2-bed · 1,254 sqftBays Edge, Business Bay · 13th floor · completed 2016

1308, Bays Edge

Sold prices and rental history: sold 3 times, last in September 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1308 · DLD and Ejari recordsUpdated 12 September 2024
Last soldAED 1.85M12 September 2024
Current rentAED 110K /yr10 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1308, Bays Edge

What is 1308 worth today?

Last sold for AED 1,850,000 in 2024

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12 Sep 2024SoldReady
AED 1,850,000AED 1,474 per sqft
10 Aug 2022RentedNew contract
AED 110,000/yr12 months · AED 88 per sqft
25 Mar 2021RentedNew contract
AED 95,000/yr12 months · AED 75 per sqft
29 Mar 2018SoldReady
AED 1,050,000AED 837 per sqft
11 Jul 2013Sold by developerOff-plan
AED 2,090,200AED 1,666 per sqft

Source: Dubai Land Department. Updated 12 September 2024.

Key facts

Type
2-bed hotel apartment
Size
1,254 sqft
Floor
13th of 22
Parking
P2-59
Developer
DAMAC
Completed
2016
Last sold
AED 1.85M · September 2024
Building
Bays Edge

About 1308, Bays Edge

1308 is a two-bedroom hotel apartment of 1,254 sqft on the 13th floor of Bays Edge, a 22-storey tower in Business Bay completed in 2016 by DAMAC. It last sold on 12 September 2024 for AED 1,850,000, or AED 1,474 per sqft, in line with the AED 1,474 two-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 10 August 2022, is AED 110,000 a year: a gross yield of 5.9% on the 2024 price.

Sales and rents for 1308 over time

Sales
Unit 1308, each saleTypical two-bed in Bays Edge
1M2M3M2013201720212025Typical sale price by year: 2013 AED 2,090,200; 2014 AED 2,562,200; 2016 AED 2,849,680; 2017 AED 2,771,000; 2019 AED 1,460,000; 2022 AED 1,450,000; 2023 AED 1,850,000; 2025 AED 1,909,500Sold by developer, July 2013: AED 2,090,200 (AED 1,666 per sqft)Sold, March 2018: AED 1,050,000 (AED 837 per sqft)Sold, September 2024: AED 1,850,000 (AED 1,474 per sqft)

1308 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1308, each contractTypical two-bed in Bays Edge
100K125K2017202020232026Typical rent by year: 2017 AED 132,200; 2018 AED 115,000; 2019 AED 110,000; 2020 AED 85,000; 2021 AED 90,000; 2022 AED 113,000; 2023 AED 130,000; 2024 AED 134,125; 2025 AED 140,000; 2026 AED 130,000New contract, March 2021: AED 95,000 a yearNew contract, August 2022: AED 110,000 a year

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

2-beds in Bays Edge, and where 1308 sits

All 62 2-beds →

1308 last sold in September 2024 at AED 1,474 per sqft, in line with what two-beds in Bays Edge were fetching at the time (AED 1,474). Over the last 12 months two-beds sold for AED 1,815,000, around AED 1,446 per sqft, and rent for AED 100,000 to 195,000 a year. 1308's AED 110,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
24 Mar 20261,815,000
11 Sep 20251,800,000
20 Jun 20251,800,000
21 Apr 20252,050,000
1 2-bed sale 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
13011-bedAED 1.23M · May 2024
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
1–7 of 13

1308, Bays Edge in numbers

  • Sold 3 times: first on 11 July 2013 for AED 2,090,200, last on 12 September 2024 for AED 1,850,000 (AED 1,474 per sqft).
  • Rented since March 2021 on 2 Ejari contracts, from AED 95,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2024 price is 5.9%.
  • Two-beds in Bays Edge sold for AED 1,815,000–1,815,000 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 12 September 2024.

Questions about 1308, Bays Edge

What did unit 1308 last sell for?

AED 1,850,000 on 12 September 2024: AED 1,474 per sqft for 1,254 sqft. The unit has 3 registered sales; the first was AED 2,090,200 in July 2013.

What is the rent for unit 1308?

AED 110,000 a year on the contract signed on 10 August 2022. The previous contract, from March 2021, was AED 95,000.

How big is unit 1308?

1,254 sqft (116.5 sqm): a two-bedroom hotel apartment on the 13th floor of a 22-storey tower completed in 2016.

What is unit 1308 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Bays Edge sold for AED 1,815,000 to 1,815,000 in the last 12 months, around AED 1,446 per sqft.

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Mortgage on 1308, Bays Edge

Starts from the last sale price (AED 1.85M, 12 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,850,000
Deposit, UAE resident (20%)
AED 370,000
Deposit, non-resident (40%)
AED 740,000
Monthly over 25 years at 3.7%
AED 7,569

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