Studio · 667 sqftBay Square 9, Business Bay · 6th floor · completed 2014

614, Bay Square 9

Sold prices and rental history: sold twice, last in August 2023, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 614 · DLD and Ejari recordsUpdated 10 August 2023
Last soldAED 860K10 August 2023
Current rentAED 46K /yr5 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 614, Bay Square 9

What is 614 worth today?

Last sold for AED 859,730 in 2023

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10 Aug 2023SoldReady
AED 859,730AED 1,289 per sqft
5 Jun 2021RentedNew contract
AED 46,000/yr12 months · AED 69 per sqft
25 May 2019RentedNew contract
AED 62,000/yr12 months · AED 93 per sqft
27 Jan 2018RentedNew contract
AED 73,000/yr12 months · AED 110 per sqft
1 Nov 2016RentedNew contract
AED 75,000/yr12 months · AED 113 per sqft
14 Jan 2015Sold by developerReady
AED 818,645AED 1,228 per sqft

Source: Dubai Land Department. Updated 10 August 2023.

Key facts

Type
Studio apartment
Size
667 sqft
Floor
6th of 8
Parking
B2-873
Developer
Business Bay
Completed
2014
Service charge
AED 14,700 /yr
Last sold
AED 860K · August 2023
Building
Bay Square 9

About 614, Bay Square 9

614 is a studio of 667 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 10 August 2023 for AED 859,730, or AED 1,289 per sqft, in line with the AED 1,267 studios in the building were fetching at the time.

It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, signed on 5 June 2021, is AED 46,000 a year: a gross yield of 5.3% on the 2023 price, before the service charge of about AED 14,700 a year.

Sales and rents for 614 over time

Sales
Unit 614, 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 818,645 (AED 1,228 per sqft)Sold, August 2023: AED 859,730 (AED 1,289 per sqft)

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

Rents
Unit 614, 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, November 2016: AED 75,000 a yearNew contract, January 2018: AED 73,000 a yearNew contract, May 2019: AED 62,000 a yearNew contract, June 2021: AED 46,000 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 614 sits

All 112 studios →

614 last sold in August 2023 at AED 1,289 per sqft, in line with what studios in Bay Square 9 were fetching at the time (AED 1,267). 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. 614's AED 46,000 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
601StudioAED 970K · Jan 2024
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
1–7 of 18

614, Bay Square 9 in numbers

  • Sold twice: first on 14 January 2015 for AED 818,645, last on 10 August 2023 for AED 859,730 (AED 1,289 per sqft).
  • Rented since November 2016 on 4 Ejari contracts, from AED 75,000 to AED 46,000 a year.
  • At AED 46,000 a year the gross yield on the 2023 price is 5.3%, before a service charge of about AED 14,700 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 10 August 2023.

Questions about 614, Bay Square 9

What did unit 614 last sell for?

AED 859,730 on 10 August 2023: AED 1,289 per sqft for 667 sqft. The unit has 2 registered sales; the first was AED 818,645 in January 2015.

What is the rent for unit 614?

AED 46,000 a year on the contract signed on 5 June 2021. The previous contract, from May 2019, was AED 62,000; the unit has been rented since November 2016.

How big is unit 614?

667 sqft (62.0 sqm): a studio on the 6th floor of a 8-storey tower completed in 2014.

What is unit 614 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 614, Bay Square 9

Starts from the last sale price (AED 860K, 10 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 859,730
Deposit, UAE resident (20%)
AED 171,946
Deposit, non-resident (40%)
AED 343,892
Monthly over 25 years at 3.7%
AED 3,517

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