2-bed · 1,377 sqftFairways East Tower, The Views · 15th floor · completed 2008

1504, Fairways East Tower

Sold prices and rental history: sold once, by the developer in March 2011, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1504 · DLD and Ejari recordsUpdated 23 February 2015
Last soldAED 612K10 March 2011
Current rentAED 170K /yr23 February 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1504, Fairways East Tower

What is 1504 worth today?

Last sold for AED 611,944 in 2011

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23 Feb 2015RentedNew contract
AED 170,000/yr12 months · AED 123 per sqft
6 Apr 2014RentedNew contract
AED 140,000/yr12 months · AED 102 per sqft
10 Mar 2011Sold by developerReady
AED 611,944AED 444 per sqft

Source: Dubai Land Department. Updated 23 February 2015.

Key facts

Type
2-bed apartment
Size
1,377 sqft
Floor
15th of 27
Parking
P-34
Developer
Emaar
Completed
2008
Service charge
AED 22,700 /yr
Last sold
AED 612K · March 2011

About 1504, Fairways East Tower

1504 is a two-bedroom apartment of 1,377 sqft on the 15th floor of Fairways East Tower, a 27-storey tower in The Views completed in 2008 by Emaar. The developer sold it on 10 March 2011 for AED 611,944, or AED 444 per sqft, 60% below the AED 1,104 two-beds in the building were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, signed on 23 February 2015, is AED 170,000 a year: a gross yield of 27.8% on the 2011 price, before the service charge of about AED 22,700 a year.

Sales and rents for 1504 over time

Sales
Unit 1504, each saleTypical two-bed in Fairways East Tower
2M2009201420192024Typical sale price by year: 2009 AED 1,647,388; 2010 AED 1,629,444; 2011 AED 1,468,944; 2012 AED 1,550,000; 2013 AED 2,000,000; 2014 AED 2,837,500; 2015 AED 2,350,000; 2016 AED 2,200,000; 2017 AED 2,275,000; 2018 AED 2,150,000; 2019 AED 1,880,000; 2020 AED 1,850,000; 2021 AED 1,759,575; 2022 AED 2,000,000; 2024 AED 2,800,000; 2025 AED 2,975,000; 2026 AED 3,337,500Sold by developer, March 2011: AED 611,944 (AED 444 per sqft)

1504 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1504, each contractTypical two-bed in Fairways East Tower
125K150K175K2012201620202024Typical rent by year: 2012 AED 117,500; 2013 AED 135,000; 2014 AED 160,000; 2015 AED 165,000; 2016 AED 165,000; 2017 AED 155,000; 2018 AED 146,000; 2019 AED 135,000; 2020 AED 120,000; 2021 AED 115,000; 2022 AED 125,000; 2023 AED 145,000; 2024 AED 160,000; 2025 AED 168,000; 2026 AED 166,500New contract, April 2014: AED 140,000 a yearNew contract, February 2015: AED 170,000 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 Fairways East Tower, and where 1504 sits

All 77 2-beds →

1504 last sold in March 2011 at AED 444 per sqft, 60% below what two-beds in Fairways East Tower were fetching at the time (AED 1,104). Over the last 12 months two-beds sold for AED 3,050,000 to 3,750,000, around AED 2,342 per sqft, and rent for AED 129,360 to 210,000 a year. 1504's AED 170,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
30 Oct 20263,525,000
5 May 20263,050,000
24 Feb 20263,750,000
19 Feb 20263,150,000
4 2-bed sales in the last 12 months

Fairways East Tower

Building

181 apartments, 1-bed to 2-bed over 27 floors in The Views, completed in 2008 by Emaar. 8 sold in the last 12 months.

Typical price per sqft
AED 2,433
Typical sale
AED 2.7M
Typical rent
AED 118K /yr
Typical yield
4.9%
Fairways East Tower, The Views: prices, sales and rents →

Other units on the 15th floor

All 181 units in Fairways East Tower
Value
15012-bedAED 2.65M · Sep 2014
15021-bedAED 1.4M · Jan 2023
15032-bedAED 1.87M · Apr 2021
15051-bedAED 714K · Sep 2010
15061-bedAED 1.6M · Sep 2016
15071-bedAED 526K · Feb 2010

1504, Fairways East Tower in numbers

  • Sold once: by Emaar on 10 March 2011 for AED 611,944, or AED 444 per sqft.
  • Rented since April 2014 on 2 Ejari contracts, from AED 140,000 to AED 170,000 a year.
  • At AED 170,000 a year the gross yield on the 2011 price is 27.8%, before a service charge of about AED 22,700 a year (AED 16.48 per sqft).
  • Two-beds in Fairways East Tower sold for AED 3,050,000–3,750,000 in the 12 months to November 2026; the building's median across all types is AED 2,433 per sqft.

Source: Dubai Land Department. Updated 23 February 2015.

Questions about 1504, Fairways East Tower

What did unit 1504 last sell for?

AED 611,944 on 10 March 2011, sold by the developer: AED 444 per sqft for 1,377 sqft. It is the only registered sale of the unit.

What is the rent for unit 1504?

AED 170,000 a year on the contract signed on 23 February 2015. The previous contract, from April 2014, was AED 140,000.

How big is unit 1504?

1,377 sqft (127.9 sqm): a two-bedroom apartment on the 15th floor of a 27-storey tower completed in 2008.

What is unit 1504 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Fairways East Tower sold for AED 3,050,000 to 3,750,000 in the last 12 months, around AED 2,342 per sqft.

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Mortgage on 1504, Fairways East Tower

Starts from the last sale price (AED 612K, 10 March 2011). Switch to today's estimate once you have unlocked it.
Price
AED 611,944
Deposit, UAE resident (20%)
AED 122,389
Deposit, non-resident (40%)
AED 244,778
Monthly over 25 years at 3.7%
AED 2,504

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