508, Bay Square 9
Sold prices and rental history: sold twice, last in February 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Bay Square 9
What is 508 worth today?
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Source: Dubai Land Department. Updated 29 February 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 1,329 sqft
- Floor
- 5th of 8
- Parking
- B3-819
- Developer
- Business Bay
- Completed
- 2014
- Service charge
- AED 29,200 /yr
- Last sold
- AED 1.64M · February 2024
- Building
- Bay Square 9
About 508, Bay Square 9
508 is a one-bedroom apartment of 1,329 sqft on the 5th floor of Bay Square 9, a 8-storey tower in Business Bay completed in 2014 by Business Bay. It last sold on 29 February 2024 for AED 1,641,210, or AED 1,234 per sqft, 5% below the AED 1,296 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 1 June 2023, is AED 80,218 a year: a gross yield of 4.9% on the 2024 price, before the service charge of about AED 29,200 a year.
Sales and rents for 508 over time
508 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 9, and where 508 sits
All 59 1-beds →508 last sold in February 2024 at AED 1,234 per sqft, 5% below what one-beds in Bay Square 9 were fetching at the time (AED 1,296). 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. 508's AED 80,218 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 28 Oct 202628 October 2026 | 1,140 sqft | 1,235,000 | 1,083 | ||
| 21 Sep 202621 September 2026 | 1,140 sqft | 1,392,472 | 1,221 | ||
| 21 Sep 202621 September 2026 | 1,139 sqft | 1,391,947 | 1,221 | ||
| 21 Sep 202621 September 2026 | 1,140 sqft | 1,479,503 | 1,298 |
Bay Square 9
Building152 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%
Other units on the 5th floor
All 152 units in Bay Square 9| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | Studio | 851 sqft | AED 950KAED 950,000 · May 2024May 2024 | 100,000 /yr | |
| 502 | 1-bed | 1,140 sqft | AED 1.54MAED 1,543,756 · Sep 2024September 2024 | 120,000 /yr | |
| 503 | 1-bed | 1,140 sqft | AED 1.54MAED 1,543,758 · Sep 2024September 2024 | 125,000 /yr | |
| 504 | 1-bed | 1,140 sqft | AED 1.51MAED 1,512,881 · Jan 2024January 2024 | 120,000 /yr | |
| 505 | 1-bed | 1,139 sqft | AED 1.51MAED 1,512,310 · Jan 2024January 2024 | 113,803 /yr | |
| 506 | Studio | 659 sqft | AED 903KAED 903,000 · Mar 2024March 2024 | 68,000 /yr | |
| 507 | Studio | 659 sqft | AED 840KAED 840,000 · Feb 2024February 2024 | 97,000 /yr | |
| 509 | Studio | 1,140 sqft | AED 1.47MAED 1,470,656 · Apr 2024April 2024 | 77,000 /yr | |
| 510 | Studio | 659 sqft | AED 840KAED 840,000 · Oct 2023October 2023 | 80,000 /yr | |
| 511 | Studio | 659 sqft | AED 840KAED 840,000 · Oct 2023October 2023 | 77,000 /yr | |
| 512 | Studio | 659 sqft | AED 840KAED 840,000 · Oct 2023October 2023 | 90,000 /yr | |
| 513 | 1-bed | 1,301 sqft | AED 1.8MAED 1,800,000 · Apr 2025April 2025 | 85,000 /yr | |
| 514 | Studio | 667 sqft | AED 919KAED 918,750 · Feb 2025February 2025 | 40,000 /yr | |
| 515 | Studio | 659 sqft | AED 945KAED 945,394 · Jan 2024January 2024 | 80,325 /yr | |
| 516 | Studio | 664 sqft | AED 873KAED 873,000 · Feb 2025February 2025 | 75,000 /yr | |
| 517 | Studio | 705 sqft | AED 1.08MAED 1,075,000 · Jan 2025January 2025 | 49,612 /yr | |
| 518 | Studio | 705 sqft | AED 900KAED 900,000 · May 2024May 2024 | 70,000 /yr | |
| 519 | Studio | 707 sqft | AED 920KAED 920,000 · May 2024May 2024 | 85,000 /yr |
508, Bay Square 9 in numbers
- Sold twice: first on 14 January 2015 for AED 1,607,715, last on 29 February 2024 for AED 1,641,210 (AED 1,234 per sqft).
- Rented since April 2016 on 7 Ejari contracts, from AED 130,000 to AED 80,218 a year.
- At AED 80,218 a year the gross yield on the 2024 price is 4.9%, 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 29 February 2024.
Questions about 508, Bay Square 9
What did unit 508 last sell for?
AED 1,641,210 on 29 February 2024: AED 1,234 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 508?
AED 80,218 a year on the contract signed on 1 June 2023. The previous contract, from June 2022, was AED 80,000; the unit has been rented since April 2016.
How big is unit 508?
1,329 sqft (123.5 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2014.
What is unit 508 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 508, Bay Square 9
Starts from the last sale price (AED 1.64M, 29 February 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,641,210
- Deposit, UAE resident (20%)
- AED 328,242
- Deposit, non-resident (40%)
- AED 656,484
- Monthly over 25 years at 3.7%
- AED 6,715
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →