1-bed · 1,296 sqftBay Square 9, Business Bay · completed 2014

P13, 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 P13 · DLD and Ejari recordsUpdated 17 September 2024
Last soldAED 1.59M15 July 2024
Current rentAED 110K /yr17 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for P13, Bay Square 9

What is P13 worth today?

Last sold for AED 1,594,240 in 2024

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17 Sep 2024RentedNew contract
AED 110,000/yr12 months · AED 85 per sqft
15 Jul 2024SoldReady
AED 1,594,240AED 1,229 per sqft
15 Nov 2023RentedNew contract
AED 70,208/yr2 months · AED 54 per sqft
15 Nov 2022RentedNew contract
AED 72,000/yr12 months · AED 56 per sqft
15 Nov 2021RentedNew contract
AED 72,000/yr12 months · AED 56 per sqft
7 Jul 2018RentedNew contract
AED 105,000/yr12 months · AED 81 per sqft
1 Mar 2016RentedNew contract
AED 125,000/yr12 months · AED 96 per sqft
14 Jan 2015Sold by developerReady
AED 1,567,492AED 1,209 per sqft

Source: Dubai Land Department. Updated 17 September 2024.

Key facts

Type
1-bed apartment
Size
1,296 sqft
Parking
B2-767
Developer
Business Bay
Completed
2014
Service charge
AED 28,500 /yr
Last sold
AED 1.59M · July 2024
Building
Bay Square 9

About P13, Bay Square 9

P13 is a one-bedroom apartment of 1,296 sqft 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 1,594,240, or AED 1,229 per sqft, 3% below the AED 1,273 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, signed on 17 September 2024, is AED 110,000 a year: a gross yield of 6.9% on the 2024 price, before the service charge of about AED 28,500 a year.

Sales and rents for P13 over time

Sales
Unit P13, 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 1,567,492 (AED 1,209 per sqft)Sold, July 2024: AED 1,594,240 (AED 1,229 per sqft)

P13 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit P13, each contractTypical one-bed in Bay Square 9
100K2016201920222025Typical 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, March 2016: AED 125,000 a yearNew contract, July 2018: AED 105,000 a yearNew contract, November 2021: AED 72,000 a yearNew contract, November 2022: AED 72,000 a yearNew contract, November 2023: AED 70,208 a yearNew contract, September 2024: AED 110,000 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 P13 sits

All 59 1-beds →

P13 last sold in July 2024 at AED 1,229 per sqft, 3% below what one-beds in Bay Square 9 were fetching at the time (AED 1,273). 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. P13's AED 110,000 is in the lower half 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 →

P13, Bay Square 9 in numbers

  • Sold twice: first on 14 January 2015 for AED 1,567,492, last on 15 July 2024 for AED 1,594,240 (AED 1,229 per sqft).
  • Rented since March 2016 on 6 Ejari contracts. The rent fell from AED 125,000 to AED 70,208 in 2023 and recovered to AED 110,000 by September 2024.
  • At AED 110,000 a year the gross yield on the 2024 price is 6.9%, before a service charge of about AED 28,500 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 17 September 2024.

Questions about P13, Bay Square 9

What did unit P13 last sell for?

AED 1,594,240 on 15 July 2024: AED 1,229 per sqft for 1,296 sqft. The unit has 2 registered sales; the first was AED 1,567,492 in January 2015.

What is the rent for unit P13?

AED 110,000 a year on the contract signed on 17 September 2024. The previous contract, from November 2023, was AED 70,208; the unit has been rented since March 2016.

How big is unit P13?

1,296 sqft (120.4 sqm): a one-bedroom apartment of a 8-storey tower completed in 2014.

What is unit P13 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 P13, Bay Square 9

Starts from the last sale price (AED 1.59M, 15 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,594,240
Deposit, UAE resident (20%)
AED 318,848
Deposit, non-resident (40%)
AED 637,696
Monthly over 25 years at 3.7%
AED 6,523

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