Studio · 545 sqftAG Tower Business Bay, Business Bay · 12th floor · completed 2021

1212, AG Tower Business Bay

Sold prices and rental history: sold once, by the developer in March 2017, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1212 · DLD and Ejari recordsUpdated 25 September 2026
Last soldAED 729K20 March 2017
Current rentAED 62K /yr25 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1212, AG Tower Business Bay

What is 1212 worth today?

Last sold for AED 729,416 in 2017

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25 Sep 2026RentedRenewal
AED 62,000/yr12 months · AED 113 per sqft
25 Sep 2025RentedNew contract
AED 62,000/yr12 months · AED 113 per sqft
4 Jan 2025RentedRenewal
AED 49,000/yr6 months · AED 89 per sqft
4 Jan 2024RentedRenewal
AED 45,000/yr12 months · AED 82 per sqft
4 Jan 2023RentedRenewal
AED 45,000/yr12 months · AED 82 per sqft
4 Jan 2022RentedNew contract
AED 42,000/yr12 months · AED 77 per sqft
20 Mar 2017Sold by developerOff-plan
AED 729,416AED 1,337 per sqft

Source: Dubai Land Department. Updated 25 September 2026.

Key facts

Type
Studio apartment
Size
545 sqft
Floor
12th of 27
Parking
P3-50
Developer
Arabian Gulf Properties
Completed
2021
Service charge
AED 6,900 /yr
Last sold
AED 729K · March 2017

About 1212, AG Tower Business Bay

1212 is a studio of 545 sqft on the 12th floor of AG Tower Business Bay, a 27-storey tower in Business Bay completed in 2021 by Arabian Gulf Properties. The developer sold it on 20 March 2017 for AED 729,416, or AED 1,337 per sqft, 8% below the AED 1,461 studios in the building were fetching at the time.

It has been rented continuously since 2022 on 6 Ejari contracts. The current contract, renewed on 25 September 2026, is AED 62,000 a year: a gross yield of 8.5% on the 2017 price, before the service charge of about AED 6,900 a year.

Sales and rents for 1212 over time

Sales
Unit 1212, each saleTypical studio in AG Tower Business Bay
700K800K2016201920222025Typical sale price by year: 2016 AED 764,055; 2017 AED 753,067; 2018 AED 699,676; 2019 AED 805,392; 2020 AED 736,736; 2021 AED 751,210; 2022 AED 655,335; 2023 AED 701,041; 2024 AED 816,102; 2025 AED 830,000; 2026 AED 800,000Sold by developer, March 2017: AED 729,416 (AED 1,337 per sqft)

1212 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1212, each contractTypical studio in AG Tower Business Bay
40K50K60K2021202320252027Typical rent by year: 2021 AED 42,000; 2022 AED 45,000; 2023 AED 55,000; 2024 AED 60,000; 2025 AED 63,000; 2026 AED 60,000New contract, January 2022: AED 42,000 a yearRenewal, January 2023: AED 45,000 a yearRenewal, January 2024: AED 45,000 a yearRenewal, January 2025: AED 49,000 a yearNew contract, September 2025: AED 62,000 a yearRenewal, September 2026: AED 62,000 a year

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

Studios in AG Tower Business Bay, and where 1212 sits

All 312 studios →

1212 last sold in March 2017 at AED 1,337 per sqft, 8% below what studios in AG Tower Business Bay were fetching at the time (AED 1,461). Over the last 12 months studios sold for AED 660,000 to 925,000, around AED 1,586 per sqft, and rent for AED 48,510 to 107,680 a year. 1212's AED 62,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
6 Nov 2026780,000
23 Oct 2026830,000
15 Oct 2026800,000
3 Oct 2026800,000
22 studio sales in the last 12 months

AG Tower Business Bay

Building

576 apartments, studios to 4-bed over 27 floors in Business Bay, completed in 2021 by Arabian Gulf Properties. 41 sold in the last 12 months.

Typical price per sqft
AED 1,428 Down 5.6%
Typical sale
AED 891K
Typical rent
AED 70K /yr
Typical yield
7.3%
AG Tower Business Bay, Business Bay: prices, sales and rents →

Other units on the 12th floor

All 576 units in AG Tower Business Bay
Value
12012-bedAED 2.38M · Aug 2024
12031-bedAED 1.24M · Oct 2016
1204StudioAED 756K · Jan 2017
12051-bedAED 1.28M · Oct 2016
1206StudioAED 700K · Jan 2021
1207StudioAED 644K · Sep 2016
12083-bedAED 2.08M · Jul 2025
1–7 of 23

1212, AG Tower Business Bay in numbers

  • Sold once: by Arabian Gulf Properties on 20 March 2017 for AED 729,416, or AED 1,337 per sqft.
  • Rented since January 2022 on 6 Ejari contracts, from AED 42,000 to AED 62,000 a year.
  • At AED 62,000 a year the gross yield on the 2017 price is 8.5%, before a service charge of about AED 6,900 a year (AED 12.62 per sqft).
  • Studios in AG Tower Business Bay sold for AED 660,000–925,000 in the 12 months to November 2026; the building's median across all types is AED 1,428 per sqft.

Source: Dubai Land Department. Updated 25 September 2026.

Questions about 1212, AG Tower Business Bay

What did unit 1212 last sell for?

AED 729,416 on 20 March 2017, sold by the developer: AED 1,337 per sqft for 545 sqft. It is the only registered sale of the unit.

What is the rent for unit 1212?

AED 62,000 a year on the contract renewed on 25 September 2026. The previous contract, from September 2025, was AED 62,000; the unit has been rented since January 2022.

How big is unit 1212?

545 sqft (50.6 sqm): a studio on the 12th floor of a 27-storey tower completed in 2021.

What is unit 1212 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in AG Tower Business Bay sold for AED 660,000 to 925,000 in the last 12 months, around AED 1,586 per sqft.

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Mortgage on 1212, AG Tower Business Bay

Starts from the last sale price (AED 729K, 20 March 2017). Switch to today's estimate once you have unlocked it.
Price
AED 729,416
Deposit, UAE resident (20%)
AED 145,883
Deposit, non-resident (40%)
AED 291,766
Monthly over 25 years at 3.7%
AED 2,984

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