2-bed · 1,985 sqftFortunato, Jumeirah Village Circle (JVC) · Ground floor · completed 2014

G48, Fortunato

Sold prices and rental history: sold 3 times, last in June 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit G48 · DLD and Ejari recordsUpdated 14 June 2024
Last soldAED 1.54M14 June 2024
Current rentAED 78K /yr20 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for G48, Fortunato

What is G48 worth today?

Last sold for AED 1,540,000 in 2024

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14 Jun 2024SoldReady
AED 1,540,000AED 775 per sqft
20 Sep 2023RentedNew contract
AED 78,000/yr12 months · AED 39 per sqft
12 Apr 2023SoldReady
AED 1,020,000AED 513 per sqft
20 Sep 2022RentedNew contract
AED 72,765/yr12 months · AED 37 per sqft
20 Sep 2022RentedRenewal
AED 72,765/yr12 months · AED 37 per sqft
20 Sep 2021RentedRenewal
AED 69,300/yr12 months · AED 35 per sqft
20 Sep 2020RentedNew contract
AED 66,000/yr12 months · AED 33 per sqft
25 Jun 2019RentedRenewal
AED 80,000/yr12 months · AED 40 per sqft

Source: Dubai Land Department. Updated 14 June 2024.

Key facts

Type
2-bed apartment
Size
1,985 sqft
Floor
Ground of 4
Parking
B-117
Developer
Al Tajir Real Estate
Completed
2014
Service charge
AED 20,400 /yr
Last sold
AED 1.54M · June 2024
Building
Fortunato

About G48, Fortunato

G48 is a two-bedroom apartment of 1,985 sqft on the ground floor of Fortunato, a 4-storey tower in Jumeirah Village Circle (JVC) completed in 2014 by Al Tajir Real Estate. It last sold on 14 June 2024 for AED 1,540,000, or AED 775 per sqft, 48% above the AED 524 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 9 Ejari contracts. The current contract, signed on 20 September 2023, is AED 78,000 a year: a gross yield of 5.1% on the 2024 price, before the service charge of about AED 20,400 a year.

Sales and rents for G48 over time

Sales
Unit G48, each saleTypical two-bed in Fortunato
1M1.5M2009201420192024Typical 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 by developer, July 2015: AED 675,000 (AED 340 per sqft)Sold, April 2023: AED 1,020,000 (AED 513 per sqft)Sold, June 2024: AED 1,540,000 (AED 775 per sqft)

G48 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit G48, each contractTypical two-bed in Fortunato
100K20152018202120242027Typical 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 2015: AED 125,000 a yearRenewal, June 2016: AED 125,000 a yearNew contract, June 2018: AED 100,000 a yearRenewal, June 2019: AED 80,000 a yearNew contract, September 2020: AED 66,000 a yearRenewal, September 2021: AED 69,300 a yearNew contract, September 2022: AED 72,765 a yearRenewal, September 2022: AED 72,765 a yearNew contract, September 2023: AED 78,000 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 G48 sits

All 82 2-beds →

G48 last sold in June 2024 at AED 775 per sqft, 48% above what two-beds in Fortunato were fetching at the time (AED 524). 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. G48's AED 78,000 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 ground floor

All 325 units in Fortunato
Value
G012-bedAED 1.4M · Aug 2022
G022-bedAED 1.55M · Apr 2017
G032-bedAED 1.1M · Apr 2021
G042-bedAED 2.19M · May 2025
G052-bedAED 1.18M · Aug 2022
G062-bedAED 1.51M · Apr 2014
G072-bedAED 630K · Feb 2024
1–7 of 93

G48, Fortunato in numbers

  • Sold 3 times: first on 26 July 2015 for AED 675,000, last on 14 June 2024 for AED 1,540,000 (AED 775 per sqft).
  • Rented since June 2015 on 9 Ejari contracts. The rent fell from AED 125,000 to AED 66,000 in 2020 and recovered to AED 78,000 by September 2023.
  • At AED 78,000 a year the gross yield on the 2024 price is 5.1%, before a service charge of about AED 20,400 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 14 June 2024.

Questions about G48, Fortunato

What did unit G48 last sell for?

AED 1,540,000 on 14 June 2024: AED 775 per sqft for 1,985 sqft. The unit has 3 registered sales; the first was AED 675,000 in July 2015.

What is the rent for unit G48?

AED 78,000 a year on the contract signed on 20 September 2023. The previous contract, from September 2022, was AED 72,765; the unit has been rented since June 2015.

How big is unit G48?

1,985 sqft (184.4 sqm): a two-bedroom apartment on the ground floor of a 4-storey tower completed in 2014.

What is unit G48 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 G48, Fortunato

Starts from the last sale price (AED 1.54M, 14 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,540,000
Deposit, UAE resident (20%)
AED 308,000
Deposit, non-resident (40%)
AED 616,000
Monthly over 25 years at 3.7%
AED 6,301

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