Studio · 692 sqftBay Square 10, Business Bay · 6th floor · completed 2014

602, Bay Square 10

Sold prices and rental history: sold 4 times, last in March 2024, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 602 · DLD and Ejari recordsUpdated 21 March 2024
Last soldAED 800K21 March 2024
Current rentAED 85K /yr6 February 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 602, Bay Square 10

What is 602 worth today?

Last sold for AED 800,000 in 2024

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21 Mar 2024SoldReady
AED 800,000AED 1,156 per sqft
22 Jun 2023SoldReady
AED 935,000AED 1,351 per sqft
6 Feb 2017RentedNew contract
AED 85,000/yr12 months · AED 123 per sqft
7 Feb 2016RentedRenewal
AED 85,000/yr12 months · AED 123 per sqft
7 Jun 2015SoldReady
AED 1,100,000AED 1,590 per sqft
7 Feb 2015RentedNew contract
AED 85,000/yr12 months · AED 123 per sqft
16 Nov 2014Sold by developerReady
AED 834,000AED 1,263 per sqft

Source: Dubai Land Department. Updated 21 March 2024.

Key facts

Type
Studio apartment
Size
692 sqft
Floor
6th of 7
Parking
B2-878
Developer
Business Bay
Completed
2014
Service charge
AED 16,600 /yr
Last sold
AED 800K · March 2024

About 602, Bay Square 10

602 is a studio of 692 sqft on the 6th floor of Bay Square 10, a 7-storey tower in Business Bay completed in 2014 by Business Bay. It last sold on 21 March 2024 for AED 800,000, or AED 1,156 per sqft, 14% below the AED 1,351 studios in the building were fetching at the time.

It has been rented since 2015 on 3 Ejari contracts. The current contract, signed on 6 February 2017, is AED 85,000 a year: a gross yield of 10.6% on the 2024 price, before the service charge of about AED 16,600 a year.

Sales and rents for 602 over time

Sales
Unit 602, each saleTypical studio in Bay Square 10
800K1M2014201720202023Typical sale price by year: 2014 AED 787,000; 2015 AED 1,040,000; 2016 AED 930,000; 2024 AED 850,000Sold by developer, November 2014: AED 834,000 (AED 1,263 per sqft)Sold, June 2015: AED 1,100,000 (AED 1,590 per sqft)Sold, June 2023: AED 935,000 (AED 1,351 per sqft)Sold, March 2024: AED 800,000 (AED 1,156 per sqft)

602 has sold 4 times; the dashed line is the studio median of each year in the building.

Rents
Unit 602, each contractTypical studio in Bay Square 10
40K60K80K2014201820222026Typical rent by year: 2014 AED 80,000; 2015 AED 80,000; 2016 AED 80,000; 2017 AED 74,000; 2018 AED 70,500; 2019 AED 57,000; 2020 AED 48,000; 2021 AED 46,500; 2022 AED 54,000; 2023 AED 62,750; 2024 AED 80,500; 2025 AED 85,000; 2026 AED 73,500New contract, February 2015: AED 85,000 a yearRenewal, February 2016: AED 85,000 a yearNew contract, February 2017: AED 85,000 a year

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

Studios in Bay Square 10, and where 602 sits

All 16 studios →

602 last sold in March 2024 at AED 1,156 per sqft, 14% below what studios in Bay Square 10 were fetching at the time (AED 1,351). Over the last 12 months studios sold for AED 810,000, around AED 1,437 per sqft, and rent for AED 60,637 to 90,000 a year. 602's AED 85,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
23 Oct 2026810,000
27 Oct 2025700,000
15 Sep 20251,130,000
4 Oct 2024850,000
1 studio sale in the last 12 months

Bay Square 10

Building

17 apartments, studios to 1-bed over 7 floors in Business Bay, completed in 2014 by Business Bay. 1 sold in the last 12 months.

Typical price per sqft
AED 1,437
Typical sale
AED 810K
Typical rent
AED 84K /yr
Typical yield
8.0%
Bay Square 10, Business Bay: prices, sales and rents →

Other units on the 6th floor

All 17 units in Bay Square 10
Value
601StudioAED 1.05M · Nov 2016
603StudioAED 710K · Feb 2022
604StudioAED 1M · May 2024
6051-bedAED 1.33M · Aug 2016
606StudioAED 480K · Jun 2017
607StudioAED 1.02M · Jun 2015
608StudioAED 1.06M · Sep 2015
1–7 of 8

602, Bay Square 10 in numbers

  • Sold 4 times: first on 16 November 2014 for AED 834,000, last on 21 March 2024 for AED 800,000 (AED 1,156 per sqft).
  • Rented since February 2015 on 3 Ejari contracts, at AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2024 price is 10.6%, before a service charge of about AED 16,600 a year (AED 24.00 per sqft).
  • Studios in Bay Square 10 sold for AED 810,000–810,000 in the 12 months to November 2026; the building's median across all types is AED 1,437 per sqft.

Source: Dubai Land Department. Updated 21 March 2024.

Questions about 602, Bay Square 10

What did unit 602 last sell for?

AED 800,000 on 21 March 2024: AED 1,156 per sqft for 692 sqft. The unit has 4 registered sales; the first was AED 834,000 in November 2014.

What is the rent for unit 602?

AED 85,000 a year on the contract signed on 6 February 2017. The previous contract, from February 2016, was AED 85,000; the unit has been rented since February 2015.

How big is unit 602?

692 sqft (64.3 sqm): a studio on the 6th floor of a 7-storey tower completed in 2014.

What is unit 602 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Bay Square 10 sold for AED 810,000 to 810,000 in the last 12 months, around AED 1,437 per sqft.

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Mortgage on 602, Bay Square 10

Starts from the last sale price (AED 800K, 21 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 800,000
Deposit, UAE resident (20%)
AED 160,000
Deposit, non-resident (40%)
AED 320,000
Monthly over 25 years at 3.7%
AED 3,273

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