1008, Bay Square 2
Sold prices and rental history: sold 3 times, last in June 2020, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1008, Bay Square 2
What is 1008 worth today?
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Source: Dubai Land Department. Updated 29 June 2020.
Key facts
- Type
- Studio apartment
- Size
- 563 sqft
- Floor
- 10th of 10
- Parking
- B2-122
- Developer
- Business Bay
- Completed
- 2014
- Service charge
- AED 15,200 /yr
- Last sold
- AED 525K · June 2020
- Building
- Bay Square 2
About 1008, Bay Square 2
1008 is a studio of 563 sqft on the 10th floor of Bay Square 2, a 10-storey tower in Business Bay completed in 2014 by Business Bay. It last sold on 29 June 2020 for AED 525,000, or AED 931 per sqft.
It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, signed on 20 November 2019, is AED 50,000 a year: a gross yield of 9.5% on the 2020 price, before the service charge of about AED 15,200 a year.
Studios in Bay Square 2, and where 1008 sits
All 2 studios →| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 1 Mar 20151 March 2015 | 692 sqft | 1,070,000 | 1,545 | ||
| 16 Oct 201416 October 2014 | 684 sqft | 943,000 | 1,379 |
Bay Square 2
Building17 apartments, studios to 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 1,037
- Typical sale
- AED 1.65M
- Typical rent
- AED 110K /yr
- Typical yield
- 8.8%
Other units on the 10th floor
All 17 units in Bay Square 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | 1-bed | 1,224 sqft | AED 2MAED 2,000,000 · Aug 2014August 2014 | 120,000 /yr | |
| 1002 | 1-bed | 1,225 sqft | AED 1.28MAED 1,280,000 · Apr 2024April 2024 | 110,000 /yr | |
| 1003 | 1-bed | 1,225 sqft | AED 1.79MAED 1,790,000 · Sep 2025September 2025 | 90,000 /yr | |
| 1004 | 1-bed | 1,224 sqft | AED 1.23MAED 1,228,000 · Jun 2022June 2022 | 112,500 /yr | |
| 1005 | 1-bed | 1,224 sqft | AED 1.85MAED 1,850,000 · Nov 2015November 2015 | ||
| 1006 | 1-bed | 1,225 sqft | AED 1.28MAED 1,275,000 · Oct 2016October 2016 | 80,000 /yr | |
| 1007 | 1-bed | 1,224 sqft | AED 2.05MAED 2,050,000 · Nov 2014November 2014 |
1008, Bay Square 2 in numbers
- Sold 3 times: first on 19 November 2014 for AED 877,000, last on 29 June 2020 for AED 525,000 (AED 931 per sqft).
- Rented since April 2016 on 4 Ejari contracts, from AED 67,000 to AED 50,000 a year.
- At AED 50,000 a year the gross yield on the 2020 price is 9.5%, before a service charge of about AED 15,200 a year (AED 27.00 per sqft).
Source: Dubai Land Department. Updated 29 June 2020.
Questions about 1008, Bay Square 2
What did unit 1008 last sell for?
AED 525,000 on 29 June 2020: AED 931 per sqft for 563 sqft. The unit has 3 registered sales; the first was AED 877,000 in November 2014.
What is the rent for unit 1008?
AED 50,000 a year on the contract signed on 20 November 2019. The previous contract, from August 2018, was AED 50,000; the unit has been rented since April 2016.
How big is unit 1008?
563 sqft (52.3 sqm): a studio on the 10th floor of a 10-storey tower completed in 2014.
What is unit 1008 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 1008, Bay Square 2
Starts from the last sale price (AED 525K, 29 June 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 525,000
- Deposit, UAE resident (20%)
- AED 105,000
- Deposit, non-resident (40%)
- AED 210,000
- Monthly over 25 years at 3.7%
- AED 2,148
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →