2-bed · 1,385 sqftBays Edge, Business Bay · 5th floor · completed 2016

506, Bays Edge

Sold prices and rental history: sold once, by the developer in December 2013, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 506 · DLD and Ejari recordsUpdated 19 December 2013
Last soldAED 2.51M19 December 2013
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 506, Bays Edge

What is 506 worth today?

Last sold for AED 2,506,000 in 2013

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19 Dec 2013Sold by developerOff-plan
AED 2,506,000AED 1,809 per sqft

Source: Dubai Land Department. Updated 19 December 2013.

Key facts

Type
2-bed hotel apartment
Size
1,385 sqft
Floor
5th of 22
Parking
P1-16
Developer
DAMAC
Completed
2016
Last sold
AED 2.51M · December 2013
Building
Bays Edge

About 506, Bays Edge

506 is a two-bedroom hotel apartment of 1,385 sqft on the 5th 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 2,506,000, or AED 1,809 per sqft, 9% above the AED 1,666 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 506 over time

Sales
Unit 506, each saleTypical two-bed in Bays Edge
2M3M2013201720212025Typical 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, December 2013: AED 2,506,000 (AED 1,809 per sqft)

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

Rents
Unit 506, 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 130,000

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 506 sits

All 62 2-beds →

506 last sold in December 2013 at AED 1,809 per sqft, 9% above what two-beds in Bays Edge were fetching at the time (AED 1,666). 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.

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 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
5072-bedAED 2.09M · Jul 2013
5081-bedAED 1.13M · Oct 2023
1–7 of 14

506, Bays Edge in numbers

  • Sold once: by DAMAC on 19 December 2013 for AED 2,506,000, or AED 1,809 per sqft.
  • 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 19 December 2013.

Questions about 506, Bays Edge

What did unit 506 last sell for?

AED 2,506,000 on 19 December 2013, sold by the developer: AED 1,809 per sqft for 1,385 sqft. It is the only registered sale of the unit.

How big is unit 506?

1,385 sqft (128.7 sqm): a two-bedroom hotel apartment on the 5th floor of a 22-storey tower completed in 2016.

What is unit 506 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 506, Bays Edge

Starts from the last sale price (AED 2.51M, 19 December 2013). Switch to today's estimate once you have unlocked it.
Price
AED 2,506,000
Deposit, UAE resident (20%)
AED 501,200
Deposit, non-resident (40%)
AED 1,002,400
Monthly over 25 years at 3.7%
AED 10,253

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