1-bed · 845 sqftBays Edge, Business Bay · 13th floor · completed 2016

1301, Bays Edge

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 1301 · DLD and Ejari recordsUpdated 22 May 2024
Last soldAED 1.23M22 May 2024
Current rentAED 75K /yr1 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1301, Bays Edge

What is 1301 worth today?

Last sold for AED 1,225,000 in 2024

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22 May 2024SoldReady
AED 1,225,000AED 1,450 per sqft
1 Oct 2023RentedRenewal
AED 75,000/yr12 months · AED 89 per sqft
1 Oct 2022RentedRenewal
AED 75,000/yr12 months · AED 89 per sqft
1 Oct 2021RentedRenewal
AED 60,000/yr12 months · AED 71 per sqft
1 Oct 2020RentedRenewal
AED 60,000/yr12 months · AED 71 per sqft
1 Oct 2019RentedRenewal
AED 75,000/yr12 months · AED 89 per sqft
1 Oct 2018RentedNew contract
AED 80,000/yr12 months · AED 95 per sqft
20 Mar 2017RentedNew contract
AED 110,000/yr12 months · AED 131 per sqft

Source: Dubai Land Department. Updated 22 May 2024.

Key facts

Type
1-bed hotel apartment
Size
845 sqft
Floor
13th of 22
Parking
P2-51
Developer
DAMAC
Completed
2016
Last sold
AED 1.23M · May 2024
Building
Bays Edge

About 1301, Bays Edge

1301 is a one-bedroom hotel apartment of 845 sqft on the 13th floor of Bays Edge, a 22-storey tower in Business Bay completed in 2016 by DAMAC. It last sold on 22 May 2024 for AED 1,225,000, or AED 1,450 per sqft, 4% above the AED 1,396 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, renewed on 1 October 2023, is AED 75,000 a year: a gross yield of 6.1% on the 2024 price.

Sales and rents for 1301 over time

Sales
Unit 1301, 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, June 2013: AED 1,432,200 (AED 1,695 per sqft)Sold, May 2024: AED 1,225,000 (AED 1,450 per sqft)

1301 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1301, each contractTypical one-bed in Bays Edge
75K100K2017202020232026Typical 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, March 2017: AED 110,000 a yearNew contract, October 2018: AED 80,000 a yearRenewal, October 2019: AED 75,000 a yearRenewal, October 2020: AED 60,000 a yearRenewal, October 2021: AED 60,000 a yearRenewal, October 2022: AED 75,000 a yearRenewal, October 2023: AED 75,000 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 1301 sits

All 108 1-beds →

1301 last sold in May 2024 at AED 1,450 per sqft, 4% above what one-beds in Bays Edge were fetching at the time (AED 1,396). 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. 1301's AED 75,000 is in the lower 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 13th floor

All 253 units in Bays Edge
Value
1302StudioAED 776K · Jul 2013
13031-bedAED 2M · Jan 2026
13041-bedAED 1.5M · Sep 2024
13052-bedAED 1.82M · Mar 2026
13063-bedAED 3.87M · Jun 2013
13072-bedAED 1.5M · Sep 2019
13082-bedAED 1.85M · Sep 2024
1–7 of 13

1301, Bays Edge in numbers

  • Sold twice: first on 26 June 2013 for AED 1,432,200, last on 22 May 2024 for AED 1,225,000 (AED 1,450 per sqft).
  • Rented since March 2017 on 7 Ejari contracts. The rent fell from AED 110,000 to AED 60,000 in 2021 and recovered to AED 75,000 by October 2023.
  • At AED 75,000 a year the gross yield on the 2024 price is 6.1%.
  • 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 22 May 2024.

Questions about 1301, Bays Edge

What did unit 1301 last sell for?

AED 1,225,000 on 22 May 2024: AED 1,450 per sqft for 845 sqft. The unit has 2 registered sales; the first was AED 1,432,200 in June 2013.

What is the rent for unit 1301?

AED 75,000 a year on the contract renewed on 1 October 2023. The previous contract, from October 2022, was AED 75,000; the unit has been rented since March 2017.

How big is unit 1301?

845 sqft (78.5 sqm): a one-bedroom hotel apartment on the 13th floor of a 22-storey tower completed in 2016.

What is unit 1301 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 1301, Bays Edge

Starts from the last sale price (AED 1.23M, 22 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,225,000
Deposit, UAE resident (20%)
AED 245,000
Deposit, non-resident (40%)
AED 490,000
Monthly over 25 years at 3.7%
AED 5,012

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