1-bed · 1,559 sqftBay Square 8, Business Bay · 9th floor · completed 2014

902, Bay Square 8

Sold prices and rental history: sold once, by the developer in January 2015, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 902 · DLD and Ejari recordsUpdated 27 March 2022
Last soldAED 1.76M12 January 2015
Current rentAED 80K /yr27 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 902, Bay Square 8

What is 902 worth today?

Last sold for AED 1,764,446 in 2015

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27 Mar 2022RentedNew contract
AED 80,000/yr12 months · AED 51 per sqft
13 Nov 2016RentedNew contract
AED 130,000/yr12 months · AED 83 per sqft
12 Jan 2015Sold by developerReady
AED 1,764,446AED 1,131 per sqft

Source: Dubai Land Department. Updated 27 March 2022.

Key facts

Type
1-bed apartment
Size
1,559 sqft
Floor
9th of 10
Parking
B2-033
Developer
Business Bay
Completed
2014
Last sold
AED 1.76M · January 2015
Building
Bay Square 8

About 902, Bay Square 8

902 is a one-bedroom apartment of 1,559 sqft on the 9th floor of Bay Square 8, a 10-storey tower in Business Bay completed in 2014 by Business Bay. The developer sold it on 12 January 2015 for AED 1,764,446, or AED 1,131 per sqft, in line with the AED 1,128 one-beds in the building were fetching at the time.

It has been rented since 2016 on 2 Ejari contracts. The current contract, signed on 27 March 2022, is AED 80,000 a year: a gross yield of 4.5% on the 2015 price.

Sales and rents for 902 over time

Rents
Unit 902, each contractTypical one-bed in Bay Square 8
75K100K125K20162018202020222024Typical rent by year: 2016 AED 130,000; 2017 AED 95,385; 2022 AED 85,000; 2023 AED 83,413New contract, November 2016: AED 130,000 a yearNew contract, March 2022: AED 80,000 a year

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 8, and where 902 sits

All 7 1-beds →

902 last sold in January 2015 at AED 1,131 per sqft, in line with what one-beds in Bay Square 8 were fetching at the time (AED 1,128).

Recent 1-bed salesUnit no.Price (AED)Summary
12 Jan 20151,358,681
12 Jan 20151,737,585
12 Jan 20151,398,860
12 Jan 20151,740,649
0 1-bed sales in the last 12 months

Bay Square 8

Building

17 apartments, studios to 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
Few contracts
Typical yield
Bay Square 8, Business Bay: prices, sales and rents →

Other units on the 9th floor

All 17 units in Bay Square 8
Value
9011-bedAED 1.74M · Jan 2015
9031-bedAED 1.74M · Jan 2015
904StudioAED 871K · Feb 2023
9051-bedAED 1.34M · Jan 2015
906StudioAED 954K · Dec 2022
907StudioAED 898K · Jan 2023
908StudioAED 943K · Apr 2023
1–7 of 8

902, Bay Square 8 in numbers

  • Sold once: by Business Bay on 12 January 2015 for AED 1,764,446, or AED 1,131 per sqft.
  • Rented since November 2016 on 2 Ejari contracts, from AED 130,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2015 price is 4.5%.

Source: Dubai Land Department. Updated 27 March 2022.

Questions about 902, Bay Square 8

What did unit 902 last sell for?

AED 1,764,446 on 12 January 2015, sold by the developer: AED 1,131 per sqft for 1,559 sqft. It is the only registered sale of the unit.

What is the rent for unit 902?

AED 80,000 a year on the contract signed on 27 March 2022. The previous contract, from November 2016, was AED 130,000.

How big is unit 902?

1,559 sqft (144.8 sqm): a one-bedroom apartment on the 9th floor of a 10-storey tower completed in 2014.

What is unit 902 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 902, Bay Square 8

Starts from the last sale price (AED 1.76M, 12 January 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,764,446
Deposit, UAE resident (20%)
AED 352,889
Deposit, non-resident (40%)
AED 705,778
Monthly over 25 years at 3.7%
AED 7,219

Plus AED 79,117 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →