2-bed · 1,302 sqftFairfield, Dubai Marina · 7th floor · completed 2010

703, Fairfield

Sold prices and rental history: sold 3 times, last in May 2012, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 25 August 2023
Last soldAED 1.48M15 May 2012
Current rentAED 110K /yr25 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 703, Fairfield

What is 703 worth today?

Last sold for AED 1,479,000 in 2012

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25 Aug 2023RentedRenewal
AED 110,244/yr10 months · AED 85 per sqft
25 Aug 2022RentedRenewal
AED 110,000/yr12 months · AED 84 per sqft
25 Jul 2021RentedRenewal
AED 100,000/yr13 months · AED 77 per sqft
25 Jun 2020RentedNew contract
AED 100,000/yr13 months · AED 77 per sqft
30 Oct 2019RentedRenewal
AED 125,000/yr12 months · AED 96 per sqft
30 Oct 2018RentedRenewal
AED 135,000/yr12 months · AED 104 per sqft
30 Oct 2017RentedNew contract
AED 135,000/yr12 months · AED 104 per sqft
14 Sep 2014RentedNew contract
AED 165,000/yr12 months · AED 127 per sqft

Source: Dubai Land Department. Updated 25 August 2023.

Key facts

Type
2-bed apartment
Size
1,302 sqft
Floor
7th of 31
Parking
P2-2201
Developer
Emaar
Completed
2010
Service charge
AED 16,800 /yr
Last sold
AED 1.48M · May 2012
Building
Fairfield

About 703, Fairfield

703 is a two-bedroom apartment of 1,302 sqft on the 7th floor of Fairfield, a 31-storey tower in Dubai Marina completed in 2010 by Emaar. It last sold on 15 May 2012 for AED 1,479,000, or AED 1,135 per sqft, in line with the AED 1,126 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 9 Ejari contracts. The current contract, renewed on 25 August 2023, is AED 110,244 a year: a gross yield of 7.4% on the 2012 price, before the service charge of about AED 16,800 a year.

Sales and rents for 703 over time

Sales
Unit 703, 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, July 2010: AED 1,479,000 (AED 1,135 per sqft)Sold, July 2010: AED 1,479,000 (AED 1,135 per sqft)Sold, May 2012: AED 1,479,000 (AED 1,135 per sqft)

703 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 703, 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, November 2012: AED 115,000 a yearNew contract, September 2014: AED 165,000 a yearNew contract, October 2017: AED 135,000 a yearRenewal, October 2018: AED 135,000 a yearRenewal, October 2019: AED 125,000 a yearNew contract, June 2020: AED 100,000 a yearRenewal, July 2021: AED 100,000 a yearRenewal, August 2022: AED 110,000 a yearRenewal, August 2023: AED 110,244 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 703 sits

All 93 2-beds →

703 last sold in May 2012 at AED 1,135 per sqft, in line with what two-beds in Fairfield were fetching at the time (AED 1,126). 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. 703's AED 110,244 is in the lower half 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 7th floor

All 189 units in Fairfield
Value
7012-bedAED 2.58M · Dec 2016
7022-bedAED 2.3M · Sep 2018
7041-bedAED 1.16M · Dec 2012
7051-bedAED 872K · Feb 2011
7061-bedAED 1.8M · Aug 2023

703, Fairfield in numbers

  • Sold 3 times: first on 18 July 2010 for AED 1,479,000, last on 15 May 2012 for AED 1,479,000 (AED 1,135 per sqft).
  • Rented since November 2012 on 9 Ejari contracts. The rent fell from AED 115,000 to AED 100,000 in 2021 and recovered to AED 110,244 by August 2023.
  • At AED 110,244 a year the gross yield on the 2012 price is 7.4%, 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 25 August 2023.

Questions about 703, Fairfield

What did unit 703 last sell for?

AED 1,479,000 on 15 May 2012: AED 1,135 per sqft for 1,302 sqft. The unit has 3 registered sales; the first was AED 1,479,000 in July 2010.

What is the rent for unit 703?

AED 110,244 a year on the contract renewed on 25 August 2023. The previous contract, from August 2022, was AED 110,000; the unit has been rented since November 2012.

How big is unit 703?

1,302 sqft (121.0 sqm): a two-bedroom apartment on the 7th floor of a 31-storey tower completed in 2010.

What is unit 703 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 703, Fairfield

Starts from the last sale price (AED 1.48M, 15 May 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,479,000
Deposit, UAE resident (20%)
AED 295,800
Deposit, non-resident (40%)
AED 591,600
Monthly over 25 years at 3.7%
AED 6,051

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