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

281, Fortunato

Sold prices and rental history: sold twice, last in November 2013, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 281 · DLD and Ejari recordsUpdated 15 April 2021
Last soldAED 370K21 November 2013
Current rentAED 24K /yr15 April 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 281, Fortunato

What is 281 worth today?

Last sold for AED 370,000 in 2013

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15 Apr 2021RentedNew contract
AED 24,000/yr12 months · AED 46 per sqft
2 May 2020RentedRenewal
AED 35,000/yr12 months · AED 68 per sqft
2 May 2019RentedNew contract
AED 40,000/yr12 months · AED 77 per sqft
20 Jun 2016RentedNew contract
AED 50,000/yr12 months · AED 97 per sqft
21 Nov 2013SoldOff-plan
AED 370,000AED 720 per sqft
23 Sep 2013Sold by developerOff-plan
AED 289,982AED 564 per sqft

Source: Dubai Land Department. Updated 15 April 2021.

Key facts

Type
Studio apartment
Size
514 sqft
Floor
2nd of 4
Parking
B-343
Developer
Al Tajir Real Estate
Completed
2014
Service charge
AED 5,300 /yr
Last sold
AED 370K · November 2013
Building
Fortunato

About 281, Fortunato

281 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 21 November 2013 for AED 370,000, or AED 720 per sqft, 28% above the AED 564 studios in the building were fetching at the time.

It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, signed on 15 April 2021, is AED 24,000 a year: a gross yield of 6.5% on the 2013 price, before the service charge of about AED 5,300 a year.

Sales and rents for 281 over time

Sales
Unit 281, 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, September 2013: AED 289,982 (AED 564 per sqft)Sold, November 2013: AED 370,000 (AED 720 per sqft)

281 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 281, 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, June 2016: AED 50,000 a yearNew contract, May 2019: AED 40,000 a yearRenewal, May 2020: AED 35,000 a yearNew contract, April 2021: AED 24,000 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 281 sits

All 48 studios →

281 last sold in November 2013 at AED 720 per sqft, 28% above what studios in Fortunato were fetching at the time (AED 564). 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. 281's AED 24,000 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

281, Fortunato in numbers

  • Sold twice: first on 23 September 2013 for AED 289,982, last on 21 November 2013 for AED 370,000 (AED 720 per sqft).
  • Rented since June 2016 on 4 Ejari contracts, from AED 50,000 to AED 24,000 a year.
  • At AED 24,000 a year the gross yield on the 2013 price is 6.5%, 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 15 April 2021.

Questions about 281, Fortunato

What did unit 281 last sell for?

AED 370,000 on 21 November 2013: AED 720 per sqft for 514 sqft. The unit has 2 registered sales; the first was AED 289,982 in September 2013.

What is the rent for unit 281?

AED 24,000 a year on the contract signed on 15 April 2021. The previous contract, from May 2020, was AED 35,000; the unit has been rented since June 2016.

How big is unit 281?

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

What is unit 281 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 281, Fortunato

Starts from the last sale price (AED 370K, 21 November 2013). Switch to today's estimate once you have unlocked it.
Price
AED 370,000
Deposit, UAE resident (20%)
AED 74,000
Deposit, non-resident (40%)
AED 148,000
Monthly over 25 years at 3.7%
AED 1,514

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