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1-bed · 1,329 sqftBay Square 9, Business Bay · completed 2014

P08, Bay Square 9

Sold prices and rental history: sold twice, last in May 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit P08 · DLD and Ejari recordsUpdated 9 May 2024
Last soldAED 1.69M9 May 2024
Current rentAED 72K /yr10 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for P08, Bay Square 9

What is P08 worth today?

Last sold for AED 1,692,498 in 2024

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9 May 2024SoldReady
AED 1,692,498AED 1,273 per sqft
10 Oct 2023RentedNew contract
AED 72,038/yr7 months · AED 54 per sqft
10 Oct 2022RentedNew contract
AED 72,000/yr12 months · AED 54 per sqft
10 Oct 2021RentedNew contract
AED 72,000/yr12 months · AED 54 per sqft
1 Sep 2021RentedNew contract
AED 72,000/yr12 months · AED 54 per sqft
8 Nov 2019RentedNew contract
AED 105,000/yr12 months · AED 79 per sqft
9 Sep 2018RentedNew contract
AED 110,000/yr12 months · AED 83 per sqft
30 May 2017RentedNew contract
AED 120,000/yr12 months · AED 90 per sqft

Source: Dubai Land Department. Updated 9 May 2024.

Key facts

Type
1-bed apartment
Size
1,329 sqft
Parking
B2-772
Developer
Business Bay
Completed
2014
Service charge
AED 29,200 /yr
Last sold
AED 1.69M · May 2024
Building
Bay Square 9

About P08, Bay Square 9

P08 is a one-bedroom apartment of 1,329 sqft of Bay Square 9, a 8-storey tower in Business Bay completed in 2014 by Business Bay. It last sold on 9 May 2024 for AED 1,692,498, or AED 1,273 per sqft, in line with the AED 1,278 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, signed on 10 October 2023, is AED 72,038 a year: a gross yield of 4.3% on the 2024 price, before the service charge of about AED 29,200 a year.

Sales and rents for P08 over time

Sales
Unit P08, each saleTypical one-bed in Bay Square 9
1.4M1.6M20152018202120242027Typical sale price by year: 2015 AED 1,373,478; 2023 AED 1,550,000; 2024 AED 1,512,881; 2025 AED 1,630,000; 2026 AED 1,700,000Sold by developer, January 2015: AED 1,607,715 (AED 1,209 per sqft)Sold, May 2024: AED 1,692,498 (AED 1,273 per sqft)

P08 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit P08, each contractTypical one-bed in Bay Square 9
75K100K125K2016201920222025Typical rent by year: 2016 AED 110,000; 2017 AED 110,000; 2018 AED 105,000; 2019 AED 100,000; 2020 AED 80,000; 2021 AED 66,000; 2022 AED 69,300; 2023 AED 69,603; 2024 AED 116,500; 2025 AED 120,000; 2026 AED 111,902New contract, May 2017: AED 120,000 a yearNew contract, September 2018: AED 110,000 a yearNew contract, November 2019: AED 105,000 a yearNew contract, September 2021: AED 72,000 a yearNew contract, October 2021: AED 72,000 a yearNew contract, October 2022: AED 72,000 a yearNew contract, October 2023: AED 72,038 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Bay Square 9, and where P08 sits

All 59 1-beds →

P08 last sold in May 2024 at AED 1,273 per sqft, in line with what one-beds in Bay Square 9 were fetching at the time (AED 1,278). Over the last 12 months one-beds sold for AED 1,235,000 to 2,000,000, around AED 1,430 per sqft, and rent for AED 90,000 to 220,000 a year. P08's AED 72,038 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
28 Oct 20261,235,000
21 Sep 20261,392,472
21 Sep 20261,391,947
21 Sep 20261,479,503
15 1-bed 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 →

P08, Bay Square 9 in numbers

  • Sold twice: first on 14 January 2015 for AED 1,607,715, last on 9 May 2024 for AED 1,692,498 (AED 1,273 per sqft).
  • Rented since May 2017 on 7 Ejari contracts, from AED 120,000 to AED 72,038 a year.
  • At AED 72,038 a year the gross yield on the 2024 price is 4.3%, before a service charge of about AED 29,200 a year (AED 22.00 per sqft).
  • One-beds in Bay Square 9 sold for AED 1,235,000–2,000,000 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 9 May 2024.

Questions about P08, Bay Square 9

What did unit P08 last sell for?

AED 1,692,498 on 9 May 2024: AED 1,273 per sqft for 1,329 sqft. The unit has 2 registered sales; the first was AED 1,607,715 in January 2015.

What is the rent for unit P08?

AED 72,038 a year on the contract signed on 10 October 2023. The previous contract, from October 2022, was AED 72,000; the unit has been rented since May 2017.

How big is unit P08?

1,329 sqft (123.5 sqm): a one-bedroom apartment of a 8-storey tower completed in 2014.

What is unit P08 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Bay Square 9 sold for AED 1,235,000 to 2,000,000 in the last 12 months, around AED 1,430 per sqft.

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Mortgage on P08, Bay Square 9

Starts from the last sale price (AED 1.69M, 9 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,692,498
Deposit, UAE resident (20%)
AED 338,500
Deposit, non-resident (40%)
AED 676,999
Monthly over 25 years at 3.7%
AED 6,925

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