702, Bay Square 3
Sold prices and rental history: sold 3 times, last in August 2022, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 702, Bay Square 3
What is 702 worth today?
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Source: Dubai Land Department. Updated 15 July 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 1,556 sqft
- Floor
- 7th of 8
- Parking
- B2-425
- Developer
- Business Bay
- Completed
- 2014
- Service charge
- AED 42,000 /yr
- Last sold
- AED 1.38M · August 2022
- Building
- Bay Square 3
About 702, Bay Square 3
702 is a one-bedroom apartment of 1,556 sqft on the 7th floor of Bay Square 3, a 8-storey tower in Business Bay completed in 2014 by Business Bay. It last sold on 30 August 2022 for AED 1,383,000, or AED 888 per sqft.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, renewed on 15 July 2023, is AED 70,000 a year: a gross yield of 5.1% on the 2022 price, before the service charge of about AED 42,000 a year.
Sales and rents for 702 over time
702 has sold 3 times; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Bay Square 3, and where 702 sits
All 9 1-beds →702's AED 70,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 May 202526 May 2025 | 1,586 sqft | 1,611,000 | 1,015 | ||
| 1 Feb 20241 February 2024 | 1,225 sqft | 1,350,000 | 1,102 | ||
| 24 Jan 202424 January 2024 | 1,225 sqft | 1,350,000 | 1,102 | ||
| 13 Apr 202313 April 2023 | 1,224 sqft | 1,300,000 | 1,062 |
Bay Square 3
Building15 apartments, studios to 1-bed over 8 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 90K /yr
- Typical yield
Other units on the 7th floor
All 15 units in Bay Square 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 1,545 sqft | AED 1.35MAED 1,351,792 · Dec 2014December 2014 | 108,000 /yr | |
| 703 | 1-bed | 1,556 sqft | AED 1.3MAED 1,302,000 · Jun 2013June 2013 | 90,000 /yr | |
| 704 | 1-bed | 1,586 sqft | AED 1.61MAED 1,611,000 · May 2025May 2025 | 165,000 /yr | |
| 705 | Studio | 691 sqft | AED 950KAED 950,000 · May 2024May 2024 | 80,000 /yr | |
| 706 | Studio | 684 sqft | AED 1.05MAED 1,050,000 · Apr 2025April 2025 | 90,000 /yr | |
| 707 | Studio | 691 sqft | AED 1MAED 1,000,000 · Jan 2025January 2025 | 70,000 /yr | |
| 708 | 1-bed | 1,157 sqft | AED 1.12MAED 1,120,595 · Dec 2014December 2014 | 90,000 /yr |
702, Bay Square 3 in numbers
- Sold 3 times: first on 3 March 2014 for AED 1,302,000, last on 30 August 2022 for AED 1,383,000 (AED 888 per sqft).
- Rented since July 2018 on 6 Ejari contracts, from AED 90,000 to AED 70,000 a year.
- At AED 70,000 a year the gross yield on the 2022 price is 5.1%, before a service charge of about AED 42,000 a year (AED 27.00 per sqft).
Source: Dubai Land Department. Updated 15 July 2023.
Questions about 702, Bay Square 3
What did unit 702 last sell for?
AED 1,383,000 on 30 August 2022: AED 888 per sqft for 1,556 sqft. The unit has 3 registered sales; the first was AED 1,302,000 in March 2014.
What is the rent for unit 702?
AED 70,000 a year on the contract renewed on 15 July 2023. The previous contract, from July 2022, was AED 70,000; the unit has been rented since July 2018.
How big is unit 702?
1,556 sqft (144.6 sqm): a one-bedroom apartment on the 7th floor of a 8-storey tower completed in 2014.
What is unit 702 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 702, Bay Square 3
Starts from the last sale price (AED 1.38M, 30 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,383,000
- Deposit, UAE resident (20%)
- AED 276,600
- Deposit, non-resident (40%)
- AED 553,200
- Monthly over 25 years at 3.7%
- AED 5,658
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →