1-bed · 860 sqftBays Edge, Business Bay · 13th floor · completed 2016

1309, Bays Edge

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

Unit 1309 · DLD and Ejari recordsUpdated 12 January 2024
Last soldAED 1.61M19 December 2013
Current rentAED 90K /yr12 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1309, Bays Edge

What is 1309 worth today?

Last sold for AED 1,611,000 in 2013

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12 Jan 2024RentedRenewal
AED 90,000/yr12 months · AED 105 per sqft
12 Jan 2023RentedNew contract
AED 85,000/yr12 months · AED 99 per sqft
28 Dec 2021RentedNew contract
AED 85,000/yr12 months · AED 99 per sqft
19 Oct 2020RentedRenewal
AED 60,000/yr12 months · AED 70 per sqft
19 Oct 2019RentedRenewal
AED 70,000/yr12 months · AED 81 per sqft
19 Oct 2018RentedRenewal
AED 77,000/yr12 months · AED 89 per sqft
19 Oct 2017RentedNew contract
AED 85,000/yr12 months · AED 99 per sqft
19 Dec 2013Sold by developerOff-plan
AED 1,611,000AED 1,873 per sqft

Source: Dubai Land Department. Updated 12 January 2024.

Key facts

Type
1-bed hotel apartment
Size
860 sqft
Floor
13th of 22
Parking
P2-60
Developer
DAMAC
Completed
2016
Last sold
AED 1.61M · December 2013
Building
Bays Edge

About 1309, Bays Edge

1309 is a one-bedroom hotel apartment of 860 sqft on the 13th floor of Bays Edge, a 22-storey tower in Business Bay completed in 2016 by DAMAC. The developer sold it on 19 December 2013 for AED 1,611,000, or AED 1,873 per sqft, 9% above the AED 1,717 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 12 January 2024, is AED 90,000 a year: a gross yield of 5.6% on the 2013 price.

Sales and rents for 1309 over time

Sales
Unit 1309, 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, December 2013: AED 1,611,000 (AED 1,873 per sqft)

1309 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1309, each contractTypical one-bed in Bays Edge
60K80K100K2017202020232026Typical 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, October 2017: AED 85,000 a yearRenewal, October 2018: AED 77,000 a yearRenewal, October 2019: AED 70,000 a yearRenewal, October 2020: AED 60,000 a yearNew contract, December 2021: AED 85,000 a yearNew contract, January 2023: AED 85,000 a yearRenewal, January 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 1309 sits

All 108 1-beds →

1309 last sold in December 2013 at AED 1,873 per sqft, 9% above what one-beds in Bays Edge were fetching at the time (AED 1,717). 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. 1309'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 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

1309, Bays Edge in numbers

  • Sold once: by DAMAC on 19 December 2013 for AED 1,611,000, or AED 1,873 per sqft.
  • Rented since October 2017 on 7 Ejari contracts. The rent fell from AED 85,000 to AED 60,000 in 2020 and recovered to AED 90,000 by January 2024.
  • At AED 90,000 a year the gross yield on the 2013 price is 5.6%.
  • 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 12 January 2024.

Questions about 1309, Bays Edge

What did unit 1309 last sell for?

AED 1,611,000 on 19 December 2013, sold by the developer: AED 1,873 per sqft for 860 sqft. It is the only registered sale of the unit.

What is the rent for unit 1309?

AED 90,000 a year on the contract renewed on 12 January 2024. The previous contract, from January 2023, was AED 85,000; the unit has been rented since October 2017.

How big is unit 1309?

860 sqft (79.9 sqm): a one-bedroom hotel apartment on the 13th floor of a 22-storey tower completed in 2016.

What is unit 1309 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 1309, Bays Edge

Starts from the last sale price (AED 1.61M, 19 December 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,611,000
Deposit, UAE resident (20%)
AED 322,200
Deposit, non-resident (40%)
AED 644,400
Monthly over 25 years at 3.7%
AED 6,591

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