P18, Bay Square 9
Sold prices and rental history: sold twice, last in December 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for P18, Bay Square 9
What is P18 worth today?
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Source: Dubai Land Department. Updated 1 May 2024.
Key facts
- Type
- Studio apartment
- Size
- 705 sqft
- Parking
- B2-576
- Developer
- Business Bay
- Completed
- 2014
- Service charge
- AED 15,500 /yr
- Last sold
- AED 893K · December 2023
- Building
- Bay Square 9
About P18, Bay Square 9
P18 is a studio of 705 sqft of Bay Square 9, a 8-storey tower in Business Bay completed in 2014 by Business Bay. It last sold on 14 December 2023 for AED 892,500, or AED 1,266 per sqft, in line with the AED 1,274 studios in the building were fetching at the time.
It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, signed on 1 May 2024, is AED 75,000 a year: a gross yield of 8.4% on the 2023 price, before the service charge of about AED 15,500 a year.
Sales and rents for P18 over time
P18 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 P18 sits
All 107 studios →P18 last sold in December 2023 at AED 1,266 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. P18's AED 75,000 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%
P18, Bay Square 9 in numbers
- Sold twice: first on 14 January 2015 for AED 855,318, last on 14 December 2023 for AED 892,500 (AED 1,266 per sqft).
- Rented since February 2017 on 6 Ejari contracts. The rent fell from AED 75,000 to AED 42,000 in 2021 and recovered to AED 75,000 by May 2024.
- At AED 75,000 a year the gross yield on the 2023 price is 8.4%, before a service charge of about AED 15,500 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 1 May 2024.
Questions about P18, Bay Square 9
What did unit P18 last sell for?
AED 892,500 on 14 December 2023: AED 1,266 per sqft for 705 sqft. The unit has 2 registered sales; the first was AED 855,318 in January 2015.
What is the rent for unit P18?
AED 75,000 a year on the contract signed on 1 May 2024. The previous contract, from October 2021, was AED 42,000; the unit has been rented since February 2017.
How big is unit P18?
705 sqft (65.5 sqm): a studio of a 8-storey tower completed in 2014.
What is unit P18 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 P18, Bay Square 9
Starts from the last sale price (AED 893K, 14 December 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 892,500
- Deposit, UAE resident (20%)
- AED 178,500
- Deposit, non-resident (40%)
- AED 357,000
- Monthly over 25 years at 3.7%
- AED 3,651
Plus AED 42,495 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →