Studio · 851 sqftBay Square 9, Business Bay · 7th floor · completed 2014

701, Bay Square 9

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

Unit 701 · DLD and Ejari recordsUpdated 7 October 2026
Last soldAED 1.07M24 July 2024
Current rentAED 70K /yr7 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 701, Bay Square 9

What is 701 worth today?

Last sold for AED 1,070,000 in 2024

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7 Oct 2026RentedNew contract
AED 70,000/yr12 months · AED 82 per sqft
30 Apr 2025RentedNew contract
AED 87,000/yr12 months · AED 102 per sqft
30 Apr 2025RentedNew contract
AED 87,000/yr12 months · AED 102 per sqft
24 Jul 2024SoldReady
AED 1,070,000AED 1,257 per sqft
15 Jun 2023RentedNew contract
AED 51,268/yr12 months · AED 60 per sqft
15 Jun 2022RentedRenewal
AED 48,825/yr12 months · AED 57 per sqft
15 Jun 2021RentedNew contract
AED 46,500/yr12 months · AED 55 per sqft
15 Jun 2019RentedNew contract
AED 65,000/yr12 months · AED 76 per sqft

Source: Dubai Land Department. Updated 7 October 2026.

Key facts

Type
Studio apartment
Size
851 sqft
Floor
7th of 8
Parking
B2-836
Developer
Business Bay
Completed
2014
Service charge
AED 18,700 /yr
Last sold
AED 1.07M · July 2024
Building
Bay Square 9

About 701, Bay Square 9

701 is a studio of 851 sqft on the 7th floor of Bay Square 9, a 8-storey tower in Business Bay completed in 2014 by Business Bay. It last sold on 24 July 2024 for AED 1,070,000, or AED 1,257 per sqft, in line with the AED 1,278 studios in the building were fetching at the time.

It has been rented continuously since 2016 on 9 Ejari contracts. The current contract, signed on 7 October 2026, is AED 70,000 a year: a gross yield of 6.5% on the 2024 price, before the service charge of about AED 18,700 a year.

Sales and rents for 701 over time

Sales
Unit 701, 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, July 2024: AED 1,070,000 (AED 1,257 per sqft)

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

Rents
Unit 701, 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, April 2016: AED 85,000 a yearRenewal, April 2017: AED 85,000 a yearNew contract, June 2019: AED 65,000 a yearNew contract, June 2021: AED 46,500 a yearRenewal, June 2022: AED 48,825 a yearNew contract, June 2023: AED 51,268 a yearNew contract, April 2025: AED 87,000 a yearNew contract, April 2025: AED 87,000 a yearNew contract, October 2026: AED 70,000 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 701 sits

All 112 studios →

701 last sold in July 2024 at AED 1,257 per sqft, in line with what studios in Bay Square 9 were fetching at the time (AED 1,278). 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. 701's AED 70,000 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 7th floor

All 152 units in Bay Square 9
Value
7021-bedAED 1.63M · Nov 2024
7031-bedAED 1.63M · Nov 2024
7041-bedAED 1.63M · Nov 2024
7051-bedAED 1.6M · Nov 2024
706StudioAED 959K · Apr 2024
707StudioAED 920K · Sep 2024
7081-bedAED 1.76M · Oct 2024
1–7 of 18

701, Bay Square 9 in numbers

  • Sold twice: first on 15 January 2015 for AED 1,044,600, last on 24 July 2024 for AED 1,070,000 (AED 1,257 per sqft).
  • Rented since April 2016 on 9 Ejari contracts. The rent fell from AED 85,000 to AED 46,500 in 2021 and recovered to AED 70,000 by October 2026.
  • At AED 70,000 a year the gross yield on the 2024 price is 6.5%, 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 7 October 2026.

Questions about 701, Bay Square 9

What did unit 701 last sell for?

AED 1,070,000 on 24 July 2024: AED 1,257 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 701?

AED 70,000 a year on the contract signed on 7 October 2026. The previous contract, from April 2025, was AED 87,000; the unit has been rented since April 2016.

How big is unit 701?

851 sqft (79.1 sqm): a studio on the 7th floor of a 8-storey tower completed in 2014.

What is unit 701 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 701, Bay Square 9

Starts from the last sale price (AED 1.07M, 24 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,070,000
Deposit, UAE resident (20%)
AED 214,000
Deposit, non-resident (40%)
AED 428,000
Monthly over 25 years at 3.7%
AED 4,378

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