Studio · 664 sqftBay Square 9, Business Bay · 8th floor · completed 2014

816, Bay Square 9

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

Unit 816 · DLD and Ejari recordsUpdated 1 April 2024
Last soldAED 900K1 April 2024
Current rentAED 52K /yr15 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 816, Bay Square 9

What is 816 worth today?

Last sold for AED 900,000 in 2024

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1 Apr 2024SoldReady
AED 900,000AED 1,356 per sqft
15 Jan 2023RentedNew contract
AED 51,947/yr6 months · AED 78 per sqft
15 Jan 2022RentedNew contract
AED 47,000/yr12 months · AED 71 per sqft
30 Apr 2020RentedNew contract
AED 63,000/yr12 months · AED 95 per sqft
1 Mar 2019RentedNew contract
AED 70,000/yr12 months · AED 105 per sqft
1 Jan 2018RentedNew contract
AED 75,000/yr12 months · AED 113 per sqft
1 Dec 2016RentedNew contract
AED 75,000/yr12 months · AED 113 per sqft
14 Jan 2015Sold by developerReady
AED 803,266AED 1,210 per sqft

Source: Dubai Land Department. Updated 1 April 2024.

Key facts

Type
Studio apartment
Size
664 sqft
Floor
8th of 8
Parking
B2-790
Developer
Business Bay
Completed
2014
Service charge
AED 14,600 /yr
Last sold
AED 900K · April 2024
Building
Bay Square 9

About 816, Bay Square 9

816 is a studio of 664 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 1 April 2024 for AED 900,000, or AED 1,356 per sqft, 6% above the AED 1,274 studios in the building were fetching at the time.

It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, signed on 15 January 2023, is AED 51,947 a year: a gross yield of 5.8% on the 2024 price, before the service charge of about AED 14,600 a year.

Sales and rents for 816 over time

Sales
Unit 816, 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 803,266 (AED 1,210 per sqft)Sold, April 2024: AED 900,000 (AED 1,356 per sqft)

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

Rents
Unit 816, 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, December 2016: AED 75,000 a yearNew contract, January 2018: AED 75,000 a yearNew contract, March 2019: AED 70,000 a yearNew contract, April 2020: AED 63,000 a yearNew contract, January 2022: AED 47,000 a yearNew contract, January 2023: AED 51,947 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 816 sits

All 107 studios →

816 last sold in April 2024 at AED 1,356 per sqft, 6% above what studios in Bay Square 9 were fetching at the time (AED 1,274). 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. 816's AED 51,947 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
807StudioAED 930K · May 2024
1–7 of 18

816, Bay Square 9 in numbers

  • Sold twice: first on 14 January 2015 for AED 803,266, last on 1 April 2024 for AED 900,000 (AED 1,356 per sqft).
  • Rented since December 2016 on 6 Ejari contracts. The rent fell from AED 75,000 to AED 47,000 in 2022 and recovered to AED 51,947 by January 2023.
  • At AED 51,947 a year the gross yield on the 2024 price is 5.8%, 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 1 April 2024.

Questions about 816, Bay Square 9

What did unit 816 last sell for?

AED 900,000 on 1 April 2024: AED 1,356 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 816?

AED 51,947 a year on the contract signed on 15 January 2023. The previous contract, from January 2022, was AED 47,000; the unit has been rented since December 2016.

How big is unit 816?

664 sqft (61.7 sqm): a studio on the 8th floor of a 8-storey tower completed in 2014.

What is unit 816 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 816, Bay Square 9

Starts from the last sale price (AED 900K, 1 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 900,000
Deposit, UAE resident (20%)
AED 180,000
Deposit, non-resident (40%)
AED 360,000
Monthly over 25 years at 3.7%
AED 3,682

Plus AED 42,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →