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1-bed · 504 sqftFortunato, Jumeirah Village Circle (JVC) · 2nd floor · completed 2014

229, Fortunato

Sold prices and rental history: sold once, by the developer in August 2009, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 229 · DLD and Ejari recordsUpdated 15 August 2024
Last soldAED 744K13 August 2009
Current rentAED 66K /yr15 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 229, Fortunato

What is 229 worth today?

Last sold for AED 743,820 in 2009

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15 Aug 2024RentedNew contract
AED 66,000/yr12 months · AED 65 per sqft
2 Aug 2023RentedNew contract
AED 59,000/yr12 months · AED 58 per sqft
15 Jan 2020RentedNew contract
AED 43,000/yr12 months · AED 42 per sqft
15 Jun 2019RentedNew contract
AED 48,000/yr13 months · AED 47 per sqft
12 Apr 2016RentedNew contract
AED 75,000/yr12 months · AED 74 per sqft
13 Aug 2009Sold by developerOff-plan
AED 743,820AED 738 per sqft

Source: Dubai Land Department. Updated 15 August 2024.

Key facts

Type
1-bed apartment
Size
504 sqft
Floor
2nd of 4
Parking
B-299
Developer
Al Tajir Real Estate
Completed
2014
Service charge
AED 5,200 /yr
Last sold
AED 744K · August 2009
Building
Fortunato

About 229, Fortunato

229 is a one-bedroom apartment of 504 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 743,820, or AED 738 per sqft, in line with the AED 733 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, signed on 15 August 2024, is AED 66,000 a year: a gross yield of 8.9% on the 2009 price, before the service charge of about AED 5,200 a year.

Sales and rents for 229 over time

Sales
Unit 229, each saleTypical one-bed in Fortunato
500K750K2009201420192024Typical sale price by year: 2009 AED 632,250; 2013 AED 447,616; 2014 AED 645,600; 2015 AED 800,000; 2016 AED 565,000; 2017 AED 710,000; 2018 AED 564,700; 2019 AED 536,500; 2020 AED 485,000; 2021 AED 499,999; 2022 AED 568,000; 2023 AED 650,000; 2024 AED 735,000; 2025 AED 850,000; 2026 AED 900,000Sold by developer, August 2009: AED 743,820 (AED 738 per sqft)

229 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 229, each contractTypical one-bed in Fortunato
40K60K80K20152018202120242027Typical rent by year: 2015 AED 72,000; 2016 AED 70,000; 2017 AED 68,000; 2018 AED 60,000; 2019 AED 52,000; 2020 AED 42,000; 2021 AED 38,750; 2022 AED 43,500; 2023 AED 53,000; 2024 AED 59,000; 2025 AED 65,000; 2026 AED 65,000New contract, April 2016: AED 75,000 a yearNew contract, June 2019: AED 48,000 a yearNew contract, January 2020: AED 43,000 a yearNew contract, August 2023: AED 59,000 a yearNew contract, August 2024: AED 66,000 a year

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

1-beds in Fortunato, and where 229 sits

All 152 1-beds →

229 last sold in August 2009 at AED 738 per sqft, in line with what one-beds in Fortunato were fetching at the time (AED 733). Over the last 12 months one-beds sold for AED 650,000 to 1,000,000, around AED 837 per sqft, and rent for AED 25,000 to 100,000 a year. 229's AED 66,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
27 Oct 2026850,000
6 Oct 2026900,000
19 Jun 2026780,000
15 May 2026650,000
8 1-bed 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

229, Fortunato in numbers

  • Sold once: by Al Tajir Real Estate on 13 August 2009 for AED 743,820, or AED 738 per sqft.
  • Rented since April 2016 on 5 Ejari contracts. The rent fell from AED 75,000 to AED 43,000 in 2020 and recovered to AED 66,000 by August 2024.
  • At AED 66,000 a year the gross yield on the 2009 price is 8.9%, before a service charge of about AED 5,200 a year (AED 10.28 per sqft).
  • One-beds in Fortunato sold for AED 650,000–1,000,000 in the 12 months to November 2026; the building's median across all types is AED 869 per sqft.

Source: Dubai Land Department. Updated 15 August 2024.

Questions about 229, Fortunato

What did unit 229 last sell for?

AED 743,820 on 13 August 2009, sold by the developer: AED 738 per sqft for 504 sqft. It is the only registered sale of the unit.

What is the rent for unit 229?

AED 66,000 a year on the contract signed on 15 August 2024. The previous contract, from August 2023, was AED 59,000; the unit has been rented since April 2016.

How big is unit 229?

504 sqft (46.8 sqm): a one-bedroom apartment on the 2nd floor of a 4-storey tower completed in 2014.

What is unit 229 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Fortunato sold for AED 650,000 to 1,000,000 in the last 12 months, around AED 837 per sqft.

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Mortgage on 229, Fortunato

Starts from the last sale price (AED 744K, 13 August 2009). Switch to today's estimate once you have unlocked it.
Price
AED 743,820
Deposit, UAE resident (20%)
AED 148,764
Deposit, non-resident (40%)
AED 297,528
Monthly over 25 years at 3.7%
AED 3,043

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