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Penthouse · 1,563 sqftBay Square 1, Business Bay · 12th floor · completed 2014

1204, Bay Square 1

Sold prices and rental history: sold twice, last in October 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1204 · DLD and Ejari recordsUpdated 23 October 2023
Last soldAED 1.82M23 October 2023
Current rentAED 105K /yr15 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1204, Bay Square 1

What is 1204 worth today?

Last sold for AED 1,820,000 in 2023

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23 Oct 2023SoldReady
AED 1,820,000AED 1,164 per sqft
15 Sep 2023RentedRenewal
AED 105,000/yr12 months · AED 67 per sqft
15 Sep 2022RentedRenewal
AED 85,000/yr12 months · AED 54 per sqft
15 Sep 2021RentedNew contract
AED 85,000/yr12 months · AED 54 per sqft
16 Dec 2020Sold by developerReady
AED 1,100,000AED 703 per sqft
14 Apr 2019RentedNew contract
AED 90,000/yr12 months · AED 58 per sqft

Source: Dubai Land Department. Updated 23 October 2023.

Key facts

Type
Penthouse apartment
Size
1,563 sqft
Floor
12th of 12
Parking
B2-063
Developer
Business Bay
Completed
2014
Service charge
AED 24,200 /yr
Last sold
AED 1.82M · October 2023
Building
Bay Square 1

About 1204, Bay Square 1

1204 is a penthouse of 1,563 sqft on the 12th floor of Bay Square 1, a 12-storey tower in Business Bay completed in 2014 by Business Bay. It last sold on 23 October 2023 for AED 1,820,000, or AED 1,164 per sqft, 6% above the AED 1,103 penthouses in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 15 September 2023, is AED 105,000 a year: a gross yield of 5.8% on the 2023 price, before the service charge of about AED 24,200 a year.

Sales and rents for 1204 over time

Sales
Unit 1204, each saleTypical penthouse in Bay Square 1
1M2M2011201520192023Typical sale price by year: 2011 AED 2,561,500; 2014 AED 1,400,000; 2015 AED 1,058,000Sold by developer, December 2020: AED 1,100,000 (AED 703 per sqft)Sold, October 2023: AED 1,820,000 (AED 1,164 per sqft)

1204 has sold twice; the dashed line is the penthouse median of each year in the building.

Rents
Unit 1204, each contractTypical penthouse in Bay Square 1
100K150K2017202020232026Typical rent by year: 2017 AED 110,000; 2018 AED 120,000; 2019 AED 95,000; 2020 AED 77,000; 2021 AED 85,000; 2022 AED 90,000; 2023 AED 102,125; 2024 AED 109,351; 2025 AED 150,000; 2026 AED 115,000New contract, April 2019: AED 90,000 a yearNew contract, September 2021: AED 85,000 a yearRenewal, September 2022: AED 85,000 a yearRenewal, September 2023: AED 105,000 a year

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

Penthouses in Bay Square 1, and where 1204 sits

All 10 penthouses →

1204 last sold in October 2023 at AED 1,164 per sqft, 6% above what penthouses in Bay Square 1 were fetching at the time (AED 1,103). 1204's AED 105,000 is in the lower half of that range.

Recent penthouse salesUnit no.Price (AED)Summary
13 Jun 20251,700,000
18 Apr 20252,000,000
14 Apr 20231,725,000
28 Oct 20221,380,000
0 penthouse sales in the last 12 months

Bay Square 1

Building

11 apartments, 1-bed over 12 floors in Business Bay, completed in 2014 by Business Bay. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 110K /yr
Typical yield
Bay Square 1, Business Bay: prices, sales and rents →

Other units on the 12th floor

All 11 units in Bay Square 1
Value
1201PenthouseAED 1.38M · Oct 2022
1202PenthouseAED 1.06M · Jan 2015
1203PenthouseAED 2M · Apr 2025
1205PenthouseAED 1.73M · Apr 2023
1206PenthouseAED 1.68M · Nov 2014
12071-bedAED 1.3M · Nov 2014
1208PenthouseAED 950K · Sep 2015
1–7 of 10

1204, Bay Square 1 in numbers

  • Sold twice: first on 16 December 2020 for AED 1,100,000, last on 23 October 2023 for AED 1,820,000 (AED 1,164 per sqft).
  • Rented since April 2019 on 4 Ejari contracts, from AED 90,000 to AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2023 price is 5.8%, before a service charge of about AED 24,200 a year (AED 15.50 per sqft).

Source: Dubai Land Department. Updated 23 October 2023.

Questions about 1204, Bay Square 1

What did unit 1204 last sell for?

AED 1,820,000 on 23 October 2023: AED 1,164 per sqft for 1,563 sqft. The unit has 2 registered sales; the first was AED 1,100,000 in December 2020.

What is the rent for unit 1204?

AED 105,000 a year on the contract renewed on 15 September 2023. The previous contract, from September 2022, was AED 85,000; the unit has been rented since April 2019.

How big is unit 1204?

1,563 sqft (145.2 sqm): a penthouse on the 12th floor of a 12-storey tower completed in 2014.

What is unit 1204 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 1204, Bay Square 1

Starts from the last sale price (AED 1.82M, 23 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,820,000
Deposit, UAE resident (20%)
AED 364,000
Deposit, non-resident (40%)
AED 728,000
Monthly over 25 years at 3.7%
AED 7,446

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