1-bed · 1,329 sqftBay Square 9, Business Bay · 3rd floor · completed 2014

308, Bay Square 9

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

Unit 308 · DLD and Ejari recordsUpdated 7 March 2024
Last soldAED 1.56M7 March 2024
Current rentAED 72K /yr9 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 308, Bay Square 9

What is 308 worth today?

Last sold for AED 1,555,000 in 2024

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7 Mar 2024SoldReady
AED 1,555,000AED 1,169 per sqft
9 Aug 2023RentedNew contract
AED 72,070/yr9 months · AED 54 per sqft
9 Aug 2022RentedNew contract
AED 72,000/yr12 months · AED 54 per sqft
9 Aug 2021RentedNew contract
AED 72,000/yr12 months · AED 54 per sqft
15 May 2019RentedRenewal
AED 115,000/yr12 months · AED 87 per sqft
15 May 2018RentedNew contract
AED 115,000/yr12 months · AED 87 per sqft
15 Apr 2017RentedNew contract
AED 115,000/yr12 months · AED 87 per sqft
1 May 2016RentedNew contract
AED 130,000/yr12 months · AED 98 per sqft

Source: Dubai Land Department. Updated 7 March 2024.

Key facts

Type
1-bed apartment
Size
1,329 sqft
Floor
3rd of 8
Parking
B4-758
Developer
Business Bay
Completed
2014
Service charge
AED 29,200 /yr
Last sold
AED 1.56M · March 2024
Building
Bay Square 9

About 308, Bay Square 9

308 is a one-bedroom apartment of 1,329 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 7 March 2024 for AED 1,555,000, or AED 1,169 per sqft, 9% below the AED 1,283 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, signed on 9 August 2023, is AED 72,070 a year: a gross yield of 4.6% on the 2024 price, before the service charge of about AED 29,200 a year.

Sales and rents for 308 over time

Sales
Unit 308, each saleTypical one-bed in Bay Square 9
1.4M1.6M20152018202120242027Typical sale price by year: 2015 AED 1,373,478; 2023 AED 1,550,000; 2024 AED 1,512,881; 2025 AED 1,630,000; 2026 AED 1,700,000Sold by developer, January 2015: AED 1,607,715 (AED 1,209 per sqft)Sold, March 2024: AED 1,555,000 (AED 1,169 per sqft)

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

Rents
Unit 308, each contractTypical one-bed in Bay Square 9
100K2016201920222025Typical rent by year: 2016 AED 110,000; 2017 AED 110,000; 2018 AED 105,000; 2019 AED 100,000; 2020 AED 80,000; 2021 AED 66,000; 2022 AED 69,300; 2023 AED 69,603; 2024 AED 116,500; 2025 AED 120,000; 2026 AED 111,902New contract, May 2016: AED 130,000 a yearNew contract, April 2017: AED 115,000 a yearNew contract, May 2018: AED 115,000 a yearRenewal, May 2019: AED 115,000 a yearNew contract, August 2021: AED 72,000 a yearNew contract, August 2022: AED 72,000 a yearNew contract, August 2023: AED 72,070 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 9, and where 308 sits

All 59 1-beds →

308 last sold in March 2024 at AED 1,169 per sqft, 9% below what one-beds in Bay Square 9 were fetching at the time (AED 1,283). Over the last 12 months one-beds sold for AED 1,235,000 to 2,000,000, around AED 1,430 per sqft, and rent for AED 90,000 to 220,000 a year. 308's AED 72,070 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
28 Oct 20261,235,000
21 Sep 20261,392,472
21 Sep 20261,391,947
21 Sep 20261,479,503
15 1-bed 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
306StudioAED 843K · Apr 2024
307StudioAED 840K · Nov 2023
1–7 of 18

308, Bay Square 9 in numbers

  • Sold twice: first on 14 January 2015 for AED 1,607,715, last on 7 March 2024 for AED 1,555,000 (AED 1,169 per sqft).
  • Rented since May 2016 on 7 Ejari contracts, from AED 130,000 to AED 72,070 a year.
  • At AED 72,070 a year the gross yield on the 2024 price is 4.6%, before a service charge of about AED 29,200 a year (AED 22.00 per sqft).
  • One-beds in Bay Square 9 sold for AED 1,235,000–2,000,000 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 7 March 2024.

Questions about 308, Bay Square 9

What did unit 308 last sell for?

AED 1,555,000 on 7 March 2024: AED 1,169 per sqft for 1,329 sqft. The unit has 2 registered sales; the first was AED 1,607,715 in January 2015.

What is the rent for unit 308?

AED 72,070 a year on the contract signed on 9 August 2023. The previous contract, from August 2022, was AED 72,000; the unit has been rented since May 2016.

How big is unit 308?

1,329 sqft (123.5 sqm): a one-bedroom apartment on the 3rd floor of a 8-storey tower completed in 2014.

What is unit 308 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 9 sold for AED 1,235,000 to 2,000,000 in the last 12 months, around AED 1,430 per sqft.

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Mortgage on 308, Bay Square 9

Starts from the last sale price (AED 1.56M, 7 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,555,000
Deposit, UAE resident (20%)
AED 311,000
Deposit, non-resident (40%)
AED 622,000
Monthly over 25 years at 3.7%
AED 6,362

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