2-bed · 1,116 sqftExecutive Bay A, Business Bay · 7th floor · completed 2014

704, Executive Bay A

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

Unit 704 · DLD and Ejari recordsUpdated 1 February 2024
Last soldAED 1.37M20 October 2014
Current rentAED 120K /yr1 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 704, Executive Bay A

What is 704 worth today?

Last sold for AED 1,368,000 in 2014

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1 Feb 2024RentedNew contract
AED 120,000/yr12 months · AED 107 per sqft
11 Sep 2023RentedNew contract
AED 100,000/yr12 months · AED 90 per sqft
4 Nov 2021RentedRenewal
AED 65,000/yr12 months · AED 58 per sqft
4 Nov 2020RentedNew contract
AED 60,000/yr12 months · AED 54 per sqft
5 Oct 2019RentedNew contract
AED 144,000/yr12 months · AED 129 per sqft
9 Apr 2019RentedNew contract
AED 144,000/yr12 months · AED 129 per sqft
4 Nov 2016RentedNew contract
AED 110,000/yr12 months · AED 99 per sqft
10 Oct 2015RentedNew contract
AED 117,600/yr12 months · AED 105 per sqft

Source: Dubai Land Department. Updated 1 February 2024.

Key facts

Type
2-bed apartment
Size
1,116 sqft
Floor
7th of 20
Parking
B3-76
Developer
DAMAC
Completed
2014
Service charge
AED 14,300 /yr
Last sold
AED 1.37M · October 2014

About 704, Executive Bay A

704 is a two-bedroom apartment of 1,116 sqft on the 7th floor of Executive Bay A, a 20-storey tower in Business Bay completed in 2014 by DAMAC. The developer sold it on 20 October 2014 for AED 1,368,000, or AED 1,225 per sqft, 8% below the AED 1,329 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, signed on 1 February 2024, is AED 120,000 a year: a gross yield of 8.8% on the 2014 price, before the service charge of about AED 14,300 a year.

Sales and rents for 704 over time

Sales
Unit 704, 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, October 2014: AED 1,368,000 (AED 1,225 per sqft)

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

Rents
Unit 704, each contractTypical two-bed in Executive Bay A
50K100K150K20142017202020232026Typical 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, October 2014: AED 112,000 a yearNew contract, October 2015: AED 117,600 a yearNew contract, November 2016: AED 110,000 a yearNew contract, April 2019: AED 144,000 a yearNew contract, October 2019: AED 144,000 a yearNew contract, November 2020: AED 60,000 a yearRenewal, November 2021: AED 65,000 a yearNew contract, September 2023: AED 100,000 a yearNew contract, February 2024: AED 120,000 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 704 sits

All 57 2-beds →

704 last sold in October 2014 at AED 1,225 per sqft, 8% below what two-beds in Executive Bay A were fetching at the time (AED 1,329). 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. 704's AED 120,000 is in the upper 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 7th floor

All 176 units in Executive Bay A
Value
7012-bedAED 1.44M · Dec 2017
7022-bedAED 1.5M · Apr 2025
7031-bedAED 800K · Dec 2024
705StudioAED 565K · Dec 2014
706StudioAED 623K · Feb 2015
707StudioAED 810K · May 2025
7082-bedAED 1.46M · Oct 2014
1–7 of 10

704, Executive Bay A in numbers

  • Sold once: by DAMAC on 20 October 2014 for AED 1,368,000, or AED 1,225 per sqft.
  • Rented since October 2014 on 9 Ejari contracts. The rent fell from AED 112,000 to AED 60,000 in 2020 and recovered to AED 120,000 by February 2024.
  • At AED 120,000 a year the gross yield on the 2014 price is 8.8%, before a service charge of about AED 14,300 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 1 February 2024.

Questions about 704, Executive Bay A

What did unit 704 last sell for?

AED 1,368,000 on 20 October 2014, sold by the developer: AED 1,225 per sqft for 1,116 sqft. It is the only registered sale of the unit.

What is the rent for unit 704?

AED 120,000 a year on the contract signed on 1 February 2024. The previous contract, from September 2023, was AED 100,000; the unit has been rented since October 2014.

How big is unit 704?

1,116 sqft (103.7 sqm): a two-bedroom apartment on the 7th floor of a 20-storey tower completed in 2014.

What is unit 704 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 704, Executive Bay A

Starts from the last sale price (AED 1.37M, 20 October 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,368,000
Deposit, UAE resident (20%)
AED 273,600
Deposit, non-resident (40%)
AED 547,200
Monthly over 25 years at 3.7%
AED 5,597

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