1-bed · 772 sqftFairways West Tower, The Views · 5th floor · completed 2008

506, Fairways West Tower

Sold prices and rental history: sold twice, last in March 2024, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 506 · DLD and Ejari recordsUpdated 6 March 2024
Last soldAED 1.6M6 March 2024
Current rentAED 85K /yr27 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 506, Fairways West Tower

What is 506 worth today?

Last sold for AED 1,600,000 in 2024

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6 Mar 2024SoldReady
AED 1,600,000AED 2,072 per sqft
27 Jul 2023RentedRenewal
AED 85,000/yr12 months · AED 110 per sqft
27 Jul 2022RentedRenewal
AED 80,000/yr12 months · AED 103 per sqft
27 Jul 2021RentedRenewal
AED 75,000/yr12 months · AED 97 per sqft
27 Jul 2020RentedRenewal
AED 75,000/yr12 months · AED 97 per sqft
27 Jul 2019RentedNew contract
AED 80,000/yr12 months · AED 103 per sqft
1 Dec 2017RentedNew contract
AED 105,000/yr12 months · AED 135 per sqft
27 Nov 2015RentedNew contract
AED 110,000/yr12 months · AED 142 per sqft

Source: Dubai Land Department. Updated 6 March 2024.

Key facts

Type
1-bed apartment
Size
772 sqft
Floor
5th of 31
Parking
G- 119
Developer
Emaar
Completed
2008
Service charge
AED 12,700 /yr
Last sold
AED 1.6M · March 2024

About 506, Fairways West Tower

506 is a one-bedroom apartment of 772 sqft on the 5th floor of Fairways West Tower, a 31-storey tower in The Views completed in 2008 by Emaar. It last sold on 6 March 2024 for AED 1,600,000, or AED 2,072 per sqft, 10% above the AED 1,889 one-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 10 Ejari contracts. The current contract, renewed on 27 July 2023, is AED 85,000 a year: a gross yield of 5.3% on the 2024 price, before the service charge of about AED 12,700 a year.

Sales and rents for 506 over time

Sales
Unit 506, each saleTypical one-bed in Fairways West Tower
1M2M2009201420192024Typical sale price by year: 2009 AED 780,888; 2010 AED 847,888; 2011 AED 840,944; 2012 AED 945,000; 2013 AED 980,944; 2014 AED 1,540,000; 2015 AED 1,297,509; 2016 AED 1,322,500; 2017 AED 1,485,000; 2018 AED 1,270,000; 2019 AED 1,067,500; 2020 AED 1,110,000; 2021 AED 1,225,000; 2022 AED 1,300,000; 2023 AED 1,275,000; 2024 AED 1,650,000; 2025 AED 1,900,000Sold by developer, June 2010: AED 375,444 (AED 486 per sqft)Sold, March 2024: AED 1,600,000 (AED 2,072 per sqft)

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

Rents
Unit 506, each contractTypical one-bed in Fairways West Tower
80K100K120K2012201620202024Typical rent by year: 2012 AED 75,000; 2013 AED 86,063; 2014 AED 102,000; 2015 AED 105,000; 2016 AED 105,000; 2017 AED 100,000; 2018 AED 95,000; 2019 AED 82,000; 2020 AED 72,000; 2021 AED 72,000; 2022 AED 78,325; 2023 AED 93,000; 2024 AED 99,750; 2025 AED 105,000; 2026 AED 106,500New contract, November 2012: AED 85,000 a yearNew contract, November 2013: AED 87,125 a yearNew contract, November 2014: AED 115,000 a yearNew contract, November 2015: AED 110,000 a yearNew contract, December 2017: AED 105,000 a yearNew contract, July 2019: AED 80,000 a yearRenewal, July 2020: AED 75,000 a yearRenewal, July 2021: AED 75,000 a yearRenewal, July 2022: AED 80,000 a yearRenewal, July 2023: AED 85,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Fairways West Tower, and where 506 sits

All 115 1-beds →

506 last sold in March 2024 at AED 2,072 per sqft, 10% above what one-beds in Fairways West Tower were fetching at the time (AED 1,889). Over the last 12 months one-beds sold for AED 550,000, around AED 1,204 per sqft, and rent for AED 81,713 to 145,000 a year. 506's AED 85,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
21 Jan 2026550,000
6 Jan 202628,131
5 Jan 202680,800
5 Jul 202561,491
3 1-bed sales in the last 12 months

Fairways West Tower

Building

209 apartments, 1-bed to 3-bed over 31 floors in The Views, completed in 2008 by Emaar. 4 sold in the last 12 months.

Typical price per sqft
AED 1,845
Typical sale
AED 2.45M
Typical rent
AED 120K /yr
Typical yield
7.8%
Fairways West Tower, The Views: prices, sales and rents →

Other units on the 5th floor

All 209 units in Fairways West Tower
Value
5012-bedAED 1.85M · Oct 2022
5021-bedAED 601K · Aug 2010
5031-bedAED 739K · Dec 2009
5041-bedAED 1.23M · Mar 2023
5052-bedAED 1.39M · Oct 2009
5073-bedAED 2.43M · Feb 2013

506, Fairways West Tower in numbers

  • Sold twice: first on 1 June 2010 for AED 375,444, last on 6 March 2024 for AED 1,600,000 (AED 2,072 per sqft).
  • Rented since November 2012 on 10 Ejari contracts. The rent fell from AED 85,000 to AED 75,000 in 2021 and recovered to AED 85,000 by July 2023.
  • At AED 85,000 a year the gross yield on the 2024 price is 5.3%, before a service charge of about AED 12,700 a year (AED 16.48 per sqft).
  • One-beds in Fairways West Tower sold for AED 550,000–550,000 in the 12 months to November 2026; the building's median across all types is AED 1,845 per sqft.

Source: Dubai Land Department. Updated 6 March 2024.

Questions about 506, Fairways West Tower

What did unit 506 last sell for?

AED 1,600,000 on 6 March 2024: AED 2,072 per sqft for 772 sqft. The unit has 2 registered sales; the first was AED 375,444 in June 2010.

What is the rent for unit 506?

AED 85,000 a year on the contract renewed on 27 July 2023. The previous contract, from July 2022, was AED 80,000; the unit has been rented since November 2012.

How big is unit 506?

772 sqft (71.7 sqm): a one-bedroom apartment on the 5th floor of a 31-storey tower completed in 2008.

What is unit 506 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Fairways West Tower sold for AED 550,000 to 550,000 in the last 12 months, around AED 1,204 per sqft.

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Mortgage on 506, Fairways West Tower

Starts from the last sale price (AED 1.6M, 6 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

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