Studio · 516 sqftAG Tower Business Bay, Business Bay · 8th floor · completed 2021

816, AG Tower Business Bay

Sold prices and rental history: sold once, by the developer in March 2017, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 816 · DLD and Ejari recordsUpdated 1 November 2026
Last soldAED 660K20 March 2017
Current rentAED 55K /yr1 November 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 816, AG Tower Business Bay

What is 816 worth today?

Last sold for AED 660,273 in 2017

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1 Nov 2026RentedNew contract
AED 55,000/yr12 months · AED 109 per sqft
11 Mar 2025RentedRenewal
AED 65,000/yr12 months · AED 126 per sqft
12 Mar 2024RentedRenewal
AED 65,194/yr12 months · AED 126 per sqft
8 Mar 2023RentedNew contract
AED 65,000/yr12 months · AED 126 per sqft
20 Mar 2017Sold by developerOff-plan
AED 660,273AED 1,279 per sqft

Source: Dubai Land Department. Updated 1 November 2026.

Key facts

Type
Studio apartment
Size
516 sqft
Floor
8th of 27
Parking
P2-58
Developer
Arabian Gulf Properties
Completed
2021
Service charge
AED 6,500 /yr
Last sold
AED 660K · March 2017

About 816, AG Tower Business Bay

816 is a studio of 516 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 20 March 2017 for AED 660,273, or AED 1,279 per sqft, 12% below the AED 1,461 studios in the building were fetching at the time.

It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, signed on 1 November 2026, is AED 55,000 a year: a gross yield of 8.3% on the 2017 price, before the service charge of about AED 6,500 a year.

Sales and rents for 816 over time

Sales
Unit 816, 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, March 2017: AED 660,273 (AED 1,279 per sqft)

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

Rents
Unit 816, 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, March 2023: AED 65,000 a yearRenewal, March 2024: AED 65,194 a yearRenewal, March 2025: AED 65,000 a yearNew contract, November 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 816 sits

All 312 studios →

816 last sold in March 2017 at AED 1,279 per sqft, 12% below what studios in AG Tower Business Bay were fetching at the time (AED 1,461). 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. 816's AED 55,000 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 8th floor

All 576 units in AG Tower Business Bay
Value
8012-bedAED 1.91M · Nov 2020
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
1–7 of 23

816, AG Tower Business Bay in numbers

  • Sold once: by Arabian Gulf Properties on 20 March 2017 for AED 660,273, or AED 1,279 per sqft.
  • Rented since March 2023 on 4 Ejari contracts, from AED 65,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2017 price is 8.3%, 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 1 November 2026.

Questions about 816, AG Tower Business Bay

What did unit 816 last sell for?

AED 660,273 on 20 March 2017, sold by the developer: AED 1,279 per sqft for 516 sqft. It is the only registered sale of the unit.

What is the rent for unit 816?

AED 55,000 a year on the contract signed on 1 November 2026. The previous contract, from March 2025, was AED 65,000; the unit has been rented since March 2023.

How big is unit 816?

516 sqft (47.9 sqm): a studio on the 8th floor of a 27-storey tower completed in 2021.

What is unit 816 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 816, AG Tower Business Bay

Starts from the last sale price (AED 660K, 20 March 2017). Switch to today's estimate once you have unlocked it.
Price
AED 660,273
Deposit, UAE resident (20%)
AED 132,055
Deposit, non-resident (40%)
AED 264,109
Monthly over 25 years at 3.7%
AED 2,701

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