented since April 2015.

How big is unit 1603?

1,302 sqft (121.0 sqm): a two-bedroom apartment on the 16th floor of a 31-storey tower completed in 2010.

What is unit 1603 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Fairfield sold for AED 2,625,000 to 3,350,000 in the last 12 months, around AED 2,162 per sqft.

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Mortgage on 1603, Fairfield

Starts from the last sale price (AED 1.75M, 10 November 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,749,888
Deposit, UAE resident (20%)
AED 349,978
Deposit, non-resident (40%)
AED 699,955
Monthly over 25 years at 3.7%
AED 7,159

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