505, Bay Square 6
Sold prices and rental history: sold twice, last in December 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Bay Square 6
What is 505 worth today?
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Source: Dubai Land Department. Updated 17 December 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 1,179 sqft
- Floor
- 5th of 6
- Parking
- B2-332
- Developer
- Business Bay
- Completed
- 2014
- Service charge
- AED 31,800 /yr
- Last sold
- AED 1.5M · December 2024
- Building
- Bay Square 6
About 505, Bay Square 6
505 is a one-bedroom apartment of 1,179 sqft on the 5th floor of Bay Square 6, a 6-storey tower in Business Bay completed in 2014 by Business Bay. It last sold on 17 December 2024 for AED 1,495,000, or AED 1,267 per sqft, 3% above the AED 1,225 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, renewed on 26 November 2022, is AED 60,500 a year: a gross yield of 4.0% on the 2024 price, before the service charge of about AED 31,800 a year.
Sales and rents for 505 over time
505 has sold twice; 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 6, and where 505 sits
All 13 1-beds →505 last sold in December 2024 at AED 1,267 per sqft, 3% above what one-beds in Bay Square 6 were fetching at the time (AED 1,225). 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. 505's AED 60,500 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Dec 202522 December 2025 | 1,224 sqft | 2,075,000 | 1,695 | ||
| 18 Jul 202518 July 2025 | 1,590 sqft | 1,725,000 | 1,084 | ||
| 27 Aug 202427 August 2024 | 1,224 sqft | 1,650,000 | 1,348 | ||
| 22 Aug 202422 August 2024 | 1,556 sqft | 1,430,000 | 918 |
Bay Square 6
Building17 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%
Other units on the 5th floor
All 17 units in Bay Square 6| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 1,586 sqft | AED 1.39MAED 1,391,000 · Aug 2022August 2022 | 113,750 /yr | |
| 502 | 1-bed | 1,522 sqft | AED 1.8MAED 1,800,000 · Jun 2014June 2014 | 110,000 /yr | |
| 503 | 1-bed | 1,556 sqft | AED 1.43MAED 1,430,000 · Aug 2024August 2024 | 105,000 /yr | |
| 504 | 1-bed | 1,590 sqft | AED 1.57MAED 1,566,000 · Dec 2014December 2014 | 94,158 /yr | |
| 506 | 1-bed | 2,126 sqft | AED 1.75MAED 1,750,000 · Aug 2022August 2022 | 6,666 /yr | |
| 507 | 1-bed | 1,590 sqft | AED 1.73MAED 1,725,000 · Jul 2025July 2025 | 94,500 /yr | |
| 508 | Studio | 685 sqft | AED 950KAED 950,000 · Oct 2016October 2016 | 65,000 /yr | |
| 509 | Studio | 692 sqft | AED 950KAED 950,000 · Oct 2016October 2016 | 60,000 /yr |
505, Bay Square 6 in numbers
- Sold twice: first on 12 August 2014 for AED 1,335,000, last on 17 December 2024 for AED 1,495,000 (AED 1,267 per sqft).
- Rented since January 2015 on 5 Ejari contracts, from AED 110,000 to AED 60,500 a year.
- At AED 60,500 a year the gross yield on the 2024 price is 4.0%, before a service charge of about AED 31,800 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 17 December 2024.
Questions about 505, Bay Square 6
What did unit 505 last sell for?
AED 1,495,000 on 17 December 2024: AED 1,267 per sqft for 1,179 sqft. The unit has 2 registered sales; the first was AED 1,335,000 in August 2014.
What is the rent for unit 505?
AED 60,500 a year on the contract renewed on 26 November 2022. The previous contract, from November 2021, was AED 55,000; the unit has been rented since January 2015.
How big is unit 505?
1,179 sqft (109.5 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2014.
What is unit 505 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 505, Bay Square 6
Starts from the last sale price (AED 1.5M, 17 December 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,495,000
- Deposit, UAE resident (20%)
- AED 299,000
- Deposit, non-resident (40%)
- AED 598,000
- Monthly over 25 years at 3.7%
- AED 6,117
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →