2-bed · 1,055 sqftExecutive Bay A, Business Bay · 14th floor · completed 2014

1408, Executive Bay A

Sold prices and rental history: sold once, by the developer in August 2014, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1408 · DLD and Ejari recordsUpdated 30 March 2023
Last soldAED 1.59M26 August 2014
Current rentAED 100K /yr30 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1408, Executive Bay A

What is 1408 worth today?

Last sold for AED 1,588,400 in 2014

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30 Mar 2023RentedNew contract
AED 100,000/yr13 months · AED 95 per sqft
7 Apr 2022RentedRenewal
AED 55,000/yr12 months · AED 52 per sqft
7 Apr 2021RentedNew contract
AED 55,000/yr12 months · AED 52 per sqft
16 Sep 2019RentedRenewal
AED 80,000/yr12 months · AED 76 per sqft
16 Sep 2018RentedNew contract
AED 85,000/yr12 months · AED 81 per sqft
25 Mar 2017RentedRenewal
AED 120,000/yr12 months · AED 114 per sqft
25 Mar 2016RentedNew contract
AED 120,000/yr12 months · AED 114 per sqft
10 Feb 2015RentedNew contract
AED 120,000/yr12 months · AED 114 per sqft

Source: Dubai Land Department. Updated 30 March 2023.

Key facts

Type
2-bed apartment
Size
1,055 sqft
Floor
14th of 20
Parking
B2-94
Developer
DAMAC
Completed
2014
Service charge
AED 13,500 /yr
Last sold
AED 1.59M · August 2014

About 1408, Executive Bay A

1408 is a two-bedroom apartment of 1,055 sqft on the 14th floor of Executive Bay A, a 20-storey tower in Business Bay completed in 2014 by DAMAC. The developer sold it on 26 August 2014 for AED 1,588,400, or AED 1,505 per sqft, 16% above the AED 1,299 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, signed on 30 March 2023, is AED 100,000 a year: a gross yield of 6.3% on the 2014 price, before the service charge of about AED 13,500 a year.

Sales and rents for 1408 over time

Sales
Unit 1408, each saleTypical two-bed in Executive Bay A
1M1.5M2012201620202024Typical sale price by year: 2012 AED 1,249,600; 2013 AED 1,365,000; 2014 AED 1,494,474; 2015 AED 1,631,775; 2016 AED 1,400,000; 2017 AED 1,342,500; 2018 AED 1,300,000; 2019 AED 1,000,000; 2022 AED 932,523; 2023 AED 1,195,000; 2024 AED 1,258,400; 2025 AED 1,460,678Sold by developer, August 2014: AED 1,588,400 (AED 1,505 per sqft)

1408 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1408, each contractTypical two-bed in Executive Bay A
50K100K20142017202020232026Typical rent by year: 2014 AED 115,000; 2015 AED 115,500; 2016 AED 114,000; 2017 AED 100,000; 2018 AED 84,000; 2019 AED 77,000; 2020 AED 67,385; 2021 AED 62,000; 2022 AED 75,000; 2023 AED 85,000; 2024 AED 100,000; 2025 AED 106,667New contract, February 2015: AED 120,000 a yearNew contract, March 2016: AED 120,000 a yearRenewal, March 2017: AED 120,000 a yearNew contract, September 2018: AED 85,000 a yearRenewal, September 2019: AED 80,000 a yearNew contract, April 2021: AED 55,000 a yearRenewal, April 2022: AED 55,000 a yearNew contract, March 2023: AED 100,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Executive Bay A, and where 1408 sits

All 57 2-beds →

1408 last sold in August 2014 at AED 1,505 per sqft, 16% above what two-beds in Executive Bay A were fetching at the time (AED 1,299). Over the last 12 months two-beds sold for AED 1,380,000 to 1,471,356, around AED 1,356 per sqft, and rent for AED 92,000 to 130,000 a year. 1408's AED 100,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
30 Jan 20261,380,000
15 Dec 20251,471,356
21 Jul 20251,381,487
7 May 20251,450,000
2 2-bed sales in the last 12 months

Executive Bay A

Building

176 apartments, studios to 2-bed over 20 floors in Business Bay, completed in 2014 by DAMAC. 6 sold in the last 12 months.

Typical price per sqft
AED 1,394
Typical sale
AED 1.23M
Typical rent
AED 64K /yr
Typical yield
8.9%
Executive Bay A, Business Bay: prices, sales and rents →

Other units on the 14th floor

All 176 units in Executive Bay A
Value
14012-bedAED 1.68M · Aug 2014
14022-bedAED 1.64M · Mar 2015
14031-bedAED 1.19M · Aug 2014
14042-bedAED 4.59M · Jul 2014
1405StudioAED 625K · May 2015
1406StudioAED 630K · Sep 2023
1407StudioAED 595K · Aug 2014
1–7 of 10

1408, Executive Bay A in numbers

  • Sold once: by DAMAC on 26 August 2014 for AED 1,588,400, or AED 1,505 per sqft.
  • Rented since February 2015 on 8 Ejari contracts. The rent fell from AED 120,000 to AED 55,000 in 2022 and recovered to AED 100,000 by March 2023.
  • At AED 100,000 a year the gross yield on the 2014 price is 6.3%, before a service charge of about AED 13,500 a year (AED 12.83 per sqft).
  • Two-beds in Executive Bay A sold for AED 1,380,000–1,471,356 in the 12 months to November 2026; the building's median across all types is AED 1,394 per sqft.

Source: Dubai Land Department. Updated 30 March 2023.

Questions about 1408, Executive Bay A

What did unit 1408 last sell for?

AED 1,588,400 on 26 August 2014, sold by the developer: AED 1,505 per sqft for 1,055 sqft. It is the only registered sale of the unit.

What is the rent for unit 1408?

AED 100,000 a year on the contract signed on 30 March 2023. The previous contract, from April 2022, was AED 55,000; the unit has been rented since February 2015.

How big is unit 1408?

1,055 sqft (98.0 sqm): a two-bedroom apartment on the 14th floor of a 20-storey tower completed in 2014.

What is unit 1408 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Executive Bay A sold for AED 1,380,000 to 1,471,356 in the last 12 months, around AED 1,356 per sqft.

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Mortgage on 1408, Executive Bay A

Starts from the last sale price (AED 1.59M, 26 August 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,588,400
Deposit, UAE resident (20%)
AED 317,680
Deposit, non-resident (40%)
AED 635,360
Monthly over 25 years at 3.7%
AED 6,499

Plus AED 71,723 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →