1-bed · 796 sqftFairview Residency, Business Bay · 13th floor · completed 2014

1308, Fairview Residency

Sold prices and rental history: sold once, by the developer in May 2016, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1308 · DLD and Ejari recordsUpdated 18 May 2016
Last soldAED 1.13M18 May 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1308, Fairview Residency

What is 1308 worth today?

Last sold for AED 1,131,179 in 2016

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18 May 2016Sold by developerReady
AED 1,131,179AED 1,420 per sqft

Source: Dubai Land Department. Updated 18 May 2016.

Key facts

Type
1-bed apartment
Size
796 sqft
Floor
13th of 18
Parking
P3-41
Developer
Deyaar
Completed
2014
Service charge
AED 12,000 /yr
Last sold
AED 1.13M · May 2016

About 1308, Fairview Residency

1308 is a one-bedroom apartment of 796 sqft on the 13th floor of Fairview Residency, a 18-storey tower in Business Bay completed in 2014 by Deyaar. The developer sold it on 18 May 2016 for AED 1,131,179, or AED 1,420 per sqft, 8% below the AED 1,551 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1308 over time

Sales
Unit 1308, each saleTypical one-bed in Fairview Residency
01M2009201420192024Typical sale price by year: 2009 AED 1,521,701; 2010 AED 1,110,535; 2013 AED 1,266,991; 2014 AED 1,191,808; 2015 AED 1,170,000; 2016 AED 1,200,000; 2017 AED 1,075,000; 2019 AED 770,000; 2021 AED 143,696; 2022 AED 775,000; 2023 AED 1,050,000; 2024 AED 1,112,500; 2025 AED 1,180,000Sold by developer, May 2016: AED 1,131,179 (AED 1,420 per sqft)

1308 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1308, each contractTypical one-bed in Fairview Residency
60K80K2014201820222026Typical rent by year: 2014 AED 85,000; 2015 AED 89,250; 2016 AED 84,109; 2017 AED 80,000; 2018 AED 70,500; 2019 AED 62,000; 2020 AED 50,000; 2021 AED 48,000; 2022 AED 57,000; 2023 AED 68,000; 2024 AED 72,500; 2025 AED 78,000; 2026 AED 90,000

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

1-beds in Fairview Residency, and where 1308 sits

All 158 1-beds →

1308 last sold in May 2016 at AED 1,420 per sqft, 8% below what one-beds in Fairview Residency were fetching at the time (AED 1,551). Over the last 12 months one-beds sold for AED 1,050,000 to 1,385,000, around AED 1,668 per sqft, and rent for AED 60,000 to 110,000 a year.

Recent 1-bed salesUnit no.Price (AED)Summary
23 Jan 20261,385,000
16 Jan 20261,050,000
22 Dec 20251,300,000
16 Jul 20251,100,000
3 1-bed sales in the last 12 months

Fairview Residency

Building

166 apartments, 1-bed to 2-bed over 18 floors in Business Bay, completed in 2014 by Deyaar. 4 sold in the last 12 months.

Typical price per sqft
AED 1,579
Typical sale
AED 1.34M
Typical rent
AED 85K /yr
Typical yield
6.5%
Fairview Residency, Business Bay: prices, sales and rents →

Other units on the 13th floor

All 166 units in Fairview Residency
Value
13011-bedAED 1.17M · Sep 2014
13021-bedAED 1.05M · Oct 2023
13031-bedAED 1.05M · Mar 2024
13041-bedAED 1.05M · May 2024
13051-bedAED 1.05M · Sep 2023
13061-bedAED 1.1M · Oct 2024
13071-bedAED 1.19M · Oct 2014
1–7 of 9

1308, Fairview Residency in numbers

  • Sold once: by Deyaar on 18 May 2016 for AED 1,131,179, or AED 1,420 per sqft.
  • One-beds in Fairview Residency sold for AED 1,050,000–1,385,000 in the 12 months to November 2026; the building's median across all types is AED 1,579 per sqft.

Source: Dubai Land Department. Updated 18 May 2016.

Questions about 1308, Fairview Residency

What did unit 1308 last sell for?

AED 1,131,179 on 18 May 2016, sold by the developer: AED 1,420 per sqft for 796 sqft. It is the only registered sale of the unit.

How big is unit 1308?

796 sqft (74.0 sqm): a one-bedroom apartment on the 13th floor of a 18-storey tower completed in 2014.

What is unit 1308 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Fairview Residency sold for AED 1,050,000 to 1,385,000 in the last 12 months, around AED 1,668 per sqft.

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Mortgage on 1308, Fairview Residency

Starts from the last sale price (AED 1.13M, 18 May 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,131,179
Deposit, UAE resident (20%)
AED 226,236
Deposit, non-resident (40%)
AED 452,472
Monthly over 25 years at 3.7%
AED 4,628

Plus AED 52,519 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →