505, Bay Square 6
Sold prices and rental history: sold twice, last in December 2024, 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 505, Bay Square 6
What is 505 worth today?
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Source: Dubai Land Department. Updated 17 December 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 1,179 sqft
- Floor
- 5th of 6
- Parking
- B2-332
- Developer
- Business Bay
- Completed
- 2014
- Service charge
- AED 31,800 /yr
- Last sold
- AED 1.5M · December 2024
- Building
- Bay Square 6
About 505, Bay Square 6
505 is a one-bedroom apartment of 1,179 sqft on the 5th floor of Bay Square 6, a 6-storey tower in Business Bay completed in 2014 by Business Bay. It last sold on 17 December 2024 for AED 1,495,000, or AED 1,267 per sqft, in line with the AED 1,246 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, renewed on 26 November 2022, is AED 60,500 a year: a gross yield of 4.0% on the 2024 price, before the service charge of about AED 31,800 a year.
Sales and rents for 505 over time
505 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 6, and where 505 sits
All 13 1-beds →505 last sold in December 2024 at AED 1,267 per sqft, in line with what one-beds in Bay Square 6 were fetching at the time (AED 1,246). Over the last 12 months one-beds sold for AED 2,075,000, around AED 1,695 per sqft, and rent for AED 49,733 to 49,733 a year.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Dec 202522 December 2025 | 1,224 sqft | 2,075,000 | 1,695 | ||
| 18 Jul 202518 July 2025 | 1,590 sqft | 1,725,000 | 1,084 | ||
| 3 Feb 20253 February 2025 | 1,556 sqft | 1,430,000 | 918 | ||
| 27 Aug 202427 August 2024 | 1,224 sqft | 1,650,000 | 1,348 |
Bay Square 6
Building17 apartments, studios to 1-bed over 6 floors in Business Bay, completed in 2014 by Business Bay. 1 sold in the last 12 months.
- Typical price per sqft
- AED 1,695
- Typical sale
- AED 2.08M
- Typical rent
- AED 57K /yr
- Typical yield
- 4.0%
Other units on the 5th floor
All 17 units in Bay Square 6| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 1,586 sqft | AED 1.39MAED 1,391,000 · Aug 2022August 2022 | 105,432 /yr | |
| 502 | 1-bed | 1,522 sqft | AED 1.8MAED 1,800,000 · Jun 2014June 2014 | 110,000 /yr | |
| 503 | 1-bed | 1,556 sqft | AED 1.43MAED 1,430,000 · Feb 2025February 2025 | 105,000 /yr | |
| 504 | 1-bed | 1,590 sqft | AED 1.57MAED 1,566,000 · Dec 2014December 2014 | 94,158 /yr | |
| 506 | 1-bed | 2,126 sqft | AED 1.75MAED 1,750,000 · Aug 2022August 2022 | 6,666 /yr | |
| 507 | 1-bed | 1,590 sqft | AED 1.73MAED 1,725,000 · Jul 2025July 2025 | 94,500 /yr | |
| 508 | Studio | 685 sqft | AED 950KAED 950,000 · Oct 2016October 2016 | 65,000 /yr | |
| 509 | Studio | 692 sqft | AED 950KAED 950,000 · Oct 2016October 2016 | 80,000 /yr |
505, Bay Square 6 in numbers
- Sold twice: first on 12 August 2014 for AED 1,335,000, last on 17 December 2024 for AED 1,495,000 (AED 1,267 per sqft).
- Rented since January 2015 on 4 Ejari contracts, from AED 110,000 to AED 60,500 a year.
- At AED 60,500 a year the gross yield on the 2024 price is 4.0%, before a service charge of about AED 31,800 a year (AED 27.00 per sqft).
- One-beds in Bay Square 6 sold for AED 2,075,000–2,075,000 in the 12 months to November 2026; the building's median across all types is AED 1,695 per sqft.
Source: Dubai Land Department. Updated 17 December 2024.
Questions about 505, Bay Square 6
What did unit 505 last sell for?
AED 1,495,000 on 17 December 2024: AED 1,267 per sqft for 1,179 sqft. The unit has 2 registered sales; the first was AED 1,335,000 in August 2014.
What is the rent for unit 505?
AED 60,500 a year on the contract renewed on 26 November 2022. The previous contract, from November 2020, was AED 55,000; the unit has been rented since January 2015.
How big is unit 505?
1,179 sqft (109.5 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2014.
What is unit 505 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Bay Square 6 sold for AED 2,075,000 to 2,075,000 in the last 12 months, around AED 1,695 per sqft.
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Mortgage on 505, Bay Square 6
Starts from the last sale price (AED 1.5M, 17 December 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,495,000
- Deposit, UAE resident (20%)
- AED 299,000
- Deposit, non-resident (40%)
- AED 598,000
- Monthly over 25 years at 3.7%
- AED 6,117
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →