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1-bed · 913 sqftFairways West Tower, The Views · 15th floor · completed 2008

1503, Fairways West Tower

Sold prices and rental history: sold 3 times, last in May 2016, and rented once, from June 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1503 · DLD and Ejari recordsUpdated 8 May 2016
Last soldAED 1.49M8 May 2016
Current rentAED 88K /yr1 June 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1503, Fairways West Tower

What is 1503 worth today?

Last sold for AED 1,485,000 in 2016

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8 May 2016SoldReady
AED 1,485,000AED 1,626 per sqft
1 Jun 2014RentedNew contract
AED 88,000/yr12 months · AED 96 per sqft
12 Dec 2010SoldReady
AED 547,800AED 600 per sqft
18 May 2010Sold by developerReady
AED 493,444AED 540 per sqft

Source: Dubai Land Department. Updated 8 May 2016.

Key facts

Type
1-bed apartment
Size
913 sqft
Floor
15th of 31
Parking
G- 280
Developer
Emaar
Completed
2008
Service charge
AED 15,000 /yr
Last sold
AED 1.49M · May 2016
Building
Fairways West Tower

About 1503, Fairways West Tower

1503 is a one-bedroom apartment of 913 sqft on the 15th floor of Fairways West Tower, a 31-storey tower in The Views completed in 2008 by Emaar. It last sold on 8 May 2016 for AED 1,485,000, or AED 1,626 per sqft, 16% above the AED 1,401 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 June 2014. The current contract, signed on 1 June 2014, is AED 88,000 a year: a gross yield of 5.9% on the 2016 price, before the service charge of about AED 15,000 a year.

Sales and rents for 1503 over time

Sales
Unit 1503, each saleTypical one-bed in Fairways West Tower
1M2M2009201420192024Typical sale price by year: 2009 AED 780,888; 2010 AED 847,888; 2011 AED 851,888; 2012 AED 945,000; 2013 AED 1,000,000; 2014 AED 1,505,000; 2015 AED 1,297,509; 2016 AED 1,322,500; 2017 AED 1,485,000; 2018 AED 1,270,000; 2019 AED 1,067,500; 2020 AED 1,092,500; 2021 AED 1,225,000; 2022 AED 1,300,000; 2023 AED 1,345,000; 2024 AED 1,650,000; 2025 AED 1,810,000; 2026 AED 1,987,500Sold by developer, May 2010: AED 493,444 (AED 540 per sqft)Sold, December 2010: AED 547,800 (AED 600 per sqft)Sold, May 2016: AED 1,485,000 (AED 1,626 per sqft)

1503 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1503, each contractTypical one-bed in Fairways West Tower
80K100K2012201620202024Typical rent by year: 2012 AED 75,000; 2013 AED 87,563; 2014 AED 102,000; 2015 AED 105,000; 2016 AED 105,000; 2017 AED 100,000; 2018 AED 95,000; 2019 AED 82,000; 2020 AED 70,000; 2021 AED 72,000; 2022 AED 78,950; 2023 AED 90,100; 2024 AED 99,750; 2025 AED 103,996; 2026 AED 101,936New contract, June 2014: AED 88,000 a year

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

1-beds in Fairways West Tower, and where 1503 sits

All 119 1-beds →

1503 last sold in May 2016 at AED 1,626 per sqft, 16% above what one-beds in Fairways West Tower were fetching at the time (AED 1,401). Over the last 12 months one-beds sold for AED 550,000 to 2,100,000, around AED 2,201 per sqft, and rent for AED 54,000 to 154,140 a year. 1503's AED 88,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
14 Aug 20261,550,000
27 Jul 202616,148
24 Jul 20266,872
22 Jul 20262,000,000
12 1-bed sales in the last 12 months

Fairways West Tower

Building

209 apartments, 1-bed to 3-bed over 31 floors in The Views, completed in 2008 by Emaar. 16 sold in the last 12 months.

Typical price per sqft
AED 2,235 Up 2.5%
Typical sale
AED 2M
Typical rent
AED 115K /yr
Typical yield
5.9%
Fairways West Tower, The Views: prices, sales and rents →

Other units on the 15th floor

All 209 units in Fairways West Tower
Value
15012-bedAED 1.58M · Oct 2019
15021-bedAED 336K · Jun 2015
15041-bedAED 1.65M · Mar 2025
15052-bedAED 1.67M · Jul 2012
15061-bedAED 1.92M · Apr 2025
15073-bedAED 2.3M · Jan 2019

1503, Fairways West Tower in numbers

  • Sold 3 times: first on 18 May 2010 for AED 493,444, last on 8 May 2016 for AED 1,485,000 (AED 1,626 per sqft).
  • Rented since June 2014 on one Ejari contract, at AED 88,000 a year.
  • At AED 88,000 a year the gross yield on the 2016 price is 5.9%, before a service charge of about AED 15,000 a year (AED 16.48 per sqft).
  • One-beds in Fairways West Tower sold for AED 550,000–2,100,000 in the 12 months to November 2026; the building's median across all types is AED 2,235 per sqft.

Source: Dubai Land Department. Updated 8 May 2016.

Questions about 1503, Fairways West Tower

What did unit 1503 last sell for?

AED 1,485,000 on 8 May 2016: AED 1,626 per sqft for 913 sqft. The unit has 3 registered sales; the first was AED 493,444 in May 2010.

What is the rent for unit 1503?

AED 88,000 a year on the contract signed on 1 June 2014.

How big is unit 1503?

913 sqft (84.8 sqm): a one-bedroom apartment on the 15th floor of a 31-storey tower completed in 2008.

What is unit 1503 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Fairways West Tower sold for AED 550,000 to 2,100,000 in the last 12 months, around AED 2,201 per sqft.

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Mortgage on 1503, Fairways West Tower

Starts from the last sale price (AED 1.49M, 8 May 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,485,000
Deposit, UAE resident (20%)
AED 297,000
Deposit, non-resident (40%)
AED 594,000
Monthly over 25 years at 3.7%
AED 6,076

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