Studio · 705 sqftBay Square 9, Business Bay · 7th floor · completed 2014

717, Bay Square 9

Sold prices and rental history: sold 3 times, last in June 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 717 · DLD and Ejari recordsUpdated 3 June 2024
Last soldAED 970K3 June 2024
Current rentAED 55K /yr1 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 717, Bay Square 9

What is 717 worth today?

Last sold for AED 970,000 in 2024

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3 Jun 2024SoldReady
AED 970,000AED 1,376 per sqft
12 Feb 2024SoldReady
AED 734,107AED 1,041 per sqft
1 Feb 2023RentedNew contract
AED 55,000/yr6 months · AED 78 per sqft
1 Feb 2022RentedNew contract
AED 50,000/yr12 months · AED 71 per sqft
15 Feb 2020RentedNew contract
AED 65,000/yr12 months · AED 92 per sqft
15 Dec 2018RentedNew contract
AED 75,000/yr12 months · AED 106 per sqft
15 Oct 2017RentedNew contract
AED 75,000/yr12 months · AED 106 per sqft
29 Jun 2016RentedNew contract
AED 85,000/yr12 months · AED 121 per sqft

Source: Dubai Land Department. Updated 3 June 2024.

Key facts

Type
Studio apartment
Size
705 sqft
Floor
7th of 8
Parking
B2-807
Developer
Business Bay
Completed
2014
Service charge
AED 15,500 /yr
Last sold
AED 970K · June 2024
Building
Bay Square 9

About 717, Bay Square 9

717 is a studio of 705 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 3 June 2024 for AED 970,000, or AED 1,376 per sqft, 8% above the AED 1,277 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 1 February 2023, is AED 55,000 a year: a gross yield of 5.7% on the 2024 price, before the service charge of about AED 15,500 a year.

Sales and rents for 717 over time

Sales
Unit 717, 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 867,148 (AED 1,230 per sqft)Sold, February 2024: AED 734,107 (AED 1,041 per sqft)Sold, June 2024: AED 970,000 (AED 1,376 per sqft)

717 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 717, 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, June 2016: AED 85,000 a yearNew contract, October 2017: AED 75,000 a yearNew contract, December 2018: AED 75,000 a yearNew contract, February 2020: AED 65,000 a yearNew contract, February 2022: AED 50,000 a yearNew contract, February 2023: AED 55,000 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 717 sits

All 112 studios →

717 last sold in June 2024 at AED 1,376 per sqft, 8% above what studios in Bay Square 9 were fetching at the time (AED 1,277). 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. 717's AED 55,000 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

717, Bay Square 9 in numbers

  • Sold 3 times: first on 14 January 2015 for AED 867,148, last on 3 June 2024 for AED 970,000 (AED 1,376 per sqft).
  • Rented since June 2016 on 6 Ejari contracts, from AED 85,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2024 price is 5.7%, before a service charge of about AED 15,500 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 3 June 2024.

Questions about 717, Bay Square 9

What did unit 717 last sell for?

AED 970,000 on 3 June 2024: AED 1,376 per sqft for 705 sqft. The unit has 3 registered sales; the first was AED 867,148 in January 2015.

What is the rent for unit 717?

AED 55,000 a year on the contract signed on 1 February 2023. The previous contract, from February 2022, was AED 50,000; the unit has been rented since June 2016.

How big is unit 717?

705 sqft (65.5 sqm): a studio on the 7th floor of a 8-storey tower completed in 2014.

What is unit 717 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 717, Bay Square 9

Starts from the last sale price (AED 970K, 3 June 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 →