Fair View Residency in Business Bay - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Fair View Residency

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
1	72	17,956	1,300,000

Rents in Fair View Residency

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
1	78	1,026	80,000
2	119	1,160	138,000

The cap rate (rental yield) of investments into Fair View Residency project is 6.2% on average.

The price of an apartment in Fair View Residency is 17,956 AED/sqm on average.

The long term rent of an apartment in Fair View Residency is 1,107 AED/sqm/year on average.

Price for completed 1 bedroom apartment in Fair View Residency is 1,300,000 AED or 17,956 AED/sqm.

Rent for 1 bedroom apartment in Fair View Residency is 80,000 AED or 1,026 AED/sqm.
Rent for 2 bedroom apartment in Fair View Residency is 138,000 AED or 1,160 AED/sqm.

About Fair View Residency

'Fair View Residency' in 'Business Bay' area project description

Fairview Residency is an 18-storey residential tower located in Business Bay, Dubai, developed by Deyaar Development. Construction began in 2008 and was completed in 2014.

Architecture and Design

The building features contemporary style architecture with a mixed-unit composition. The structure comprises a basement level, ground floor, three podium levels, and 18 additional floors. The tower stands 75 meters (246 feet) tall and is constructed using all-concrete materials.

Unit Layout

The development contains 172 residential units featuring a mix of studio, one-bedroom, and two-bedroom apartments. One-bedroom units measure approximately 793 square feet and include an attached bathroom with bathtub, semi-open kitchen, built-in wardrobes, and a balcony. Two-bedroom units exceed 4,000 square feet and feature a full kitchen with center island, powder room with marble floors, and a living-dining area opening to a balcony. All apartments include attached toilets plus a guest toilet, ceramic finishes, and central air conditioning.

Amenities

Residents have access to comprehensive facilities including a podium-level garden with swimming pool, fully-equipped gymnasium, spa with sauna and steam rooms for men and women, basement and podium-level car parking with CCTV system, 24-hour security, central air conditioning, and internet connectivity. The building also features a lobby with sitting area.

Location and Accessibility

Fairview Residency is situated directly on the Dubai Water Canal in Business Bay, positioned arterially on Sheikh Zayed Road with easy access to Al Khail Road. The location offers proximity to major Dubai attractions: approximately 12 minutes' drive to Dubai Mall, 20 minutes to Palm Jumeirah, 19 minutes to Burj Al Arab, and 24 minutes to The Walk JBR. Dubai International Airport (DXB) is roughly 20 minutes' drive away, while Al Maktoum International Airport is approximately 41 minutes' drive.

Nearby Amenities

The development is surrounded by numerous retail outlets, restaurants, and hotels within walking distance. Educational institutions nearby include Horizon English School Dubai and Jumeirah English Speaking School, both rated as 'Outstanding' by government inspections. The area includes 14 schools with 'Very Good' or 'Outstanding' ratings.

Current Status

All new homes in this development are sold out. The building remains an established residential community in Business Bay with an active secondary market.

Q&A on Fair View Residency

What projects are better than 'Fair View Residency' project in Dubai which are located close by, and why?

- The Atria: Developed by Deyaar, The Atria offers luxury apartments and hotel apartments managed by Millennium Hotels. It stands out with its high-quality finishes, comprehensive amenities including a wellness center, and a central location with easy access to major business hubs and entertainment areas.

- Executive Towers: This is a mixed-use development comprising 12 towers and is well-regarded for its strategic location and excellent transport links including proximity to the Business Bay Metro Station. It features a sizable retail area, landscaped gardens, swimming pools, and children’s play areas, catering to both families and professionals.

- DAMAC Maison Prive: Located in a prime area of Business Bay, these twin-tower developments by DAMAC offer furnished apartments with panoramic waterfront views. The property boasts high-end amenities including a spa, gym, and several on-site dining options, providing a luxurious living experience.

- Bay Square: Known for its mixed-use nature, Bay Square is a pedestrian-only zone that includes residential units, offices, retail spaces, and boutique shops. Its unique design fosters a community feel, making it very convenient for those who prefer an integrated living-working environment.

- Paramount Tower Hotel & Residences: Developed by DAMAC, this Hollywood-inspired project offers luxury living with branded residences. The facilities are top-notch including a rooftop infinity pool, state-of-the-art fitness center, and exclusive access to various entertainment and dining options within the tower.

- The Opus: Designed by the prestigious architect Zaha Hadid, The Opus by Omniyat is an architectural marvel offering both commercial and residential spaces. It features luxurious amenities, exceptional design, and a strategic location, providing an upscale lifestyle choice for discerning buyers.

- RP Heights: This development by RP Global is located just a short walk from the Dubai Mall. It offers spacious apartments with high-end finishes, extensive amenities including multiple swimming pools, a children's play area, and a fitness center. Its proximity to Downtown Dubai and superb build quality set it apart.

These projects generally offer superior amenities, premium locations, or unique design elements that set them apart from Fair View Residency.

What are the closest schools to 'Fair View Residency' project in Dubai?

- Jumeirah English Speaking School (JESS), Arabian Ranches
- GEMS Wellington Primary School, Al Satwa
- Hartland International School, Sobha Hartland
- North London Collegiate School, Sobha Hartland
- Dubai International School, Al Quoz
- Horizon English School, Al Safa