P16, Bay Square 9
Sold prices and rental history: sold twice, last in February 2025, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for P16, Bay Square 9
What is P16 worth today?
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Source: Dubai Land Department. Updated 25 August 2025.
Key facts
- Type
- Studio apartment
- Size
- 818 sqft
- Parking
- B2-578
- Developer
- Business Bay
- Completed
- 2014
- Service charge
- AED 18,000 /yr
- Last sold
- AED 971K · February 2025
- Building
- Bay Square 9
About P16, Bay Square 9
P16 is a studio of 818 sqft of Bay Square 9, a 8-storey tower in Business Bay completed in 2014 by Business Bay. It last sold on 25 February 2025 for AED 971,250, or AED 1,186 per sqft, 10% below the AED 1,322 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 25 August 2025, is AED 125,000 a year: a gross yield of 12.9% on the 2025 price, before the service charge of about AED 18,000 a year.
Sales and rents for P16 over time
P16 has sold twice; the dashed line is the studio median of each year in the building.
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 P16 sits
All 112 studios →P16 last sold in February 2025 at AED 1,186 per sqft, 10% below what studios in Bay Square 9 were fetching at the time (AED 1,322). 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. P16's AED 125,000 is at the top of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Oct 202616 October 2026 | 667 sqft | 935,000 | 1,402 | ||
| 31 Aug 202631 August 2026 | 705 sqft | 1,065,000 | 1,511 | ||
| 25 Jun 202625 June 2026 | 705 sqft | 1,035,000 | 1,468 | ||
| 26 Feb 202626 February 2026 | 664 sqft | 1,030,000 | 1,552 |
Bay Square 9
Building152 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%
P16, Bay Square 9 in numbers
- Sold twice: first on 14 January 2015 for AED 988,999, last on 25 February 2025 for AED 971,250 (AED 1,186 per sqft).
- Rented since April 2016 on 6 Ejari contracts. The rent fell from AED 75,000 to AED 43,000 in 2021 and recovered to AED 125,000 by August 2025.
- At AED 125,000 a year the gross yield on the 2025 price is 12.9%, before a service charge of about AED 18,000 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 25 August 2025.
Questions about P16, Bay Square 9
What did unit P16 last sell for?
AED 971,250 on 25 February 2025: AED 1,186 per sqft for 818 sqft. The unit has 2 registered sales; the first was AED 988,999 in January 2015.
What is the rent for unit P16?
AED 125,000 a year on the contract signed on 25 August 2025. The previous contract, from September 2023, was AED 49,694; the unit has been rented since April 2016.
How big is unit P16?
818 sqft (76.0 sqm): a studio of a 8-storey tower completed in 2014.
What is unit P16 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 P16, Bay Square 9
Starts from the last sale price (AED 971K, 25 February 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 971,250
- Deposit, UAE resident (20%)
- AED 194,250
- Deposit, non-resident (40%)
- AED 388,500
- Monthly over 25 years at 3.7%
- AED 3,974
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →