1201, Residence 22 (Formerly Fareed Tower)
Sold prices and rental history: sold twice, last in October 2024, 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 1201, Residence 22 (Formerly Fareed Tower)
What is 1201 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 October 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 3,934 sqft
- Floor
- 12th of 22
- Parking
- B3-02, B3-03
- Completed
- 2016
- Last sold
- AED 11.87M · October 2024
About 1201, Residence 22 (Formerly Fareed Tower)
1201 is a two-bedroom apartment of 3,934 sqft on the 12th floor of Residence 22 (Formerly Fareed Tower), a 22-storey tower in Business Bay completed in 2016. It last sold on 1 October 2024 for AED 11,872,000, or AED 3,017 per sqft.
It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, renewed on 5 March 2022, is AED 363,000 a year: a gross yield of 3.1% on the 2024 price.
2-beds in Residence 22 (Formerly Fareed Tower), and where 1201 sits
All 1 2-beds →Residence 22 (Formerly Fareed Tower)
Building23 apartments, studios to 4-bed over 22 floors in Business Bay, completed in 2016. No sale in the last 12 months.
- Typical price per sqft
- Few sales
- Typical sale
- Few sales
- Typical rent
- Few contracts
- Typical yield
1201, Residence 22 (Formerly Fareed Tower) in numbers
- Sold twice: first on 26 May 2022 for AED 7,236,153, last on 1 October 2024 for AED 11,872,000 (AED 3,017 per sqft).
- Rented since March 2017 on 5 Ejari contracts, from AED 387,500 to AED 363,000 a year.
- At AED 363,000 a year the gross yield on the 2024 price is 3.1%.
Source: YallaValue analysis of Dubai Land Department records. Updated 1 October 2024.
Questions about 1201, Residence 22 (Formerly Fareed Tower)
What did unit 1201 last sell for?
AED 11,872,000 on 1 October 2024: AED 3,017 per sqft for 3,934 sqft. The unit has 2 registered sales; the first was AED 7,236,153 in May 2022.
What is the rent for unit 1201?
AED 363,000 a year on the contract renewed on 5 March 2022. The previous contract, from March 2021, was AED 330,000; the unit has been rented since March 2017.
How big is unit 1201?
3,934 sqft (365.5 sqm): a two-bedroom apartment on the 12th floor of a 22-storey tower completed in 2016.
What is unit 1201 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 1201, Residence 22 (Formerly Fareed Tower)
Starts from the last sale price (AED 11.87M, 1 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 11,872,000
- Deposit, UAE resident (20%)
- AED 2,374,400
- Deposit, non-resident (40%)
- AED 4,748,800
- Monthly over 25 years at 3.7%
- AED 48,572
Plus AED 503,634 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →