P11, Bay Square 9
Sold prices and rental history: sold twice, last in January 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for P11, Bay Square 9
What is P11 worth today?
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Source: Dubai Land Department. Updated 18 May 2024.
Key facts
- Type
- Studio apartment
- Size
- 659 sqft
- Parking
- B2-769
- Developer
- Business Bay
- Completed
- 2014
- Service charge
- AED 14,500 /yr
- Last sold
- AED 864K · January 2024
- Building
- Bay Square 9
About P11, Bay Square 9
P11 is a studio of 659 sqft of Bay Square 9, a 8-storey tower in Business Bay completed in 2014 by Business Bay. It last sold on 23 January 2024 for AED 864,360, or AED 1,311 per sqft, in line with the AED 1,274 studios in the building were fetching at the time.
It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, signed on 18 May 2024, is AED 70,000 a year: a gross yield of 8.1% on the 2024 price, before the service charge of about AED 14,500 a year.
Sales and rents for P11 over time
P11 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 P11 sits
All 107 studios →P11 last sold in January 2024 at AED 1,311 per sqft, in line with 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. P11's AED 70,000 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%
P11, Bay Square 9 in numbers
- Sold twice: first on 14 January 2015 for AED 797,351, last on 23 January 2024 for AED 864,360 (AED 1,311 per sqft).
- Rented since February 2016 on 8 Ejari contracts. The rent fell from AED 70,000 to AED 41,000 in 2021 and recovered to AED 70,000 by May 2024.
- At AED 70,000 a year the gross yield on the 2024 price is 8.1%, 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 18 May 2024.
Questions about P11, Bay Square 9
What did unit P11 last sell for?
AED 864,360 on 23 January 2024: AED 1,311 per sqft for 659 sqft. The unit has 2 registered sales; the first was AED 797,351 in January 2015.
What is the rent for unit P11?
AED 70,000 a year on the contract signed on 18 May 2024. The previous contract, from March 2023, was AED 47,386; the unit has been rented since February 2016.
How big is unit P11?
659 sqft (61.2 sqm): a studio of a 8-storey tower completed in 2014.
What is unit P11 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 P11, Bay Square 9
Starts from the last sale price (AED 864K, 23 January 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 864,360
- Deposit, UAE resident (20%)
- AED 172,872
- Deposit, non-resident (40%)
- AED 345,744
- Monthly over 25 years at 3.7%
- AED 3,536
Plus AED 41,313 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →