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Studio · 426 sqftFortunato, Jumeirah Village Circle (JVC) · 2nd floor · completed 2014

224, Fortunato

Sold prices and rental history: sold once, by the developer in August 2009, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 224 · DLD and Ejari recordsUpdated 31 July 2025
Last soldAED 306K13 August 2009
Current rentAED 45K /yr31 July 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 224, Fortunato

What is 224 worth today?

Last sold for AED 305,584 in 2009

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31 Jul 2025RentedRenewal
AED 45,000/yr12 months · AED 105 per sqft
31 Jul 2024RentedNew contract
AED 45,000/yr12 months · AED 105 per sqft
20 Nov 2023RentedRenewal
AED 28,750/yr12 months · AED 67 per sqft
20 Nov 2022RentedRenewal
AED 25,000/yr12 months · AED 58 per sqft
20 Nov 2021RentedNew contract
AED 23,000/yr12 months · AED 53 per sqft
15 Oct 2019RentedNew contract
AED 31,000/yr12 months · AED 73 per sqft
13 Aug 2009Sold by developerOff-plan
AED 305,584AED 718 per sqft

Source: Dubai Land Department. Updated 31 July 2025.

Key facts

Type
Studio apartment
Size
426 sqft
Floor
2nd of 4
Parking
B-288
Developer
Al Tajir Real Estate
Completed
2014
Service charge
AED 4,400 /yr
Last sold
AED 306K · August 2009
Building
Fortunato

About 224, Fortunato

224 is a studio of 426 sqft on the 2nd floor of Fortunato, a 4-storey tower in Jumeirah Village Circle (JVC) completed in 2014 by Al Tajir Real Estate. The developer sold it on 13 August 2009 for AED 305,584, or AED 718 per sqft, 7% below the AED 768 studios in the building were fetching at the time.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 31 July 2025, is AED 45,000 a year: a gross yield of 14.7% on the 2009 price, before the service charge of about AED 4,400 a year.

Sales and rents for 224 over time

Sales
Unit 224, each saleTypical studio in Fortunato
400K2009201420192024Typical sale price by year: 2009 AED 395,000; 2013 AED 289,982; 2014 AED 490,000; 2015 AED 540,000; 2016 AED 490,000; 2017 AED 510,000; 2018 AED 410,000; 2019 AED 385,000; 2024 AED 455,000; 2025 AED 498,500Sold by developer, August 2009: AED 305,584 (AED 718 per sqft)

224 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 224, each contractTypical studio in Fortunato
20K40K20152018202120242027Typical rent by year: 2015 AED 50,000; 2016 AED 50,000; 2017 AED 46,000; 2018 AED 40,000; 2019 AED 35,000; 2020 AED 27,750; 2021 AED 24,500; 2022 AED 27,950; 2023 AED 32,000; 2024 AED 42,000; 2025 AED 45,000; 2026 AED 42,000New contract, October 2019: AED 31,000 a yearNew contract, November 2021: AED 23,000 a yearRenewal, November 2022: AED 25,000 a yearRenewal, November 2023: AED 28,750 a yearNew contract, July 2024: AED 45,000 a yearRenewal, July 2025: AED 45,000 a year

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

Studios in Fortunato, and where 224 sits

All 48 studios →

224 last sold in August 2009 at AED 718 per sqft, 7% below what studios in Fortunato were fetching at the time (AED 768). Over the last 12 months studios sold for AED 497,000 to 550,000, around AED 1,120 per sqft, and rent for AED 35,807 to 60,000 a year. 224's AED 45,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
22 Jun 202618,955
29 Jan 2026550,000
10 Nov 2025497,000
15 Aug 2025530,000
3 studio sales in the last 12 months

Fortunato

Building

325 apartments, studios to 4-bed over 4 floors in Jumeirah Village Circle (JVC), completed in 2014 by Al Tajir Real Estate. 18 sold in the last 12 months.

Typical price per sqft
AED 869 Up 3.3%
Typical sale
AED 950K
Typical rent
AED 65K /yr
Typical yield
8.4%
Fortunato, Jumeirah Village Circle (JVC): prices, sales and rents →

Other units on the 2nd floor

All 325 units in Fortunato
Value
2011-bedAED 380K · Dec 2022
2021-bedAED 480K · Jul 2015
2032-bedAED 1M · Jun 2023
204StudioAED 497K · Nov 2025
2052-bedAED 1.26M · Jun 2015
2061-bedAED 600K · Jun 2023
2071-bedAED 593K · Aug 2009
1–7 of 87

224, Fortunato in numbers

  • Sold once: by Al Tajir Real Estate on 13 August 2009 for AED 305,584, or AED 718 per sqft.
  • Rented since October 2019 on 6 Ejari contracts. The rent fell from AED 31,000 to AED 23,000 in 2021 and recovered to AED 45,000 by July 2025.
  • At AED 45,000 a year the gross yield on the 2009 price is 14.7%, before a service charge of about AED 4,400 a year (AED 10.28 per sqft).
  • Studios in Fortunato sold for AED 497,000–550,000 in the 12 months to November 2026; the building's median across all types is AED 869 per sqft.

Source: Dubai Land Department. Updated 31 July 2025.

Questions about 224, Fortunato

What did unit 224 last sell for?

AED 305,584 on 13 August 2009, sold by the developer: AED 718 per sqft for 426 sqft. It is the only registered sale of the unit.

What is the rent for unit 224?

AED 45,000 a year on the contract renewed on 31 July 2025. The previous contract, from July 2024, was AED 45,000; the unit has been rented since October 2019.

How big is unit 224?

426 sqft (39.6 sqm): a studio on the 2nd floor of a 4-storey tower completed in 2014.

What is unit 224 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Fortunato sold for AED 497,000 to 550,000 in the last 12 months, around AED 1,120 per sqft.

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Mortgage on 224, Fortunato

Starts from the last sale price (AED 306K, 13 August 2009). Switch to today's estimate once you have unlocked it.
Price
AED 305,584
Deposit, UAE resident (20%)
AED 61,117
Deposit, non-resident (40%)
AED 122,234
Monthly over 25 years at 3.7%
AED 1,250

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