Studio · 563 sqftBay Square 3, Business Bay · 8th floor · completed 2014

806, Bay Square 3

Sold prices and rental history: sold 4 times, last in October 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 806 · DLD and Ejari recordsUpdated 17 October 2023
Last soldAED 900K17 October 2023
Current rentAED 52K /yr10 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 806, Bay Square 3

What is 806 worth today?

Last sold for AED 900,000 in 2023

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17 Oct 2023SoldReady
AED 900,000AED 1,597 per sqft
10 Jul 2022RentedRenewal
AED 52,145/yr12 months · AED 93 per sqft
10 Jul 2021RentedNew contract
AED 47,000/yr12 months · AED 84 per sqft
1 Feb 2017SoldReady
AED 825,000AED 1,464 per sqft
12 Apr 2015SoldReady
AED 1,050,000AED 1,863 per sqft
9 Dec 2014Sold by developerReady
AED 634,000AED 1,125 per sqft

Source: Dubai Land Department. Updated 17 October 2023.

Key facts

Type
Studio apartment
Size
563 sqft
Floor
8th of 8
Parking
B2-411
Developer
Business Bay
Completed
2014
Service charge
AED 15,200 /yr
Last sold
AED 900K · October 2023
Building
Bay Square 3

About 806, Bay Square 3

806 is a studio of 563 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 17 October 2023 for AED 900,000, or AED 1,597 per sqft.

It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 10 July 2022, is AED 52,145 a year: a gross yield of 5.8% on the 2023 price, before the service charge of about AED 15,200 a year.

Sales and rents for 806 over time

Rents
Unit 806, each contractTypical studio in Bay Square 3
50K75K100K20152018202120242027Typical rent by year: 2015 AED 85,000; 2016 AED 75,000; 2017 AED 72,000; 2020 AED 50,000; 2021 AED 47,000; 2022 AED 51,073; 2024 AED 70,000; 2025 AED 97,500; 2026 AED 80,000New contract, July 2021: AED 47,000 a yearRenewal, July 2022: AED 52,145 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Bay Square 3, and where 806 sits

All 6 studios →

806's AED 52,145 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
3 Apr 20251,050,000
21 Jan 20251,000,000
24 May 2024950,000
19 Sep 2023820,000
0 studio 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
8041-bedAED 1.3M · Apr 2023
805StudioAED 637K · Oct 2014
807StudioAED 637K · Oct 2014

806, Bay Square 3 in numbers

  • Sold 4 times: first on 9 December 2014 for AED 634,000, last on 17 October 2023 for AED 900,000 (AED 1,597 per sqft).
  • Rented since July 2021 on 2 Ejari contracts, from AED 47,000 to AED 52,145 a year.
  • At AED 52,145 a year the gross yield on the 2023 price is 5.8%, before a service charge of about AED 15,200 a year (AED 27.00 per sqft).

Source: Dubai Land Department. Updated 17 October 2023.

Questions about 806, Bay Square 3

What did unit 806 last sell for?

AED 900,000 on 17 October 2023: AED 1,597 per sqft for 563 sqft. The unit has 4 registered sales; the first was AED 634,000 in December 2014.

What is the rent for unit 806?

AED 52,145 a year on the contract renewed on 10 July 2022. The previous contract, from July 2021, was AED 47,000.

How big is unit 806?

563 sqft (52.3 sqm): a studio on the 8th floor of a 8-storey tower completed in 2014.

What is unit 806 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 806, Bay Square 3

Starts from the last sale price (AED 900K, 17 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 900,000
Deposit, UAE resident (20%)
AED 180,000
Deposit, non-resident (40%)
AED 360,000
Monthly over 25 years at 3.7%
AED 3,682

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