1-bed · 884 sqftAG Tower Business Bay, Business Bay · 14th floor · completed 2021

1403, AG Tower Business Bay

Sold prices and rental history: sold once, by the developer in September 2016, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1403 · DLD and Ejari recordsUpdated 29 October 2024
Last soldAED 1.26M20 September 2016
Current rentAED 85K /yr29 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1403, AG Tower Business Bay

What is 1403 worth today?

Last sold for AED 1,255,800 in 2016

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29 Oct 2024RentedRenewal
AED 85,000/yr12 months · AED 96 per sqft
29 Oct 2023RentedNew contract
AED 85,000/yr12 months · AED 96 per sqft
15 Oct 2022RentedNew contract
AED 65,000/yr12 months · AED 73 per sqft
20 Sep 2016Sold by developerOff-plan
AED 1,255,800AED 1,419 per sqft

Source: Dubai Land Department. Updated 29 October 2024.

Key facts

Type
1-bed apartment
Size
884 sqft
Floor
14th of 27
Parking
P3-14
Developer
Arabian Gulf Properties
Completed
2021
Service charge
AED 11,200 /yr
Last sold
AED 1.26M · September 2016

About 1403, AG Tower Business Bay

1403 is a one-bedroom apartment of 884 sqft on the 14th 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 September 2016 for AED 1,255,800, or AED 1,419 per sqft, in line with the AED 1,427 one-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 29 October 2024, is AED 85,000 a year: a gross yield of 6.8% on the 2016 price, before the service charge of about AED 11,200 a year.

Sales and rents for 1403 over time

Sales
Unit 1403, each saleTypical one-bed in AG Tower Business Bay
1.2M1.4M2016201920222025Typical sale price by year: 2016 AED 1,268,328; 2017 AED 1,263,555; 2019 AED 1,379,110; 2020 AED 1,291,176; 2021 AED 1,150,000; 2022 AED 1,254,160; 2023 AED 1,160,000; 2024 AED 1,212,500; 2025 AED 1,226,688; 2026 AED 1,200,000Sold by developer, September 2016: AED 1,255,800 (AED 1,419 per sqft)

1403 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1403, each contractTypical one-bed in AG Tower Business Bay
60K80K2021202320252027Typical rent by year: 2021 AED 60,000; 2022 AED 65,000; 2023 AED 75,000; 2024 AED 85,000; 2025 AED 85,000; 2026 AED 80,000New contract, October 2022: AED 65,000 a yearNew contract, October 2023: AED 85,000 a yearRenewal, October 2024: AED 85,000 a year

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

1-beds in AG Tower Business Bay, and where 1403 sits

All 192 1-beds →

1403 last sold in September 2016 at AED 1,419 per sqft, in line with what one-beds in AG Tower Business Bay were fetching at the time (AED 1,427). Over the last 12 months one-beds sold for AED 1,000,000 to 2,050,000, around AED 1,317 per sqft, and rent for AED 68,000 to 120,000 a year. 1403's AED 85,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
25 Sep 20261,220,000
25 Sep 20261,100,000
24 Sep 20261,400,000
16 Sep 20261,100,000
11 1-bed 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. 39 sold in the last 12 months.

Typical price per sqft
AED 1,432 Down 5.3%
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 14th floor

All 576 units in AG Tower Business Bay
Value
14012-bedAED 1.91M · Apr 2021
1404StudioAED 688K · Nov 2020
14051-bedAED 1.3M · Sep 2016
1406StudioAED 668K · Oct 2016
1407StudioAED 830K · Mar 2025
14083-bedNo registered sale
14101-bedAED 1.22M · Jun 2022
1–7 of 23

1403, AG Tower Business Bay in numbers

  • Sold once: by Arabian Gulf Properties on 20 September 2016 for AED 1,255,800, or AED 1,419 per sqft.
  • Rented since October 2022 on 3 Ejari contracts, from AED 65,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2016 price is 6.8%, before a service charge of about AED 11,200 a year (AED 12.62 per sqft).
  • One-beds in AG Tower Business Bay sold for AED 1,000,000–2,050,000 in the 12 months to November 2026; the building's median across all types is AED 1,432 per sqft.

Source: Dubai Land Department. Updated 29 October 2024.

Questions about 1403, AG Tower Business Bay

What did unit 1403 last sell for?

AED 1,255,800 on 20 September 2016, sold by the developer: AED 1,419 per sqft for 884 sqft. It is the only registered sale of the unit.

What is the rent for unit 1403?

AED 85,000 a year on the contract renewed on 29 October 2024. The previous contract, from October 2023, was AED 85,000; the unit has been rented since October 2022.

How big is unit 1403?

884 sqft (82.1 sqm): a one-bedroom apartment on the 14th floor of a 27-storey tower completed in 2021.

What is unit 1403 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in AG Tower Business Bay sold for AED 1,000,000 to 2,050,000 in the last 12 months, around AED 1,317 per sqft.

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Mortgage on 1403, AG Tower Business Bay

Starts from the last sale price (AED 1.26M, 20 September 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,255,800
Deposit, UAE resident (20%)
AED 251,160
Deposit, non-resident (40%)
AED 502,320
Monthly over 25 years at 3.7%
AED 5,138

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