Fairview Residence
About Fairview Residence
(sq. ft.)
Fairview Residence is a modern 22-storey residential complex located in Business Bay, one of Dubai’s most prestigious areas. The project was developed by Deyaar, and the building’s construction was carried out over a seven-year period, from 2007 to 2014.
Properties include one- and two-bedroom apartments that are available to buy and rent. One-bedroom apartments range in size from 796 sq. ft. to 872 sq. ft. and have a starting price of AED 800,000 (USD 218,000). Two-bedroom apartments have an average size of 1,396 sq. ft. and a starting price of AED 1,200,000 (USD 328,000).
*The price is valid for 2021
The complex provides a variety of amenities and services, including:
- Ample parking with reserved spaces
- Multiple high-speed elevators
- Event space
- Gym with modern equipment
- Swimming pool and sauna
- Children’s playground
- Waiting area for guests
- Reliable video surveillance and fire safety systems
- Concierge services
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Property Information
- Location Business Bay, Dubai, UAE
- Developer Deyaar
- Status of Project Ready
- Type of Project Residential Building
- Units 1-2BR Apartments
- Area from 796 sq. ft.
Location
Business Bay is home to a mix of residential and commercial buildings. It is one of the city’s fastest-growing commercial centres. The tower is located in an area with excellent transport accessibility. The nearest bus stops, Fairview Residency and Mayfair Residency, can be reached within five minutes of the residences, and the Business Bay Metro Station is situated within a 10-minute walk.
For groceries and household goods, residents can shop at Carrefour, Choithrams Bay Square, and Al Maya Supermarket, which are located within a 10-minute walk of the apartments. Residents can choose from a selection of nearby restaurants and cafes that serve local and international cuisines. Mamaesh, Sushi 99 Restaurant, La Serre, Tong Thai, and Bice Mare can also be reached within a 10-minute walk.
Residents can take advantage of local schools and medical centres, such as JSS Private School, Eman School System, GEMS Wellington Primary School, and Emirates Hospital Clinic.
The complex is situated within a 15-minute walk of several popular destinations, including:
- Burj Khalifa, a famous skyscraper that has been the world’s tallest building since 2009
- Dubai Fountain, a well-known musical fountain
- Zabeel Park, the first technology park in the Arabian Gulf region
Dubai Mall, one of the city’s largest shopping and entertainment centres, is located within a five-minute drive of the tower. Downtown Dubai can be reached within a 10-minute drive, and Dubai International Airport is situated within a 15-minute drive.
Payback
Fairview Residency offers properties in the budget segment of the market. Residential units are located in a community with a well-developed infrastructure. As a result, apartments are in demand among tenants and investors. Annual rental rates range from AED 70,000 to 90,000 (USD 19,000 to 24,500), and properties have a return on investment rate that ranges from 6% to 7%. If current trends continue, investments can be recouped within 15 to 17 years.
*The price is valid for 2021
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Metropolitan Premium Properties
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+971 4 428 6151
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36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
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