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Studio · 501 sqftFortunato, Jumeirah Village Circle (JVC) · 2nd floor · completed 2014

248, Fortunato

Sold prices and rental history: sold 5 times, last in March 2025, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 248 · DLD and Ejari recordsUpdated 15 July 2026
Last soldAED 560K12 March 2025
Current rentAED 60K /yr15 July 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 248, Fortunato

What is 248 worth today?

Last sold for AED 560,000 in 2025

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15 Jul 2026RentedNew contract
AED 60,000/yr12 months · AED 119 per sqft
12 Mar 2025SoldReady
AED 560,000AED 1,118 per sqft
11 Oct 2024SoldReady
AED 400,000AED 798 per sqft
17 Jan 2024SoldReady
AED 380,000AED 758 per sqft
1 Apr 2022RentedNew contract
AED 25,000/yr12 months · AED 49 per sqft
20 Oct 2020RentedRenewal
AED 28,000/yr12 months · AED 55 per sqft
20 Oct 2019RentedNew contract
AED 32,000/yr12 months · AED 63 per sqft
20 Apr 2019RentedNew contract
AED 40,000/yr12 months · AED 79 per sqft

Source: Dubai Land Department. Updated 15 July 2026.

Key facts

Type
Studio apartment
Size
501 sqft
Floor
2nd of 4
Parking
B-210
Developer
Al Tajir Real Estate
Completed
2014
Service charge
AED 5,100 /yr
Last sold
AED 560K · March 2025
Building
Fortunato

About 248, Fortunato

248 is a studio of 501 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 12 March 2025 for AED 560,000, or AED 1,118 per sqft, 9% above the AED 1,028 studios in the building were fetching at the time.

It has been rented continuously since 2015 on 9 Ejari contracts. The current contract, signed on 15 July 2026, is AED 60,000 a year: a gross yield of 10.7% on the 2025 price, before the service charge of about AED 5,100 a year.

Sales and rents for 248 over time

Sales
Unit 248, 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, April 2009: AED 395,000 (AED 788 per sqft)Sold, February 2019: AED 430,000 (AED 858 per sqft)Sold, January 2024: AED 380,000 (AED 758 per sqft)Sold, October 2024: AED 400,000 (AED 798 per sqft)Sold, March 2025: AED 560,000 (AED 1,118 per sqft)

248 has sold 5 times; the dashed line is the studio median of each year in the building.

Rents
Unit 248, 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, April 2015: AED 50,000 a yearNew contract, April 2016: AED 50,000 a yearRenewal, April 2017: AED 50,000 a yearRenewal, April 2018: AED 45,000 a yearNew contract, April 2019: AED 40,000 a yearNew contract, October 2019: AED 32,000 a yearRenewal, October 2020: AED 28,000 a yearNew contract, April 2022: AED 25,000 a yearNew contract, July 2026: AED 60,000 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 248 sits

All 48 studios →

248 last sold in March 2025 at AED 1,118 per sqft, 9% above what studios in Fortunato were fetching at the time (AED 1,028). 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. 248's AED 60,000 is at the top 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

248, Fortunato in numbers

  • Sold 5 times: first on 26 April 2009 for AED 395,000, last on 12 March 2025 for AED 560,000 (AED 1,118 per sqft).
  • Rented since April 2015 on 9 Ejari contracts. The rent fell from AED 50,000 to AED 25,000 in 2022 and recovered to AED 60,000 by July 2026.
  • At AED 60,000 a year the gross yield on the 2025 price is 10.7%, before a service charge of about AED 5,100 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 15 July 2026.

Questions about 248, Fortunato

What did unit 248 last sell for?

AED 560,000 on 12 March 2025: AED 1,118 per sqft for 501 sqft. The unit has 5 registered sales; the first was AED 395,000 in April 2009.

What is the rent for unit 248?

AED 60,000 a year on the contract signed on 15 July 2026. The previous contract, from April 2022, was AED 25,000; the unit has been rented since April 2015.

How big is unit 248?

501 sqft (46.5 sqm): a studio on the 2nd floor of a 4-storey tower completed in 2014.

What is unit 248 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 248, Fortunato

Starts from the last sale price (AED 560K, 12 March 2025). Switch to today's estimate once you have unlocked it.
Price
AED 560,000
Deposit, UAE resident (20%)
AED 112,000
Deposit, non-resident (40%)
AED 224,000
Monthly over 25 years at 3.7%
AED 2,291

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