1002, Bay Square 12
Sold prices and rental history: sold once, by the developer in October 2014, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1002, Bay Square 12
What is 1002 worth today?
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Source: Dubai Land Department. Updated 10 May 2023.
Key facts
- Type
- Penthouse apartment
- Size
- 1,561 sqft
- Floor
- 10th of 10
- Parking
- B2-957
- Developer
- Business Bay
- Completed
- 2014
- Service charge
- AED 42,100 /yr
- Last sold
- AED 1.46M · October 2014
- Building
- Bay Square 12
About 1002, Bay Square 12
1002 is a penthouse of 1,561 sqft on the 10th floor of Bay Square 12, a 10-storey tower in Business Bay completed in 2014 by Business Bay. The developer sold it on 27 October 2014 for AED 1,456,000, or AED 1,082 per sqft, 17% below the AED 1,301 penthouses in the building were fetching at the time.
It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, signed on 10 May 2023, is AED 77,000 a year: a gross yield of 5.3% on the 2014 price, before the service charge of about AED 42,100 a year.
Sales and rents for 1002 over time
1002 has sold once; the dashed line is the penthouse median of each year in the building.
Annual rent on each registered contract; the dashed line is the penthouse median of each year in the building.
Penthouses in Bay Square 12, and where 1002 sits
All 9 penthouses →1002 last sold in October 2014 at AED 1,082 per sqft, 17% below what penthouses in Bay Square 12 were fetching at the time (AED 1,301).
| Recent penthouse sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 28 Jan 202528 January 2025 | 1,224 sqft | 2,100,000 | 1,715 | ||
| 8 Jan 20248 January 2024 | 1,590 sqft | 2,000,000 | 1,258 | ||
| 25 Dec 202325 December 2023 | 1,224 sqft | 1,331,922 | 1,087 | ||
| 26 Oct 202326 October 2023 | 1,561 sqft | 2,050,000 | 1,313 |
Bay Square 12
Building10 apartments, 1-bed over 10 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 110K /yr
- Typical yield
Other units on the 10th floor
All 10 units in Bay Square 12| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | Penthouse | 1,591 sqft | AED 1.74MAED 1,738,000 · Oct 2014October 2014 | 130,000 /yr | |
| 1003 | Penthouse | 1,561 sqft | AED 1.46MAED 1,456,000 · Dec 2013December 2013 | 120,000 /yr | |
| 1004 | Penthouse | 1,561 sqft | AED 2.05MAED 2,050,000 · Oct 2023October 2023 | ||
| 1005 | Penthouse | 1,590 sqft | AED 2MAED 2,000,000 · Jan 2024January 2024 | 120,000 /yr | |
| 1006 | 1-bed | 1,180 sqft | AED 1.22MAED 1,220,000 · Mar 2024March 2024 | 105,000 /yr | |
| 1007 | Penthouse | 1,300 sqft | AED 1.45MAED 1,450,000 · Aug 2023August 2023 | 110,000 /yr | |
| 1008 | Penthouse | 1,222 sqft | AED 1.73MAED 1,730,000 · May 2015May 2015 | 115,000 /yr | |
| 1009 | Penthouse | 1,224 sqft | AED 2.1MAED 2,100,000 · Jan 2025January 2025 | 67,021 /yr | |
| 1010 | Penthouse | 1,085 sqft | AED 1.7MAED 1,700,000 · May 2014May 2014 |
1002, Bay Square 12 in numbers
- Sold once: by Business Bay on 27 October 2014 for AED 1,456,000, or AED 1,082 per sqft.
- Rented since November 2015 on 8 Ejari contracts, from AED 120,000 to AED 77,000 a year.
- At AED 77,000 a year the gross yield on the 2014 price is 5.3%, before a service charge of about AED 42,100 a year (AED 27.00 per sqft).
Source: Dubai Land Department. Updated 10 May 2023.
Questions about 1002, Bay Square 12
What did unit 1002 last sell for?
AED 1,456,000 on 27 October 2014, sold by the developer: AED 1,082 per sqft for 1,561 sqft. It is the only registered sale of the unit.
What is the rent for unit 1002?
AED 77,000 a year on the contract signed on 10 May 2023. The previous contract, from May 2022, was AED 73,500; the unit has been rented since November 2015.
How big is unit 1002?
1,561 sqft (145.0 sqm): a penthouse on the 10th floor of a 10-storey tower completed in 2014.
What is unit 1002 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 1002, Bay Square 12
Starts from the last sale price (AED 1.46M, 27 October 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,456,000
- Deposit, UAE resident (20%)
- AED 291,200
- Deposit, non-resident (40%)
- AED 582,400
- Monthly over 25 years at 3.7%
- AED 5,957
Plus AED 66,162 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →