803, Bay Square 7
Sold prices and rental history: sold twice, last in July 2015, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 803, Bay Square 7
What is 803 worth today?
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Source: Dubai Land Department. Updated 20 September 2023.
Key facts
- Type
- Studio apartment
- Size
- 563 sqft
- Floor
- 8th of 8
- Parking
- B2-628
- Developer
- Business Bay
- Completed
- 2014
- Service charge
- AED 14,400 /yr
- Last sold
- AED 845K · July 2015
- Building
- Bay Square 7
About 803, Bay Square 7
803 is a studio of 563 sqft on the 8th floor of Bay Square 7, a 8-storey tower in Business Bay completed in 2014 by Business Bay. It last sold on 2 July 2015 for AED 845,000, or AED 1,499 per sqft, 19% above the AED 1,257 studios in the building were fetching at the time.
It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 20 September 2023, is AED 55,000 a year: a gross yield of 6.5% on the 2015 price, before the service charge of about AED 14,400 a year.
Sales and rents for 803 over time
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Bay Square 7, and where 803 sits
All 8 studios →803 last sold in July 2015 at AED 1,499 per sqft, 19% above what studios in Bay Square 7 were fetching at the time (AED 1,257). 803's AED 55,000 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 12 Jun 202312 June 2023 | 684 sqft | 875,000 | 1,278 | ||
| 9 Aug 20229 August 2022 | 684 sqft | 730,000 | 1,066 | ||
| 16 Nov 201516 November 2015 | 563 sqft | 1,145,000 | 2,032 | ||
| 25 Oct 201525 October 2015 | 691 sqft | 1,037,205 | 1,499 |
Bay Square 7
Building17 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 81K /yr
- Typical yield
Other units on the 8th floor
All 17 units in Bay Square 7| ValueToday's value | |||||
|---|---|---|---|---|---|
| 801 | Studio | 563 sqft | AED 845KAED 845,070 · Jul 2015July 2015 | 58,000 /yr | |
| 802 | Studio | 563 sqft | AED 1.15MAED 1,145,000 · Nov 2015November 2015 | 75,000 /yr | |
| 804 | Studio | 563 sqft | AED 845KAED 845,070 · Jul 2015July 2015 | 88,000 /yr | |
| 805 | 1-bed | 1,224 sqft | AED 1.32MAED 1,320,000 · Mar 2024March 2024 | 120,000 /yr | |
| 806 | 1-bed | 1,225 sqft | AED 1.3MAED 1,300,000 · Nov 2023November 2023 | 66,341 /yr | |
| 807 | 1-bed | 1,225 sqft | AED 1.28MAED 1,283,000 · Jul 2024July 2024 | 165,000 /yr | |
| 808 | 1-bed | 1,224 sqft | AED 1.33MAED 1,332,800 · Apr 2024April 2024 | 95,000 /yr |
803, Bay Square 7 in numbers
- Sold twice: first on 26 May 2015 for AED 685,000, last on 2 July 2015 for AED 845,000 (AED 1,499 per sqft).
- Rented since March 2018 on 3 Ejari contracts, from AED 65,000 to AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2015 price is 6.5%, before a service charge of about AED 14,400 a year (AED 25.50 per sqft).
Source: Dubai Land Department. Updated 20 September 2023.
Questions about 803, Bay Square 7
What did unit 803 last sell for?
AED 845,000 on 2 July 2015: AED 1,499 per sqft for 563 sqft. The unit has 2 registered sales; the first was AED 685,000 in May 2015.
What is the rent for unit 803?
AED 55,000 a year on the contract signed on 20 September 2023. The previous contract, from September 2022, was AED 52,000; the unit has been rented since March 2018.
How big is unit 803?
563 sqft (52.3 sqm): a studio on the 8th floor of a 8-storey tower completed in 2014.
What is unit 803 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 803, Bay Square 7
Starts from the last sale price (AED 845K, 2 July 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 845,000
- Deposit, UAE resident (20%)
- AED 169,000
- Deposit, non-resident (40%)
- AED 338,000
- Monthly over 25 years at 3.7%
- AED 3,457
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →