P16, Bay Square 9
Sold prices and rental history: sold twice, last in February 2025, 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 P16, Bay Square 9
What is P16 worth today?
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Source: Dubai Land Department. Updated 25 August 2025.
Key facts
- Type
- Studio apartment
- Size
- 818 sqft
- Parking
- B2-578
- Developer
- Business Bay
- Completed
- 2014
- Service charge
- AED 18,000 /yr
- Last sold
- AED 971K · February 2025
- Building
- Bay Square 9
About P16, Bay Square 9
P16 is a studio of 818 sqft of Bay Square 9, a 8-storey tower in Business Bay completed in 2014 by Business Bay. It last sold on 25 February 2025 for AED 971,250, or AED 1,186 per sqft, 10% below the AED 1,322 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 25 August 2025, is AED 125,000 a year: a gross yield of 12.9% on the 2025 price, before the service charge of about AED 18,000 a year.
Sales and rents for P16 over time
P16 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 P16 sits
All 107 studios →P16 last sold in February 2025 at AED 1,186 per sqft, 10% below what studios in Bay Square 9 were fetching at the time (AED 1,322). 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. P16's AED 125,000 is at the top 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%
P16, Bay Square 9 in numbers
- Sold twice: first on 14 January 2015 for AED 988,999, last on 25 February 2025 for AED 971,250 (AED 1,186 per sqft).
- Rented since April 2016 on 6 Ejari contracts. The rent fell from AED 75,000 to AED 43,000 in 2021 and recovered to AED 125,000 by August 2025.
- At AED 125,000 a year the gross yield on the 2025 price is 12.9%, before a service charge of about AED 18,000 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 25 August 2025.
Questions about P16, Bay Square 9
What did unit P16 last sell for?
AED 971,250 on 25 February 2025: AED 1,186 per sqft for 818 sqft. The unit has 2 registered sales; the first was AED 988,999 in January 2015.
What is the rent for unit P16?
AED 125,000 a year on the contract signed on 25 August 2025. The previous contract, from September 2023, was AED 49,694; the unit has been rented since April 2016.
How big is unit P16?
818 sqft (76.0 sqm): a studio of a 8-storey tower completed in 2014.
What is unit P16 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 P16, Bay Square 9
Starts from the last sale price (AED 971K, 25 February 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 971,250
- Deposit, UAE resident (20%)
- AED 194,250
- Deposit, non-resident (40%)
- AED 388,500
- Monthly over 25 years at 3.7%
- AED 3,974
Plus AED 45,803 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →