Studio · 659 sqftBay Square 9, Business Bay · 3rd floor · completed 2014

306, Bay Square 9

Sold prices and rental history: sold twice, last in April 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 306 · DLD and Ejari recordsUpdated 3 April 2024
Last soldAED 843K3 April 2024
Current rentAED 48K /yr1 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 306, Bay Square 9

What is 306 worth today?

Last sold for AED 843,166 in 2024

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3 Apr 2024SoldReady
AED 843,166AED 1,278 per sqft
1 Mar 2023RentedNew contract
AED 48,400/yr12 months · AED 73 per sqft
1 Mar 2022RentedRenewal
AED 44,000/yr12 months · AED 67 per sqft
1 Mar 2021RentedNew contract
AED 40,000/yr12 months · AED 61 per sqft
24 May 2020RentedNew contract
AED 45,000/yr12 months · AED 68 per sqft
25 Jan 2019RentedNew contract
AED 57,000/yr12 months · AED 86 per sqft
30 Oct 2017RentedNew contract
AED 70,000/yr12 months · AED 106 per sqft
1 Feb 2016RentedNew contract
AED 75,000/yr12 months · AED 114 per sqft

Source: Dubai Land Department. Updated 3 April 2024.

Key facts

Type
Studio apartment
Size
659 sqft
Floor
3rd of 8
Parking
B4-756
Developer
Business Bay
Completed
2014
Service charge
AED 14,500 /yr
Last sold
AED 843K · April 2024
Building
Bay Square 9

About 306, Bay Square 9

306 is a studio of 659 sqft on the 3rd floor of Bay Square 9, a 8-storey tower in Business Bay completed in 2014 by Business Bay. It last sold on 3 April 2024 for AED 843,166, or AED 1,278 per sqft, in line with the AED 1,276 studios in the building were fetching at the time.

It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, signed on 1 March 2023, is AED 48,400 a year: a gross yield of 5.7% on the 2024 price, before the service charge of about AED 14,500 a year.

Sales and rents for 306 over time

Sales
Unit 306, each saleTypical studio in Bay Square 9
800K1M20152018202120242027Typical 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 793,802 (AED 1,204 per sqft)Sold, April 2024: AED 843,166 (AED 1,278 per sqft)

306 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 306, 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 2016: AED 75,000 a yearNew contract, October 2017: AED 70,000 a yearNew contract, January 2019: AED 57,000 a yearNew contract, May 2020: AED 45,000 a yearNew contract, March 2021: AED 40,000 a yearRenewal, March 2022: AED 44,000 a yearNew contract, March 2023: AED 48,400 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 306 sits

All 112 studios →

306 last sold in April 2024 at AED 1,278 per sqft, in line with what studios in Bay Square 9 were fetching at the time (AED 1,276). 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. 306's AED 48,400 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 3rd floor

All 152 units in Bay Square 9
Value
301StudioAED 1.02M · Jan 2024
3021-bedAED 1.53M · Jan 2026
3031-bedAED 1.4M · Nov 2025
3041-bedAED 1.5M · Jan 2024
3051-bedAED 1.5M · Jan 2024
307StudioAED 840K · Nov 2023
3081-bedAED 1.56M · Mar 2024
1–7 of 18

306, Bay Square 9 in numbers

  • Sold twice: first on 14 January 2015 for AED 793,802, last on 3 April 2024 for AED 843,166 (AED 1,278 per sqft).
  • Rented since February 2016 on 7 Ejari contracts. The rent fell from AED 75,000 to AED 40,000 in 2021 and recovered to AED 48,400 by March 2023.
  • At AED 48,400 a year the gross yield on the 2024 price is 5.7%, 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 3 April 2024.

Questions about 306, Bay Square 9

What did unit 306 last sell for?

AED 843,166 on 3 April 2024: AED 1,278 per sqft for 659 sqft. The unit has 2 registered sales; the first was AED 793,802 in January 2015.

What is the rent for unit 306?

AED 48,400 a year on the contract signed on 1 March 2023. The previous contract, from March 2022, was AED 44,000; the unit has been rented since February 2016.

How big is unit 306?

659 sqft (61.2 sqm): a studio on the 3rd floor of a 8-storey tower completed in 2014.

What is unit 306 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 306, Bay Square 9

Starts from the last sale price (AED 843K, 3 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 843,166
Deposit, UAE resident (20%)
AED 168,633
Deposit, non-resident (40%)
AED 337,266
Monthly over 25 years at 3.7%
AED 3,450

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