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2-bed · 1,480 sqftFairfield, Dubai Marina · 7th floor · completed 2010

702, Fairfield

Sold prices and rental history: sold 3 times, last in September 2018, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 702 · DLD and Ejari recordsUpdated 3 September 2018
Last soldAED 2.3M3 September 2018
Current rentAED 165K /yr10 November 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 702, Fairfield

What is 702 worth today?

Last sold for AED 2,300,000 in 2018

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3 Sep 2018SoldReady
AED 2,300,000AED 1,554 per sqft
10 Nov 2015RentedNew contract
AED 165,000/yr12 months · AED 111 per sqft
31 Oct 2014RentedNew contract
AED 150,000/yr12 months · AED 101 per sqft
31 Oct 2013RentedNew contract
AED 150,000/yr12 months · AED 101 per sqft
22 Feb 2011SoldReady
AED 1,551,888AED 1,048 per sqft
2 Mar 2010Sold by developerOff-plan
AED 1,551,888AED 1,048 per sqft

Source: Dubai Land Department. Updated 3 September 2018.

Key facts

Type
2-bed apartment
Size
1,480 sqft
Floor
7th of 31
Parking
P1-1168
Developer
Emaar
Completed
2010
Service charge
AED 19,100 /yr
Last sold
AED 2.3M · September 2018
Building
Fairfield

About 702, Fairfield

702 is a two-bedroom apartment of 1,480 sqft on the 7th floor of Fairfield, a 31-storey tower in Dubai Marina completed in 2010 by Emaar. It last sold on 3 September 2018 for AED 2,300,000, or AED 1,554 per sqft, 6% below the AED 1,649 two-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 10 November 2015, is AED 165,000 a year: a gross yield of 7.2% on the 2018 price, before the service charge of about AED 19,100 a year.

Sales and rents for 702 over time

Sales
Unit 702, each saleTypical two-bed in Fairfield
2M3M2009201420192024Typical sale price by year: 2009 AED 1,481,888; 2010 AED 1,636,888; 2011 AED 1,545,944; 2012 AED 1,667,444; 2013 AED 2,000,000; 2014 AED 2,865,000; 2015 AED 2,675,000; 2016 AED 2,737,500; 2017 AED 2,575,000; 2018 AED 2,290,000; 2020 AED 1,750,000; 2021 AED 1,850,000; 2022 AED 2,310,000; 2023 AED 2,550,000; 2024 AED 2,725,000; 2025 AED 2,875,000Sold by developer, March 2010: AED 1,551,888 (AED 1,048 per sqft)Sold, February 2011: AED 1,551,888 (AED 1,048 per sqft)Sold, September 2018: AED 2,300,000 (AED 1,554 per sqft)

702 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 702, each contractTypical two-bed in Fairfield
100K150K2012201620202024Typical rent by year: 2012 AED 115,000; 2013 AED 140,000; 2014 AED 160,000; 2015 AED 160,000; 2016 AED 160,000; 2017 AED 150,000; 2018 AED 140,000; 2019 AED 125,000; 2020 AED 105,000; 2021 AED 110,000; 2022 AED 125,000; 2023 AED 150,000; 2024 AED 160,000; 2025 AED 160,000; 2026 AED 160,000New contract, October 2013: AED 150,000 a yearNew contract, October 2014: AED 150,000 a yearNew contract, November 2015: AED 165,000 a year

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

2-beds in Fairfield, and where 702 sits

All 89 2-beds →

702 last sold in September 2018 at AED 1,554 per sqft, 6% below what two-beds in Fairfield were fetching at the time (AED 1,649). 702's AED 165,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
14 Jul 20253,000,000
25 Apr 20253,175,000
12 Mar 20252,750,000
17 Feb 20252,750,000
0 2-bed sales in the last 12 months

Fairfield

Building

189 apartments, 1-bed to 3-bed over 31 floors in Dubai Marina, completed in 2010 by Emaar. 4 sold in the last 12 months.

Typical price per sqft
AED 2,442
Typical sale
AED 2.35M
Typical rent
AED 120K /yr
Typical yield
5.1%
Fairfield, Dubai Marina: prices, sales and rents →

Other units on the 7th floor

All 189 units in Fairfield
Value
7012-bedAED 2.58M · Dec 2016
7032-bedAED 1.48M · May 2012
7041-bedAED 1.16M · Dec 2012
7051-bedAED 872K · Feb 2011
7061-bedAED 1.8M · Aug 2023

702, Fairfield in numbers

  • Sold 3 times: first on 2 March 2010 for AED 1,551,888, last on 3 September 2018 for AED 2,300,000 (AED 1,554 per sqft).
  • Rented since October 2013 on 3 Ejari contracts, from AED 150,000 to AED 165,000 a year.
  • At AED 165,000 a year the gross yield on the 2018 price is 7.2%, before a service charge of about AED 19,100 a year (AED 12.92 per sqft).

Source: Dubai Land Department. Updated 3 September 2018.

Questions about 702, Fairfield

What did unit 702 last sell for?

AED 2,300,000 on 3 September 2018: AED 1,554 per sqft for 1,480 sqft. The unit has 3 registered sales; the first was AED 1,551,888 in March 2010.

What is the rent for unit 702?

AED 165,000 a year on the contract signed on 10 November 2015. The previous contract, from October 2014, was AED 150,000; the unit has been rented since October 2013.

How big is unit 702?

1,480 sqft (137.5 sqm): a two-bedroom apartment on the 7th floor of a 31-storey tower completed in 2010.

What is unit 702 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 702, Fairfield

Starts from the last sale price (AED 2.3M, 3 September 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,300,000
Deposit, UAE resident (20%)
AED 460,000
Deposit, non-resident (40%)
AED 920,000
Monthly over 25 years at 3.7%
AED 9,410

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →