1-bed · 844 sqftBays Edge, Business Bay · 12th floor · completed 2016

1201, Bays Edge

Sold prices and rental history: sold once, by the developer in July 2013, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1201 · DLD and Ejari recordsUpdated 26 August 2024
Last soldAED 1.43M11 July 2013
Current rentAED 90K /yr26 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1201, Bays Edge

What is 1201 worth today?

Last sold for AED 1,432,200 in 2013

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26 Aug 2024RentedRenewal
AED 90,000/yr12 months · AED 107 per sqft
26 Aug 2023RentedNew contract
AED 85,000/yr12 months · AED 101 per sqft
16 Jul 2022RentedNew contract
AED 75,000/yr12 months · AED 89 per sqft
1 Aug 2021RentedRenewal
AED 55,000/yr6 months · AED 66 per sqft
1 Feb 2021RentedRenewal
AED 50,000/yr6 months · AED 60 per sqft
1 Feb 2020RentedNew contract
AED 70,000/yr12 months · AED 83 per sqft
1 Jul 2019RentedNew contract
AED 65,000/yr6 months · AED 77 per sqft
1 May 2018RentedRenewal
AED 87,000/yr12 months · AED 104 per sqft

Source: Dubai Land Department. Updated 26 August 2024.

Key facts

Type
1-bed hotel apartment
Size
844 sqft
Floor
12th of 22
Parking
P2-37
Developer
DAMAC
Completed
2016
Last sold
AED 1.43M · July 2013
Building
Bays Edge

About 1201, Bays Edge

1201 is a one-bedroom hotel apartment of 844 sqft on the 12th floor of Bays Edge, a 22-storey tower in Business Bay completed in 2016 by DAMAC. The developer sold it on 11 July 2013 for AED 1,432,200, or AED 1,696 per sqft, in line with the AED 1,674 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 9 Ejari contracts. The current contract, renewed on 26 August 2024, is AED 90,000 a year: a gross yield of 6.3% on the 2013 price.

Sales and rents for 1201 over time

Sales
Unit 1201, each saleTypical one-bed in Bays Edge
1M1.5M2013201720212025Typical sale price by year: 2013 AED 1,456,000; 2014 AED 1,759,960; 2015 AED 1,790,000; 2016 AED 1,367,850; 2017 AED 1,544,000; 2018 AED 1,095,000; 2019 AED 1,000,000; 2021 AED 860,000; 2022 AED 1,050,000; 2023 AED 1,200,000; 2024 AED 1,237,500; 2025 AED 1,450,000; 2026 AED 1,200,000Sold by developer, July 2013: AED 1,432,200 (AED 1,696 per sqft)

1201 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1201, each contractTypical one-bed in Bays Edge
50K75K100K2017202020232026Typical rent by year: 2017 AED 95,000; 2018 AED 85,000; 2019 AED 75,000; 2020 AED 70,000; 2021 AED 60,000; 2022 AED 75,000; 2023 AED 85,000; 2024 AED 90,000; 2025 AED 91,226; 2026 AED 80,000New contract, May 2017: AED 90,000 a yearRenewal, May 2018: AED 87,000 a yearNew contract, July 2019: AED 65,000 a yearNew contract, February 2020: AED 70,000 a yearRenewal, February 2021: AED 50,000 a yearRenewal, August 2021: AED 55,000 a yearNew contract, July 2022: AED 75,000 a yearNew contract, August 2023: AED 85,000 a yearRenewal, August 2024: AED 90,000 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 Bays Edge, and where 1201 sits

All 108 1-beds →

1201 last sold in July 2013 at AED 1,696 per sqft, in line with what one-beds in Bays Edge were fetching at the time (AED 1,674). Over the last 12 months one-beds sold for AED 434,000 to 2,000,000, around AED 1,539 per sqft, and rent for AED 50,000 to 110,000 a year. 1201's AED 90,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
20 Feb 20261,200,000
12 Jan 20262,000,000
6 Jan 20261,120,000
12 Dec 20251,420,000
6 1-bed sales in the last 12 months

Bays Edge

Building

253 apartments, studios to 3-bed over 22 floors in Business Bay, completed in 2016 by DAMAC. 10 sold in the last 12 months.

Typical price per sqft
AED 1,711 Up 2.3%
Typical sale
AED 1.16M
Typical rent
AED 80K /yr
Typical yield
6.5%
Bays Edge, Business Bay: prices, sales and rents →

Other units on the 12th floor

All 253 units in Bays Edge
Value
1202StudioAED 732K · Jul 2013
12031-bedAED 1.27M · Mar 2024
12041-bedAED 1.55M · Jun 2017
12052-bedAED 2.09M · Jul 2013
12061-bedAED 950K · Jul 2019
12073-bedAED 3.94M · Nov 2013
12082-bedAED 2.02M · Jan 2025
1–7 of 13

1201, Bays Edge in numbers

  • Sold once: by DAMAC on 11 July 2013 for AED 1,432,200, or AED 1,696 per sqft.
  • Rented since May 2017 on 9 Ejari contracts. The rent fell from AED 90,000 to AED 50,000 in 2021 and recovered to AED 90,000 by August 2024.
  • At AED 90,000 a year the gross yield on the 2013 price is 6.3%.
  • One-beds in Bays Edge sold for AED 434,000–2,000,000 in the 12 months to November 2026; the building's median across all types is AED 1,711 per sqft.

Source: Dubai Land Department. Updated 26 August 2024.

Questions about 1201, Bays Edge

What did unit 1201 last sell for?

AED 1,432,200 on 11 July 2013, sold by the developer: AED 1,696 per sqft for 844 sqft. It is the only registered sale of the unit.

What is the rent for unit 1201?

AED 90,000 a year on the contract renewed on 26 August 2024. The previous contract, from August 2023, was AED 85,000; the unit has been rented since May 2017.

How big is unit 1201?

844 sqft (78.4 sqm): a one-bedroom hotel apartment on the 12th floor of a 22-storey tower completed in 2016.

What is unit 1201 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Bays Edge sold for AED 434,000 to 2,000,000 in the last 12 months, around AED 1,539 per sqft.

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Mortgage on 1201, Bays Edge

Starts from the last sale price (AED 1.43M, 11 July 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,432,200
Deposit, UAE resident (20%)
AED 286,440
Deposit, non-resident (40%)
AED 572,880
Monthly over 25 years at 3.7%
AED 5,860

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