511, Bay Square 9
Sold prices and rental history: sold twice, last in October 2023, 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 511, Bay Square 9
What is 511 worth today?
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Source: Dubai Land Department. Updated 14 February 2024.
Key facts
- Type
- Studio apartment
- Size
- 659 sqft
- Floor
- 5th of 8
- Parking
- B3-822
- Developer
- Business Bay
- Completed
- 2014
- Service charge
- AED 14,500 /yr
- Last sold
- AED 840K · October 2023
- Building
- Bay Square 9
About 511, Bay Square 9
511 is a studio of 659 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 5 October 2023 for AED 840,000, or AED 1,274 per sqft, in line with the AED 1,274 studios in the building were fetching at the time.
It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, signed on 14 February 2024, is AED 77,000 a year: a gross yield of 9.2% on the 2023 price, before the service charge of about AED 14,500 a year.
Sales and rents for 511 over time
511 has sold twice; the dashed line is the studio median of each year in the building.
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 511 sits
All 112 studios →511 last sold in October 2023 at AED 1,274 per sqft, in line with what studios in Bay Square 9 were fetching at the time (AED 1,274). 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. 511's AED 77,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Oct 202616 October 2026 | 667 sqft | 935,000 | 1,402 | ||
| 31 Aug 202631 August 2026 | 705 sqft | 1,065,000 | 1,511 | ||
| 25 Jun 202625 June 2026 | 705 sqft | 1,035,000 | 1,468 | ||
| 26 Feb 202626 February 2026 | 664 sqft | 1,030,000 | 1,552 |
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 | |
| 508 | 1-bed | 1,329 sqft | AED 1.64MAED 1,641,210 · Feb 2024February 2024 | 80,218 /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 | |
| 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 |
511, Bay Square 9 in numbers
- Sold twice: first on 14 January 2015 for AED 797,351, last on 5 October 2023 for AED 840,000 (AED 1,274 per sqft).
- Rented since April 2016 on 5 Ejari contracts. The rent fell from AED 75,000 to AED 52,000 in 2022 and recovered to AED 77,000 by February 2024.
- At AED 77,000 a year the gross yield on the 2023 price is 9.2%, 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 14 February 2024.
Questions about 511, Bay Square 9
What did unit 511 last sell for?
AED 840,000 on 5 October 2023: AED 1,274 per sqft for 659 sqft. The unit has 2 registered sales; the first was AED 797,351 in January 2015.
What is the rent for unit 511?
AED 77,000 a year on the contract signed on 14 February 2024. The previous contract, from March 2022, was AED 52,000; the unit has been rented since April 2016.
How big is unit 511?
659 sqft (61.2 sqm): a studio on the 5th floor of a 8-storey tower completed in 2014.
What is unit 511 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 511, Bay Square 9
Starts from the last sale price (AED 840K, 5 October 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 840,000
- Deposit, UAE resident (20%)
- AED 168,000
- Deposit, non-resident (40%)
- AED 336,000
- Monthly over 25 years at 3.7%
- AED 3,437
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →