1-bed · 860 sqftBays Edge, Business Bay · 17th floor · completed 2016

1709, Bays Edge

Sold prices and rental history: sold once, by the developer in December 2014, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1709 · DLD and Ejari recordsUpdated 20 September 2024
Last soldAED 1.48M27 December 2014
Current rentAED 90K /yr20 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1709, Bays Edge

What is 1709 worth today?

Last sold for AED 1,480,050 in 2014

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20 Sep 2024RentedNew contract
AED 90,000/yr12 months · AED 105 per sqft
5 Aug 2023RentedNew contract
AED 95,000/yr12 months · AED 110 per sqft
25 Jun 2022RentedRenewal
AED 60,000/yr12 months · AED 70 per sqft
25 Jun 2021RentedNew contract
AED 60,000/yr12 months · AED 70 per sqft
1 Mar 2021RentedNew contract
AED 60,000/yr12 months · AED 70 per sqft
15 Feb 2020RentedNew contract
AED 75,000/yr12 months · AED 87 per sqft
16 Jan 2019RentedNew contract
AED 85,000/yr12 months · AED 99 per sqft
27 Dec 2014Sold by developerOff-plan
AED 1,480,050AED 1,720 per sqft

Source: Dubai Land Department. Updated 20 September 2024.

Key facts

Type
1-bed hotel apartment
Size
860 sqft
Floor
17th of 22
Parking
P3-26
Developer
DAMAC
Completed
2016
Last sold
AED 1.48M · December 2014
Building
Bays Edge

About 1709, Bays Edge

1709 is a one-bedroom hotel apartment of 860 sqft on the 17th floor of Bays Edge, a 22-storey tower in Business Bay completed in 2016 by DAMAC. The developer sold it on 27 December 2014 for AED 1,480,050, or AED 1,720 per sqft, 16% below the AED 2,057 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, signed on 20 September 2024, is AED 90,000 a year: a gross yield of 6.1% on the 2014 price.

Sales and rents for 1709 over time

Sales
Unit 1709, 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 2014: AED 1,480,050 (AED 1,720 per sqft)

1709 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1709, 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, January 2019: AED 85,000 a yearNew contract, February 2020: AED 75,000 a yearNew contract, March 2021: AED 60,000 a yearNew contract, June 2021: AED 60,000 a yearRenewal, June 2022: AED 60,000 a yearNew contract, August 2023: AED 95,000 a yearNew contract, September 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 1709 sits

All 108 1-beds →

1709 last sold in December 2014 at AED 1,720 per sqft, 16% below what one-beds in Bays Edge were fetching at the time (AED 2,057). 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. 1709'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 17th floor

All 253 units in Bays Edge
Value
17011-bedAED 1.81M · Apr 2014
1702StudioAED 815K · May 2017
17031-bedAED 1.75M · Apr 2014
17041-bedAED 1.48M · Apr 2014
17052-bedAED 2.96M · Oct 2014
17063-bedAED 3.99M · Dec 2013
17073-bedAED 4M · Oct 2013
1–7 of 12

1709, Bays Edge in numbers

  • Sold once: by DAMAC on 27 December 2014 for AED 1,480,050, or AED 1,720 per sqft.
  • Rented since January 2019 on 7 Ejari contracts. The rent fell from AED 85,000 to AED 60,000 in 2022 and recovered to AED 90,000 by September 2024.
  • At AED 90,000 a year the gross yield on the 2014 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 20 September 2024.

Questions about 1709, Bays Edge

What did unit 1709 last sell for?

AED 1,480,050 on 27 December 2014, sold by the developer: AED 1,720 per sqft for 860 sqft. It is the only registered sale of the unit.

What is the rent for unit 1709?

AED 90,000 a year on the contract signed on 20 September 2024. The previous contract, from August 2023, was AED 95,000; the unit has been rented since January 2019.

How big is unit 1709?

860 sqft (79.9 sqm): a one-bedroom hotel apartment on the 17th floor of a 22-storey tower completed in 2016.

What is unit 1709 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 1709, Bays Edge

Starts from the last sale price (AED 1.48M, 27 December 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,480,050
Deposit, UAE resident (20%)
AED 296,010
Deposit, non-resident (40%)
AED 592,020
Monthly over 25 years at 3.7%
AED 6,055

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