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Studio · 516 sqftAG Tower Business Bay, Business Bay · 5th floor · completed 2021

516, AG Tower Business Bay

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

Unit 516 · DLD and Ejari recordsUpdated 20 October 2026
Last soldAED 768K5 October 2016
Current rentAED 56K /yr20 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 516, AG Tower Business Bay

What is 516 worth today?

Last sold for AED 767,555 in 2016

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20 Oct 2026RentedRenewal
AED 55,902/yr12 months · AED 108 per sqft
20 Oct 2025RentedNew contract
AED 50,820/yr12 months · AED 98 per sqft
20 Oct 2022RentedNew contract
AED 40,000/yr12 months · AED 77 per sqft
5 Oct 2016Sold by developerOff-plan
AED 767,555AED 1,487 per sqft

Source: Dubai Land Department. Updated 20 October 2026.

Key facts

Type
Studio apartment
Size
516 sqft
Floor
5th of 27
Parking
B1-27
Developer
Arabian Gulf Properties
Completed
2021
Service charge
AED 6,500 /yr
Last sold
AED 768K · October 2016
Building
AG Tower Business Bay

About 516, AG Tower Business Bay

516 is a studio of 516 sqft on the 5th 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 5 October 2016 for AED 767,555, or AED 1,487 per sqft, in line with the AED 1,481 studios in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 20 October 2026, is AED 55,902 a year: a gross yield of 7.3% on the 2016 price, before the service charge of about AED 6,500 a year.

Sales and rents for 516 over time

Sales
Unit 516, 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 767,555 (AED 1,487 per sqft)

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

Rents
Unit 516, each contractTypical studio in AG Tower Business Bay
40K60K2021202320252027Typical 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 40,000 a yearNew contract, October 2025: AED 50,820 a yearRenewal, October 2026: AED 55,902 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 516 sits

All 312 studios →

516 last sold in October 2016 at AED 1,487 per sqft, in line with what studios in AG Tower Business Bay were fetching at the time (AED 1,481). 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. 516's AED 55,902 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 5th floor

All 576 units in AG Tower Business Bay
Value
5012-bedAED 1.65M · Mar 2023
5031-bedAED 1.31M · Jun 2020
504StudioAED 780K · Mar 2025
5051-bedAED 1.36M · Aug 2020
506StudioAED 731K · Sep 2016
507StudioAED 705K · Oct 2016
5083-bedAED 2.06M · May 2021
1–7 of 23

516, AG Tower Business Bay in numbers

  • Sold once: by Arabian Gulf Properties on 5 October 2016 for AED 767,555, or AED 1,487 per sqft.
  • Rented since October 2022 on 3 Ejari contracts, from AED 40,000 to AED 55,902 a year.
  • At AED 55,902 a year the gross yield on the 2016 price is 7.3%, 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 1,432 per sqft.

Source: Dubai Land Department. Updated 20 October 2026.

Questions about 516, AG Tower Business Bay

What did unit 516 last sell for?

AED 767,555 on 5 October 2016, sold by the developer: AED 1,487 per sqft for 516 sqft. It is the only registered sale of the unit.

What is the rent for unit 516?

AED 55,902 a year on the contract renewed on 20 October 2026. The previous contract, from October 2025, was AED 50,820; the unit has been rented since October 2022.

How big is unit 516?

516 sqft (47.9 sqm): a studio on the 5th floor of a 27-storey tower completed in 2021.

What is unit 516 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 516, AG Tower Business Bay

Starts from the last sale price (AED 768K, 5 October 2016). Switch to today's estimate once you have unlocked it.
Price
AED 767,555
Deposit, UAE resident (20%)
AED 153,511
Deposit, non-resident (40%)
AED 307,022
Monthly over 25 years at 3.7%
AED 3,140

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