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Studio · 516 sqftAG Tower Business Bay, Business Bay · 16th floor · completed 2021

1616, AG Tower Business Bay

Sold prices and rental history: sold once, by the developer in October 2016, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1616 · DLD and Ejari recordsUpdated 1 June 2026
Last soldAED 782K12 October 2016
Current rentAED 55K /yr1 June 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1616, AG Tower Business Bay

What is 1616 worth today?

Last sold for AED 781,555 in 2016

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1 Jun 2026RentedNew contract
AED 55,000/yr12 months · AED 106 per sqft
5 Sep 2025RentedNew contract
AED 60,000/yr12 months · AED 116 per sqft
17 Jun 2024RentedNew contract
AED 60,000/yr12 months · AED 116 per sqft
12 Oct 2016Sold by developerOff-plan
AED 781,555AED 1,514 per sqft

Source: Dubai Land Department. Updated 1 June 2026.

Key facts

Type
Studio apartment
Size
516 sqft
Floor
16th of 27
Parking
P3-115
Developer
Arabian Gulf Properties
Completed
2021
Service charge
AED 6,500 /yr
Last sold
AED 782K · October 2016
Building
AG Tower Business Bay

About 1616, AG Tower Business Bay

1616 is a studio of 516 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 12 October 2016 for AED 781,555, or AED 1,514 per sqft, in line with the AED 1,480 studios in the building were fetching at the time.

It has been rented since 2024 on 3 Ejari contracts. The current contract, signed on 1 June 2026, is AED 55,000 a year: a gross yield of 7.0% on the 2016 price, before the service charge of about AED 6,500 a year.

Sales and rents for 1616 over time

Sales
Unit 1616, 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, October 2016: AED 781,555 (AED 1,514 per sqft)

1616 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1616, 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, June 2024: AED 60,000 a yearNew contract, September 2025: AED 60,000 a yearNew contract, June 2026: AED 55,000 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 1616 sits

All 312 studios →

1616 last sold in October 2016 at AED 1,514 per sqft, in line with what studios in AG Tower Business Bay were fetching at the time (AED 1,480). 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. 1616's AED 55,000 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 16th floor

All 576 units in AG Tower Business Bay
Value
16012-bedAED 1.96M · Jan 2021
16031-bedAED 1.31M · Feb 2020
1604StudioAED 800K · Sep 2023
16051-bedAED 1.29M · Jul 2017
1606StudioAED 756K · Sep 2026
1607StudioAED 880K · Sep 2025
16083-bedNo registered sale
1–7 of 23

1616, AG Tower Business Bay in numbers

  • Sold once: by Arabian Gulf Properties on 12 October 2016 for AED 781,555, or AED 1,514 per sqft.
  • Rented since June 2024 on 3 Ejari contracts, from AED 60,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2016 price is 7.0%, before a service charge of about AED 6,500 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 1 June 2026.

Questions about 1616, AG Tower Business Bay

What did unit 1616 last sell for?

AED 781,555 on 12 October 2016, sold by the developer: AED 1,514 per sqft for 516 sqft. It is the only registered sale of the unit.

What is the rent for unit 1616?

AED 55,000 a year on the contract signed on 1 June 2026. The previous contract, from September 2025, was AED 60,000; the unit has been rented since June 2024.

How big is unit 1616?

516 sqft (47.9 sqm): a studio on the 16th floor of a 27-storey tower completed in 2021.

What is unit 1616 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 1616, AG Tower Business Bay

Starts from the last sale price (AED 782K, 12 October 2016). Switch to today's estimate once you have unlocked it.
Price
AED 781,555
Deposit, UAE resident (20%)
AED 156,311
Deposit, non-resident (40%)
AED 312,622
Monthly over 25 years at 3.7%
AED 3,198

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