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1-bed · 1,236 sqftFairways Lofts, The Views · 3rd floor · completed 2008

305, Fairways Lofts

Sold prices and rental history: sold 4 times, last in February 2020, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 305 · DLD and Ejari recordsUpdated 7 November 2020
Last soldAED 1.05M19 February 2020
Current rentAED 85K /yr7 November 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 305, Fairways Lofts

What is 305 worth today?

Last sold for AED 1,050,000 in 2020

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7 Nov 2020RentedRenewal
AED 85,000/yr12 months · AED 69 per sqft
19 Feb 2020SoldReady
AED 1,050,000AED 849 per sqft
7 Nov 2019RentedNew contract
AED 112,000/yr12 months · AED 90 per sqft
7 Aug 2017SoldReady
AED 1,200,000AED 970 per sqft
31 Jul 2017RentedNew contract
AED 94,376/yr15 months · AED 76 per sqft
27 Feb 2012SoldReady
AED 1,100,000AED 889 per sqft
2 May 2010Sold by developerReady
AED 1,065,888AED 862 per sqft

Source: Dubai Land Department. Updated 7 November 2020.

Key facts

Type
1-bed apartment
Size
1,236 sqft
Floor
3rd of 4
Parking
P2-14
Developer
Emaar
Completed
2008
Service charge
AED 20,400 /yr
Last sold
AED 1.05M · February 2020
Building
Fairways Lofts

About 305, Fairways Lofts

305 is a one-bedroom apartment of 1,236 sqft on the 3rd floor of Fairways Lofts, a 4-storey tower in The Views completed in 2008 by Emaar. It last sold on 19 February 2020 for AED 1,050,000, or AED 849 per sqft, 9% below the AED 930 one-beds in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, renewed on 7 November 2020, is AED 85,000 a year: a gross yield of 8.1% on the 2020 price, before the service charge of about AED 20,400 a year.

Sales and rents for 305 over time

Sales
Unit 305, each saleTypical one-bed in Fairways Lofts
1M2M2010201420182022Typical sale price by year: 2010 AED 1,065,888; 2012 AED 1,100,000; 2017 AED 1,200,000; 2020 AED 1,150,000; 2022 AED 1,415,000; 2023 AED 1,925,000; 2024 AED 2,225,000Sold by developer, May 2010: AED 1,065,888 (AED 862 per sqft)Sold, February 2012: AED 1,100,000 (AED 889 per sqft)Sold, August 2017: AED 1,200,000 (AED 970 per sqft)Sold, February 2020: AED 1,050,000 (AED 849 per sqft)

305 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 305, each contractTypical one-bed in Fairways Lofts
100K150K2013201720212025Typical rent by year: 2013 AED 99,643; 2017 AED 120,000; 2020 AED 93,000; 2021 AED 95,000; 2022 AED 102,950; 2023 AED 113,500; 2024 AED 135,000; 2025 AED 142,500New contract, July 2017: AED 94,376 a yearNew contract, November 2019: AED 112,000 a yearRenewal, November 2020: AED 85,000 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 Fairways Lofts, and where 305 sits

All 10 1-beds →

305 last sold in February 2020 at AED 849 per sqft, 9% below what one-beds in Fairways Lofts were fetching at the time (AED 930).

Recent 1-bed salesUnit no.Price (AED)Summary
20 Sep 20242,295,000
5 Jul 20242,100,000
10 Jun 20242,225,000
24 Apr 20231,900,000
0 1-bed sales in the last 12 months

Fairways Lofts

Building

21 apartments, 1-bed to 2-bed over 4 floors in The Views, completed in 2008 by Emaar. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 213K /yr
Typical yield
Fairways Lofts, The Views: prices, sales and rents →

Other units on the 3rd floor

All 21 units in Fairways Lofts
Value
3021-bedAED 1.52M · Feb 2020
3031-bedAED 2.1M · Jul 2024
3041-bedAED 1.9M · Apr 2023
3061-bedAED 2M · Mar 2023
3071-bedAED 2.3M · Sep 2024
3081-bedAED 1.42M · May 2022
3091-bedAED 1.95M · Apr 2023
1–7 of 9

305, Fairways Lofts in numbers

  • Sold 4 times: first on 2 May 2010 for AED 1,065,888, last on 19 February 2020 for AED 1,050,000 (AED 849 per sqft).
  • Rented since July 2017 on 3 Ejari contracts, from AED 94,376 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2020 price is 8.1%, before a service charge of about AED 20,400 a year (AED 16.48 per sqft).

Source: Dubai Land Department. Updated 7 November 2020.

Questions about 305, Fairways Lofts

What did unit 305 last sell for?

AED 1,050,000 on 19 February 2020: AED 849 per sqft for 1,236 sqft. The unit has 4 registered sales; the first was AED 1,065,888 in May 2010.

What is the rent for unit 305?

AED 85,000 a year on the contract renewed on 7 November 2020. The previous contract, from November 2019, was AED 112,000; the unit has been rented since July 2017.

How big is unit 305?

1,236 sqft (114.8 sqm): a one-bedroom apartment on the 3rd floor of a 4-storey tower completed in 2008.

What is unit 305 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 305, Fairways Lofts

Starts from the last sale price (AED 1.05M, 19 February 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,050,000
Deposit, UAE resident (20%)
AED 210,000
Deposit, non-resident (40%)
AED 420,000
Monthly over 25 years at 3.7%
AED 4,296

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