1-bed · 1,590 sqftBay Square 6, Business Bay · 5th floor · completed 2014

504, Bay Square 6

Sold prices and rental history: sold once, by the developer in December 2014, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 504 · DLD and Ejari recordsUpdated 8 September 2023
Last soldAED 1.57M1 December 2014
Current rentAED 94K /yr8 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 504, Bay Square 6

What is 504 worth today?

Last sold for AED 1,566,000 in 2014

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8 Sep 2023RentedRenewal
AED 94,158/yr10 months · AED 59 per sqft
8 Sep 2022RentedNew contract
AED 90,000/yr12 months · AED 56 per sqft
4 Sep 2021RentedNew contract
AED 70,000/yr12 months · AED 44 per sqft
1 Sep 2020RentedNew contract
AED 65,000/yr12 months · AED 41 per sqft
2 Jun 2019RentedNew contract
AED 87,500/yr12 months · AED 55 per sqft
28 Jun 2018RentedNew contract
AED 102,000/yr12 months · AED 64 per sqft
10 Dec 2015RentedRenewal
AED 120,000/yr12 months · AED 75 per sqft
10 Dec 2014RentedNew contract
AED 120,000/yr12 months · AED 75 per sqft

Source: Dubai Land Department. Updated 8 September 2023.

Key facts

Type
1-bed apartment
Size
1,590 sqft
Floor
5th of 6
Parking
B2-331
Developer
Business Bay
Completed
2014
Service charge
AED 42,900 /yr
Last sold
AED 1.57M · December 2014
Building
Bay Square 6

About 504, Bay Square 6

504 is a one-bedroom apartment of 1,590 sqft on the 5th floor of Bay Square 6, a 6-storey tower in Business Bay completed in 2014 by Business Bay. The developer sold it on 1 December 2014 for AED 1,566,000, or AED 984 per sqft, 13% below the AED 1,131 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, renewed on 8 September 2023, is AED 94,158 a year: a gross yield of 6.0% on the 2014 price, before the service charge of about AED 42,900 a year.

Sales and rents for 504 over time

Sales
Unit 504, each saleTypical one-bed in Bay Square 6
1.5M1.55M2014201720202023Typical sale price by year: 2014 AED 1,516,000; 2024 AED 1,495,000Sold by developer, December 2014: AED 1,566,000 (AED 984 per sqft)

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

Rents
Unit 504, each contractTypical one-bed in Bay Square 6
75K100K125K2014201820222026Typical rent by year: 2014 AED 120,000; 2015 AED 110,000; 2016 AED 110,000; 2017 AED 100,000; 2018 AED 95,000; 2019 AED 88,750; 2020 AED 69,500; 2021 AED 70,000; 2022 AED 70,575; 2023 AED 87,404; 2024 AED 105,000; 2025 AED 94,500; 2026 AED 110,000New contract, December 2014: AED 120,000 a yearRenewal, December 2015: AED 120,000 a yearNew contract, June 2018: AED 102,000 a yearNew contract, June 2019: AED 87,500 a yearNew contract, September 2020: AED 65,000 a yearNew contract, September 2021: AED 70,000 a yearNew contract, September 2022: AED 90,000 a yearRenewal, September 2023: AED 94,158 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 6, and where 504 sits

All 13 1-beds →

504 last sold in December 2014 at AED 984 per sqft, 13% below what one-beds in Bay Square 6 were fetching at the time (AED 1,131). Over the last 12 months one-beds sold for AED 2,075,000, around AED 1,695 per sqft, and rent for AED 49,733 to 113,750 a year. 504's AED 94,158 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
22 Dec 20252,075,000
18 Jul 20251,725,000
17 Dec 20241,495,000
27 Aug 20241,650,000
1 1-bed sale in the last 12 months

Bay Square 6

Building

17 apartments, studios to 1-bed over 6 floors in Business Bay, completed in 2014 by Business Bay. 1 sold in the last 12 months.

Typical price per sqft
AED 1,695
Typical sale
AED 2.08M
Typical rent
AED 65K /yr
Typical yield
5.3%
Bay Square 6, Business Bay: prices, sales and rents →

Other units on the 5th floor

All 17 units in Bay Square 6
Value
5011-bedAED 1.39M · Aug 2022
5021-bedAED 1.8M · Jun 2014
5031-bedAED 1.43M · Aug 2024
5051-bedAED 1.5M · Dec 2024
5061-bedAED 1.75M · Aug 2022
5071-bedAED 1.73M · Jul 2025
508StudioAED 950K · Oct 2016
1–7 of 8

504, Bay Square 6 in numbers

  • Sold once: by Business Bay on 1 December 2014 for AED 1,566,000, or AED 984 per sqft.
  • Rented since December 2014 on 8 Ejari contracts. The rent fell from AED 120,000 to AED 65,000 in 2020 and recovered to AED 94,158 by September 2023.
  • At AED 94,158 a year the gross yield on the 2014 price is 6.0%, before a service charge of about AED 42,900 a year (AED 27.00 per sqft).
  • One-beds in Bay Square 6 sold for AED 2,075,000–2,075,000 in the 12 months to November 2026; the building's median across all types is AED 1,695 per sqft.

Source: Dubai Land Department. Updated 8 September 2023.

Questions about 504, Bay Square 6

What did unit 504 last sell for?

AED 1,566,000 on 1 December 2014, sold by the developer: AED 984 per sqft for 1,590 sqft. It is the only registered sale of the unit.

What is the rent for unit 504?

AED 94,158 a year on the contract renewed on 8 September 2023. The previous contract, from September 2022, was AED 90,000; the unit has been rented since December 2014.

How big is unit 504?

1,590 sqft (147.7 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2014.

What is unit 504 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Bay Square 6 sold for AED 2,075,000 to 2,075,000 in the last 12 months, around AED 1,695 per sqft.

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Mortgage on 504, Bay Square 6

Starts from the last sale price (AED 1.57M, 1 December 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,566,000
Deposit, UAE resident (20%)
AED 313,200
Deposit, non-resident (40%)
AED 626,400
Monthly over 25 years at 3.7%
AED 6,407

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