1503, Al Fahad Tower 2
Sold prices and rental history: sold twice, last in January 2022, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1503, Al Fahad Tower 2
What is 1503 worth today?
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Source: Dubai Land Department. Updated 1 October 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 1,051 sqft
- Floor
- 15th of 24
- Parking
- B1-027
- Developer
- Alfahad Holding Real Estates Inviestments
- Completed
- 2016
- Service charge
- AED 19,500 /yr
- Last sold
- AED 500K · January 2022
- Building
- Al Fahad Tower 2
About 1503, Al Fahad Tower 2
1503 is a one-bedroom apartment of 1,051 sqft on the 15th floor of Al Fahad Tower 2, a 24-storey tower in Barsha Heights completed in 2016 by Alfahad Holding Real Estates Inviestments. It last sold on 27 January 2022 for AED 500,000, or AED 475 per sqft.
It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, signed on 1 October 2024, is AED 75,000 a year: a gross yield of 15.0% on the 2022 price, before the service charge of about AED 19,500 a year.
Sales and rents for 1503 over time
1503 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Al Fahad Tower 2, and where 1503 sits
All 44 1-beds →1503's AED 75,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Jul 20243 July 2024 | 1,051 sqft | 830,000 | 789 | ||
| 28 Dec 202328 December 2023 | 1,051 sqft | 800,000 | 761 | ||
| 11 Oct 202311 October 2023 | 1,051 sqft | 700,000 | 665 | ||
| 25 May 202325 May 2023 | 1,051 sqft | 730,000 | 694 |
Al Fahad Tower 2
Building223 apartments, 1-bed to 3-bed over 24 floors in Barsha Heights, completed in 2016 by Alfahad Holding Real Estates Inviestments. 1 sold in the last 12 months.
- Typical price per sqft
- AED 928
- Typical sale
- AED 1.1M
- Typical rent
- AED 110K /yr
- Typical yield
- 8.3%
Other units on the 15th floor
All 223 units in Al Fahad Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 2-bed | 1,397 sqft | AED 900KAED 900,000 · Oct 2023October 2023 | 89,751 /yr | |
| 1504 | 3-bed | 2,890 sqft | AED 3.69MAED 3,691,213 · Oct 2015October 2015 | 120,000 /yr | |
| 1505 | 2-bed | 1,234 sqft | AED 1.05MAED 1,050,000 · May 2024May 2024 | 72,000 /yr | |
| 1506 | 2-bed | 1,185 sqft | AED 1.2MAED 1,200,000 · May 2025May 2025 | 128,000 /yr | |
| 1507 | 2-bed | 1,344 sqft | AED 1.18MAED 1,179,103 · Apr 2017April 2017 | 120,000 /yr | |
| 1508 | 2-bed | 1,451 sqft | AED 1.04MAED 1,037,293 · Mar 2018March 2018 | 80,000 /yr | |
| 1509 | 2-bed | 1,174 sqft | AED 936KAED 935,654 · May 2023May 2023 | 95,000 /yr | |
| 1510 | 2,190 sqft | AED 2.22MAED 2,218,500 · Nov 2015November 2015 | 140,000 /yr |
1503, Al Fahad Tower 2 in numbers
- Sold twice: first on 11 February 2015 for AED 1,318,572, last on 27 January 2022 for AED 500,000 (AED 475 per sqft).
- Rented since May 2017 on 7 Ejari contracts. The rent fell from AED 75,000 to AED 47,000 in 2022 and recovered to AED 75,000 by October 2024.
- At AED 75,000 a year the gross yield on the 2022 price is 15.0%, before a service charge of about AED 19,500 a year (AED 18.59 per sqft).
Source: Dubai Land Department. Updated 1 October 2024.
Questions about 1503, Al Fahad Tower 2
What did unit 1503 last sell for?
AED 500,000 on 27 January 2022: AED 475 per sqft for 1,051 sqft. The unit has 2 registered sales; the first was AED 1,318,572 in February 2015.
What is the rent for unit 1503?
AED 75,000 a year on the contract signed on 1 October 2024. The previous contract, from December 2023, was AED 67,000; the unit has been rented since May 2017.
How big is unit 1503?
1,051 sqft (97.6 sqm): a one-bedroom apartment on the 15th floor of a 24-storey tower completed in 2016.
What is unit 1503 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 1503, Al Fahad Tower 2
Starts from the last sale price (AED 500K, 27 January 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 500,000
- Deposit, UAE resident (20%)
- AED 100,000
- Deposit, non-resident (40%)
- AED 200,000
- Monthly over 25 years at 3.7%
- AED 2,046
Plus AED 26,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →