2-bed · 1,341 sqftAl Bahia 2, Al Sufouh First · 7th floor

701, Al Bahia 2

Sold prices and rental history: sold twice, last in December 2022, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 701 · DLD and Ejari recordsUpdated 6 December 2022
Last soldAED 1.35M6 December 2022
Current rentAED 70K /yr14 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 701, Al Bahia 2

What is 701 worth today?

Last sold for AED 1,350,000 in 2022

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6 Dec 2022SoldReady
AED 1,350,000AED 1,006 per sqft
14 Feb 2022RentedNew contract
AED 70,000/yr12 months · AED 52 per sqft
15 Feb 2021RentedRenewal
AED 70,000/yr12 months · AED 52 per sqft
15 Feb 2020RentedNew contract
AED 75,000/yr12 months · AED 56 per sqft
1 Dec 2018RentedRenewal
AED 90,000/yr12 months · AED 67 per sqft
1 Dec 2017RentedNew contract
AED 105,000/yr12 months · AED 78 per sqft
1 Oct 2017RentedNew contract
AED 110,000/yr12 months · AED 82 per sqft
3 Feb 2017RentedNew contract
AED 135,000/yr12 months · AED 100 per sqft

Source: Dubai Land Department. Updated 6 December 2022.

Key facts

Type
2-bed apartment
Size
1,341 sqft
Floor
7th of 8
Parking
G-37
Service charge
AED 24,000 /yr
Last sold
AED 1.35M · December 2022
Building
Al Bahia 2

About 701, Al Bahia 2

701 is a two-bedroom apartment of 1,341 sqft on the 7th floor of Al Bahia 2, a 8-storey tower in Al Sufouh First. It last sold on 6 December 2022 for AED 1,350,000, or AED 1,006 per sqft, 14% above the AED 879 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 14 February 2022, is AED 70,000 a year: a gross yield of 5.2% on the 2022 price, before the service charge of about AED 24,000 a year.

Sales and rents for 701 over time

Sales
Unit 701, each saleTypical two-bed in Al Bahia 2
1M1.5M2M20142017202020232026Typical sale price by year: 2014 AED 1,624,725; 2015 AED 2,059,029; 2019 AED 1,100,000; 2021 AED 1,055,000; 2023 AED 1,380,000; 2024 AED 1,650,000; 2025 AED 1,850,000Sold by developer, October 2014: AED 1,529,235 (AED 1,140 per sqft)Sold, December 2022: AED 1,350,000 (AED 1,006 per sqft)

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

Rents
Unit 701, each contractTypical two-bed in Al Bahia 2
100K150K2014201820222026Typical rent by year: 2014 AED 127,477; 2015 AED 125,000; 2016 AED 120,000; 2017 AED 110,000; 2018 AED 90,000; 2019 AED 80,000; 2020 AED 72,000; 2021 AED 65,057; 2022 AED 74,775; 2023 AED 81,400; 2024 AED 131,000; 2025 AED 135,500; 2026 AED 140,782New contract, January 2015: AED 125,000 a yearNew contract, February 2017: AED 135,000 a yearNew contract, October 2017: AED 110,000 a yearNew contract, December 2017: AED 105,000 a yearRenewal, December 2018: AED 90,000 a yearNew contract, February 2020: AED 75,000 a yearRenewal, February 2021: AED 70,000 a yearNew contract, February 2022: AED 70,000 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 Al Bahia 2, and where 701 sits

All 32 2-beds →

701 last sold in December 2022 at AED 1,006 per sqft, 14% above what two-beds in Al Bahia 2 were fetching at the time (AED 879). 701's AED 70,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
13 Aug 20251,850,000
15 Jun 20251,850,000
12 Jun 20252,050,000
6 May 20251,466,214
0 2-bed sales in the last 12 months

Al Bahia 2

Building

48 apartments, 1-bed to 2-bed over 8 floors in Al Sufouh First. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 115K /yr
Typical yield
Al Bahia 2, Al Sufouh First: prices, sales and rents →

Other units on the 7th floor

All 48 units in Al Bahia 2
Value
7021-bedAED 1.05M · Mar 2023
7032-bedAED 1.6M · Feb 2024
7042-bedAED 1.75M · May 2024
7051-bedAED 1.15M · May 2024
7062-bedAED 1.75M · May 2024

701, Al Bahia 2 in numbers

  • Sold twice: first on 9 October 2014 for AED 1,529,235, last on 6 December 2022 for AED 1,350,000 (AED 1,006 per sqft).
  • Rented since January 2015 on 8 Ejari contracts, from AED 125,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2022 price is 5.2%, before a service charge of about AED 24,000 a year (AED 17.88 per sqft).

Source: Dubai Land Department. Updated 6 December 2022.

Questions about 701, Al Bahia 2

What did unit 701 last sell for?

AED 1,350,000 on 6 December 2022: AED 1,006 per sqft for 1,341 sqft. The unit has 2 registered sales; the first was AED 1,529,235 in October 2014.

What is the rent for unit 701?

AED 70,000 a year on the contract signed on 14 February 2022. The previous contract, from February 2021, was AED 70,000; the unit has been rented since January 2015.

How big is unit 701?

1,341 sqft (124.6 sqm): a two-bedroom apartment on the 7th floor of a 8-storey tower.

What is unit 701 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 701, Al Bahia 2

Starts from the last sale price (AED 1.35M, 6 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,350,000
Deposit, UAE resident (20%)
AED 270,000
Deposit, non-resident (40%)
AED 540,000
Monthly over 25 years at 3.7%
AED 5,523

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