2-bed · 1,514 sqftFairways North Tower, The Views · 7th floor · completed 2008

701, Fairways North Tower

Sold prices and rental history: sold twice, last in January 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 701 · DLD and Ejari recordsUpdated 14 October 2024
Last soldAED 1.15M10 January 2012
Current rentAED 180K /yr14 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 701, Fairways North Tower

What is 701 worth today?

Last sold for AED 1,152,888 in 2012

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14 Oct 2024RentedNew contract
AED 180,000/yr12 months · AED 119 per sqft
25 Aug 2023RentedNew contract
AED 160,000/yr12 months · AED 105 per sqft
24 Aug 2022RentedRenewal
AED 113,400/yr12 months · AED 75 per sqft
24 Aug 2021RentedNew contract
AED 108,000/yr12 months · AED 71 per sqft
11 Oct 2020RentedRenewal
AED 100,000/yr12 months · AED 66 per sqft
11 Oct 2019RentedNew contract
AED 110,000/yr12 months · AED 72 per sqft
1 Jan 2018RentedRenewal
AED 150,000/yr12 months · AED 99 per sqft
1 Jan 2017RentedNew contract
AED 150,000/yr12 months · AED 99 per sqft

Source: Dubai Land Department. Updated 14 October 2024.

Key facts

Type
2-bed apartment
Size
1,514 sqft
Floor
7th of 26
Parking
P1- 47
Developer
Emaar
Completed
2008
Service charge
AED 25,000 /yr
Last sold
AED 1.15M · January 2012

About 701, Fairways North Tower

701 is a two-bedroom apartment of 1,514 sqft on the 7th floor of Fairways North Tower, a 26-storey tower in The Views completed in 2008 by Emaar. It last sold on 10 January 2012 for AED 1,152,888, or AED 1,522 per sqft, 68% above the AED 904 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 13 Ejari contracts. The current contract, signed on 14 October 2024, is AED 180,000 a year: a gross yield of 15.6% on the 2012 price, before the service charge of about AED 25,000 a year.

Sales and rents for 701 over time

Sales
Unit 701, 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, January 2012: AED 1,152,888 (AED 1,522 per sqft)Sold by developer, January 2012: AED 1,152,888 (AED 761 per sqft)

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

Rents
Unit 701, 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, May 2013: AED 110,000 a yearRenewal, May 2014: AED 110,000 a yearNew contract, November 2014: AED 165,000 a yearRenewal, November 2015: AED 165,000 a yearNew contract, March 2016: AED 160,000 a yearNew contract, January 2017: AED 150,000 a yearRenewal, January 2018: AED 150,000 a yearNew contract, October 2019: AED 110,000 a yearRenewal, October 2020: AED 100,000 a yearNew contract, August 2021: AED 108,000 a yearRenewal, August 2022: AED 113,400 a yearNew contract, August 2023: AED 160,000 a yearNew contract, October 2024: AED 180,000 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 701 sits

All 63 2-beds →

701 last sold in January 2012 at AED 1,522 per sqft, 68% above what two-beds in Fairways North Tower were fetching at the time (AED 904). 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. 701's AED 180,000 is in the upper half 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 7th floor

All 162 units in Fairways North Tower
Value
7021-bedAED 645K · Jul 2010
7031-bedAED 834K · Aug 2010
7041-bedAED 1.24M · Jul 2023
7052-bedAED 1.35M · Sep 2009
7061-bedAED 898K · Jul 2010
7072-bedAED 3M · Mar 2015

701, Fairways North Tower in numbers

  • Sold twice: first on 4 January 2012 for AED 1,152,888, last on 10 January 2012 for AED 1,152,888 (AED 1,522 per sqft).
  • Rented since May 2013 on 13 Ejari contracts, from AED 110,000 to AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2012 price is 15.6%, 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 14 October 2024.

Questions about 701, Fairways North Tower

What did unit 701 last sell for?

AED 1,152,888 on 10 January 2012: AED 1,522 per sqft for 1,514 sqft. The unit has 2 registered sales; the first was AED 1,152,888 in January 2012.

What is the rent for unit 701?

AED 180,000 a year on the contract signed on 14 October 2024. The previous contract, from August 2023, was AED 160,000; the unit has been rented since May 2013.

How big is unit 701?

1,514 sqft (140.7 sqm): a two-bedroom apartment on the 7th floor of a 26-storey tower completed in 2008.

What is unit 701 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 701, Fairways North Tower

Starts from the last sale price (AED 1.15M, 10 January 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,152,888
Deposit, UAE resident (20%)
AED 230,578
Deposit, non-resident (40%)
AED 461,155
Monthly over 25 years at 3.7%
AED 4,717

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