1-bed · 1,140 sqftBay Square 9, Business Bay · 7th floor · completed 2014

704, Bay Square 9

Sold prices and rental history: sold twice, last in November 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 704 · DLD and Ejari recordsUpdated 1 November 2024
Last soldAED 1.63M1 November 2024
Current rentAED 68K /yr15 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 704, Bay Square 9

What is 704 worth today?

Last sold for AED 1,633,604 in 2024

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1 Nov 2024SoldReady
AED 1,633,604AED 1,433 per sqft
15 Aug 2022RentedRenewal
AED 68,250/yr12 months · AED 60 per sqft
15 Aug 2021RentedNew contract
AED 65,000/yr12 months · AED 57 per sqft
19 Mar 2020RentedNew contract
AED 90,000/yr12 months · AED 79 per sqft
19 Jan 2019RentedNew contract
AED 100,000/yr12 months · AED 88 per sqft
5 Dec 2017RentedRenewal
AED 100,000/yr12 months · AED 88 per sqft
24 May 2017RentedNew contract
AED 100,000/yr6 months · AED 88 per sqft
24 May 2017RentedNew contract
AED 188,482/yr6 months · AED 165 per sqft

Source: Dubai Land Department. Updated 1 November 2024.

Key facts

Type
1-bed apartment
Size
1,140 sqft
Floor
7th of 8
Parking
B2-839
Developer
Business Bay
Completed
2014
Service charge
AED 25,100 /yr
Last sold
AED 1.63M · November 2024
Building
Bay Square 9

About 704, Bay Square 9

704 is a one-bedroom apartment of 1,140 sqft on the 7th floor of Bay Square 9, a 8-storey tower in Business Bay completed in 2014 by Business Bay. It last sold on 1 November 2024 for AED 1,633,604, or AED 1,433 per sqft, 12% above the AED 1,283 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, renewed on 15 August 2022, is AED 68,250 a year: a gross yield of 4.2% on the 2024 price, before the service charge of about AED 25,100 a year.

Sales and rents for 704 over time

Sales
Unit 704, each saleTypical one-bed in Bay Square 9
1.4M1.6M20152018202120242027Typical sale price by year: 2015 AED 1,373,478; 2023 AED 1,575,000; 2024 AED 1,527,956; 2025 AED 1,530,561; 2026 AED 1,700,000Sold by developer, January 2015: AED 1,369,929 (AED 1,201 per sqft)Sold, November 2024: AED 1,633,604 (AED 1,433 per sqft)

704 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 704, each contractTypical one-bed in Bay Square 9
100K200K2016201920222025Typical rent by year: 2016 AED 110,000; 2017 AED 110,000; 2018 AED 105,000; 2019 AED 100,000; 2020 AED 81,000; 2021 AED 66,000; 2022 AED 69,300; 2023 AED 69,603; 2024 AED 119,337; 2025 AED 120,000; 2026 AED 120,000New contract, December 2016: AED 100,000 a yearNew contract, May 2017: AED 100,000 a yearNew contract, May 2017: AED 188,482 a yearRenewal, December 2017: AED 100,000 a yearNew contract, January 2019: AED 100,000 a yearNew contract, March 2020: AED 90,000 a yearNew contract, August 2021: AED 65,000 a yearRenewal, August 2022: AED 68,250 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 9, and where 704 sits

All 50 1-beds →

704 last sold in November 2024 at AED 1,433 per sqft, 12% above what one-beds in Bay Square 9 were fetching at the time (AED 1,283). Over the last 12 months one-beds sold for AED 1,400,000 to 2,000,000, around AED 1,430 per sqft, and rent for AED 110,250 to 220,000 a year. 704's AED 68,250 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
29 Jan 20261,525,000
26 Jan 20261,700,000
7 Jan 20262,000,000
10 Jun 20251,750,000
7 1-bed sales 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 7th floor

All 152 units in Bay Square 9
Value
701StudioAED 1.07M · Jul 2024
7021-bedAED 1.63M · Nov 2024
7031-bedAED 1.63M · Nov 2024
7051-bedAED 1.6M · Nov 2024
706StudioAED 959K · Apr 2024
707StudioAED 920K · Sep 2024
7081-bedAED 1.76M · Oct 2024
1–7 of 18

704, Bay Square 9 in numbers

  • Sold twice: first on 14 January 2015 for AED 1,369,929, last on 1 November 2024 for AED 1,633,604 (AED 1,433 per sqft).
  • Rented since December 2016 on 8 Ejari contracts, from AED 100,000 to AED 68,250 a year.
  • At AED 68,250 a year the gross yield on the 2024 price is 4.2%, before a service charge of about AED 25,100 a year (AED 22.00 per sqft).
  • One-beds in Bay Square 9 sold for AED 1,400,000–2,000,000 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 1 November 2024.

Questions about 704, Bay Square 9

What did unit 704 last sell for?

AED 1,633,604 on 1 November 2024: AED 1,433 per sqft for 1,140 sqft. The unit has 2 registered sales; the first was AED 1,369,929 in January 2015.

What is the rent for unit 704?

AED 68,250 a year on the contract renewed on 15 August 2022. The previous contract, from August 2021, was AED 65,000; the unit has been rented since December 2016.

How big is unit 704?

1,140 sqft (105.9 sqm): a one-bedroom apartment on the 7th floor of a 8-storey tower completed in 2014.

What is unit 704 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 9 sold for AED 1,400,000 to 2,000,000 in the last 12 months, around AED 1,430 per sqft.

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Mortgage on 704, Bay Square 9

Starts from the last sale price (AED 1.63M, 1 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,633,604
Deposit, UAE resident (20%)
AED 326,721
Deposit, non-resident (40%)
AED 653,442
Monthly over 25 years at 3.7%
AED 6,684

Plus AED 73,621 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →