Studio · 851 sqftBay Square 9, Business Bay · 6th floor · completed 2014

601, Bay Square 9

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

Unit 601 · DLD and Ejari recordsUpdated 8 January 2024
Last soldAED 970K8 January 2024
Current rentAED 50K /yr25 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 601, Bay Square 9

What is 601 worth today?

Last sold for AED 970,000 in 2024

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8 Jan 2024SoldReady
AED 970,000AED 1,140 per sqft
25 Mar 2022RentedRenewal
AED 49,875/yr12 months · AED 59 per sqft
25 Mar 2021RentedNew contract
AED 47,500/yr12 months · AED 56 per sqft
9 Jun 2019RentedRenewal
AED 75,000/yr12 months · AED 88 per sqft
9 Jun 2018RentedNew contract
AED 75,000/yr12 months · AED 88 per sqft
1 Jun 2017RentedNew contract
AED 80,000/yr12 months · AED 94 per sqft
1 May 2016RentedNew contract
AED 80,000/yr12 months · AED 94 per sqft
14 Jan 2015Sold by developerReady
AED 1,044,600AED 1,227 per sqft

Source: Dubai Land Department. Updated 8 January 2024.

Key facts

Type
Studio apartment
Size
851 sqft
Floor
6th of 8
Parking
B3-782
Developer
Business Bay
Completed
2014
Service charge
AED 18,700 /yr
Last sold
AED 970K · January 2024
Building
Bay Square 9

About 601, Bay Square 9

601 is a studio of 851 sqft on the 6th floor of Bay Square 9, a 8-storey tower in Business Bay completed in 2014 by Business Bay. It last sold on 8 January 2024 for AED 970,000, or AED 1,140 per sqft, 11% below the AED 1,274 studios in the building were fetching at the time.

It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, renewed on 25 March 2022, is AED 49,875 a year: a gross yield of 5.1% on the 2024 price, before the service charge of about AED 18,700 a year.

Sales and rents for 601 over time

Sales
Unit 601, 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 1,044,600 (AED 1,227 per sqft)Sold, January 2024: AED 970,000 (AED 1,140 per sqft)

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

Rents
Unit 601, 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, May 2016: AED 80,000 a yearNew contract, June 2017: AED 80,000 a yearNew contract, June 2018: AED 75,000 a yearRenewal, June 2019: AED 75,000 a yearNew contract, March 2021: AED 47,500 a yearRenewal, March 2022: AED 49,875 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 601 sits

All 112 studios →

601 last sold in January 2024 at AED 1,140 per sqft, 11% below 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. 601's AED 49,875 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 6th floor

All 152 units in Bay Square 9
Value
6021-bedAED 1.42M · Apr 2024
6031-bedAED 1.46M · Jul 2024
6041-bedAED 1.41M · Aug 2024
6051-bedAED 2M · May 2026
606StudioAED 830K · Aug 2023
607StudioAED 860K · Feb 2024
6081-bedAED 1.6M · Feb 2024
1–7 of 18

601, Bay Square 9 in numbers

  • Sold twice: first on 14 January 2015 for AED 1,044,600, last on 8 January 2024 for AED 970,000 (AED 1,140 per sqft).
  • Rented since May 2016 on 6 Ejari contracts, from AED 80,000 to AED 49,875 a year.
  • At AED 49,875 a year the gross yield on the 2024 price is 5.1%, before a service charge of about AED 18,700 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 8 January 2024.

Questions about 601, Bay Square 9

What did unit 601 last sell for?

AED 970,000 on 8 January 2024: AED 1,140 per sqft for 851 sqft. The unit has 2 registered sales; the first was AED 1,044,600 in January 2015.

What is the rent for unit 601?

AED 49,875 a year on the contract renewed on 25 March 2022. The previous contract, from March 2021, was AED 47,500; the unit has been rented since May 2016.

How big is unit 601?

851 sqft (79.1 sqm): a studio on the 6th floor of a 8-storey tower completed in 2014.

What is unit 601 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 601, Bay Square 9

Starts from the last sale price (AED 970K, 8 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 970,000
Deposit, UAE resident (20%)
AED 194,000
Deposit, non-resident (40%)
AED 388,000
Monthly over 25 years at 3.7%
AED 3,969

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