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1-bed · 422 sqftBays Edge, Business Bay · 15th floor · completed 2016

1501, Bays Edge

Sold prices and rental history: sold once, by the developer in March 2014, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1501 · DLD and Ejari recordsUpdated 1 June 2024
Last soldAED 1.81M24 March 2014
Current rentAED 80K /yr1 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1501, Bays Edge

What is 1501 worth today?

Last sold for AED 1,808,800 in 2014

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1 Jun 2024RentedRenewal
AED 80,000/yr12 months · AED 95 per sqft
1 Jun 2023RentedNew contract
AED 80,000/yr12 months · AED 95 per sqft
1 Jun 2017RentedNew contract
AED 100,000/yr12 months · AED 119 per sqft
24 Mar 2014Sold by developerOff-plan
AED 1,808,800AED 2,141 per sqft

Source: Dubai Land Department. Updated 1 June 2024.

Key facts

Type
1-bed hotel apartment
Size
422 sqft
Floor
15th of 22
Parking
P2-82
Developer
DAMAC
Completed
2016
Last sold
AED 1.81M · March 2014
Building
Bays Edge

About 1501, Bays Edge

1501 is a one-bedroom hotel apartment of 422 sqft on the 15th floor of Bays Edge, a 22-storey tower in Business Bay completed in 2016 by DAMAC. The developer sold it on 24 March 2014 for AED 1,808,800, or AED 2,141 per sqft, 23% above the AED 1,734 one-beds in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, renewed on 1 June 2024, is AED 80,000 a year: a gross yield of 4.4% on the 2014 price.

Sales and rents for 1501 over time

Sales
Unit 1501, each saleTypical one-bed in Bays Edge
1M1.5M2013201720212025Typical sale price by year: 2013 AED 1,456,000; 2014 AED 1,759,960; 2015 AED 1,790,000; 2016 AED 1,367,850; 2017 AED 1,548,000; 2018 AED 1,095,000; 2019 AED 1,000,000; 2021 AED 860,000; 2022 AED 1,050,000; 2023 AED 1,200,000; 2024 AED 1,237,500; 2025 AED 1,450,000Sold by developer, March 2014: AED 1,808,800 (AED 2,141 per sqft)

1501 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1501, each contractTypical one-bed in Bays Edge
75K100K2017202020232026Typical rent by year: 2017 AED 95,000; 2018 AED 85,000; 2019 AED 75,000; 2020 AED 70,000; 2021 AED 60,000; 2022 AED 75,000; 2023 AED 85,000; 2024 AED 90,000; 2025 AED 92,000; 2026 AED 105,000New contract, June 2017: AED 100,000 a yearNew contract, June 2023: AED 80,000 a yearRenewal, June 2024: AED 80,000 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 Bays Edge, and where 1501 sits

All 101 1-beds →

1501 last sold in March 2014 at AED 2,141 per sqft, 23% above what one-beds in Bays Edge were fetching at the time (AED 1,734). Over the last 12 months one-beds sold for AED 434,000 to 2,000,000, around AED 1,676 per sqft, and rent for AED 89,000 to 110,000 a year. 1501's AED 80,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
12 Jan 20262,000,000
6 Jan 20261,120,000
12 Dec 20251,420,000
4 Jul 20251,480,000
5 1-bed sales in the last 12 months

Bays Edge

Building

253 apartments, studios to 3-bed over 22 floors in Business Bay, completed in 2016 by DAMAC. 7 sold in the last 12 months.

Typical price per sqft
AED 1,745
Typical sale
AED 1.12M
Typical rent
AED 98K /yr
Typical yield
6.4%
Bays Edge, Business Bay: prices, sales and rents →

Other units on the 15th floor

All 253 units in Bays Edge
Value
1502StudioAED 842K · Jul 2013
15031-bedAED 1.48M · Jul 2013
15041-bedAED 1.52M · Jul 2013
15052-bedAED 2.16M · Jul 2013
15061-bedAED 1.5M · Aug 2013
15072-bedAED 1.9M · Feb 2023
15082-bedAED 2.16M · Jul 2013
1–7 of 14

1501, Bays Edge in numbers

  • Sold once: by DAMAC on 24 March 2014 for AED 1,808,800, or AED 2,141 per sqft.
  • Rented since June 2017 on 3 Ejari contracts, from AED 100,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2014 price is 4.4%.
  • One-beds in Bays Edge sold for AED 434,000–2,000,000 in the 12 months to November 2026; the building's median across all types is AED 1,745 per sqft.

Source: Dubai Land Department. Updated 1 June 2024.

Questions about 1501, Bays Edge

What did unit 1501 last sell for?

AED 1,808,800 on 24 March 2014, sold by the developer: AED 2,141 per sqft for 422 sqft. It is the only registered sale of the unit.

What is the rent for unit 1501?

AED 80,000 a year on the contract renewed on 1 June 2024. The previous contract, from June 2023, was AED 80,000; the unit has been rented since June 2017.

How big is unit 1501?

422 sqft (39.2 sqm): a one-bedroom hotel apartment on the 15th floor of a 22-storey tower completed in 2016.

What is unit 1501 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Bays Edge sold for AED 434,000 to 2,000,000 in the last 12 months, around AED 1,676 per sqft.

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Mortgage on 1501, Bays Edge

Starts from the last sale price (AED 1.81M, 24 March 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,808,800
Deposit, UAE resident (20%)
AED 361,760
Deposit, non-resident (40%)
AED 723,520
Monthly over 25 years at 3.7%
AED 7,400

Plus AED 80,980 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →