2-bed · 1,284 sqftBinghatti Canal, Business Bay · 7th floor · completed 2023

709, Binghatti Canal

Sold prices and rental history: sold once, by the developer in August 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 709 · DLD and Ejari recordsUpdated 15 August 2022
Last soldAED 1.84M15 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 709, Binghatti Canal

What is 709 worth today?

Last sold for AED 1,844,617 in 2022

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15 Aug 2022Sold by developerOff-plan
AED 1,844,617AED 1,436 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 August 2022.

Key facts

Type
2-bed apartment
Size
1,284 sqft
Floor
7th of 21
Parking
1
Developer
Binghatti
Completed
2023
Service charge
AED 22,700 /yr
Last sold
AED 1.84M · August 2022

About 709, Binghatti Canal

709 is a two-bedroom apartment of 1,284 sqft on the 7th floor of Binghatti Canal, a 21-storey tower in Business Bay completed in 2023 by Binghatti. The developer sold it on 15 August 2022 for AED 1,844,617, or AED 1,436 per sqft, 6% above the AED 1,356 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 709 over time

Sales
Unit 709, each saleTypical two-bed in Binghatti Canal
2M2.5M202220242026Typical sale price by year: 2022 AED 1,797,708; 2023 AED 1,829,613; 2024 AED 2,450,000; 2025 AED 2,425,000; 2026 AED 2,200,000Sold by developer, August 2022: AED 1,844,617 (AED 1,436 per sqft)

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

Rents
Unit 709, each contractTypical two-bed in Binghatti Canal
165K168K170K2024202520262027Typical rent by year: 2024 AED 165,216; 2025 AED 165,000; 2026 AED 170,000

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 709 sits

All 79 2-beds →

709 last sold in August 2022 at AED 1,436 per sqft, 6% above what two-beds in Binghatti Canal were fetching at the time (AED 1,356). 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.

Recent 2-bed salesUnit no.Price (AED)Summary
27 Jan 20262,600,000
22 Jan 20262,220,000
12 Jan 20262,050,000
2 Jan 20262,180,000
7 2-bed sales in the last 12 months

Binghatti Canal

Building

301 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%
Binghatti Canal, Business Bay: prices, sales and rents →

Other units on the 7th floor

All 301 units in Binghatti Canal
Value
701StudioAED 779K · Aug 2022
7022-bedAED 1.88M · Sep 2022
7031-bedAED 1.15M · Sep 2022
7041-bedAED 1.2M · Sep 2022
7051-bedAED 1.65M · May 2024
7062-bedAED 1.7M · Jun 2023
707StudioAED 770K · Dec 2022
1–7 of 13

709, Binghatti Canal in numbers

  • Sold once: by Binghatti on 15 August 2022 for AED 1,844,617, or AED 1,436 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 15 August 2022.

Questions about 709, Binghatti Canal

What did unit 709 last sell for?

AED 1,844,617 on 15 August 2022, sold by the developer: AED 1,436 per sqft for 1,284 sqft. It is the only registered sale of the unit.

How big is unit 709?

1,284 sqft (119.3 sqm): a two-bedroom apartment on the 7th floor of a 21-storey tower completed in 2023.

What is unit 709 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 709, Binghatti Canal

Starts from the last sale price (AED 1.84M, 15 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,844,617
Deposit, UAE resident (20%)
AED 368,923
Deposit, non-resident (40%)
AED 737,847
Monthly over 25 years at 3.7%
AED 7,547

Plus AED 82,484 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →