701, Bay Square 3
Sold prices and rental history: sold twice, last in December 2014, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, Bay Square 3
What is 701 worth today?
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Source: Dubai Land Department. Updated 10 May 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 1,545 sqft
- Floor
- 7th of 8
- Parking
- B2-426
- Developer
- Business Bay
- Completed
- 2014
- Service charge
- AED 41,700 /yr
- Last sold
- AED 1.35M · December 2014
- Building
- Bay Square 3
About 701, Bay Square 3
701 is a one-bedroom apartment of 1,545 sqft on the 7th floor of Bay Square 3, a 8-storey tower in Business Bay completed in 2014 by Business Bay. It last sold on 9 December 2014 for AED 1,351,792, or AED 875 per sqft, 6% below the AED 933 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, renewed on 10 May 2025, is AED 95,000 a year: a gross yield of 7.0% on the 2014 price, before the service charge of about AED 41,700 a year.
Sales and rents for 701 over time
701 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Bay Square 3, and where 701 sits
All 9 1-beds →701 last sold in December 2014 at AED 875 per sqft, 6% below what one-beds in Bay Square 3 were fetching at the time (AED 933).
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 May 202526 May 2025 | 1,586 sqft | 1,611,000 | 1,015 | ||
| 1 Feb 20241 February 2024 | 1,225 sqft | 1,350,000 | 1,102 | ||
| 24 Jan 202424 January 2024 | 1,225 sqft | 1,350,000 | 1,102 | ||
| 13 Apr 202313 April 2023 | 1,224 sqft | 1,300,000 | 1,062 |
Bay Square 3
Building15 apartments, studios to 1-bed over 8 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 90K /yr
- Typical yield
Other units on the 7th floor
All 15 units in Bay Square 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 1-bed | 1,556 sqft | AED 1.38MAED 1,383,000 · Aug 2022August 2022 | 70,000 /yr | |
| 703 | 1-bed | 1,556 sqft | AED 1.3MAED 1,302,000 · Jun 2013June 2013 | 90,000 /yr | |
| 704 | 1-bed | 1,586 sqft | AED 1.61MAED 1,611,000 · May 2025May 2025 | 90,000 /yr | |
| 705 | Studio | 691 sqft | AED 950KAED 950,000 · May 2024May 2024 | 95,000 /yr | |
| 706 | Studio | 684 sqft | AED 1.05MAED 1,050,000 · Apr 2025April 2025 | 90,000 /yr | |
| 707 | Studio | 691 sqft | AED 1MAED 1,000,000 · Jan 2025January 2025 | 70,000 /yr | |
| 708 | 1-bed | 1,157 sqft | AED 1.12MAED 1,120,595 · Dec 2014December 2014 | 85,000 /yr |
701, Bay Square 3 in numbers
- Sold twice: first on 29 September 2013 for AED 1,351,792, last on 9 December 2014 for AED 1,351,792 (AED 875 per sqft).
- Rented since December 2017 on 7 Ejari contracts. The rent fell from AED 110,000 to AED 55,000 in 2021 and recovered to AED 95,000 by May 2025.
- At AED 95,000 a year the gross yield on the 2014 price is 7.0%, before a service charge of about AED 41,700 a year (AED 27.00 per sqft).
Source: Dubai Land Department. Updated 10 May 2025.
Questions about 701, Bay Square 3
What did unit 701 last sell for?
AED 1,351,792 on 9 December 2014: AED 875 per sqft for 1,545 sqft. The unit has 2 registered sales; the first was AED 1,351,792 in September 2013.
What is the rent for unit 701?
AED 95,000 a year on the contract renewed on 10 May 2025. The previous contract, from May 2024, was AED 95,000; the unit has been rented since December 2017.
How big is unit 701?
1,545 sqft (143.5 sqm): a one-bedroom apartment on the 7th floor of a 8-storey tower completed in 2014.
What is unit 701 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 701, Bay Square 3
Starts from the last sale price (AED 1.35M, 9 December 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,351,792
- Deposit, UAE resident (20%)
- AED 270,358
- Deposit, non-resident (40%)
- AED 540,717
- Monthly over 25 years at 3.7%
- AED 5,531
Plus AED 61,786 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →