1-bed · 1,135 sqftBay Square 9, Business Bay · completed 2014

P09, Bay Square 9

Sold prices and rental history: sold twice, last in October 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit P09 · DLD and Ejari recordsUpdated 17 October 2024
Last soldAED 1.51M17 October 2024
Current rentAED 70K /yr7 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for P09, Bay Square 9

What is P09 worth today?

Last sold for AED 1,510,923 in 2024

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17 Oct 2024SoldReady
AED 1,510,923AED 1,331 per sqft
7 Feb 2023RentedNew contract
AED 70,000/yr12 months · AED 62 per sqft
7 Feb 2022RentedRenewal
AED 67,000/yr12 months · AED 59 per sqft
7 Jan 2021RentedNew contract
AED 65,000/yr13 months · AED 57 per sqft
7 Jan 2020RentedNew contract
AED 94,500/yr12 months · AED 83 per sqft
24 Oct 2018RentedNew contract
AED 105,000/yr12 months · AED 93 per sqft
2 Sep 2017RentedNew contract
AED 105,000/yr12 months · AED 93 per sqft
14 Jan 2015Sold by developerReady
AED 1,377,027AED 1,213 per sqft

Source: Dubai Land Department. Updated 17 October 2024.

Key facts

Type
1-bed apartment
Size
1,135 sqft
Parking
B2-771
Developer
Business Bay
Completed
2014
Service charge
AED 25,000 /yr
Last sold
AED 1.51M · October 2024
Building
Bay Square 9

About P09, Bay Square 9

P09 is a one-bedroom apartment of 1,135 sqft of Bay Square 9, a 8-storey tower in Business Bay completed in 2014 by Business Bay. It last sold on 17 October 2024 for AED 1,510,923, or AED 1,331 per sqft, 4% above the AED 1,278 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, signed on 7 February 2023, is AED 70,000 a year: a gross yield of 4.6% on the 2024 price, before the service charge of about AED 25,000 a year.

Sales and rents for P09 over time

Sales
Unit P09, 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 1,377,027 (AED 1,213 per sqft)Sold, October 2024: AED 1,510,923 (AED 1,331 per sqft)

P09 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit P09, each contractTypical one-bed in Bay Square 9
75K100K125K2016201920222025Typical 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, September 2017: AED 105,000 a yearNew contract, October 2018: AED 105,000 a yearNew contract, January 2020: AED 94,500 a yearNew contract, January 2021: AED 65,000 a yearRenewal, February 2022: AED 67,000 a yearNew contract, February 2023: AED 70,000 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 P09 sits

All 50 1-beds →

P09 last sold in October 2024 at AED 1,331 per sqft, 4% above what one-beds in Bay Square 9 were fetching at the time (AED 1,278). 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. P09's AED 70,000 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 →

P09, Bay Square 9 in numbers

  • Sold twice: first on 14 January 2015 for AED 1,377,027, last on 17 October 2024 for AED 1,510,923 (AED 1,331 per sqft).
  • Rented since September 2017 on 6 Ejari contracts, from AED 105,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2024 price is 4.6%, before a service charge of about AED 25,000 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 17 October 2024.

Questions about P09, Bay Square 9

What did unit P09 last sell for?

AED 1,510,923 on 17 October 2024: AED 1,331 per sqft for 1,135 sqft. The unit has 2 registered sales; the first was AED 1,377,027 in January 2015.

What is the rent for unit P09?

AED 70,000 a year on the contract signed on 7 February 2023. The previous contract, from February 2022, was AED 67,000; the unit has been rented since September 2017.

How big is unit P09?

1,135 sqft (105.4 sqm): a one-bedroom apartment of a 8-storey tower completed in 2014.

What is unit P09 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 P09, Bay Square 9

Starts from the last sale price (AED 1.51M, 17 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,510,923
Deposit, UAE resident (20%)
AED 302,185
Deposit, non-resident (40%)
AED 604,369
Monthly over 25 years at 3.7%
AED 6,182

Plus AED 68,469 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →