1-bed · 860 sqftBays Edge, Business Bay · 17th floor · completed 2016

1704, Bays Edge

Sold prices and rental history: sold once, by the developer in April 2014, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1704 · DLD and Ejari recordsUpdated 20 October 2024
Last soldAED 1.48M21 April 2014
Current rentAED 92K /yr20 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1704, Bays Edge

What is 1704 worth today?

Last sold for AED 1,476,750 in 2014

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20 Oct 2024RentedNew contract
AED 92,000/yr12 months · AED 107 per sqft
5 Jan 2024RentedRenewal
AED 90,000/yr9 months · AED 105 per sqft
5 Jan 2023RentedRenewal
AED 85,000/yr12 months · AED 99 per sqft
5 Jan 2022RentedRenewal
AED 80,000/yr12 months · AED 93 per sqft
21 Apr 2014Sold by developerOff-plan
AED 1,476,750AED 1,716 per sqft

Source: Dubai Land Department. Updated 20 October 2024.

Key facts

Type
1-bed hotel apartment
Size
860 sqft
Floor
17th of 22
Parking
P3-21
Developer
DAMAC
Completed
2016
Last sold
AED 1.48M · April 2014
Building
Bays Edge

About 1704, Bays Edge

1704 is a one-bedroom hotel apartment of 860 sqft on the 17th floor of Bays Edge, a 22-storey tower in Business Bay completed in 2016 by DAMAC. The developer sold it on 21 April 2014 for AED 1,476,750, or AED 1,716 per sqft, in line with the AED 1,768 one-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 20 October 2024, is AED 92,000 a year: a gross yield of 6.2% on the 2014 price.

Sales and rents for 1704 over time

Sales
Unit 1704, 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, April 2014: AED 1,476,750 (AED 1,716 per sqft)

1704 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1704, 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 105,000Renewal, January 2022: AED 80,000 a yearRenewal, January 2023: AED 85,000 a yearRenewal, January 2024: AED 90,000 a yearNew contract, October 2024: AED 92,000 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 1704 sits

All 101 1-beds →

1704 last sold in April 2014 at AED 1,716 per sqft, in line with what one-beds in Bays Edge were fetching at the time (AED 1,768). 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. 1704's AED 92,000 is in the lower half 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 17th floor

All 253 units in Bays Edge
Value
17011-bedAED 1.81M · Apr 2014
1702StudioAED 815K · May 2017
17031-bedAED 1.75M · Apr 2014
17052-bedAED 2.96M · Oct 2014
17063-bedAED 3.99M · Dec 2013
17073-bedAED 4M · Oct 2013
17082-bedAED 2.55M · Mar 2014
1–7 of 12

1704, Bays Edge in numbers

  • Sold once: by DAMAC on 21 April 2014 for AED 1,476,750, or AED 1,716 per sqft.
  • Rented since January 2022 on 4 Ejari contracts, from AED 80,000 to AED 92,000 a year.
  • At AED 92,000 a year the gross yield on the 2014 price is 6.2%.
  • 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 20 October 2024.

Questions about 1704, Bays Edge

What did unit 1704 last sell for?

AED 1,476,750 on 21 April 2014, sold by the developer: AED 1,716 per sqft for 860 sqft. It is the only registered sale of the unit.

What is the rent for unit 1704?

AED 92,000 a year on the contract signed on 20 October 2024. The previous contract, from January 2024, was AED 90,000; the unit has been rented since January 2022.

How big is unit 1704?

860 sqft (79.9 sqm): a one-bedroom hotel apartment on the 17th floor of a 22-storey tower completed in 2016.

What is unit 1704 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 1704, Bays Edge

Starts from the last sale price (AED 1.48M, 21 April 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,476,750
Deposit, UAE resident (20%)
AED 295,350
Deposit, non-resident (40%)
AED 590,700
Monthly over 25 years at 3.7%
AED 6,042

Plus AED 67,034 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →