1206, Bay Square 1
Sold prices and rental history: sold twice, last in November 2014, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1206, Bay Square 1
What is 1206 worth today?
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Source: Dubai Land Department. Updated 2 January 2024.
Key facts
- Type
- Penthouse apartment
- Size
- 1,355 sqft
- Floor
- 12th of 12
- Parking
- B2-065
- Developer
- Business Bay
- Completed
- 2014
- Service charge
- AED 21,000 /yr
- Last sold
- AED 1.68M · November 2014
- Building
- Bay Square 1
About 1206, Bay Square 1
1206 is a penthouse of 1,355 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 10 November 2014 for AED 1,676,000, or AED 1,236 per sqft, 4% above the AED 1,190 penthouses in the building were fetching at the time.
It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, signed on 2 January 2024, is AED 120,000 a year: a gross yield of 7.2% on the 2014 price, before the service charge of about AED 21,000 a year.
Sales and rents for 1206 over time
1206 has sold twice; the dashed line is the penthouse median of each year in the building.
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 1206 sits
All 10 penthouses →1206 last sold in November 2014 at AED 1,236 per sqft, 4% above what penthouses in Bay Square 1 were fetching at the time (AED 1,190). 1206's AED 120,000 is in the lower half of that range.
| Recent penthouse sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Jun 202513 June 2025 | 1,224 sqft | 1,700,000 | 1,388 | ||
| 18 Apr 202518 April 2025 | 1,563 sqft | 2,000,000 | 1,279 | ||
| 23 Oct 202323 October 2023 | 1,563 sqft | 1,820,000 | 1,164 | ||
| 14 Apr 202314 April 2023 | 1,563 sqft | 1,725,000 | 1,103 |
Bay Square 1
Building11 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
Other units on the 12th floor
All 11 units in Bay Square 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | Penthouse | 1,312 sqft | AED 1.38MAED 1,380,000 · Oct 2022October 2022 | 18,000 /yr | |
| 1202 | Penthouse | 1,584 sqft | AED 1.06MAED 1,058,000 · Jan 2015January 2015 | 99,250 /yr | |
| 1203 | Penthouse | 1,563 sqft | AED 2MAED 2,000,000 · Apr 2025April 2025 | 72,000 /yr | |
| 1204 | Penthouse | 1,563 sqft | AED 1.82MAED 1,820,000 · Oct 2023October 2023 | 105,000 /yr | |
| 1205 | Penthouse | 1,563 sqft | AED 1.73MAED 1,725,000 · Apr 2023April 2023 | 100,000 /yr | |
| 1207 | 1-bed | 1,152 sqft | AED 1.3MAED 1,303,348 · Nov 2014November 2014 | 100,000 /yr | |
| 1208 | Penthouse | 1,142 sqft | AED 950KAED 950,000 · Sep 2015September 2015 | 125,000 /yr | |
| 1209 | Penthouse | 1,224 sqft | AED 880KAED 880,000 · Jul 2020July 2020 | 110,000 /yr | |
| 1210 | Penthouse | 1,224 sqft | AED 1.7MAED 1,700,000 · Jun 2025June 2025 | 120,000 /yr | |
| 1211 | Penthouse | 1,122 sqft | AED 1.41MAED 1,413,000 · Nov 2014November 2014 | 84,765 /yr |
1206, Bay Square 1 in numbers
- Sold twice: first on 16 September 2013 for AED 1,676,000, last on 10 November 2014 for AED 1,676,000 (AED 1,236 per sqft).
- Rented since December 2015 on 7 Ejari contracts. The rent fell from AED 127,000 to AED 90,000 in 2021 and recovered to AED 120,000 by January 2024.
- At AED 120,000 a year the gross yield on the 2014 price is 7.2%, before a service charge of about AED 21,000 a year (AED 15.50 per sqft).
Source: Dubai Land Department. Updated 2 January 2024.
Questions about 1206, Bay Square 1
What did unit 1206 last sell for?
AED 1,676,000 on 10 November 2014: AED 1,236 per sqft for 1,355 sqft. The unit has 2 registered sales; the first was AED 1,676,000 in September 2013.
What is the rent for unit 1206?
AED 120,000 a year on the contract signed on 2 January 2024. The previous contract, from September 2023, was AED 91,998; the unit has been rented since December 2015.
How big is unit 1206?
1,355 sqft (125.9 sqm): a penthouse on the 12th floor of a 12-storey tower completed in 2014.
What is unit 1206 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 1206, Bay Square 1
Starts from the last sale price (AED 1.68M, 10 November 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,676,000
- Deposit, UAE resident (20%)
- AED 335,200
- Deposit, non-resident (40%)
- AED 670,400
- Monthly over 25 years at 3.7%
- AED 6,857
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →