Studio · 659 sqftBay Square 9, Business Bay · 2nd floor · completed 2014

215, Bay Square 9

Sold prices and rental history: sold 3 times, last in July 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 215 · DLD and Ejari recordsUpdated 29 July 2024
Last soldAED 880K29 July 2024
Current rentAED 51K /yr20 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 215, Bay Square 9

What is 215 worth today?

Last sold for AED 880,000 in 2024

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29 Jul 2024SoldReady
AED 880,000AED 1,335 per sqft
1 Feb 2024SoldReady
AED 669,375AED 1,015 per sqft
20 Nov 2023RentedNew contract
AED 50,602/yr6 months · AED 77 per sqft
20 Nov 2022RentedNew contract
AED 48,300/yr12 months · AED 73 per sqft
20 Nov 2021RentedRenewal
AED 46,000/yr12 months · AED 70 per sqft
20 Nov 2020RentedRenewal
AED 44,000/yr12 months · AED 67 per sqft
20 Nov 2019RentedRenewal
AED 56,000/yr12 months · AED 85 per sqft
20 Nov 2018RentedNew contract
AED 62,000/yr12 months · AED 94 per sqft

Source: Dubai Land Department. Updated 29 July 2024.

Key facts

Type
Studio apartment
Size
659 sqft
Floor
2nd of 8
Parking
B4-717
Developer
Business Bay
Completed
2014
Service charge
AED 14,500 /yr
Last sold
AED 880K · July 2024
Building
Bay Square 9

About 215, Bay Square 9

215 is a studio of 659 sqft on the 2nd floor of Bay Square 9, a 8-storey tower in Business Bay completed in 2014 by Business Bay. It last sold on 29 July 2024 for AED 880,000, or AED 1,335 per sqft, 4% above the AED 1,278 studios in the building were fetching at the time.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, signed on 20 November 2023, is AED 50,602 a year: a gross yield of 5.8% on the 2024 price, before the service charge of about AED 14,500 a year.

Sales and rents for 215 over time

Sales
Unit 215, each saleTypical studio in Bay Square 9
600K800K1M20152018202120242027Typical sale price by year: 2015 AED 803,266; 2023 AED 859,730; 2024 AED 892,500; 2025 AED 1,060,000; 2026 AED 1,032,500Sold by developer, January 2015: AED 797,351 (AED 1,209 per sqft)Sold, February 2024: AED 669,375 (AED 1,015 per sqft)Sold, July 2024: AED 880,000 (AED 1,335 per sqft)

215 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 215, each contractTypical studio in Bay Square 9
40K60K80K2016201920222025Typical rent by year: 2016 AED 75,000; 2017 AED 75,000; 2018 AED 72,000; 2019 AED 65,000; 2020 AED 53,500; 2021 AED 43,000; 2022 AED 48,000; 2023 AED 50,751; 2024 AED 83,000; 2025 AED 83,000; 2026 AED 77,000New contract, February 2017: AED 75,000 a yearNew contract, November 2018: AED 62,000 a yearRenewal, November 2019: AED 56,000 a yearRenewal, November 2020: AED 44,000 a yearRenewal, November 2021: AED 46,000 a yearNew contract, November 2022: AED 48,300 a yearNew contract, November 2023: AED 50,602 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 9, and where 215 sits

All 112 studios →

215 last sold in July 2024 at AED 1,335 per sqft, 4% above what studios in Bay Square 9 were fetching at the time (AED 1,278). Over the last 12 months studios sold for AED 935,000 to 1,065,000, around AED 1,511 per sqft, and rent for AED 45,000 to 118,588 a year. 215's AED 50,602 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
16 Oct 2026935,000
31 Aug 20261,065,000
25 Jun 20261,035,000
26 Feb 20261,030,000
5 studio sales in the last 12 months

Bay Square 9

Building

152 apartments, studios to 1-bed over 8 floors in Business Bay, completed in 2014 by Business Bay. 20 sold in the last 12 months.

Typical price per sqft
AED 1,430 Down 5.5%
Typical sale
AED 1.5M
Typical rent
AED 85K /yr
Typical yield
7.9%
Bay Square 9, Business Bay: prices, sales and rents →

Other units on the 2nd floor

All 152 units in Bay Square 9
Value
201StudioAED 1.02M · Jan 2024
2021-bedAED 1.8M · Mar 2026
2031-bedAED 2M · Oct 2025
2041-bedAED 1.39M · May 2024
2051-bedAED 1.43M · Nov 2023
206StudioAED 845K · Nov 2023
207StudioAED 1.1M · Apr 2025
1–7 of 18

215, Bay Square 9 in numbers

  • Sold 3 times: first on 14 January 2015 for AED 797,351, last on 29 July 2024 for AED 880,000 (AED 1,335 per sqft).
  • Rented since February 2017 on 7 Ejari contracts. The rent fell from AED 75,000 to AED 44,000 in 2020 and recovered to AED 50,602 by November 2023.
  • At AED 50,602 a year the gross yield on the 2024 price is 5.8%, before a service charge of about AED 14,500 a year (AED 22.00 per sqft).
  • Studios in Bay Square 9 sold for AED 935,000–1,065,000 in the 12 months to November 2026; the building's median across all types is AED 1,430 per sqft.

Source: Dubai Land Department. Updated 29 July 2024.

Questions about 215, Bay Square 9

What did unit 215 last sell for?

AED 880,000 on 29 July 2024: AED 1,335 per sqft for 659 sqft. The unit has 3 registered sales; the first was AED 797,351 in January 2015.

What is the rent for unit 215?

AED 50,602 a year on the contract signed on 20 November 2023. The previous contract, from November 2022, was AED 48,300; the unit has been rented since February 2017.

How big is unit 215?

659 sqft (61.2 sqm): a studio on the 2nd floor of a 8-storey tower completed in 2014.

What is unit 215 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Bay Square 9 sold for AED 935,000 to 1,065,000 in the last 12 months, around AED 1,511 per sqft.

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Mortgage on 215, Bay Square 9

Starts from the last sale price (AED 880K, 29 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 880,000
Deposit, UAE resident (20%)
AED 176,000
Deposit, non-resident (40%)
AED 352,000
Monthly over 25 years at 3.7%
AED 3,600

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