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2-bed · 1,930 sqftFairways Lofts, The Views · 4th floor · completed 2008

402, Fairways Lofts

Sold prices and rental history: sold 4 times, last in November 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402 · DLD and Ejari recordsUpdated 17 November 2023
Last soldAED 3.2M17 November 2023
Current rentAED 156K /yr1 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 402, Fairways Lofts

What is 402 worth today?

Last sold for AED 3,200,000 in 2023

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17 Nov 2023SoldReady
AED 3,200,000AED 1,658 per sqft
1 May 2023RentedRenewal
AED 156,000/yr12 months · AED 81 per sqft
1 May 2022RentedNew contract
AED 130,000/yr12 months · AED 67 per sqft
1 May 2021RentedNew contract
AED 130,000/yr12 months · AED 67 per sqft
5 Mar 2020RentedRenewal
AED 190,000/yr12 months · AED 99 per sqft
5 Mar 2019RentedRenewal
AED 195,000/yr12 months · AED 101 per sqft
30 Dec 2013SoldReady
AED 3,300,000AED 1,709 per sqft
18 Apr 2013SoldReady
AED 2,600,000AED 1,347 per sqft

Source: Dubai Land Department. Updated 17 November 2023.

Key facts

Type
2-bed apartment
Size
1,930 sqft
Floor
4th of 4
Parking
P2-47
Developer
Emaar
Completed
2008
Service charge
AED 31,800 /yr
Last sold
AED 3.2M · November 2023
Building
Fairways Lofts

About 402, Fairways Lofts

402 is a two-bedroom apartment of 1,930 sqft on the 4th floor of Fairways Lofts, a 4-storey tower in The Views completed in 2008 by Emaar. It last sold on 17 November 2023 for AED 3,200,000, or AED 1,658 per sqft.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 1 May 2023, is AED 156,000 a year: a gross yield of 4.9% on the 2023 price, before the service charge of about AED 31,800 a year.

Sales and rents for 402 over time

Sales
Unit 402, each saleTypical two-bed in Fairways Lofts
2M3M2010201420182022Typical sale price by year: 2010 AED 1,719,888; 2013 AED 2,612,500Sold by developer, May 2010: AED 1,719,888 (AED 891 per sqft)Sold, April 2013: AED 2,600,000 (AED 1,347 per sqft)Sold, December 2013: AED 3,300,000 (AED 1,709 per sqft)Sold, November 2023: AED 3,200,000 (AED 1,658 per sqft)

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

Rents
Unit 402, each contractTypical two-bed in Fairways Lofts
150K200K20132016201920222025Typical rent by year: 2013 AED 172,500; 2015 AED 200,000; 2016 AED 200,000; 2017 AED 200,571; 2018 AED 170,000; 2019 AED 145,000; 2020 AED 130,000; 2021 AED 132,500; 2022 AED 160,000; 2023 AED 170,000; 2024 AED 216,000New contract, February 2013: AED 175,000 a yearRenewal, March 2019: AED 195,000 a yearRenewal, March 2020: AED 190,000 a yearNew contract, May 2021: AED 130,000 a yearNew contract, May 2022: AED 130,000 a yearRenewal, May 2023: AED 156,000 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 Fairways Lofts, and where 402 sits

All 11 2-beds →
Recent 2-bed salesUnit no.Price (AED)Summary
8 Mar 20243,125,000
10 Aug 20233,000,000
11 Apr 20222,500,000
17 Aug 20212,700,000
0 2-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 4th floor

All 21 units in Fairways Lofts
Value
4012-bedAED 1.59M · Jan 2016
4032-bedAED 3M · Aug 2023
4042-bedAED 900K · Nov 2010
4052-bedAED 900K · Nov 2010
4062-bedAED 2.8M · Dec 2016
4072-bedAED 1.95M · Dec 2020
4082-bedAED 2.65M · Sep 2013
1–7 of 10

402, Fairways Lofts in numbers

  • Sold 4 times: first on 2 May 2010 for AED 1,719,888, last on 17 November 2023 for AED 3,200,000 (AED 1,658 per sqft).
  • Rented since February 2013 on 6 Ejari contracts. The rent fell from AED 175,000 to AED 130,000 in 2022 and recovered to AED 156,000 by May 2023.
  • At AED 156,000 a year the gross yield on the 2023 price is 4.9%, before a service charge of about AED 31,800 a year (AED 16.48 per sqft).

Source: Dubai Land Department. Updated 17 November 2023.

Questions about 402, Fairways Lofts

What did unit 402 last sell for?

AED 3,200,000 on 17 November 2023: AED 1,658 per sqft for 1,930 sqft. The unit has 4 registered sales; the first was AED 1,719,888 in May 2010.

What is the rent for unit 402?

AED 156,000 a year on the contract renewed on 1 May 2023. The previous contract, from May 2022, was AED 130,000; the unit has been rented since February 2013.

How big is unit 402?

1,930 sqft (179.3 sqm): a two-bedroom apartment on the 4th floor of a 4-storey tower completed in 2008.

What is unit 402 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 402, Fairways Lofts

Starts from the last sale price (AED 3.2M, 17 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,200,000
Deposit, UAE resident (20%)
AED 640,000
Deposit, non-resident (40%)
AED 1,280,000
Monthly over 25 years at 3.7%
AED 13,092

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