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2-bed · 1,519 sqftAG Tower Business Bay, Business Bay · 8th floor · completed 2021

801, AG Tower Business Bay

Sold prices and rental history: sold once, by the developer in November 2020, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 801 · DLD and Ejari recordsUpdated 30 June 2024
Last soldAED 1.91M8 November 2020
Current rentAED 115K /yr30 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 801, AG Tower Business Bay

What is 801 worth today?

Last sold for AED 1,911,880 in 2020

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30 Jun 2024RentedNew contract
AED 115,000/yr12 months · AED 76 per sqft
10 Apr 2023RentedRenewal
AED 99,750/yr12 months · AED 66 per sqft
10 Apr 2022RentedNew contract
AED 95,000/yr12 months · AED 63 per sqft
8 Nov 2020Sold by developerOff-plan
AED 1,911,880AED 1,258 per sqft

Source: Dubai Land Department. Updated 30 June 2024.

Key facts

Type
2-bed apartment
Size
1,519 sqft
Floor
8th of 27
Parking
P2-41
Developer
Arabian Gulf Properties
Completed
2021
Service charge
AED 19,200 /yr
Last sold
AED 1.91M · November 2020
Building
AG Tower Business Bay

About 801, AG Tower Business Bay

801 is a two-bedroom apartment of 1,519 sqft on the 8th 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 8 November 2020 for AED 1,911,880, or AED 1,258 per sqft, 8% above the AED 1,165 two-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 30 June 2024, is AED 115,000 a year: a gross yield of 6.0% on the 2020 price, before the service charge of about AED 19,200 a year.

Sales and rents for 801 over time

Sales
Unit 801, each saleTypical two-bed in AG Tower Business Bay
1M2M2017202020232026Typical sale price by year: 2017 AED 2,057,555; 2019 AED 1,700,000; 2020 AED 1,900,000; 2021 AED 1,657,958; 2022 AED 874,691; 2023 AED 1,647,000; 2025 AED 1,850,000; 2026 AED 1,900,000Sold by developer, November 2020: AED 1,911,880 (AED 1,258 per sqft)

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

Rents
Unit 801, each contractTypical two-bed in AG Tower Business Bay
100K202220242026Typical rent by year: 2022 AED 90,000; 2023 AED 98,000; 2024 AED 103,950; 2025 AED 106,500; 2026 AED 111,500New contract, April 2022: AED 95,000 a yearRenewal, April 2023: AED 99,750 a yearNew contract, June 2024: AED 115,000 a year

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

2-beds in AG Tower Business Bay, and where 801 sits

All 48 2-beds →

801 last sold in November 2020 at AED 1,258 per sqft, 8% above what two-beds in AG Tower Business Bay were fetching at the time (AED 1,165). Over the last 12 months two-beds sold for AED 1,870,000 to 1,975,000, around AED 1,251 per sqft, and rent for AED 99,250 to 160,000 a year. 801's AED 115,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
3 Jul 20261,975,000
16 Mar 20261,870,000
5 Jan 20261,900,000
2 Sep 20252,050,000
3 2-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 8th floor

All 576 units in AG Tower Business Bay
Value
8031-bedAED 1.31M · Feb 2020
804StudioAED 737K · May 2017
8051-bedAED 1.23M · May 2017
806StudioAED 680K · Jun 2023
807StudioAED 265K · Jul 2022
8083-bedNo registered sale
8101-bedAED 1.07M · Oct 2023
1–7 of 23

801, AG Tower Business Bay in numbers

  • Sold once: by Arabian Gulf Properties on 8 November 2020 for AED 1,911,880, or AED 1,258 per sqft.
  • Rented since April 2022 on 3 Ejari contracts, from AED 95,000 to AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2020 price is 6.0%, before a service charge of about AED 19,200 a year (AED 12.62 per sqft).
  • Two-beds in AG Tower Business Bay sold for AED 1,870,000–1,975,000 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 30 June 2024.

Questions about 801, AG Tower Business Bay

What did unit 801 last sell for?

AED 1,911,880 on 8 November 2020, sold by the developer: AED 1,258 per sqft for 1,519 sqft. It is the only registered sale of the unit.

What is the rent for unit 801?

AED 115,000 a year on the contract signed on 30 June 2024. The previous contract, from April 2023, was AED 99,750; the unit has been rented since April 2022.

How big is unit 801?

1,519 sqft (141.1 sqm): a two-bedroom apartment on the 8th floor of a 27-storey tower completed in 2021.

What is unit 801 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in AG Tower Business Bay sold for AED 1,870,000 to 1,975,000 in the last 12 months, around AED 1,251 per sqft.

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Mortgage on 801, AG Tower Business Bay

Starts from the last sale price (AED 1.91M, 8 November 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,911,880
Deposit, UAE resident (20%)
AED 382,376
Deposit, non-resident (40%)
AED 764,752
Monthly over 25 years at 3.7%
AED 7,822

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