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

240, Fortunato

Sold prices and rental history: sold 4 times, last in November 2022, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 240 · DLD and Ejari recordsUpdated 17 August 2026
Last soldAED 375K22 November 2022
Current rentAED 36K /yr17 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 240, Fortunato

What is 240 worth today?

Last sold for AED 375,000 in 2022

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17 Aug 2026RentedNew contract
AED 35,807/yr12 months · AED 85 per sqft
15 Jun 2026RentedRenewal
AED 55,000/yr12 months · AED 128 per sqft
15 Jun 2025RentedRenewal
AED 45,000/yr12 months · AED 105 per sqft
15 Jun 2025RentedRenewal
AED 57,839/yr12 months · AED 134 per sqft
15 Jun 2024RentedRenewal
AED 45,000/yr12 months · AED 105 per sqft
15 Jun 2023RentedNew contract
AED 45,000/yr12 months · AED 105 per sqft
22 Nov 2022SoldReady
AED 375,000AED 881 per sqft
1 Nov 2022RentedRenewal
AED 33,000/yr6 months · AED 77 per sqft

Source: Dubai Land Department. Updated 17 August 2026.

Key facts

Type
Studio apartment
Size
426 sqft
Floor
2nd of 4
Parking
B-240
Developer
Al Tajir Real Estate
Completed
2014
Service charge
AED 4,400 /yr
Last sold
AED 375K · November 2022
Building
Fortunato

About 240, Fortunato

240 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. It last sold on 22 November 2022 for AED 375,000, or AED 881 per sqft.

It has been rented continuously since 2017 on 12 Ejari contracts. The current contract, signed on 17 August 2026, is AED 35,807 a year: a gross yield of 9.6% on the 2022 price, before the service charge of about AED 4,400 a year.

Sales and rents for 240 over time

Sales
Unit 240, each saleTypical studio in Fortunato
200K400K2009201420192024Typical 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, September 2013: AED 236,720 (AED 556 per sqft)Sold, January 2014: AED 325,000 (AED 763 per sqft)Sold, March 2019: AED 405,000 (AED 951 per sqft)Sold, November 2022: AED 375,000 (AED 881 per sqft)

240 has sold 4 times; the dashed line is the studio median of each year in the building.

Rents
Unit 240, each contractTypical studio in Fortunato
20K40K60K2015201920232027Typical 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, September 2017: AED 50,043 a yearNew contract, August 2018: AED 44,879 a yearNew contract, September 2019: AED 38,000 a yearRenewal, September 2020: AED 27,000 a yearNew contract, November 2021: AED 30,000 a yearRenewal, November 2022: AED 33,000 a yearNew contract, June 2023: AED 45,000 a yearRenewal, June 2024: AED 45,000 a yearRenewal, June 2025: AED 45,000 a yearRenewal, June 2025: AED 57,839 a yearRenewal, June 2026: AED 55,000 a yearNew contract, August 2026: AED 35,807 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 240 sits

All 48 studios →

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. 240's AED 35,807 is at the bottom 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

240, Fortunato in numbers

  • Sold 4 times: first on 23 September 2013 for AED 236,720, last on 22 November 2022 for AED 375,000 (AED 881 per sqft).
  • Rented since September 2017 on 12 Ejari contracts. The rent fell from AED 50,043 to AED 27,000 in 2020 and recovered to AED 35,807 by August 2026.
  • At AED 35,807 a year the gross yield on the 2022 price is 9.6%, 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 17 August 2026.

Questions about 240, Fortunato

What did unit 240 last sell for?

AED 375,000 on 22 November 2022: AED 881 per sqft for 426 sqft. The unit has 4 registered sales; the first was AED 236,720 in September 2013.

What is the rent for unit 240?

AED 35,807 a year on the contract signed on 17 August 2026. The previous contract, from June 2026, was AED 55,000; the unit has been rented since September 2017.

How big is unit 240?

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

What is unit 240 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 240, Fortunato

Starts from the last sale price (AED 375K, 22 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 375,000
Deposit, UAE resident (20%)
AED 75,000
Deposit, non-resident (40%)
AED 150,000
Monthly over 25 years at 3.7%
AED 1,534

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