Penthouse · 1,224 sqftBay Square 12, Business Bay · 10th floor · completed 2014

1009, Bay Square 12

Sold prices and rental history: sold 4 times, last in January 2025, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1009 · DLD and Ejari recordsUpdated 28 January 2025
Last soldAED 2.1M28 January 2025
Current rentAED 67K /yr22 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1009, Bay Square 12

What is 1009 worth today?

Last sold for AED 2,100,000 in 2025

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28 Jan 2025SoldReady
AED 2,100,000AED 1,715 per sqft
25 Dec 2023SoldReady
AED 1,331,922AED 1,087 per sqft
22 Jun 2023RentedNew contract
AED 67,021/yr13 months · AED 55 per sqft
22 Jun 2022RentedNew contract
AED 65,000/yr12 months · AED 53 per sqft
1 Apr 2021RentedNew contract
AED 62,000/yr12 months · AED 51 per sqft
1 Jul 2015RentedNew contract
AED 110,000/yr12 months · AED 101 per sqft
29 Oct 2014SoldReady
AED 1,654,625AED 1,524 per sqft
29 Sep 2014Sold by developerReady
AED 1,414,000AED 1,302 per sqft

Source: Dubai Land Department. Updated 28 January 2025.

Key facts

Type
Penthouse apartment
Size
1,224 sqft
Floor
10th of 10
Parking
B2-964
Developer
Business Bay
Completed
2014
Service charge
AED 33,100 /yr
Last sold
AED 2.1M · January 2025

About 1009, Bay Square 12

1009 is a penthouse of 1,224 sqft on the 10th floor of Bay Square 12, a 10-storey tower in Business Bay completed in 2014 by Business Bay. It last sold on 28 January 2025 for AED 2,100,000, or AED 1,715 per sqft.

It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, signed on 22 June 2023, is AED 67,021 a year: a gross yield of 3.2% on the 2025 price, before the service charge of about AED 33,100 a year.

Sales and rents for 1009 over time

Sales
Unit 1009, each saleTypical penthouse in Bay Square 12
1.5M2M2014201720202023Typical sale price by year: 2014 AED 1,654,625; 2023 AED 1,450,000Sold by developer, September 2014: AED 1,414,000 (AED 1,302 per sqft)Sold, October 2014: AED 1,654,625 (AED 1,524 per sqft)Sold, December 2023: AED 1,331,922 (AED 1,087 per sqft)Sold, January 2025: AED 2,100,000 (AED 1,715 per sqft)

1009 has sold 4 times; the dashed line is the penthouse median of each year in the building.

Rents
Unit 1009, each contractTypical penthouse in Bay Square 12
100K20152018202120242027Typical rent by year: 2015 AED 118,750; 2016 AED 120,000; 2018 AED 107,500; 2019 AED 85,000; 2021 AED 70,000; 2022 AED 71,750; 2023 AED 77,000; 2024 AED 104,709; 2025 AED 117,500; 2026 AED 115,000New contract, July 2015: AED 110,000 a yearNew contract, April 2021: AED 62,000 a yearNew contract, June 2022: AED 65,000 a yearNew contract, June 2023: AED 67,021 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 12, and where 1009 sits

All 9 penthouses →

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. 1009's AED 67,021 is at the bottom of that range.

Recent penthouse salesUnit no.Price (AED)Summary
30 Jul 20262,500,000
8 Jan 20242,000,000
26 Oct 20232,050,000
1 Aug 20231,450,000
1 penthouse sale in the last 12 months

Bay Square 12

Building

10 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%
Bay Square 12, Business Bay: prices, sales and rents →

Other units on the 10th floor

All 10 units in Bay Square 12
Value
1001PenthouseAED 1.74M · Oct 2014
1002PenthouseAED 1.46M · Oct 2014
1003PenthouseAED 1.46M · Dec 2013
1004PenthouseAED 2.05M · Oct 2023
1005PenthouseAED 2.5M · Jul 2026
10061-bedAED 1.22M · Mar 2024
1007PenthouseAED 1.45M · Aug 2023
1–7 of 9

1009, Bay Square 12 in numbers

  • Sold 4 times: first on 29 September 2014 for AED 1,414,000, last on 28 January 2025 for AED 2,100,000 (AED 1,715 per sqft).
  • Rented since July 2015 on 4 Ejari contracts, from AED 110,000 to AED 67,021 a year.
  • At AED 67,021 a year the gross yield on the 2025 price is 3.2%, before a service charge of about AED 33,100 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 28 January 2025.

Questions about 1009, Bay Square 12

What did unit 1009 last sell for?

AED 2,100,000 on 28 January 2025: AED 1,715 per sqft for 1,224 sqft. The unit has 4 registered sales; the first was AED 1,414,000 in September 2014.

What is the rent for unit 1009?

AED 67,021 a year on the contract signed on 22 June 2023. The previous contract, from June 2022, was AED 65,000; the unit has been rented since July 2015.

How big is unit 1009?

1,224 sqft (113.7 sqm): a penthouse on the 10th floor of a 10-storey tower completed in 2014.

What is unit 1009 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 1009, Bay Square 12

Starts from the last sale price (AED 2.1M, 28 January 2025). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

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