1-bed · 849 sqftFairview Residency, Business Bay · 17th floor · completed 2014

1701, Fairview Residency

Sold prices and rental history: sold twice, last in March 2014, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1701 · DLD and Ejari recordsUpdated 11 April 2019
Last soldAED 1.17M10 March 2014
Current rentAED 57K /yr11 April 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1701, Fairview Residency

What is 1701 worth today?

Last sold for AED 1,170,000 in 2014

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11 Apr 2019RentedNew contract
AED 57,000/yr12 months · AED 67 per sqft
1 Mar 2018RentedNew contract
AED 63,692/yr13 months · AED 75 per sqft
1 Oct 2016RentedRenewal
AED 85,000/yr12 months · AED 100 per sqft
1 Oct 2015RentedNew contract
AED 89,250/yr12 months · AED 105 per sqft
10 Mar 2014SoldOff-plan
AED 1,170,000AED 1,377 per sqft
7 Jun 2009Sold by developerOff-plan
AED 1,151,627AED 1,355 per sqft

Source: Dubai Land Department. Updated 11 April 2019.

Key facts

Type
1-bed apartment
Size
849 sqft
Floor
17th of 18
Parking
P1-53
Developer
Deyaar
Completed
2014
Service charge
AED 12,800 /yr
Last sold
AED 1.17M · March 2014

About 1701, Fairview Residency

1701 is a one-bedroom apartment of 849 sqft on the 17th floor of Fairview Residency, a 18-storey tower in Business Bay completed in 2014 by Deyaar. It last sold on 10 March 2014 for AED 1,170,000, or AED 1,377 per sqft, 4% below the AED 1,434 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, signed on 11 April 2019, is AED 57,000 a year: a gross yield of 4.9% on the 2014 price, before the service charge of about AED 12,800 a year.

Sales and rents for 1701 over time

Sales
Unit 1701, 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, June 2009: AED 1,151,627 (AED 1,355 per sqft)Sold, March 2014: AED 1,170,000 (AED 1,377 per sqft)

1701 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1701, 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 90,000New contract, October 2015: AED 89,250 a yearRenewal, October 2016: AED 85,000 a yearNew contract, March 2018: AED 63,692 a yearNew contract, April 2019: AED 57,000 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 Fairview Residency, and where 1701 sits

All 158 1-beds →

1701 last sold in March 2014 at AED 1,377 per sqft, 4% below what one-beds in Fairview Residency were fetching at the time (AED 1,434). 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. 1701's AED 57,000 is at the bottom of that range.

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 17th floor

All 166 units in Fairview Residency
Value
17022-bedAED 1.82M · Sep 2014
17031-bedAED 1.28M · Dec 2014
17042-bedAED 1.95M · Feb 2026
17051-bedAED 1.52M · Dec 2014
17062-bedAED 1.6M · Dec 2015
17071-bedAED 925K · Sep 2020
17082-bedAED 1.98M · Dec 2014

1701, Fairview Residency in numbers

  • Sold twice: first on 7 June 2009 for AED 1,151,627, last on 10 March 2014 for AED 1,170,000 (AED 1,377 per sqft).
  • Rented since October 2015 on 4 Ejari contracts, from AED 89,250 to AED 57,000 a year.
  • At AED 57,000 a year the gross yield on the 2014 price is 4.9%, before a service charge of about AED 12,800 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 11 April 2019.

Questions about 1701, Fairview Residency

What did unit 1701 last sell for?

AED 1,170,000 on 10 March 2014: AED 1,377 per sqft for 849 sqft. The unit has 2 registered sales; the first was AED 1,151,627 in June 2009.

What is the rent for unit 1701?

AED 57,000 a year on the contract signed on 11 April 2019. The previous contract, from March 2018, was AED 63,692; the unit has been rented since October 2015.

How big is unit 1701?

849 sqft (78.9 sqm): a one-bedroom apartment on the 17th floor of a 18-storey tower completed in 2014.

What is unit 1701 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 1701, Fairview Residency

Starts from the last sale price (AED 1.17M, 10 March 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,170,000
Deposit, UAE resident (20%)
AED 234,000
Deposit, non-resident (40%)
AED 468,000
Monthly over 25 years at 3.7%
AED 4,787

Plus AED 54,150 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →