516, Bay Square 9
Sold prices and rental history: sold twice, last in February 2025, 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 516, Bay Square 9
What is 516 worth today?
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Source: Dubai Land Department. Updated 13 March 2025.
Key facts
- Type
- Studio apartment
- Size
- 664 sqft
- Floor
- 5th of 8
- Parking
- B3-778
- Developer
- Business Bay
- Completed
- 2014
- Service charge
- AED 14,600 /yr
- Last sold
- AED 873K · February 2025
- Building
- Bay Square 9
About 516, Bay Square 9
516 is a studio of 664 sqft on the 5th floor of Bay Square 9, a 8-storey tower in Business Bay completed in 2014 by Business Bay. It last sold on 25 February 2025 for AED 873,000, or AED 1,315 per sqft, in line with the AED 1,322 studios in the building were fetching at the time.
It has been rented continuously since 2017 on 8 Ejari contracts. The current contract, signed on 13 March 2025, is AED 75,000 a year: a gross yield of 8.6% on the 2025 price, before the service charge of about AED 14,600 a year.
Sales and rents for 516 over time
516 has sold twice; the dashed line is the studio median of each year in the building.
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 516 sits
All 107 studios →516 last sold in February 2025 at AED 1,315 per sqft, in line with what studios in Bay Square 9 were fetching at the time (AED 1,322). 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. 516's AED 75,000 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Jun 20259 June 2025 | 707 sqft | 1,180,000 | 1,669 | ||
| 28 May 202528 May 2025 | 659 sqft | 1,115,000 | 1,691 | ||
| 21 May 202521 May 2025 | 851 sqft | 1,220,000 | 1,434 | ||
| 19 May 202519 May 2025 | 705 sqft | 1,125,000 | 1,595 |
Bay Square 9
Building152 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%
Other units on the 5th floor
All 152 units in Bay Square 9| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | Studio | 851 sqft | AED 950KAED 950,000 · May 2024May 2024 | 100,000 /yr | |
| 502 | 1-bed | 1,140 sqft | AED 1.54MAED 1,543,756 · Sep 2024September 2024 | 120,000 /yr | |
| 503 | 1-bed | 1,140 sqft | AED 1.54MAED 1,543,758 · Sep 2024September 2024 | 125,000 /yr | |
| 504 | 1-bed | 1,140 sqft | AED 1.51MAED 1,512,881 · Jan 2024January 2024 | 120,000 /yr | |
| 505 | 1-bed | 1,139 sqft | AED 1.51MAED 1,512,310 · Jan 2024January 2024 | 115,000 /yr | |
| 506 | Studio | 659 sqft | AED 903KAED 903,000 · Mar 2024March 2024 | 68,000 /yr | |
| 507 | Studio | 659 sqft | AED 840KAED 840,000 · Feb 2024February 2024 | 97,000 /yr | |
| 508 | 1-bed | 1,329 sqft | AED 1.64MAED 1,641,210 · Feb 2024February 2024 | 80,218 /yr | |
| 509 | Studio | 1,140 sqft | AED 1.47MAED 1,470,656 · Apr 2024April 2024 | 77,000 /yr | |
| 510 | Studio | 659 sqft | AED 840KAED 840,000 · Oct 2023October 2023 | 78,000 /yr | |
| 511 | Studio | 659 sqft | AED 840KAED 840,000 · Oct 2023October 2023 | 77,000 /yr | |
| 512 | Studio | 659 sqft | AED 840KAED 840,000 · Oct 2023October 2023 | 77,000 /yr | |
| 513 | 1-bed | 1,301 sqft | AED 1.8MAED 1,800,000 · Apr 2025April 2025 | 85,000 /yr | |
| 514 | Studio | 667 sqft | AED 919KAED 918,750 · Feb 2025February 2025 | 40,000 /yr | |
| 515 | Studio | 659 sqft | AED 945KAED 945,394 · Jan 2024January 2024 | 78,962 /yr | |
| 517 | Studio | 705 sqft | AED 1.08MAED 1,075,000 · Jan 2025January 2025 | 49,612 /yr | |
| 518 | Studio | 705 sqft | AED 900KAED 900,000 · May 2024May 2024 | 90,000 /yr | |
| 519 | Studio | 707 sqft | AED 920KAED 920,000 · May 2024May 2024 | 100,000 /yr |
516, Bay Square 9 in numbers
- Sold twice: first on 14 January 2015 for AED 803,266, last on 25 February 2025 for AED 873,000 (AED 1,315 per sqft).
- Rented since June 2017 on 8 Ejari contracts. The rent fell from AED 75,000 to AED 42,000 in 2021 and recovered to AED 75,000 by March 2025.
- At AED 75,000 a year the gross yield on the 2025 price is 8.6%, before a service charge of about AED 14,600 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 13 March 2025.
Questions about 516, Bay Square 9
What did unit 516 last sell for?
AED 873,000 on 25 February 2025: AED 1,315 per sqft for 664 sqft. The unit has 2 registered sales; the first was AED 803,266 in January 2015.
What is the rent for unit 516?
AED 75,000 a year on the contract signed on 13 March 2025. The previous contract, from October 2023, was AED 48,583; the unit has been rented since June 2017.
How big is unit 516?
664 sqft (61.7 sqm): a studio on the 5th floor of a 8-storey tower completed in 2014.
What is unit 516 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 516, Bay Square 9
Starts from the last sale price (AED 873K, 25 February 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 873,000
- Deposit, UAE resident (20%)
- AED 174,600
- Deposit, non-resident (40%)
- AED 349,200
- Monthly over 25 years at 3.7%
- AED 3,572
Plus AED 41,676 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →