Studio · 659 sqftBay Square 9, Business Bay · 8th floor · completed 2014

807, Bay Square 9

Sold prices and rental history: sold 3 times, last in May 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 807 · DLD and Ejari recordsUpdated 10 May 2024
Last soldAED 930K10 May 2024
Current rentAED 51K /yr11 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 807, Bay Square 9

What is 807 worth today?

Last sold for AED 930,000 in 2024

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10 May 2024SoldReady
AED 930,000AED 1,410 per sqft
17 Apr 2024SoldReady
AED 722,000AED 1,095 per sqft
11 Dec 2023RentedNew contract
AED 51,397/yr5 months · AED 78 per sqft
11 Dec 2022RentedNew contract
AED 48,950/yr12 months · AED 74 per sqft
11 Dec 2021RentedNew contract
AED 44,500/yr12 months · AED 67 per sqft
6 Jan 2020RentedNew contract
AED 67,500/yr12 months · AED 102 per sqft
6 Nov 2018RentedNew contract
AED 70,000/yr12 months · AED 106 per sqft
23 Sep 2017RentedNew contract
AED 75,000/yr12 months · AED 114 per sqft

Source: Dubai Land Department. Updated 10 May 2024.

Key facts

Type
Studio apartment
Size
659 sqft
Floor
8th of 8
Parking
B2-798
Developer
Business Bay
Completed
2014
Service charge
AED 14,500 /yr
Last sold
AED 930K · May 2024
Building
Bay Square 9

About 807, Bay Square 9

807 is a studio of 659 sqft on the 8th floor of Bay Square 9, a 8-storey tower in Business Bay completed in 2014 by Business Bay. It last sold on 10 May 2024 for AED 930,000, or AED 1,410 per sqft, 11% above the AED 1,276 studios in the building were fetching at the time.

It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, signed on 11 December 2023, is AED 51,397 a year: a gross yield of 5.5% on the 2024 price, before the service charge of about AED 14,500 a year.

Sales and rents for 807 over time

Sales
Unit 807, 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 791,436 (AED 1,200 per sqft)Sold, April 2024: AED 722,000 (AED 1,095 per sqft)Sold, May 2024: AED 930,000 (AED 1,410 per sqft)

807 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 807, 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, September 2016: AED 75,000 a yearNew contract, September 2017: AED 75,000 a yearNew contract, November 2018: AED 70,000 a yearNew contract, January 2020: AED 67,500 a yearNew contract, December 2021: AED 44,500 a yearNew contract, December 2022: AED 48,950 a yearNew contract, December 2023: AED 51,397 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 807 sits

All 107 studios →

807 last sold in May 2024 at AED 1,410 per sqft, 11% above what studios in Bay Square 9 were fetching at the time (AED 1,276). 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. 807's AED 51,397 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 8th floor

All 152 units in Bay Square 9
Value
801StudioAED 1.07M · May 2024
8021-bedAED 1.37M · Jan 2015
8031-bedAED 1.37M · Jan 2015
8041-bedAED 1.37M · Jan 2015
8051-bedAED 1.37M · Jan 2015
806StudioAED 940K · Mar 2024
8081-bedAED 1.6M · Aug 2023
1–7 of 18

807, Bay Square 9 in numbers

  • Sold 3 times: first on 14 January 2015 for AED 791,436, last on 10 May 2024 for AED 930,000 (AED 1,410 per sqft).
  • Rented since September 2016 on 7 Ejari contracts. The rent fell from AED 75,000 to AED 44,500 in 2021 and recovered to AED 51,397 by December 2023.
  • At AED 51,397 a year the gross yield on the 2024 price is 5.5%, before a service charge of about AED 14,500 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 10 May 2024.

Questions about 807, Bay Square 9

What did unit 807 last sell for?

AED 930,000 on 10 May 2024: AED 1,410 per sqft for 659 sqft. The unit has 3 registered sales; the first was AED 791,436 in January 2015.

What is the rent for unit 807?

AED 51,397 a year on the contract signed on 11 December 2023. The previous contract, from December 2022, was AED 48,950; the unit has been rented since September 2016.

How big is unit 807?

659 sqft (61.2 sqm): a studio on the 8th floor of a 8-storey tower completed in 2014.

What is unit 807 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 807, Bay Square 9

Starts from the last sale price (AED 930K, 10 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 930,000
Deposit, UAE resident (20%)
AED 186,000
Deposit, non-resident (40%)
AED 372,000
Monthly over 25 years at 3.7%
AED 3,805

Plus AED 44,070 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →