2-bed · 1,530 sqftFairways North Tower, The Views · 5th floor · completed 2008

505, Fairways North Tower

Sold prices and rental history: sold once, by the developer in August 2010, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 1 November 2024
Last soldAED 1.32M1 August 2010
Current rentAED 190K /yr1 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 505, Fairways North Tower

What is 505 worth today?

Last sold for AED 1,322,888 in 2010

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1 Nov 2024RentedNew contract
AED 190,000/yr12 months · AED 124 per sqft
1 Jan 2024RentedNew contract
AED 170,000/yr12 months · AED 111 per sqft
27 Dec 2020RentedRenewal
AED 110,000/yr12 months · AED 72 per sqft
25 Dec 2019RentedNew contract
AED 125,000/yr12 months · AED 82 per sqft
15 Dec 2016RentedRenewal
AED 160,000/yr12 months · AED 105 per sqft
1 Jan 2014RentedNew contract
AED 120,000/yr12 months · AED 79 per sqft
19 Jan 2012RentedNew contract
AED 110,000/yr12 months · AED 72 per sqft
1 Aug 2010Sold by developerReady
AED 1,322,888AED 864 per sqft

Source: Dubai Land Department. Updated 1 November 2024.

Key facts

Type
2-bed apartment
Size
1,530 sqft
Floor
5th of 26
Parking
G-108
Developer
Emaar
Completed
2008
Service charge
AED 25,200 /yr
Last sold
AED 1.32M · August 2010

About 505, Fairways North Tower

505 is a two-bedroom apartment of 1,530 sqft on the 5th floor of Fairways North Tower, a 26-storey tower in The Views completed in 2008 by Emaar. The developer sold it on 1 August 2010 for AED 1,322,888, or AED 864 per sqft, 4% below the AED 900 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 7 Ejari contracts. The current contract, signed on 1 November 2024, is AED 190,000 a year: a gross yield of 14.4% on the 2010 price, before the service charge of about AED 25,200 a year.

Sales and rents for 505 over time

Sales
Unit 505, 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, August 2010: AED 1,322,888 (AED 864 per sqft)

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

Rents
Unit 505, each contractTypical two-bed in Fairways North Tower
100K150K200K2012201620202024Typical 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, January 2012: AED 110,000 a yearNew contract, January 2014: AED 120,000 a yearRenewal, December 2016: AED 160,000 a yearNew contract, December 2019: AED 125,000 a yearRenewal, December 2020: AED 110,000 a yearNew contract, January 2024: AED 170,000 a yearNew contract, November 2024: AED 190,000 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 North Tower, and where 505 sits

All 63 2-beds →

505 last sold in August 2010 at AED 864 per sqft, 4% below what two-beds in Fairways North Tower were fetching at the time (AED 900). 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. 505's AED 190,000 is at the top 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 5th floor

All 162 units in Fairways North Tower
Value
5012-bedAED 1.32M · Nov 2009
5021-bedAED 629K · Feb 2011
5031-bedAED 1.79M · Mar 2014
5041-bedAED 1.5M · Oct 2014
5061-bedAED 1.6M · Jun 2023
5072-bedAED 1.69M · Sep 2009

505, Fairways North Tower in numbers

  • Sold once: by Emaar on 1 August 2010 for AED 1,322,888, or AED 864 per sqft.
  • Rented since January 2012 on 7 Ejari contracts, from AED 110,000 to AED 190,000 a year.
  • At AED 190,000 a year the gross yield on the 2010 price is 14.4%, before a service charge of about AED 25,200 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 November 2024.

Questions about 505, Fairways North Tower

What did unit 505 last sell for?

AED 1,322,888 on 1 August 2010, sold by the developer: AED 864 per sqft for 1,530 sqft. It is the only registered sale of the unit.

What is the rent for unit 505?

AED 190,000 a year on the contract signed on 1 November 2024. The previous contract, from January 2024, was AED 170,000; the unit has been rented since January 2012.

How big is unit 505?

1,530 sqft (142.1 sqm): a two-bedroom apartment on the 5th floor of a 26-storey tower completed in 2008.

What is unit 505 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 505, Fairways North Tower

Starts from the last sale price (AED 1.32M, 1 August 2010). Switch to today's estimate once you have unlocked it.
Price
AED 1,322,888
Deposit, UAE resident (20%)
AED 264,578
Deposit, non-resident (40%)
AED 529,155
Monthly over 25 years at 3.7%
AED 5,412

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