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1-bed · 810 sqftFortunato, Jumeirah Village Circle (JVC) · 3rd floor · completed 2014

348, Fortunato

Sold prices and rental history: sold once, by the developer in June 2009, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 348 · DLD and Ejari recordsUpdated 13 November 2024
Last soldAED 592K24 June 2009
Current rentAED 47K /yr13 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 348, Fortunato

What is 348 worth today?

Last sold for AED 592,392 in 2009

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13 Nov 2024RentedNew contract
AED 47,400/yr12 months · AED 59 per sqft
13 Nov 2023RentedNew contract
AED 39,500/yr12 months · AED 49 per sqft
13 Nov 2022RentedNew contract
AED 39,500/yr12 months · AED 49 per sqft
12 Nov 2020RentedNew contract
AED 35,000/yr12 months · AED 43 per sqft
1 Oct 2019RentedRenewal
AED 57,000/yr12 months · AED 71 per sqft
1 Oct 2018RentedNew contract
AED 60,000/yr12 months · AED 74 per sqft
24 Jun 2009Sold by developerOff-plan
AED 592,392AED 730 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 13 November 2024.

Key facts

Type
1-bed apartment
Size
810 sqft
Floor
3rd of 4
Parking
B-109
Developer
Al Tajir Real Estate
Completed
2014
Service charge
AED 8,300 /yr
Last sold
AED 592K · June 2009
Building
Fortunato

About 348, Fortunato

348 is a one-bedroom apartment of 810 sqft on the 3rd floor of Fortunato, a 4-storey tower in Jumeirah Village Circle (JVC) completed in 2014 by Al Tajir Real Estate. The developer sold it on 24 June 2009 for AED 592,392, or AED 730 per sqft, in line with the AED 733 one-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 13 November 2024, is AED 47,400 a year: a gross yield of 8.0% on the 2009 price, before the service charge of about AED 8,300 a year.

Sales and rents for 348 over time

Sales
Unit 348, each saleTypical one-bed in Fortunato
400K600K800K2009201420192024Typical sale price by year: 2009 AED 630,000; 2013 AED 447,616; 2014 AED 645,600; 2015 AED 800,000; 2016 AED 565,000; 2017 AED 710,000; 2018 AED 564,700; 2019 AED 536,500; 2020 AED 485,000; 2021 AED 499,999; 2022 AED 519,500; 2023 AED 650,000; 2024 AED 740,000; 2025 AED 837,500Sold by developer, June 2009: AED 592,392 (AED 730 per sqft)

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

Rents
Unit 348, each contractTypical one-bed in Fortunato
40K60K20152018202120242027Typical rent by year: 2015 AED 72,000; 2016 AED 70,000; 2017 AED 68,000; 2018 AED 60,000; 2019 AED 52,000; 2020 AED 42,000; 2021 AED 38,250; 2022 AED 43,000; 2023 AED 54,000; 2024 AED 59,000; 2025 AED 65,000; 2026 AED 62,950New contract, October 2018: AED 60,000 a yearRenewal, October 2019: AED 57,000 a yearNew contract, November 2020: AED 35,000 a yearNew contract, November 2022: AED 39,500 a yearNew contract, November 2023: AED 39,500 a yearNew contract, November 2024: AED 47,400 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 Fortunato, and where 348 sits

All 149 1-beds →

348 last sold in June 2009 at AED 730 per sqft, in line with what one-beds in Fortunato were fetching at the time (AED 733). Over the last 12 months one-beds sold for AED 850,000 to 1,000,000, around AED 858 per sqft, and rent for AED 54,574 to 100,000 a year. 348's AED 47,400 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
21 Jan 20261,000,000
9 Jan 2026900,000
22 Jul 2025851,000
18 Jul 2025933,000
3 1-bed sales in the last 12 months

Fortunato

Building

324 apartments, studios to 4-bed over 4 floors in Jumeirah Village Circle (JVC), completed in 2014 by Al Tajir Real Estate. 5 sold in the last 12 months.

Typical price per sqft
AED 912
Typical sale
AED 900K
Typical rent
AED 65K /yr
Typical yield
8.8%
Fortunato, Jumeirah Village Circle (JVC): prices, sales and rents →

Other units on the 3rd floor

All 324 units in Fortunato
Value
3011-bedAED 208K · Feb 2018
3022-bedAED 992K · Aug 2009
303AED 1.44M · Aug 2025
3042-bedAED 1.18M · Mar 2015
3051-bedAED 609K · Aug 2009
3061-bedNo registered sale
3071-bedAED 614K · Aug 2009
1–7 of 61

348, Fortunato in numbers

  • Sold once: by Al Tajir Real Estate on 24 June 2009 for AED 592,392, or AED 730 per sqft.
  • Rented since October 2018 on 6 Ejari contracts. The rent fell from AED 60,000 to AED 35,000 in 2020 and recovered to AED 47,400 by November 2024.
  • At AED 47,400 a year the gross yield on the 2009 price is 8.0%, before a service charge of about AED 8,300 a year (AED 10.28 per sqft).
  • One-beds in Fortunato sold for AED 850,000–1,000,000 in the 12 months to November 2026; the building's median across all types is AED 912 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 13 November 2024.

Questions about 348, Fortunato

What did unit 348 last sell for?

AED 592,392 on 24 June 2009, sold by the developer: AED 730 per sqft for 810 sqft. It is the only registered sale of the unit.

What is the rent for unit 348?

AED 47,400 a year on the contract signed on 13 November 2024. The previous contract, from November 2023, was AED 39,500; the unit has been rented since October 2018.

How big is unit 348?

810 sqft (75.3 sqm): a one-bedroom apartment on the 3rd floor of a 4-storey tower completed in 2014.

What is unit 348 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Fortunato sold for AED 850,000 to 1,000,000 in the last 12 months, around AED 858 per sqft.

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Mortgage on 348, Fortunato

Starts from the last sale price (AED 592K, 24 June 2009). Switch to today's estimate once you have unlocked it.
Price
AED 592,392
Deposit, UAE resident (20%)
AED 118,478
Deposit, non-resident (40%)
AED 236,957
Monthly over 25 years at 3.7%
AED 2,424

Plus AED 29,891 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →