2-bed · 1,514 sqftFairways North Tower, The Views · 16th floor · completed 2008

1601, Fairways North Tower

Sold prices and rental history: sold once, by the developer in April 2013, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1601 · DLD and Ejari recordsUpdated 1 December 2024
Last soldAED 1.23M21 April 2013
Current rentAED 118K /yr1 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1601, Fairways North Tower

What is 1601 worth today?

Last sold for AED 1,233,888 in 2013

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1 Dec 2024RentedRenewal
AED 118,278/yr12 months · AED 78 per sqft
1 Dec 2023RentedRenewal
AED 107,525/yr12 months · AED 71 per sqft
1 Dec 2022RentedRenewal
AED 97,750/yr12 months · AED 64 per sqft
1 Dec 2021RentedRenewal
AED 85,000/yr12 months · AED 56 per sqft
1 Dec 2020RentedNew contract
AED 85,000/yr12 months · AED 56 per sqft
1 Mar 2019RentedNew contract
AED 120,000/yr12 months · AED 79 per sqft
6 Feb 2018RentedNew contract
AED 135,000/yr12 months · AED 89 per sqft
21 Apr 2013Sold by developerReady
AED 1,233,888AED 814 per sqft

Source: Dubai Land Department. Updated 1 December 2024.

Key facts

Type
2-bed apartment
Size
1,514 sqft
Floor
16th of 26
Parking
P1-109
Developer
Emaar
Completed
2008
Service charge
AED 25,000 /yr
Last sold
AED 1.23M · April 2013

About 1601, Fairways North Tower

1601 is a two-bedroom apartment of 1,514 sqft on the 16th floor of Fairways North Tower, a 26-storey tower in The Views completed in 2008 by Emaar. The developer sold it on 21 April 2013 for AED 1,233,888, or AED 814 per sqft, 24% below the AED 1,072 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, renewed on 1 December 2024, is AED 118,278 a year: a gross yield of 9.6% on the 2013 price, before the service charge of about AED 25,000 a year.

Sales and rents for 1601 over time

Sales
Unit 1601, each saleTypical two-bed in Fairways North Tower
1M2M3M2009201420192024Typical sale price by year: 2009 AED 1,550,888; 2010 AED 1,390,888; 2011 AED 1,390,888; 2012 AED 1,595,000; 2013 AED 2,055,000; 2014 AED 2,675,000; 2015 AED 2,042,444; 2017 AED 2,387,500; 2021 AED 1,900,000; 2022 AED 2,180,000; 2023 AED 2,500,000; 2024 AED 2,850,000; 2025 AED 3,250,000Sold by developer, April 2013: AED 1,233,888 (AED 814 per sqft)

1601 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1601, each contractTypical two-bed in Fairways North Tower
100K150K2012201620202024Typical rent by year: 2012 AED 125,000; 2013 AED 138,250; 2014 AED 155,000; 2015 AED 165,000; 2016 AED 165,000; 2017 AED 162,000; 2018 AED 147,000; 2019 AED 135,000; 2020 AED 120,000; 2021 AED 120,000; 2022 AED 125,500; 2023 AED 150,000; 2024 AED 160,000; 2025 AED 175,500; 2026 AED 160,000New contract, February 2018: AED 135,000 a yearNew contract, March 2019: AED 120,000 a yearNew contract, December 2020: AED 85,000 a yearRenewal, December 2021: AED 85,000 a yearRenewal, December 2022: AED 97,750 a yearRenewal, December 2023: AED 107,525 a yearRenewal, December 2024: AED 118,278 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 North Tower, and where 1601 sits

All 63 2-beds →

1601 last sold in April 2013 at AED 814 per sqft, 24% below what two-beds in Fairways North Tower were fetching at the time (AED 1,072). Over the last 12 months two-beds sold for AED 4,050,000, around AED 2,647 per sqft, and rent for AED 140,000 to 185,000 a year. 1601's AED 118,278 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
21 Jan 20264,050,000
9 May 20253,950,000
2 May 20253,430,000
21 Apr 20252,775,000
1 2-bed sale in the last 12 months

Fairways North Tower

Building

162 apartments, 1-bed to 2-bed over 26 floors in The Views, completed in 2008 by Emaar. 4 sold in the last 12 months.

Typical price per sqft
AED 2,466
Typical sale
AED 2.44M
Typical rent
AED 111K /yr
Typical yield
5.2%
Fairways North Tower, The Views: prices, sales and rents →

Other units on the 16th floor

All 162 units in Fairways North Tower
Value
16021-bedAED 717K · Mar 2010
16031-bedAED 906K · Sep 2009
16041-bedAED 635K · Mar 2014
16052-bedAED 2.1M · Jul 2018
16061-bedAED 425K · Sep 2009
16072-bedAED 2.45M · Sep 2013

1601, Fairways North Tower in numbers

  • Sold once: by Emaar on 21 April 2013 for AED 1,233,888, or AED 814 per sqft.
  • Rented since February 2018 on 7 Ejari contracts. The rent fell from AED 135,000 to AED 85,000 in 2021 and recovered to AED 118,278 by December 2024.
  • At AED 118,278 a year the gross yield on the 2013 price is 9.6%, before a service charge of about AED 25,000 a year (AED 16.48 per sqft).
  • Two-beds in Fairways North Tower sold for AED 4,050,000–4,050,000 in the 12 months to November 2026; the building's median across all types is AED 2,466 per sqft.

Source: Dubai Land Department. Updated 1 December 2024.

Questions about 1601, Fairways North Tower

What did unit 1601 last sell for?

AED 1,233,888 on 21 April 2013, sold by the developer: AED 814 per sqft for 1,514 sqft. It is the only registered sale of the unit.

What is the rent for unit 1601?

AED 118,278 a year on the contract renewed on 1 December 2024. The previous contract, from December 2023, was AED 107,525; the unit has been rented since February 2018.

How big is unit 1601?

1,514 sqft (140.7 sqm): a two-bedroom apartment on the 16th floor of a 26-storey tower completed in 2008.

What is unit 1601 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Fairways North Tower sold for AED 4,050,000 to 4,050,000 in the last 12 months, around AED 2,647 per sqft.

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Mortgage on 1601, Fairways North Tower

Starts from the last sale price (AED 1.23M, 21 April 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,233,888
Deposit, UAE resident (20%)
AED 246,778
Deposit, non-resident (40%)
AED 493,555
Monthly over 25 years at 3.7%
AED 5,048

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