1609, Binghatti Canal
Sold prices and rental history: sold once, by the developer in July 2022, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1609, Binghatti Canal
What is 1609 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 3 June 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,284 sqft
- Floor
- 16th of 21
- Parking
- 1
- Developer
- Binghatti
- Completed
- 2023
- Service charge
- AED 22,700 /yr
- Last sold
- AED 1.67M · July 2022
- Building
- Binghatti Canal
About 1609, Binghatti Canal
1609 is a two-bedroom apartment of 1,284 sqft on the 16th 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 1,665,000, or AED 1,296 per sqft, in line with the AED 1,325 two-beds in the building were fetching at the time.
It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 3 June 2025, is AED 165,000 a year: a gross yield of 9.9% on the 2022 price, before the service charge of about AED 22,700 a year.
Sales and rents for 1609 over time
1609 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 1609 sits
All 79 2-beds →1609 last sold in July 2022 at AED 1,296 per sqft, in line with 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. 1609's AED 165,000 is in the lower 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 16th floor
All 301 units in Binghatti Canal| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | Studio | 452 sqft | AED 900KAED 900,000 · Feb 2024February 2024 | ||
| 1602 | 2-bed | 1,273 sqft | AED 2.04MAED 2,040,553 · Aug 2022August 2022 | 170,000 /yr | |
| 1603 | 1-bed | 703 sqft | AED 1.32MAED 1,317,000 · Aug 2022August 2022 | ||
| 1604 | 1-bed | 704 sqft | AED 1.31MAED 1,310,181 · Aug 2022August 2022 | 94,500 /yr | |
| 1605 | 1-bed | 707 sqft | AED 1.1MAED 1,100,000 · Aug 2022August 2022 | ||
| 1606 | 2-bed | 1,279 sqft | AED 1.67MAED 1,665,000 · Jun 2022June 2022 | 165,000 /yr | |
| 1607 | Studio | 494 sqft | AED 1.3MAED 1,300,000 · May 2023May 2023 | 70,000 /yr | |
| 1608 | Studio | 488 sqft | AED 928KAED 927,880 · Apr 2022April 2022 | 82,500 /yr | |
| 1610 | 1-bed | 717 sqft | AED 1.27MAED 1,273,760 · Sep 2022September 2022 | 110,374 /yr | |
| 1611 | 1-bed | 705 sqft | AED 1.75MAED 1,750,000 · Aug 2024August 2024 | 120,000 /yr | |
| 1612 | 1-bed | 704 sqft | AED 1.26MAED 1,256,990 · Nov 2022November 2022 | ||
| 1613 | 2-bed | 1,323 sqft | AED 2.18MAED 2,180,000 · Mar 2024March 2024 | ||
| 1614 | Studio | 447 sqft | AED 831KAED 831,250 · Oct 2022October 2022 | 73,500 /yr |
1609, Binghatti Canal in numbers
- Sold once: by Binghatti on 7 July 2022 for AED 1,665,000, or AED 1,296 per sqft.
- Rented since September 2024 on 2 Ejari contracts, from AED 150,000 to AED 165,000 a year.
- At AED 165,000 a year the gross yield on the 2022 price is 9.9%, before a service charge of about AED 22,700 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 3 June 2025.
Questions about 1609, Binghatti Canal
What did unit 1609 last sell for?
AED 1,665,000 on 7 July 2022, sold by the developer: AED 1,296 per sqft for 1,284 sqft. It is the only registered sale of the unit.
What is the rent for unit 1609?
AED 165,000 a year on the contract signed on 3 June 2025. The previous contract, from September 2024, was AED 150,000.
How big is unit 1609?
1,284 sqft (119.3 sqm): a two-bedroom apartment on the 16th floor of a 21-storey tower completed in 2023.
What is unit 1609 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 1609, Binghatti Canal
Starts from the last sale price (AED 1.67M, 7 July 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,665,000
- Deposit, UAE resident (20%)
- AED 333,000
- Deposit, non-resident (40%)
- AED 666,000
- Monthly over 25 years at 3.7%
- AED 6,812
Plus AED 74,940 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →