1-bed · 1,224 sqftBay Square 3, Business Bay · 8th floor · completed 2014

804, Bay Square 3

Sold prices and rental history: sold 3 times, last in April 2023, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 804 · DLD and Ejari recordsUpdated 13 April 2023
Last soldAED 1.3M13 April 2023
Current rentAED 69K /yr21 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 804, Bay Square 3

What is 804 worth today?

Last sold for AED 1,300,000 in 2023

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13 Apr 2023SoldReady
AED 1,300,000AED 1,062 per sqft
21 Sep 2022RentedNew contract
AED 69,300/yr12 months · AED 56 per sqft
21 Sep 2021RentedRenewal
AED 63,000/yr12 months · AED 51 per sqft
21 Sep 2020RentedRenewal
AED 63,000/yr12 months · AED 51 per sqft
21 Sep 2019RentedRenewal
AED 63,000/yr12 months · AED 51 per sqft
21 Sep 2018RentedRenewal
AED 63,000/yr12 months · AED 51 per sqft
23 Aug 2017RentedRenewal
AED 58,444/yr13 months · AED 48 per sqft
23 Aug 2016RentedNew contract
AED 100,000/yr12 months · AED 81 per sqft

Source: Dubai Land Department. Updated 13 April 2023.

Key facts

Type
1-bed apartment
Size
1,224 sqft
Floor
8th of 8
Parking
B2-382
Developer
Business Bay
Completed
2014
Service charge
AED 33,000 /yr
Last sold
AED 1.3M · April 2023
Building
Bay Square 3

About 804, Bay Square 3

804 is a one-bedroom apartment of 1,224 sqft on the 8th floor of Bay Square 3, a 8-storey tower in Business Bay completed in 2014 by Business Bay. It last sold on 13 April 2023 for AED 1,300,000, or AED 1,062 per sqft.

It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, signed on 21 September 2022, is AED 69,300 a year: a gross yield of 5.3% on the 2023 price, before the service charge of about AED 33,000 a year.

Sales and rents for 804 over time

Sales
Unit 804, each saleTypical one-bed in Bay Square 3
1.3M1.32M2013201620192022Typical sale price by year: 2013 AED 1,308,000; 2014 AED 1,302,000Sold by developer, September 2013: AED 1,333,000 (AED 1,089 per sqft)Sold, October 2014: AED 1,333,000 (AED 1,089 per sqft)Sold, April 2023: AED 1,300,000 (AED 1,062 per sqft)

804 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 804, each contractTypical one-bed in Bay Square 3
50K75K100K20152018202120242027Typical 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, July 2015: AED 105,000 a yearNew contract, August 2016: AED 100,000 a yearRenewal, August 2017: AED 58,444 a yearRenewal, September 2018: AED 63,000 a yearRenewal, September 2019: AED 63,000 a yearRenewal, September 2020: AED 63,000 a yearRenewal, September 2021: AED 63,000 a yearNew contract, September 2022: AED 69,300 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 804 sits

All 9 1-beds →

804's AED 69,300 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
30 Aug 20221,383,000
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 8th floor

All 15 units in Bay Square 3
Value
8011-bedAED 1.18M · Oct 2014
8021-bedAED 1.35M · Feb 2024
8031-bedAED 1.35M · Jan 2024
805StudioAED 637K · Oct 2014
806StudioAED 900K · Oct 2023
807StudioAED 637K · Oct 2014

804, Bay Square 3 in numbers

  • Sold 3 times: first on 25 September 2013 for AED 1,333,000, last on 13 April 2023 for AED 1,300,000 (AED 1,062 per sqft).
  • Rented since July 2015 on 8 Ejari contracts. The rent fell from AED 105,000 to AED 58,444 in 2017 and recovered to AED 69,300 by September 2022.
  • At AED 69,300 a year the gross yield on the 2023 price is 5.3%, before a service charge of about AED 33,000 a year (AED 27.00 per sqft).

Source: Dubai Land Department. Updated 13 April 2023.

Questions about 804, Bay Square 3

What did unit 804 last sell for?

AED 1,300,000 on 13 April 2023: AED 1,062 per sqft for 1,224 sqft. The unit has 3 registered sales; the first was AED 1,333,000 in September 2013.

What is the rent for unit 804?

AED 69,300 a year on the contract signed on 21 September 2022. The previous contract, from September 2021, was AED 63,000; the unit has been rented since July 2015.

How big is unit 804?

1,224 sqft (113.7 sqm): a one-bedroom apartment on the 8th floor of a 8-storey tower completed in 2014.

What is unit 804 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 804, Bay Square 3

Starts from the last sale price (AED 1.3M, 13 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,300,000
Deposit, UAE resident (20%)
AED 260,000
Deposit, non-resident (40%)
AED 520,000
Monthly over 25 years at 3.7%
AED 5,319

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