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1-bed · 1,556 sqftBay Square 3, Business Bay · 7th floor · completed 2014

703, Bay Square 3

Sold prices and rental history: sold once, by the developer in June 2013, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 14 May 2024
Last soldAED 1.3M4 June 2013
Current rentAED 90K /yr14 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 703, Bay Square 3

What is 703 worth today?

Last sold for AED 1,302,000 in 2013

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14 May 2024RentedNew contract
AED 90,000/yr12 months · AED 58 per sqft
1 Feb 2023RentedRenewal
AED 70,000/yr12 months · AED 45 per sqft
1 Feb 2022RentedNew contract
AED 70,000/yr12 months · AED 45 per sqft
15 May 2020RentedRenewal
AED 75,000/yr12 months · AED 48 per sqft
15 May 2019RentedNew contract
AED 90,000/yr12 months · AED 58 per sqft
15 May 2018RentedRenewal
AED 100,000/yr12 months · AED 64 per sqft
15 May 2017RentedRenewal
AED 105,000/yr12 months · AED 67 per sqft
15 May 2016RentedNew contract
AED 110,000/yr12 months · AED 70 per sqft

Source: Dubai Land Department. Updated 14 May 2024.

Key facts

Type
1-bed apartment
Size
1,556 sqft
Floor
7th of 8
Parking
B2-424
Developer
Business Bay
Completed
2014
Service charge
AED 42,000 /yr
Last sold
AED 1.3M · June 2013
Building
Bay Square 3

About 703, Bay Square 3

703 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. The developer sold it on 4 June 2013 for AED 1,302,000, or AED 836 per sqft, 12% below the AED 946 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, signed on 14 May 2024, is AED 90,000 a year: a gross yield of 6.9% on the 2013 price, before the service charge of about AED 42,000 a year.

Sales and rents for 703 over time

Sales
Unit 703, each saleTypical one-bed in Bay Square 3
1.31M201320142015Typical sale price by year: 2013 AED 1,308,000; 2014 AED 1,302,000Sold by developer, June 2013: AED 1,302,000 (AED 836 per sqft)

703 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 703, each contractTypical one-bed in Bay Square 3
75K100K20152018202120242027Typical rent by year: 2015 AED 110,000; 2016 AED 100,000; 2017 AED 105,000; 2018 AED 90,000; 2019 AED 90,000; 2020 AED 66,500; 2021 AED 61,500; 2022 AED 69,650; 2023 AED 85,000; 2024 AED 95,000; 2025 AED 95,000; 2026 AED 108,000New contract, May 2016: AED 110,000 a yearRenewal, May 2017: AED 105,000 a yearRenewal, May 2018: AED 100,000 a yearNew contract, May 2019: AED 90,000 a yearRenewal, May 2020: AED 75,000 a yearNew contract, February 2022: AED 70,000 a yearRenewal, February 2023: AED 70,000 a yearNew contract, May 2024: AED 90,000 a year

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 703 sits

All 9 1-beds →

703 last sold in June 2013 at AED 836 per sqft, 12% below what one-beds in Bay Square 3 were fetching at the time (AED 946). 703's AED 90,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
26 May 20251,611,000
1 Feb 20241,350,000
24 Jan 20241,350,000
13 Apr 20231,300,000
0 1-bed sales in the last 12 months

Bay Square 3

Building

15 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
Bay Square 3, Business Bay: prices, sales and rents →

Other units on the 7th floor

All 15 units in Bay Square 3
Value
7011-bedAED 1.35M · Dec 2014
7021-bedAED 1.38M · Aug 2022
7041-bedAED 1.61M · May 2025
705StudioAED 950K · May 2024
706StudioAED 1.05M · Apr 2025
707StudioAED 1M · Jan 2025
7081-bedAED 1.12M · Dec 2014

703, Bay Square 3 in numbers

  • Sold once: by Business Bay on 4 June 2013 for AED 1,302,000, or AED 836 per sqft.
  • Rented since May 2016 on 8 Ejari contracts. The rent fell from AED 110,000 to AED 70,000 in 2023 and recovered to AED 90,000 by May 2024.
  • At AED 90,000 a year the gross yield on the 2013 price is 6.9%, before a service charge of about AED 42,000 a year (AED 27.00 per sqft).

Source: Dubai Land Department. Updated 14 May 2024.

Questions about 703, Bay Square 3

What did unit 703 last sell for?

AED 1,302,000 on 4 June 2013, sold by the developer: AED 836 per sqft for 1,556 sqft. It is the only registered sale of the unit.

What is the rent for unit 703?

AED 90,000 a year on the contract signed on 14 May 2024. The previous contract, from February 2023, was AED 70,000; the unit has been rented since May 2016.

How big is unit 703?

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 703 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 703, Bay Square 3

Starts from the last sale price (AED 1.3M, 4 June 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,302,000
Deposit, UAE resident (20%)
AED 260,400
Deposit, non-resident (40%)
AED 520,800
Monthly over 25 years at 3.7%
AED 5,327

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