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Studio · 524 sqftAG Tower Business Bay, Business Bay · 17th floor · completed 2021

1704, AG Tower Business Bay

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

Unit 1704 · DLD and Ejari recordsUpdated 1 October 2024
Last soldAED 780K15 December 2022
Current rentAED 51K /yr1 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1704, AG Tower Business Bay

What is 1704 worth today?

Last sold for AED 780,000 in 2022

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1 Oct 2024RentedRenewal
AED 50,820/yr12 months · AED 96 per sqft
1 Oct 2023RentedRenewal
AED 48,400/yr12 months · AED 92 per sqft
15 Dec 2022Sold by developerReady
AED 780,000AED 1,488 per sqft
1 Oct 2022RentedNew contract
AED 44,000/yr12 months · AED 83 per sqft

Source: Dubai Land Department. Updated 1 October 2024.

Key facts

Type
Studio apartment
Size
524 sqft
Floor
17th of 27
Parking
P3-125
Developer
Arabian Gulf Properties
Completed
2021
Service charge
AED 6,600 /yr
Last sold
AED 780K · December 2022
Building
AG Tower Business Bay

About 1704, AG Tower Business Bay

1704 is a studio of 524 sqft on the 17th 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 15 December 2022 for AED 780,000, or AED 1,488 per sqft, 19% above the AED 1,247 studios in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 1 October 2024, is AED 50,820 a year: a gross yield of 6.5% on the 2022 price, before the service charge of about AED 6,600 a year.

Sales and rents for 1704 over time

Sales
Unit 1704, 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, December 2022: AED 780,000 (AED 1,488 per sqft)

1704 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1704, 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, October 2022: AED 44,000 a yearRenewal, October 2023: AED 48,400 a yearRenewal, October 2024: AED 50,820 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 1704 sits

All 312 studios →

1704 last sold in December 2022 at AED 1,488 per sqft, 19% above what studios in AG Tower Business Bay were fetching at the time (AED 1,247). 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. 1704's AED 50,820 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
23 Oct 2026830,000
15 Oct 2026800,000
3 Oct 2026800,000
23 Sep 2026755,552
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 17th floor

All 576 units in AG Tower Business Bay
Value
17012-bedAED 2.04M · Feb 2017
17031-bedAED 1.25M · Mar 2017
17051-bedAED 1.3M · Apr 2017
1706StudioAED 738K · Oct 2020
1707StudioAED 715K · May 2023
17083-bedNo registered sale
17101-bedAED 1.28M · Aug 2020
1–7 of 23

1704, AG Tower Business Bay in numbers

  • Sold once: by Arabian Gulf Properties on 15 December 2022 for AED 780,000, or AED 1,488 per sqft.
  • Rented since October 2022 on 3 Ejari contracts, from AED 44,000 to AED 50,820 a year.
  • At AED 50,820 a year the gross yield on the 2022 price is 6.5%, before a service charge of about AED 6,600 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 1 October 2024.

Questions about 1704, AG Tower Business Bay

What did unit 1704 last sell for?

AED 780,000 on 15 December 2022, sold by the developer: AED 1,488 per sqft for 524 sqft. It is the only registered sale of the unit.

What is the rent for unit 1704?

AED 50,820 a year on the contract renewed on 1 October 2024. The previous contract, from October 2023, was AED 48,400; the unit has been rented since October 2022.

How big is unit 1704?

524 sqft (48.7 sqm): a studio on the 17th floor of a 27-storey tower completed in 2021.

What is unit 1704 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 1704, AG Tower Business Bay

Starts from the last sale price (AED 780K, 15 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 780,000
Deposit, UAE resident (20%)
AED 156,000
Deposit, non-resident (40%)
AED 312,000
Monthly over 25 years at 3.7%
AED 3,191

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