1608, Fairview Residency
Sold prices and rental history: sold twice, last in February 2017, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1608, Fairview Residency
What is 1608 worth today?
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Source: Dubai Land Department. Updated 10 August 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 796 sqft
- Floor
- 16th of 18
- Parking
- P3-52
- Developer
- Deyaar
- Completed
- 2014
- Service charge
- AED 12,000 /yr
- Last sold
- AED 1.1M · February 2017
- Building
- Fairview Residency
About 1608, Fairview Residency
1608 is a one-bedroom apartment of 796 sqft on the 16th floor of Fairview Residency, a 18-storey tower in Business Bay completed in 2014 by Deyaar. It last sold on 12 February 2017 for AED 1,100,000, or AED 1,381 per sqft, 8% below the AED 1,498 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, renewed on 10 August 2024, is AED 79,572 a year: a gross yield of 7.2% on the 2017 price, before the service charge of about AED 12,000 a year.
Sales and rents for 1608 over time
1608 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 Fairview Residency, and where 1608 sits
All 158 1-beds →1608 last sold in February 2017 at AED 1,381 per sqft, 8% below what one-beds in Fairview Residency were fetching at the time (AED 1,498). 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. 1608's AED 79,572 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Jan 202623 January 2026 | 781 sqft | 1,385,000 | 1,774 | ||
| 16 Jan 202616 January 2026 | 872 sqft | 1,050,000 | 1,204 | ||
| 22 Dec 202522 December 2025 | 779 sqft | 1,300,000 | 1,668 | ||
| 16 Jul 202516 July 2025 | 851 sqft | 1,100,000 | 1,292 |
Fairview Residency
Building166 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%
Other units on the 16th floor
All 166 units in Fairview Residency| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 1-bed | 851 sqft | AED 1.17MAED 1,170,000 · Mar 2014March 2014 | 70,000 /yr | |
| 1602 | 1-bed | 833 sqft | AED 1.45MAED 1,450,000 · Oct 2014October 2014 | ||
| 1603 | 1-bed | 779 sqft | AED 1.1MAED 1,100,000 · May 2023May 2023 | 87,000 /yr | |
| 1604 | 1-bed | 781 sqft | AED 1.13MAED 1,126,017 · Jun 2009June 2009 | 74,550 /yr | |
| 1605 | 1-bed | 832 sqft | AED 1.1MAED 1,100,000 · Mar 2023March 2023 | 58,000 /yr | |
| 1606 | 1-bed | 841 sqft | AED 1.05MAED 1,050,000 · Aug 2017August 2017 | 92,000 /yr | |
| 1607 | 1-bed | 885 sqft | AED 1.28MAED 1,275,000 · Sep 2014September 2014 | 73,846 /yr | |
| 1609 | 1-bed | 796 sqft | AED 1.23MAED 1,234,092 · Sep 2014September 2014 | 68,000 /yr | |
| 1610 | 1-bed | 872 sqft | AED 1.03MAED 1,028,432 · Dec 2014December 2014 | 71,663 /yr |
1608, Fairview Residency in numbers
- Sold twice: first on 9 July 2013 for AED 1,055,534, last on 12 February 2017 for AED 1,100,000 (AED 1,381 per sqft).
- Rented since July 2015 on 6 Ejari contracts. The rent fell from AED 90,000 to AED 45,000 in 2021 and recovered to AED 79,572 by August 2024.
- At AED 79,572 a year the gross yield on the 2017 price is 7.2%, before a service charge of about AED 12,000 a year (AED 15.11 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 10 August 2024.
Questions about 1608, Fairview Residency
What did unit 1608 last sell for?
AED 1,100,000 on 12 February 2017: AED 1,381 per sqft for 796 sqft. The unit has 2 registered sales; the first was AED 1,055,534 in July 2013.
What is the rent for unit 1608?
AED 79,572 a year on the contract renewed on 10 August 2024. The previous contract, from August 2023, was AED 80,000; the unit has been rented since July 2015.
How big is unit 1608?
796 sqft (74.0 sqm): a one-bedroom apartment on the 16th floor of a 18-storey tower completed in 2014.
What is unit 1608 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 1608, Fairview Residency
Starts from the last sale price (AED 1.1M, 12 February 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 1,100,000
- Deposit, UAE resident (20%)
- AED 220,000
- Deposit, non-resident (40%)
- AED 440,000
- Monthly over 25 years at 3.7%
- AED 4,500
Plus AED 51,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →