Studio · 545 sqftAG Tower Business Bay, Business Bay · 16th floor · completed 2021

1612, AG Tower Business Bay

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold once, by the developer in April 2017, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1612 · DLD and Ejari recordsUpdated 4 August 2026

Last soldAED 735K4 April 2017

Current rentAED 55K /yr4 August 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1612, AG Tower Business Bay

Today

What is 1612 worth today?

Last sold for AED 734,859 in 2017

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4 Aug 2026

4 Aug 2026RentedNew contract

AED 55,000/yr12 months · AED 100 per sqft

4 Jul 2025

4 Jul 2025RentedNew contract

AED 60,000/yr12 months · AED 110 per sqft

4 Jul 2025

4 Jul 2025RentedNew contract

AED 60,000/yr12 months · AED 110 per sqft

7 May 2025

7 May 2025RentedNew contract

AED 63,000/yr12 months · AED 115 per sqft

15 Jan 2024

15 Jan 2024RentedNew contract

AED 59,000/yr12 months · AED 107 per sqft

12 Sep 2022

12 Sep 2022RentedNew contract

AED 42,000/yr12 months · AED 77 per sqft

14 Oct 2021

14 Oct 2021RentedNew contract

AED 40,000/yr12 months · AED 73 per sqft

4 Apr 2017

4 Apr 2017Sold by developerOff-plan

AED 734,859AED 1,347 per sqft

Source: Dubai Land Department. Updated 4 August 2026.

Key facts

Type: Studio apartment
Size: 545 sqft
Floor: 16th of 27
Parking: P3-111
Developer: Arabian Gulf Properties
Completed: 2021
Service charge: AED 6,900 /yr
Last sold: AED 735K · April 2017
Building: AG Tower Business Bay

About 1612, AG Tower Business Bay

1612 is a studio of 545 sqft on the 16th 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 4 April 2017 for AED 734,859, or AED 1,347 per sqft, 8% below the AED 1,460 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 7 Ejari contracts. The current contract, signed on 4 August 2026, is AED 55,000 a year: a gross yield of 7.5% on the 2017 price, before the service charge of about AED 6,900 a year.

Sales and rents for 1612 over time

Sales

Unit 1612, each saleTypical studio in AG Tower Business Bay

1612 has sold once; the dashed line is the studio median of each year in the building.

Rents

Unit 1612, each contractTypical studio in AG Tower Business Bay

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 1612 sits

All 312 studios →

Studios in AG Tower Business Bay · last 12 months1,600 /sqft AG Tower Business Bay · all types1,432 /sqft

1612 last sold in April 2017 at AED 1,347 per sqft, 8% below what studios in AG Tower Business Bay were fetching at the time (AED 1,460). Over the last 12 months studios sold for AED 660,000 to 925,000, around AED 1,600 per sqft, and rent for AED 48,510 to 107,680 a year. 1612's AED 55,000 is in the lower half of that range.

Recent studio sales	Size	Price (AED)	Per sqft
23 Oct 202623 October 2026	529 sqft	830,000	1,567
15 Oct 202615 October 2026	524 sqft	800,000	1,527
3 Oct 20263 October 2026	446 sqft	800,000	1,795
23 Sep 202623 September 2026	472 sqft	755,552	1,600

21 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. 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 16th floor

All 576 units in AG Tower Business Bay


1601	2-bed	1,519 sqft	AED 1.96MAED 1,960,000 · Jan 2021January 2021
1603	1-bed	884 sqft	AED 1.31MAED 1,307,382 · Feb 2020February 2020
1604	Studio	524 sqft	AED 800KAED 800,000 · Sep 2023September 2023
1605	1-bed	896 sqft	AED 1.29MAED 1,292,555 · Jul 2017July 2017	76,002 /yr
1606	Studio	472 sqft	AED 756KAED 755,552 · Sep 2026September 2026
1607	Studio	469 sqft	AED 880KAED 880,000 · Sep 2025September 2025	70,000 /yr
1608	3-bed	2,075 sqft	No registered sale	108,000 /yr
1610	1-bed	867 sqft	AED 1.28MAED 1,276,406 · Feb 2020February 2020
1613	1-bed	917 sqft	AED 1.39MAED 1,389,034 · Feb 2020February 2020
1614	Studio	567 sqft	AED 900KAED 900,000 · Jan 2024January 2024	63,000 /yr
1615	Studio	555 sqft	AED 815KAED 815,000 · Mar 2024March 2024	72,000 /yr
1616	Studio	516 sqft	AED 782KAED 781,555 · Oct 2016October 2016	55,000 /yr
1617	Studio	546 sqft	AED 764KAED 764,330 · Apr 2017April 2017	54,000 /yr
1618	Studio	567 sqft	AED 885KAED 885,486 · Feb 2020February 2020
1619	1-bed	1,191 sqft	No registered sale	85,000 /yr
1602A	2-bed	1,500 sqft	AED 1.51MAED 1,514,490 · May 2021May 2021	100,000 /yr
1602B	Studio	443 sqft	AED 805KAED 805,392 · Oct 2019October 2019
1609A	1-bed	821 sqft	AED 471KAED 471,368 · Jul 2022July 2022	85,000 /yr
1609B	Studio	488 sqft	AED 680KAED 680,000 · Jan 2023January 2023	70,000 /yr
1611A	Studio	529 sqft	AED 750KAED 750,000 · Jul 2022July 2022	62,000 /yr
1611B	1-bed	823 sqft	AED 1.15MAED 1,152,468 · Mar 2021March 2021	65,000 /yr
1620A	Studio	446 sqft	AED 635KAED 635,000 · Jan 2023January 2023	60,000 /yr
1620B	1-bed	918 sqft	AED 1.24MAED 1,243,985 · Jun 2022June 2022

1–7 of 23

1612, AG Tower Business Bay in numbers

Sold once: by Arabian Gulf Properties on 4 April 2017 for AED 734,859, or AED 1,347 per sqft.
Rented since October 2021 on 7 Ejari contracts, from AED 40,000 to AED 55,000 a year.
At AED 55,000 a year the gross yield on the 2017 price is 7.5%, 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 1,432 per sqft.

Source: Dubai Land Department. Updated 4 August 2026.

Questions about 1612, AG Tower Business Bay

What did unit 1612 last sell for?

AED 734,859 on 4 April 2017, sold by the developer: AED 1,347 per sqft for 545 sqft. It is the only registered sale of the unit.

What is the rent for unit 1612?

AED 55,000 a year on the contract signed on 4 August 2026. The previous contract, from July 2025, was AED 60,000; the unit has been rented since October 2021.

How big is unit 1612?

545 sqft (50.6 sqm): a studio on the 16th floor of a 27-storey tower completed in 2021.

What is unit 1612 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 1,600 per sqft.

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Mortgage on 1612, AG Tower Business Bay

Starts from the last sale price (AED 735K, 4 April 2017). Switch to today's estimate once you have unlocked it.

Price: AED 734,859
Deposit, UAE resident (20%): AED 146,972
Deposit, non-resident (40%): AED 293,944
Monthly over 25 years at 3.7%: AED 3,007

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