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2-bed · 2,013 sqftFairways Lofts, The Views · 4th floor · completed 2008

407, Fairways Lofts

Sold prices and rental history: sold 3 times, last in December 2020, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 407 · DLD and Ejari recordsUpdated 8 April 2023
Last soldAED 1.95M10 December 2020
Current rentAED 160K /yr8 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 407, Fairways Lofts

What is 407 worth today?

Last sold for AED 1,950,000 in 2020

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8 Apr 2023RentedRenewal
AED 160,000/yr12 months · AED 79 per sqft
8 Apr 2022RentedNew contract
AED 160,000/yr12 months · AED 79 per sqft
10 Dec 2020SoldReady
AED 1,950,000AED 968 per sqft
1 Apr 2020RentedNew contract
AED 130,000/yr12 months · AED 65 per sqft
8 May 2013SoldReady
AED 2,625,000AED 1,304 per sqft
2 May 2010Sold by developerReady
AED 1,719,888AED 854 per sqft

Source: Dubai Land Department. Updated 8 April 2023.

Key facts

Type
2-bed apartment
Size
2,013 sqft
Floor
4th of 4
Parking
P2-3
Developer
Emaar
Completed
2008
Service charge
AED 33,200 /yr
Last sold
AED 1.95M · December 2020
Building
Fairways Lofts

About 407, Fairways Lofts

407 is a two-bedroom apartment of 2,013 sqft on the 4th floor of Fairways Lofts, a 4-storey tower in The Views completed in 2008 by Emaar. It last sold on 10 December 2020 for AED 1,950,000, or AED 968 per sqft.

It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 8 April 2023, is AED 160,000 a year: a gross yield of 8.2% on the 2020 price, before the service charge of about AED 33,200 a year.

Sales and rents for 407 over time

Sales
Unit 407, each saleTypical two-bed in Fairways Lofts
2M2.5M2010201320162019Typical sale price by year: 2010 AED 1,719,888; 2013 AED 2,612,500Sold by developer, May 2010: AED 1,719,888 (AED 854 per sqft)Sold, May 2013: AED 2,625,000 (AED 1,304 per sqft)Sold, December 2020: AED 1,950,000 (AED 968 per sqft)

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

Rents
Unit 407, 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, April 2020: AED 130,000 a yearNew contract, April 2022: AED 160,000 a yearRenewal, April 2023: AED 160,000 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 407 sits

All 11 2-beds →
Recent 2-bed salesUnit no.Price (AED)Summary
8 Mar 20243,125,000
17 Nov 20233,200,000
10 Aug 20233,000,000
11 Apr 20222,500,000
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
4022-bedAED 3.2M · Nov 2023
4032-bedAED 3M · Aug 2023
4042-bedAED 900K · Nov 2010
4052-bedAED 900K · Nov 2010
4062-bedAED 2.8M · Dec 2016
4082-bedAED 2.65M · Sep 2013
1–7 of 10

407, Fairways Lofts in numbers

  • Sold 3 times: first on 2 May 2010 for AED 1,719,888, last on 10 December 2020 for AED 1,950,000 (AED 968 per sqft).
  • Rented since April 2020 on 3 Ejari contracts, from AED 130,000 to AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2020 price is 8.2%, before a service charge of about AED 33,200 a year (AED 16.48 per sqft).

Source: Dubai Land Department. Updated 8 April 2023.

Questions about 407, Fairways Lofts

What did unit 407 last sell for?

AED 1,950,000 on 10 December 2020: AED 968 per sqft for 2,013 sqft. The unit has 3 registered sales; the first was AED 1,719,888 in May 2010.

What is the rent for unit 407?

AED 160,000 a year on the contract renewed on 8 April 2023. The previous contract, from April 2022, was AED 160,000; the unit has been rented since April 2020.

How big is unit 407?

2,013 sqft (187.0 sqm): a two-bedroom apartment on the 4th floor of a 4-storey tower completed in 2008.

What is unit 407 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 407, Fairways Lofts

Starts from the last sale price (AED 1.95M, 10 December 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,950,000
Deposit, UAE resident (20%)
AED 390,000
Deposit, non-resident (40%)
AED 780,000
Monthly over 25 years at 3.7%
AED 7,978

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