1001, Bay Square 12
Sold prices and rental history: sold once, by the developer in October 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 1001, Bay Square 12
What is 1001 worth today?
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Source: Dubai Land Department. Updated 13 July 2026.
Key facts
- Type
- Penthouse apartment
- Size
- 1,424 sqft
- Floor
- 10th of 10
- Parking
- B2-956
- Developer
- Business Bay
- Completed
- 2014
- Service charge
- AED 38,400 /yr
- Last sold
- AED 1.74M · October 2014
- Building
- Bay Square 12
About 1001, Bay Square 12
1001 is a penthouse of 1,424 sqft on the 10th floor of Bay Square 12, a 10-storey tower in Business Bay completed in 2014 by Business Bay. The developer sold it on 27 October 2014 for AED 1,738,000, or AED 1,220 per sqft, 6% below the AED 1,301 penthouses in the building were fetching at the time.
It has been rented continuously since 2015 on 12 Ejari contracts. The current contract, signed on 13 July 2026, is AED 115,000 a year: a gross yield of 6.6% on the 2014 price, before the service charge of about AED 38,400 a year.
Sales and rents for 1001 over time
1001 has sold once; 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 12, and where 1001 sits
All 9 penthouses →1001 last sold in October 2014 at AED 1,220 per sqft, 6% below what penthouses in Bay Square 12 were fetching at the time (AED 1,301). Over the last 12 months penthouses sold for AED 2,500,000, around AED 1,572 per sqft, and rent for AED 110,000 to 120,000 a year. 1001's AED 115,000 is in the upper half of that range.
| Recent penthouse sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 30 Jul 202630 July 2026 | 1,590 sqft | 2,500,000 | 1,572 | ||
| 28 Jan 202528 January 2025 | 1,224 sqft | 2,100,000 | 1,715 | ||
| 8 Jan 20248 January 2024 | 1,590 sqft | 2,000,000 | 1,258 | ||
| 25 Dec 202325 December 2023 | 1,224 sqft | 1,331,922 | 1,087 |
Bay Square 12
Building10 apartments, 1-bed over 10 floors in Business Bay, completed in 2014 by Business Bay. 1 sold in the last 12 months.
- Typical price per sqft
- AED 1,572
- Typical sale
- AED 2.5M
- Typical rent
- AED 115K /yr
- Typical yield
- 5.4%
Other units on the 10th floor
All 10 units in Bay Square 12| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1002 | Penthouse | 1,346 sqft | AED 1.46MAED 1,456,000 · Oct 2014October 2014 | 120,000 /yr | |
| 1003 | Penthouse | 1,561 sqft | AED 1.46MAED 1,456,000 · Dec 2013December 2013 | 120,000 /yr | |
| 1004 | Penthouse | 1,561 sqft | AED 2.05MAED 2,050,000 · Oct 2023October 2023 | ||
| 1005 | Penthouse | 1,590 sqft | AED 2.5MAED 2,500,000 · Jul 2026July 2026 | 120,000 /yr | |
| 1006 | 1-bed | 1,180 sqft | AED 1.22MAED 1,220,000 · Mar 2024March 2024 | 105,000 /yr | |
| 1007 | Penthouse | 1,300 sqft | AED 1.45MAED 1,450,000 · Aug 2023August 2023 | 115,000 /yr | |
| 1008 | Penthouse | 1,222 sqft | AED 1.73MAED 1,730,000 · May 2015May 2015 | 110,000 /yr | |
| 1009 | Penthouse | 1,224 sqft | AED 2.1MAED 2,100,000 · Jan 2025January 2025 | 67,021 /yr | |
| 1010 | Penthouse | 1,085 sqft | AED 1.7MAED 1,700,000 · May 2014May 2014 |
1001, Bay Square 12 in numbers
- Sold once: by Business Bay on 27 October 2014 for AED 1,738,000, or AED 1,220 per sqft.
- Rented since December 2015 on 12 Ejari contracts. The rent fell from AED 115,000 to AED 70,000 in 2022 and recovered to AED 115,000 by July 2026.
- At AED 115,000 a year the gross yield on the 2014 price is 6.6%, before a service charge of about AED 38,400 a year (AED 27.00 per sqft).
- Penthouses in Bay Square 12 sold for AED 2,500,000–2,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,572 per sqft.
Source: Dubai Land Department. Updated 13 July 2026.
Questions about 1001, Bay Square 12
What did unit 1001 last sell for?
AED 1,738,000 on 27 October 2014, sold by the developer: AED 1,220 per sqft for 1,424 sqft. It is the only registered sale of the unit.
What is the rent for unit 1001?
AED 115,000 a year on the contract signed on 13 July 2026. The previous contract, from March 2025, was AED 130,000; the unit has been rented since December 2015.
How big is unit 1001?
1,424 sqft (132.3 sqm): a penthouse on the 10th floor of a 10-storey tower completed in 2014.
What is unit 1001 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Penthouses in Bay Square 12 sold for AED 2,500,000 to 2,500,000 in the last 12 months, around AED 1,572 per sqft.
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Mortgage on 1001, Bay Square 12
Starts from the last sale price (AED 1.74M, 27 October 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,738,000
- Deposit, UAE resident (20%)
- AED 347,600
- Deposit, non-resident (40%)
- AED 695,200
- Monthly over 25 years at 3.7%
- AED 7,111
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →