Studio · 563 sqftBay Square 10, Business Bay · 7th floor · completed 2014

702, Bay Square 10

Sold prices and rental history: sold twice, last in October 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 702 · DLD and Ejari recordsUpdated 1 December 2024
Last soldAED 850K4 October 2024
Current rentAED 104K /yr1 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 702, Bay Square 10

What is 702 worth today?

Last sold for AED 850,000 in 2024

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

1 Dec 2024RentedNew contract
AED 103,800/yr6 months · AED 184 per sqft
4 Oct 2024SoldReady
AED 850,000AED 1,508 per sqft
22 Jul 2023RentedRenewal
AED 55,000/yr12 months · AED 98 per sqft
22 Jul 2022RentedNew contract
AED 55,000/yr12 months · AED 98 per sqft
22 Jan 2022RentedRenewal
AED 45,000/yr12 months · AED 80 per sqft
22 Dec 2020RentedNew contract
AED 45,000/yr13 months · AED 80 per sqft
1 Feb 2018RentedNew contract
AED 72,000/yr12 months · AED 129 per sqft
15 Nov 2015RentedRenewal
AED 80,000/yr12 months · AED 140 per sqft

Source: Dubai Land Department. Updated 1 December 2024.

Key facts

Type
Studio apartment
Size
563 sqft
Floor
7th of 7
Parking
B2-924
Developer
Business Bay
Completed
2014
Service charge
AED 13,500 /yr
Last sold
AED 850K · October 2024

About 702, Bay Square 10

702 is a studio of 563 sqft on the 7th floor of Bay Square 10, a 7-storey tower in Business Bay completed in 2014 by Business Bay. It last sold on 4 October 2024 for AED 850,000, or AED 1,508 per sqft, 28% above the AED 1,177 studios in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 1 December 2024, is AED 103,800 a year: a gross yield of 12.2% on the 2024 price, before the service charge of about AED 13,500 a year.

Sales and rents for 702 over time

Sales
Unit 702, each saleTypical studio in Bay Square 10
800K1M2014201720202023Typical sale price by year: 2014 AED 787,000; 2015 AED 1,060,000; 2024 AED 850,000Sold by developer, November 2014: AED 774,000 (AED 1,373 per sqft)Sold, October 2024: AED 850,000 (AED 1,508 per sqft)

702 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 702, each contractTypical studio in Bay Square 10
50K100K20142017202020232026Typical rent by year: 2015 AED 80,000; 2016 AED 80,000; 2017 AED 74,000; 2018 AED 71,000; 2019 AED 58,500; 2020 AED 49,000; 2021 AED 46,500; 2022 AED 52,000; 2023 AED 68,000; 2024 AED 80,500; 2025 AED 87,500New contract, November 2014: AED 80,000 a yearRenewal, November 2015: AED 80,000 a yearNew contract, February 2018: AED 72,000 a yearNew contract, December 2020: AED 45,000 a yearRenewal, January 2022: AED 45,000 a yearNew contract, July 2022: AED 55,000 a yearRenewal, July 2023: AED 55,000 a yearNew contract, December 2024: AED 103,800 a year

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

Studios in Bay Square 10, and where 702 sits

All 14 studios →

702 last sold in October 2024 at AED 1,508 per sqft, 28% above what studios in Bay Square 10 were fetching at the time (AED 1,177). 702's AED 103,800 is at the top of that range.

Recent studio salesUnit no.Price (AED)Summary
14 May 20241,000,000
21 Mar 2024800,000
22 Jun 2023935,000
22 Feb 2022710,000
0 studio sales in the last 12 months

Bay Square 10

Building

17 apartments, studios to 1-bed over 7 floors in Business Bay, completed in 2014 by Business Bay. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 88K /yr
Typical yield
Bay Square 10, Business Bay: prices, sales and rents →

Other units on the 7th floor

All 17 units in Bay Square 10
Value
701AED 1.13M · Sep 2025
703StudioAED 774K · Nov 2014
704StudioAED 787K · Nov 2014
705StudioAED 902K · Feb 2016
706StudioAED 975K · Jun 2015
707StudioAED 998K · Oct 2014
708AED 700K · Oct 2025

702, Bay Square 10 in numbers

  • Sold twice: first on 13 November 2014 for AED 774,000, last on 4 October 2024 for AED 850,000 (AED 1,508 per sqft).
  • Rented since November 2014 on 8 Ejari contracts. The rent fell from AED 80,000 to AED 45,000 in 2022 and recovered to AED 103,800 by December 2024.
  • At AED 103,800 a year the gross yield on the 2024 price is 12.2%, before a service charge of about AED 13,500 a year (AED 24.00 per sqft).

Source: Dubai Land Department. Updated 1 December 2024.

Questions about 702, Bay Square 10

What did unit 702 last sell for?

AED 850,000 on 4 October 2024: AED 1,508 per sqft for 563 sqft. The unit has 2 registered sales; the first was AED 774,000 in November 2014.

What is the rent for unit 702?

AED 103,800 a year on the contract signed on 1 December 2024. The previous contract, from July 2023, was AED 55,000; the unit has been rented since November 2014.

How big is unit 702?

563 sqft (52.3 sqm): a studio on the 7th floor of a 7-storey tower completed in 2014.

What is unit 702 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

Selling 702? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 702, Bay Square 10

Starts from the last sale price (AED 850K, 4 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 850,000
Deposit, UAE resident (20%)
AED 170,000
Deposit, non-resident (40%)
AED 340,000
Monthly over 25 years at 3.7%
AED 3,478

Plus AED 40,710 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →