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2-bed · 1,235 sqftFortunato, Jumeirah Village Circle (JVC) · 3rd floor · completed 2014

342, Fortunato

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

Unit 342 · DLD and Ejari recordsUpdated 1 April 2023
Last soldAED 1.33M23 March 2015
Current rentAED 63K /yr1 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 342, Fortunato

What is 342 worth today?

Last sold for AED 1,325,000 in 2015

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1 Apr 2023RentedRenewal
AED 63,250/yr12 months · AED 51 per sqft
1 Apr 2022RentedRenewal
AED 55,000/yr12 months · AED 44 per sqft
1 Apr 2021RentedRenewal
AED 55,000/yr12 months · AED 44 per sqft
1 Apr 2020RentedRenewal
AED 55,000/yr12 months · AED 44 per sqft
1 Apr 2019RentedNew contract
AED 69,000/yr12 months · AED 56 per sqft
1 Jun 2018RentedRenewal
AED 80,000/yr12 months · AED 65 per sqft
1 Jun 2017RentedRenewal
AED 97,000/yr12 months · AED 78 per sqft
1 Jun 2016RentedNew contract
AED 105,000/yr12 months · AED 85 per sqft

Source: Dubai Land Department. Updated 1 April 2023.

Key facts

Type
2-bed apartment
Size
1,235 sqft
Floor
3rd of 4
Parking
B-85
Developer
Al Tajir Real Estate
Completed
2014
Service charge
AED 12,700 /yr
Last sold
AED 1.33M · March 2015
Building
Fortunato

About 342, Fortunato

342 is a two-bedroom apartment of 1,235 sqft on the 3rd floor of Fortunato, a 4-storey tower in Jumeirah Village Circle (JVC) completed in 2014 by Al Tajir Real Estate. It last sold on 23 March 2015 for AED 1,325,000, or AED 1,072 per sqft, 125% above the AED 477 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, renewed on 1 April 2023, is AED 63,250 a year: a gross yield of 4.8% on the 2015 price, before the service charge of about AED 12,700 a year.

Sales and rents for 342 over time

Sales
Unit 342, each saleTypical two-bed in Fortunato
1M2009201420192024Typical sale price by year: 2009 AED 1,000,000; 2013 AED 970,680; 2014 AED 1,148,788; 2015 AED 875,000; 2016 AED 1,162,500; 2017 AED 900,000; 2020 AED 910,000; 2022 AED 1,250,000; 2023 AED 1,250,000; 2024 AED 1,550,000; 2025 AED 1,520,000Sold, March 2015: AED 1,325,000 (AED 1,072 per sqft)Sold by developer, March 2015: AED 443,097 (AED 358 per sqft)

342 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 342, each contractTypical two-bed in Fortunato
50K100K20152018202120242027Typical rent by year: 2015 AED 120,000; 2016 AED 120,000; 2017 AED 101,000; 2018 AED 95,000; 2019 AED 82,000; 2020 AED 70,000; 2021 AED 68,000; 2022 AED 72,765; 2023 AED 82,000; 2024 AED 90,000; 2025 AED 100,000; 2026 AED 99,350New contract, June 2016: AED 105,000 a yearRenewal, June 2017: AED 97,000 a yearRenewal, June 2018: AED 80,000 a yearNew contract, April 2019: AED 69,000 a yearRenewal, April 2020: AED 55,000 a yearRenewal, April 2021: AED 55,000 a yearRenewal, April 2022: AED 55,000 a yearRenewal, April 2023: AED 63,250 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Fortunato, and where 342 sits

All 82 2-beds →

342 last sold in March 2015 at AED 1,072 per sqft, 125% above what two-beds in Fortunato were fetching at the time (AED 477). Over the last 12 months two-beds sold for AED 1,350,000 to 1,800,000, around AED 864 per sqft, and rent for AED 45,000 to 147,500 a year. 342's AED 63,250 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
18 Jun 20261,800,000
8 Apr 20261,350,000
6 Nov 20252,075,000
22 Sep 20252,200,000
2 2-bed 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 3rd floor

All 325 units in Fortunato
Value
3011-bedAED 208K · Feb 2018
3022-bedAED 992K · Aug 2009
3032-bedAED 1.44M · Aug 2025
3042-bedAED 1.18M · Mar 2015
3051-bedAED 609K · Aug 2009
3061-bedNo registered sale
3071-bedAED 614K · Aug 2009
1–7 of 61

342, Fortunato in numbers

  • Sold twice: first on 17 March 2015 for AED 443,097, last on 23 March 2015 for AED 1,325,000 (AED 1,072 per sqft).
  • Rented since June 2016 on 8 Ejari contracts. The rent fell from AED 105,000 to AED 55,000 in 2022 and recovered to AED 63,250 by April 2023.
  • At AED 63,250 a year the gross yield on the 2015 price is 4.8%, before a service charge of about AED 12,700 a year (AED 10.28 per sqft).
  • Two-beds in Fortunato sold for AED 1,350,000–1,800,000 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 April 2023.

Questions about 342, Fortunato

What did unit 342 last sell for?

AED 1,325,000 on 23 March 2015: AED 1,072 per sqft for 1,235 sqft. The unit has 2 registered sales; the first was AED 443,097 in March 2015.

What is the rent for unit 342?

AED 63,250 a year on the contract renewed on 1 April 2023. The previous contract, from April 2022, was AED 55,000; the unit has been rented since June 2016.

How big is unit 342?

1,235 sqft (114.7 sqm): a two-bedroom apartment on the 3rd floor of a 4-storey tower completed in 2014.

What is unit 342 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Fortunato sold for AED 1,350,000 to 1,800,000 in the last 12 months, around AED 864 per sqft.

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Mortgage on 342, Fortunato

Starts from the last sale price (AED 1.33M, 23 March 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,325,000
Deposit, UAE resident (20%)
AED 265,000
Deposit, non-resident (40%)
AED 530,000
Monthly over 25 years at 3.7%
AED 5,421

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