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1-bed · 860 sqftBays Edge, Business Bay · 5th floor · completed 2016

503A, Bays Edge

Sold prices and rental history: sold 3 times, last in November 2022, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503A · DLD and Ejari recordsUpdated 7 November 2022
Last soldAED 970K7 November 2022
Current rentAED 70K /yr30 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 503A, Bays Edge

What is 503A worth today?

Last sold for AED 970,000 in 2022

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7 Nov 2022SoldReady
AED 970,000AED 1,127 per sqft
30 Jun 2022RentedNew contract
AED 70,000/yr12 months · AED 81 per sqft
9 Feb 2021RentedNew contract
AED 57,000/yr12 months · AED 66 per sqft
27 May 2019RentedNew contract
AED 79,000/yr12 months · AED 92 per sqft
13 Dec 2016SoldOff-plan
AED 1,737,880AED 2,020 per sqft
26 Mar 2014Sold by developerOff-plan
AED 1,737,880AED 2,020 per sqft

Source: Dubai Land Department. Updated 7 November 2022.

Key facts

Type
1-bed hotel apartment
Size
860 sqft
Floor
5th of 22
Parking
P1-12
Developer
DAMAC
Completed
2016
Last sold
AED 970K · November 2022
Building
Bays Edge

About 503A, Bays Edge

503A is a one-bedroom hotel apartment of 860 sqft on the 5th floor of Bays Edge, a 22-storey tower in Business Bay completed in 2016 by DAMAC. It last sold on 7 November 2022 for AED 970,000, or AED 1,127 per sqft, in line with the AED 1,148 one-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 30 June 2022, is AED 70,000 a year: a gross yield of 7.2% on the 2022 price.

Sales and rents for 503A over time

Sales
Unit 503A, 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, March 2014: AED 1,737,880 (AED 2,020 per sqft)Sold, December 2016: AED 1,737,880 (AED 2,020 per sqft)Sold, November 2022: AED 970,000 (AED 1,127 per sqft)

503A has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 503A, 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, May 2019: AED 79,000 a yearNew contract, February 2021: AED 57,000 a yearNew contract, June 2022: AED 70,000 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 503A sits

All 108 1-beds →

503A last sold in November 2022 at AED 1,127 per sqft, in line with what one-beds in Bays Edge were fetching at the time (AED 1,148). 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. 503A's AED 70,000 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 5th floor

All 253 units in Bays Edge
Value
5011-bedAED 1.12M · Jan 2026
502StudioAED 675K · Nov 2023
5031-bedAED 1.54M · Jun 2017
5042-bedAED 2.09M · Jul 2013
5051-bedAED 1.7M · Mar 2017
5062-bedAED 2.51M · Dec 2013
5072-bedAED 2.09M · Jul 2013
1–7 of 14

503A, Bays Edge in numbers

  • Sold 3 times: first on 26 March 2014 for AED 1,737,880, last on 7 November 2022 for AED 970,000 (AED 1,127 per sqft).
  • Rented since May 2019 on 3 Ejari contracts. The rent fell from AED 79,000 to AED 57,000 in 2021 and recovered to AED 70,000 by June 2022.
  • At AED 70,000 a year the gross yield on the 2022 price is 7.2%.
  • 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 7 November 2022.

Questions about 503A, Bays Edge

What did unit 503A last sell for?

AED 970,000 on 7 November 2022: AED 1,127 per sqft for 860 sqft. The unit has 3 registered sales; the first was AED 1,737,880 in March 2014.

What is the rent for unit 503A?

AED 70,000 a year on the contract signed on 30 June 2022. The previous contract, from February 2021, was AED 57,000; the unit has been rented since May 2019.

How big is unit 503A?

860 sqft (79.9 sqm): a one-bedroom hotel apartment on the 5th floor of a 22-storey tower completed in 2016.

What is unit 503A 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 503A, Bays Edge

Starts from the last sale price (AED 970K, 7 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 970,000
Deposit, UAE resident (20%)
AED 194,000
Deposit, non-resident (40%)
AED 388,000
Monthly over 25 years at 3.7%
AED 3,969

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