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Studio · 520 sqftFortunato, Jumeirah Village Circle (JVC) · 2nd floor · completed 2014

245, Fortunato

Sold prices and rental history: sold 3 times, last in September 2017, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 245 · DLD and Ejari recordsUpdated 1 October 2020
Last soldAED 510K5 September 2017
Current rentAED 27K /yr1 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 245, Fortunato

What is 245 worth today?

Last sold for AED 510,000 in 2017

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1 Oct 2020RentedNew contract
AED 27,000/yr12 months · AED 52 per sqft
1 Oct 2019RentedRenewal
AED 35,000/yr12 months · AED 68 per sqft
1 Oct 2018RentedRenewal
AED 40,000/yr12 months · AED 77 per sqft
1 Oct 2017RentedNew contract
AED 45,000/yr12 months · AED 87 per sqft
5 Sep 2017SoldReady
AED 510,000AED 979 per sqft
2 Jun 2015SoldReady
AED 585,000AED 1,124 per sqft
25 May 2009Sold by developerOff-plan
AED 395,000AED 758 per sqft

Source: Dubai Land Department. Updated 1 October 2020.

Key facts

Type
Studio apartment
Size
520 sqft
Floor
2nd of 4
Parking
B-207
Developer
Al Tajir Real Estate
Completed
2014
Service charge
AED 5,400 /yr
Last sold
AED 510K · September 2017
Building
Fortunato

About 245, Fortunato

245 is a studio of 520 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 5 September 2017 for AED 510,000, or AED 979 per sqft, in line with the AED 986 studios in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 1 October 2020, is AED 27,000 a year: a gross yield of 5.3% on the 2017 price, before the service charge of about AED 5,400 a year.

Sales and rents for 245 over time

Sales
Unit 245, each saleTypical studio in Fortunato
400K600K2009201420192024Typical 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, May 2009: AED 395,000 (AED 758 per sqft)Sold, June 2015: AED 585,000 (AED 1,124 per sqft)Sold, September 2017: AED 510,000 (AED 979 per sqft)

245 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 245, 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 2017: AED 45,000 a yearRenewal, October 2018: AED 40,000 a yearRenewal, October 2019: AED 35,000 a yearNew contract, October 2020: AED 27,000 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 245 sits

All 48 studios →

245 last sold in September 2017 at AED 979 per sqft, in line with what studios in Fortunato were fetching at the time (AED 986). 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. 245's AED 27,000 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

245, Fortunato in numbers

  • Sold 3 times: first on 25 May 2009 for AED 395,000, last on 5 September 2017 for AED 510,000 (AED 979 per sqft).
  • Rented since October 2017 on 4 Ejari contracts, from AED 45,000 to AED 27,000 a year.
  • At AED 27,000 a year the gross yield on the 2017 price is 5.3%, before a service charge of about AED 5,400 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 1 October 2020.

Questions about 245, Fortunato

What did unit 245 last sell for?

AED 510,000 on 5 September 2017: AED 979 per sqft for 520 sqft. The unit has 3 registered sales; the first was AED 395,000 in May 2009.

What is the rent for unit 245?

AED 27,000 a year on the contract signed on 1 October 2020. The previous contract, from October 2019, was AED 35,000; the unit has been rented since October 2017.

How big is unit 245?

520 sqft (48.3 sqm): a studio on the 2nd floor of a 4-storey tower completed in 2014.

What is unit 245 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 245, Fortunato

Starts from the last sale price (AED 510K, 5 September 2017). Switch to today's estimate once you have unlocked it.
Price
AED 510,000
Deposit, UAE resident (20%)
AED 102,000
Deposit, non-resident (40%)
AED 204,000
Monthly over 25 years at 3.7%
AED 2,087

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