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1-bed · 874 sqftBays Edge, Business Bay · 5th floor · completed 2016

505, Bays Edge

Sold prices and rental history: sold twice, last in March 2017, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 12 April 2022
Last soldAED 1.7M19 March 2017
Current rentAED 75K /yr12 April 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, Bays Edge

What is 505 worth today?

Last sold for AED 1,700,000 in 2017

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12 Apr 2022RentedNew contract
AED 75,000/yr24 months · AED 86 per sqft
3 Jan 2019RentedNew contract
AED 80,000/yr12 months · AED 92 per sqft
1 Dec 2017RentedNew contract
AED 108,000/yr6 months · AED 124 per sqft
19 Mar 2017SoldReady
AED 1,700,000AED 1,945 per sqft
4 May 2014Sold by developerOff-plan
AED 2,100,000AED 2,403 per sqft

Source: Dubai Land Department. Updated 12 April 2022.

Key facts

Type
1-bed hotel apartment
Size
874 sqft
Floor
5th of 22
Parking
P1-14
Developer
DAMAC
Completed
2016
Last sold
AED 1.7M · March 2017
Building
Bays Edge

About 505, Bays Edge

505 is a one-bedroom hotel apartment of 874 sqft on the 5th floor of Bays Edge, a 22-storey tower in Business Bay completed in 2016 by DAMAC. It last sold on 19 March 2017 for AED 1,700,000, or AED 1,945 per sqft, 10% above the AED 1,772 one-beds in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, signed on 12 April 2022, is AED 75,000 a year: a gross yield of 4.4% on the 2017 price.

Sales and rents for 505 over time

Sales
Unit 505, each saleTypical one-bed in Bays Edge
1M2M2013201720212025Typical 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, May 2014: AED 2,100,000 (AED 2,403 per sqft)Sold, March 2017: AED 1,700,000 (AED 1,945 per sqft)

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

Rents
Unit 505, 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, December 2017: AED 108,000 a yearNew contract, January 2019: AED 80,000 a yearNew contract, April 2022: 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 505 sits

All 108 1-beds →

505 last sold in March 2017 at AED 1,945 per sqft, 10% above what one-beds in Bays Edge were fetching at the time (AED 1,772). 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. 505'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 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
5062-bedAED 2.51M · Dec 2013
5072-bedAED 2.09M · Jul 2013
5081-bedAED 1.13M · Oct 2023
1–7 of 14

505, Bays Edge in numbers

  • Sold twice: first on 4 May 2014 for AED 2,100,000, last on 19 March 2017 for AED 1,700,000 (AED 1,945 per sqft).
  • Rented since December 2017 on 3 Ejari contracts, from AED 108,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2017 price is 4.4%.
  • 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 April 2022.

Questions about 505, Bays Edge

What did unit 505 last sell for?

AED 1,700,000 on 19 March 2017: AED 1,945 per sqft for 874 sqft. The unit has 2 registered sales; the first was AED 2,100,000 in May 2014.

What is the rent for unit 505?

AED 75,000 a year on the contract signed on 12 April 2022. The previous contract, from January 2019, was AED 80,000; the unit has been rented since December 2017.

How big is unit 505?

874 sqft (81.2 sqm): a one-bedroom hotel apartment on the 5th floor of a 22-storey tower completed in 2016.

What is unit 505 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 505, Bays Edge

Starts from the last sale price (AED 1.7M, 19 March 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,700,000
Deposit, UAE resident (20%)
AED 340,000
Deposit, non-resident (40%)
AED 680,000
Monthly over 25 years at 3.7%
AED 6,955

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