Studio · 705 sqftBay Square 9, Business Bay · 4th floor · completed 2014

417, Bay Square 9

Sold prices and rental history: sold twice, last in August 2023, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 417 · DLD and Ejari recordsUpdated 15 August 2023
Last soldAED 868K15 August 2023
Current rentAED 44K /yr1 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 417, Bay Square 9

What is 417 worth today?

Last sold for AED 867,877 in 2023

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15 Aug 2023SoldReady
AED 867,877AED 1,231 per sqft
1 Jun 2021RentedNew contract
AED 44,000/yr12 months · AED 62 per sqft
29 Jan 2020RentedNew contract
AED 57,000/yr12 months · AED 81 per sqft
30 Nov 2018RentedNew contract
AED 75,000/yr12 months · AED 106 per sqft
30 Sep 2017RentedNew contract
AED 75,000/yr12 months · AED 106 per sqft
1 Feb 2016RentedNew contract
AED 80,000/yr12 months · AED 114 per sqft
14 Jan 2015Sold by developerReady
AED 867,148AED 1,230 per sqft

Source: Dubai Land Department. Updated 15 August 2023.

Key facts

Type
Studio apartment
Size
705 sqft
Floor
4th of 8
Parking
B3-865
Developer
Business Bay
Completed
2014
Service charge
AED 15,500 /yr
Last sold
AED 868K · August 2023
Building
Bay Square 9

About 417, Bay Square 9

417 is a studio of 705 sqft on the 4th floor of Bay Square 9, a 8-storey tower in Business Bay completed in 2014 by Business Bay. It last sold on 15 August 2023 for AED 867,877, or AED 1,231 per sqft, in line with the AED 1,266 studios in the building were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, signed on 1 June 2021, is AED 44,000 a year: a gross yield of 5.1% on the 2023 price, before the service charge of about AED 15,500 a year.

Sales and rents for 417 over time

Sales
Unit 417, each saleTypical studio in Bay Square 9
800K1M2015201820212024Typical sale price by year: 2015 AED 803,266; 2023 AED 857,365; 2024 AED 892,500; 2025 AED 1,065,000Sold by developer, January 2015: AED 867,148 (AED 1,230 per sqft)Sold, August 2023: AED 867,877 (AED 1,231 per sqft)

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

Rents
Unit 417, each contractTypical studio in Bay Square 9
40K60K80K2016201920222025Typical rent by year: 2016 AED 75,000; 2017 AED 75,000; 2018 AED 72,000; 2019 AED 65,000; 2020 AED 54,000; 2021 AED 43,000; 2022 AED 48,000; 2023 AED 50,782; 2024 AED 83,000; 2025 AED 84,000; 2026 AED 85,000New contract, February 2016: AED 80,000 a yearNew contract, September 2017: AED 75,000 a yearNew contract, November 2018: AED 75,000 a yearNew contract, January 2020: AED 57,000 a yearNew contract, June 2021: AED 44,000 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 9, and where 417 sits

All 107 studios →

417 last sold in August 2023 at AED 1,231 per sqft, in line with what studios in Bay Square 9 were fetching at the time (AED 1,266). Over the last 12 months studios sold for AED 1,050,000, around AED 1,586 per sqft, and rent for AED 75,000 to 100,000 a year. 417's AED 44,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
9 Jun 20251,180,000
28 May 20251,115,000
21 May 20251,220,000
19 May 20251,125,000
1 studio sale in the last 12 months

Bay Square 9

Building

152 apartments, studios to 1-bed over 8 floors in Business Bay, completed in 2014 by Business Bay. 8 sold in the last 12 months.

Typical price per sqft
AED 1,430
Typical sale
AED 1.63M
Typical rent
AED 93K /yr
Typical yield
8.6%
Bay Square 9, Business Bay: prices, sales and rents →

Other units on the 4th floor

All 152 units in Bay Square 9
Value
401StudioAED 945K · Mar 2024
4021-bedAED 1.42M · Aug 2024
4031-bedAED 1.46M · Jun 2024
4041-bedAED 1.53M · Mar 2025
4051-bedAED 1.53M · Mar 2025
406StudioAED 935K · Oct 2023
407StudioAED 843K · Jan 2024
1–7 of 18

417, Bay Square 9 in numbers

  • Sold twice: first on 14 January 2015 for AED 867,148, last on 15 August 2023 for AED 867,877 (AED 1,231 per sqft).
  • Rented since February 2016 on 5 Ejari contracts, from AED 80,000 to AED 44,000 a year.
  • At AED 44,000 a year the gross yield on the 2023 price is 5.1%, before a service charge of about AED 15,500 a year (AED 22.00 per sqft).
  • Studios in Bay Square 9 sold for AED 1,050,000–1,050,000 in the 12 months to November 2026; the building's median across all types is AED 1,430 per sqft.

Source: Dubai Land Department. Updated 15 August 2023.

Questions about 417, Bay Square 9

What did unit 417 last sell for?

AED 867,877 on 15 August 2023: AED 1,231 per sqft for 705 sqft. The unit has 2 registered sales; the first was AED 867,148 in January 2015.

What is the rent for unit 417?

AED 44,000 a year on the contract signed on 1 June 2021. The previous contract, from January 2020, was AED 57,000; the unit has been rented since February 2016.

How big is unit 417?

705 sqft (65.5 sqm): a studio on the 4th floor of a 8-storey tower completed in 2014.

What is unit 417 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Bay Square 9 sold for AED 1,050,000 to 1,050,000 in the last 12 months, around AED 1,586 per sqft.

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Mortgage on 417, Bay Square 9

Starts from the last sale price (AED 868K, 15 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 867,877
Deposit, UAE resident (20%)
AED 173,575
Deposit, non-resident (40%)
AED 347,151
Monthly over 25 years at 3.7%
AED 3,551

Plus AED 41,461 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →