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Studio · 514 sqftFortunato, Jumeirah Village Circle (JVC) · 2nd floor · completed 2014

253, Fortunato

Sold prices and rental history: sold 4 times, last in July 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 253 · DLD and Ejari recordsUpdated 16 July 2024
Last soldAED 535K16 July 2024
Current rentAED 38K /yr1 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 253, Fortunato

What is 253 worth today?

Last sold for AED 535,000 in 2024

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16 Jul 2024SoldReady
AED 535,000AED 1,041 per sqft
1 May 2021RentedRenewal
AED 38,000/yr12 months · AED 74 per sqft
1 May 2020RentedRenewal
AED 40,000/yr12 months · AED 77 per sqft
1 May 2019RentedRenewal
AED 46,000/yr12 months · AED 89 per sqft
1 May 2018RentedNew contract
AED 50,000/yr12 months · AED 97 per sqft
15 Feb 2015SoldOff-plan
AED 565,000AED 1,099 per sqft
10 Mar 2014SoldOff-plan
AED 525,000AED 1,022 per sqft
14 Aug 2009Sold by developerOff-plan
AED 395,000AED 768 per sqft

Source: Dubai Land Department. Updated 16 July 2024.

Key facts

Type
Studio apartment
Size
514 sqft
Floor
2nd of 4
Parking
B-91
Developer
Al Tajir Real Estate
Completed
2014
Service charge
AED 5,300 /yr
Last sold
AED 535K · July 2024
Building
Fortunato

About 253, Fortunato

253 is a studio of 514 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 16 July 2024 for AED 535,000, or AED 1,041 per sqft, 14% above the AED 916 studios in the building were fetching at the time.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, renewed on 1 May 2021, is AED 38,000 a year: a gross yield of 7.1% on the 2024 price, before the service charge of about AED 5,300 a year.

Sales and rents for 253 over time

Sales
Unit 253, 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, August 2009: AED 395,000 (AED 768 per sqft)Sold, March 2014: AED 525,000 (AED 1,022 per sqft)Sold, February 2015: AED 565,000 (AED 1,099 per sqft)Sold, July 2024: AED 535,000 (AED 1,041 per sqft)

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

Rents
Unit 253, 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, May 2018: AED 50,000 a yearRenewal, May 2019: AED 46,000 a yearRenewal, May 2020: AED 40,000 a yearRenewal, May 2021: AED 38,000 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 253 sits

All 48 studios →

253 last sold in July 2024 at AED 1,041 per sqft, 14% above what studios in Fortunato were fetching at the time (AED 916). 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. 253's AED 38,000 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

253, Fortunato in numbers

  • Sold 4 times: first on 14 August 2009 for AED 395,000, last on 16 July 2024 for AED 535,000 (AED 1,041 per sqft).
  • Rented since May 2018 on 4 Ejari contracts, from AED 50,000 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2024 price is 7.1%, before a service charge of about AED 5,300 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 16 July 2024.

Questions about 253, Fortunato

What did unit 253 last sell for?

AED 535,000 on 16 July 2024: AED 1,041 per sqft for 514 sqft. The unit has 4 registered sales; the first was AED 395,000 in August 2009.

What is the rent for unit 253?

AED 38,000 a year on the contract renewed on 1 May 2021. The previous contract, from May 2020, was AED 40,000; the unit has been rented since May 2018.

How big is unit 253?

514 sqft (47.8 sqm): a studio on the 2nd floor of a 4-storey tower completed in 2014.

What is unit 253 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 253, Fortunato

Starts from the last sale price (AED 535K, 16 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 535,000
Deposit, UAE resident (20%)
AED 107,000
Deposit, non-resident (40%)
AED 214,000
Monthly over 25 years at 3.7%
AED 2,189

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