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Studio · 517 sqftFortunato, Jumeirah Village Circle (JVC) · 2nd floor · completed 2014

259, Fortunato

Sold prices and rental history: sold 3 times, last in April 2016, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 259 · DLD and Ejari recordsUpdated 1 August 2024
Last soldAED 550K12 April 2016
Current rentAED 33K /yr1 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 259, Fortunato

What is 259 worth today?

Last sold for AED 550,000 in 2016

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1 Aug 2024RentedRenewal
AED 33,000/yr12 months · AED 64 per sqft
1 Jun 2024RentedNew contract
AED 42,000/yr12 months · AED 81 per sqft
1 Aug 2023RentedRenewal
AED 30,800/yr12 months · AED 60 per sqft
1 Aug 2022RentedNew contract
AED 28,000/yr12 months · AED 54 per sqft
15 Mar 2019RentedNew contract
AED 36,000/yr12 months · AED 70 per sqft
10 Jun 2017RentedNew contract
AED 52,000/yr12 months · AED 101 per sqft
23 May 2016RentedNew contract
AED 55,000/yr12 months · AED 106 per sqft
12 Apr 2016SoldReady
AED 550,000AED 1,063 per sqft

Source: Dubai Land Department. Updated 1 August 2024.

Key facts

Type
Studio apartment
Size
517 sqft
Floor
2nd of 4
Parking
B-102
Developer
Al Tajir Real Estate
Completed
2014
Service charge
AED 5,300 /yr
Last sold
AED 550K · April 2016
Building
Fortunato

About 259, Fortunato

259 is a studio of 517 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 April 2016 for AED 550,000, or AED 1,063 per sqft, in line with the AED 1,074 studios in the building were fetching at the time.

It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, renewed on 1 August 2024, is AED 33,000 a year: a gross yield of 6.0% on the 2016 price, before the service charge of about AED 5,300 a year.

Sales and rents for 259 over time

Sales
Unit 259, each saleTypical studio in Fortunato
400K2009201420192024Typical 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 763 per sqft)Sold, March 2014: AED 450,000 (AED 869 per sqft)Sold, April 2016: AED 550,000 (AED 1,063 per sqft)

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

Rents
Unit 259, each contractTypical studio in Fortunato
20K40K60K20152018202120242027Typical 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, March 2015: AED 48,000 a yearNew contract, May 2016: AED 55,000 a yearNew contract, June 2017: AED 52,000 a yearNew contract, March 2019: AED 36,000 a yearNew contract, August 2022: AED 28,000 a yearRenewal, August 2023: AED 30,800 a yearNew contract, June 2024: AED 42,000 a yearRenewal, August 2024: AED 33,000 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 259 sits

All 48 studios →

259 last sold in April 2016 at AED 1,063 per sqft, in line with what studios in Fortunato were fetching at the time (AED 1,074). 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. 259's AED 33,000 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

259, Fortunato in numbers

  • Sold 3 times: first on 12 August 2009 for AED 395,000, last on 12 April 2016 for AED 550,000 (AED 1,063 per sqft).
  • Rented since March 2015 on 8 Ejari contracts. The rent fell from AED 48,000 to AED 28,000 in 2022 and recovered to AED 33,000 by August 2024.
  • At AED 33,000 a year the gross yield on the 2016 price is 6.0%, 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 1 August 2024.

Questions about 259, Fortunato

What did unit 259 last sell for?

AED 550,000 on 12 April 2016: AED 1,063 per sqft for 517 sqft. The unit has 3 registered sales; the first was AED 395,000 in August 2009.

What is the rent for unit 259?

AED 33,000 a year on the contract renewed on 1 August 2024. The previous contract, from June 2024, was AED 42,000; the unit has been rented since March 2015.

How big is unit 259?

517 sqft (48.0 sqm): a studio on the 2nd floor of a 4-storey tower completed in 2014.

What is unit 259 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 259, Fortunato

Starts from the last sale price (AED 550K, 12 April 2016). Switch to today's estimate once you have unlocked it.
Price
AED 550,000
Deposit, UAE resident (20%)
AED 110,000
Deposit, non-resident (40%)
AED 220,000
Monthly over 25 years at 3.7%
AED 2,250

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