406, Binghatti Canal
Sold prices and rental history: sold twice, last in December 2023, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 406, Binghatti Canal
What is 406 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 25 October 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,326 sqft
- Floor
- 4th of 21
- Parking
- P1-33
- Developer
- Binghatti
- Completed
- 2023
- Service charge
- AED 23,400 /yr
- Last sold
- AED 2.5M · December 2023
- Building
- Binghatti Canal
About 406, Binghatti Canal
406 is a two-bedroom apartment of 1,326 sqft on the 4th floor of Binghatti Canal, a 21-storey tower in Business Bay completed in 2023 by Binghatti. It last sold on 18 December 2023 for AED 2,500,000, or AED 1,884 per sqft, 39% above the AED 1,360 two-beds in the building were fetching at the time.
It has been rented since 2024 on 2 Ejari contracts. The current contract, renewed on 25 October 2025, is AED 160,000 a year: a gross yield of 6.4% on the 2023 price, before the service charge of about AED 23,400 a year.
Sales and rents for 406 over time
406 has sold twice; 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 406 sits
All 79 2-beds →406 last sold in December 2023 at AED 1,884 per sqft, 39% above what two-beds in Binghatti Canal were fetching at the time (AED 1,360). 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. 406's AED 160,000 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 4th floor
All 301 units in Binghatti Canal| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | Studio | 452 sqft | AED 760KAED 760,000 · Sep 2022September 2022 | 70,000 /yr | |
| 402 | 1,332 sqft | AED 2.25MAED 2,250,000 · Aug 2025August 2025 | |||
| 403 | 1-bed | 702 sqft | AED 1.1MAED 1,100,000 · Aug 2022August 2022 | ||
| 404 | 1-bed | 703 sqft | AED 1MAED 1,000,000 · Aug 2022August 2022 | ||
| 405 | 1-bed | 706 sqft | AED 1.05MAED 1,050,000 · Sep 2022September 2022 | 110,000 /yr | |
| 407 | Studio | 491 sqft | AED 1.23MAED 1,230,000 · Jun 2024June 2024 | ||
| 408 | Studio | 488 sqft | AED 1.34MAED 1,340,000 · Jul 2024July 2024 | 102,000 /yr | |
| 409 | 2-bed | 1,332 sqft | AED 1.74MAED 1,735,000 · Sep 2022September 2022 | 150,000 /yr | |
| 410 | 1-bed | 717 sqft | AED 1.08MAED 1,080,000 · Aug 2022August 2022 | ||
| 411 | 1-bed | 704 sqft | AED 1.5MAED 1,500,000 · Dec 2024December 2024 | ||
| 412 | 1-bed | 703 sqft | AED 1.1MAED 1,100,000 · Nov 2022November 2022 | ||
| 413 | 2-bed | 1,378 sqft | AED 1.81MAED 1,809,226 · Mar 2023March 2023 | ||
| 414 | Studio | 450 sqft | AED 725KAED 725,000 · Aug 2022August 2022 |
406, Binghatti Canal in numbers
- Sold twice: first on 7 July 2022 for AED 1,500,000, last on 18 December 2023 for AED 2,500,000 (AED 1,884 per sqft).
- Rented since October 2024 on 2 Ejari contracts, at AED 160,000 a year.
- At AED 160,000 a year the gross yield on the 2023 price is 6.4%, before a service charge of about AED 23,400 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 25 October 2025.
Questions about 406, Binghatti Canal
What did unit 406 last sell for?
AED 2,500,000 on 18 December 2023: AED 1,884 per sqft for 1,326 sqft. The unit has 2 registered sales; the first was AED 1,500,000 in July 2022.
What is the rent for unit 406?
AED 160,000 a year on the contract renewed on 25 October 2025. The previous contract, from October 2024, was AED 160,000.
How big is unit 406?
1,326 sqft (123.2 sqm): a two-bedroom apartment on the 4th floor of a 21-storey tower completed in 2023.
What is unit 406 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 406, Binghatti Canal
Starts from the last sale price (AED 2.5M, 18 December 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,500,000
- Deposit, UAE resident (20%)
- AED 500,000
- Deposit, non-resident (40%)
- AED 1,000,000
- Monthly over 25 years at 3.7%
- AED 10,228
Plus AED 110,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →