2-bed · 1,413 sqftExecutive Bay A, Business Bay · 4th floor · completed 2014

401, Executive Bay A

Sold prices and rental history: sold once, by the developer in May 2015, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 401 · DLD and Ejari recordsUpdated 15 December 2024
Last soldAED 2.64M21 May 2015
Current rentAED 91K /yr15 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 401, Executive Bay A

What is 401 worth today?

Last sold for AED 2,637,000 in 2015

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15 Dec 2024RentedRenewal
AED 90,500/yr12 months · AED 64 per sqft
15 Dec 2022RentedRenewal
AED 70,000/yr12 months · AED 50 per sqft
15 Dec 2021RentedNew contract
AED 60,000/yr12 months · AED 43 per sqft
1 Oct 2018RentedNew contract
AED 75,000/yr12 months · AED 53 per sqft
10 Sep 2017RentedNew contract
AED 90,000/yr12 months · AED 64 per sqft
21 May 2015Sold by developerReady
AED 2,637,000AED 1,866 per sqft

Source: Dubai Land Department. Updated 15 December 2024.

Key facts

Type
2-bed apartment
Size
1,413 sqft
Floor
4th of 20
Parking
B3-1
Developer
DAMAC
Completed
2014
Service charge
AED 18,100 /yr
Last sold
AED 2.64M · May 2015

About 401, Executive Bay A

401 is a two-bedroom apartment of 1,413 sqft on the 4th floor of Executive Bay A, a 20-storey tower in Business Bay completed in 2014 by DAMAC. The developer sold it on 21 May 2015 for AED 2,637,000, or AED 1,866 per sqft, 37% above the AED 1,362 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, renewed on 15 December 2024, is AED 90,500 a year: a gross yield of 3.4% on the 2015 price, before the service charge of about AED 18,100 a year.

Sales and rents for 401 over time

Sales
Unit 401, each saleTypical two-bed in Executive Bay A
1M2M2012201620202024Typical 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, May 2015: AED 2,637,000 (AED 1,866 per sqft)

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

Rents
Unit 401, each contractTypical two-bed in Executive Bay A
100K20142017202020232026Typical 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, September 2017: AED 90,000 a yearNew contract, October 2018: AED 75,000 a yearNew contract, December 2021: AED 60,000 a yearRenewal, December 2022: AED 70,000 a yearRenewal, December 2024: AED 90,500 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 401 sits

All 57 2-beds →

401 last sold in May 2015 at AED 1,866 per sqft, 37% above what two-beds in Executive Bay A were fetching at the time (AED 1,362). 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. 401's AED 90,500 is at the bottom 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 4th floor

All 176 units in Executive Bay A
Value
4022-bedAED 1.55M · Jun 2024
4031-bedAED 1.06M · Jul 2022
404StudioAED 765K · Nov 2021
4051-bedAED 1.15M · Dec 2024
406StudioAED 400K · Oct 2021

401, Executive Bay A in numbers

  • Sold once: by DAMAC on 21 May 2015 for AED 2,637,000, or AED 1,866 per sqft.
  • Rented since September 2017 on 5 Ejari contracts. The rent fell from AED 90,000 to AED 60,000 in 2021 and recovered to AED 90,500 by December 2024.
  • At AED 90,500 a year the gross yield on the 2015 price is 3.4%, before a service charge of about AED 18,100 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 15 December 2024.

Questions about 401, Executive Bay A

What did unit 401 last sell for?

AED 2,637,000 on 21 May 2015, sold by the developer: AED 1,866 per sqft for 1,413 sqft. It is the only registered sale of the unit.

What is the rent for unit 401?

AED 90,500 a year on the contract renewed on 15 December 2024. The previous contract, from December 2022, was AED 70,000; the unit has been rented since September 2017.

How big is unit 401?

1,413 sqft (131.3 sqm): a two-bedroom apartment on the 4th floor of a 20-storey tower completed in 2014.

What is unit 401 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 401, Executive Bay A

Starts from the last sale price (AED 2.64M, 21 May 2015). Switch to today's estimate once you have unlocked it.
Price
AED 2,637,000
Deposit, UAE resident (20%)
AED 527,400
Deposit, non-resident (40%)
AED 1,054,800
Monthly over 25 years at 3.7%
AED 10,789

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →