1506, Binghatti Canal
Sold prices and rental history: sold once, by the developer in July 2022, and rented once, from September 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1506, Binghatti Canal
What is 1506 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 8 September 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,327 sqft
- Floor
- 15th of 21
- Parking
- 1
- Developer
- Binghatti
- Completed
- 2023
- Service charge
- AED 23,500 /yr
- Last sold
- AED 1.66M · July 2022
- Building
- Binghatti Canal
About 1506, Binghatti Canal
1506 is a two-bedroom apartment of 1,327 sqft on the 15th floor of Binghatti Canal, a 21-storey tower in Business Bay completed in 2023 by Binghatti. The developer sold it on 7 July 2022 for AED 1,660,000, or AED 1,250 per sqft, 6% below the AED 1,325 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 8 September 2024. The current contract, signed on 8 September 2024, is AED 175,000 a year: a gross yield of 10.5% on the 2022 price, before the service charge of about AED 23,500 a year.
Sales and rents for 1506 over time
1506 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Binghatti Canal, and where 1506 sits
All 79 2-beds →1506 last sold in July 2022 at AED 1,250 per sqft, 6% below what two-beds in Binghatti Canal were fetching at the time (AED 1,325). Over the last 12 months two-beds sold for AED 2,050,000 to 2,600,000, around AED 1,743 per sqft, and rent for AED 140,000 to 200,000 a year. 1506's AED 175,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 Jan 202627 January 2026 | 1,283 sqft | 2,600,000 | 2,025 | ||
| 22 Jan 202622 January 2026 | 1,273 sqft | 2,220,000 | 1,743 | ||
| 12 Jan 202612 January 2026 | 1,323 sqft | 2,050,000 | 1,549 | ||
| 2 Jan 20262 January 2026 | 1,378 sqft | 2,180,000 | 1,582 |
Binghatti Canal
Building301 apartments, studios to 2-bed over 21 floors in Business Bay, completed in 2023 by Binghatti. 12 sold in the last 12 months.
- Typical price per sqft
- AED 1,993 Down 5.7%
- Typical sale
- AED 2.12M
- Typical rent
- AED 120K /yr
- Typical yield
- 8.1%
Other units on the 15th floor
All 301 units in Binghatti Canal| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | Studio | 454 sqft | AED 775KAED 775,000 · Nov 2022November 2022 | 70,000 /yr | |
| 1502 | 2-bed | 1,331 sqft | AED 1.88MAED 1,875,000 · Jun 2022June 2022 | 175,000 /yr | |
| 1503 | 1-bed | 703 sqft | AED 1.43MAED 1,433,000 · Aug 2023August 2023 | ||
| 1504 | 1-bed | 704 sqft | AED 1.31MAED 1,312,000 · Sep 2022September 2022 | ||
| 1505 | 1-bed | 707 sqft | AED 1.28MAED 1,278,282 · Sep 2022September 2022 | ||
| 1507 | Studio | 494 sqft | AED 820KAED 820,000 · Sep 2022September 2022 | 85,000 /yr | |
| 1508 | Studio | 488 sqft | AED 1.36MAED 1,360,000 · Dec 2023December 2023 | ||
| 1509 | 2-bed | 1,333 sqft | AED 1.66MAED 1,660,000 · Jul 2022July 2022 | 165,000 /yr | |
| 1510 | 1-bed | 717 sqft | AED 1.25MAED 1,250,000 · Sep 2022September 2022 | 136,300 /yr | |
| 1511 | 1-bed | 705 sqft | AED 1.25MAED 1,248,572 · Nov 2022November 2022 | ||
| 1512 | 1-bed | 704 sqft | AED 1.24MAED 1,240,000 · Nov 2022November 2022 | 130,000 /yr | |
| 1513 | 2-bed | 1,378 sqft | AED 2.18MAED 2,180,000 · Jan 2026January 2026 | ||
| 1514 | Studio | 447 sqft | AED 970KAED 970,000 · Feb 2025February 2025 | 76,500 /yr |
1506, Binghatti Canal in numbers
- Sold once: by Binghatti on 7 July 2022 for AED 1,660,000, or AED 1,250 per sqft.
- Rented since September 2024 on one Ejari contract, at AED 175,000 a year.
- At AED 175,000 a year the gross yield on the 2022 price is 10.5%, before a service charge of about AED 23,500 a year (AED 17.68 per sqft).
- Two-beds in Binghatti Canal sold for AED 2,050,000–2,600,000 in the 12 months to November 2026; the building's median across all types is AED 1,993 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 8 September 2024.
Questions about 1506, Binghatti Canal
What did unit 1506 last sell for?
AED 1,660,000 on 7 July 2022, sold by the developer: AED 1,250 per sqft for 1,327 sqft. It is the only registered sale of the unit.
What is the rent for unit 1506?
AED 175,000 a year on the contract signed on 8 September 2024.
How big is unit 1506?
1,327 sqft (123.3 sqm): a two-bedroom apartment on the 15th floor of a 21-storey tower completed in 2023.
What is unit 1506 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Binghatti Canal sold for AED 2,050,000 to 2,600,000 in the last 12 months, around AED 1,743 per sqft.
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Mortgage on 1506, Binghatti Canal
Starts from the last sale price (AED 1.66M, 7 July 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,660,000
- Deposit, UAE resident (20%)
- AED 332,000
- Deposit, non-resident (40%)
- AED 664,000
- Monthly over 25 years at 3.7%
- AED 6,792
Plus AED 74,730 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →