Studio · 659 sqftBay Square 9, Business Bay · 7th floor · completed 2014

715, 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 715 · DLD and Ejari recordsUpdated 15 July 2024
Last soldAED 959K15 July 2024
Current rentAED 52K /yr15 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 715, Bay Square 9

What is 715 worth today?

Last sold for AED 959,145 in 2024

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15 Jul 2024SoldReady
AED 959,145AED 1,455 per sqft
15 Feb 2022RentedNew contract
AED 52,000/yr12 months · AED 79 per sqft
20 Dec 2020RentedRenewal
AED 45,000/yr12 months · AED 68 per sqft
20 Jul 2020RentedNew contract
AED 62,570/yr5 months · AED 95 per sqft
20 Dec 2018RentedNew contract
AED 66,000/yr12 months · AED 100 per sqft
20 Oct 2017RentedNew contract
AED 75,000/yr12 months · AED 114 per sqft
20 Sep 2016RentedNew contract
AED 75,000/yr12 months · AED 114 per sqft
14 Jan 2015Sold by developerReady
AED 797,351AED 1,209 per sqft

Source: Dubai Land Department. Updated 15 July 2024.

Key facts

Type
Studio apartment
Size
659 sqft
Floor
7th of 8
Parking
B2-809
Developer
Business Bay
Completed
2014
Service charge
AED 14,500 /yr
Last sold
AED 959K · July 2024
Building
Bay Square 9

About 715, Bay Square 9

715 is a studio of 659 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 15 July 2024 for AED 959,145, or AED 1,455 per sqft, 14% above the AED 1,278 studios in the building were fetching at the time.

It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, signed on 15 February 2022, is AED 52,000 a year: a gross yield of 5.4% on the 2024 price, before the service charge of about AED 14,500 a year.

Sales and rents for 715 over time

Sales
Unit 715, 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 797,351 (AED 1,209 per sqft)Sold, July 2024: AED 959,145 (AED 1,455 per sqft)

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

Rents
Unit 715, 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, September 2016: AED 75,000 a yearNew contract, October 2017: AED 75,000 a yearNew contract, December 2018: AED 66,000 a yearNew contract, July 2020: AED 62,570 a yearRenewal, December 2020: AED 45,000 a yearNew contract, February 2022: AED 52,000 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 715 sits

All 112 studios →

715 last sold in July 2024 at AED 1,455 per sqft, 14% above 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. 715's AED 52,000 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
701StudioAED 1.07M · Jul 2024
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
1–7 of 18

715, Bay Square 9 in numbers

  • Sold twice: first on 14 January 2015 for AED 797,351, last on 15 July 2024 for AED 959,145 (AED 1,455 per sqft).
  • Rented since September 2016 on 6 Ejari contracts. The rent fell from AED 75,000 to AED 45,000 in 2020 and recovered to AED 52,000 by February 2022.
  • At AED 52,000 a year the gross yield on the 2024 price is 5.4%, 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 15 July 2024.

Questions about 715, Bay Square 9

What did unit 715 last sell for?

AED 959,145 on 15 July 2024: AED 1,455 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 715?

AED 52,000 a year on the contract signed on 15 February 2022. The previous contract, from December 2020, was AED 45,000; the unit has been rented since September 2016.

How big is unit 715?

659 sqft (61.2 sqm): a studio on the 7th floor of a 8-storey tower completed in 2014.

What is unit 715 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 715, Bay Square 9

Starts from the last sale price (AED 959K, 15 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 959,145
Deposit, UAE resident (20%)
AED 191,829
Deposit, non-resident (40%)
AED 383,658
Monthly over 25 years at 3.7%
AED 3,924

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