508, Bays Edge
Sold prices and rental history: sold 3 times, last in October 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Bays Edge
What is 508 worth today?
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Source: Dubai Land Department. Updated 8 September 2024.
Key facts
- Type
- 1-bed hotel apartment
- Size
- 860 sqft
- Floor
- 5th of 22
- Parking
- P1-19
- Developer
- DAMAC
- Completed
- 2016
- Last sold
- AED 1.13M · October 2023
- Building
- Bays Edge
About 508, Bays Edge
508 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 19 October 2023 for AED 1,125,000, or AED 1,307 per sqft, in line with the AED 1,335 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 8 Ejari contracts. The current contract, renewed on 8 September 2024, is AED 95,000 a year: a gross yield of 8.4% on the 2023 price.
Sales and rents for 508 over time
508 has sold 3 times; the dashed line is the one-bed median of each year in the building.
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 508 sits
All 108 1-beds →508 last sold in October 2023 at AED 1,307 per sqft, in line with what one-beds in Bays Edge were fetching at the time (AED 1,335). 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. 508's AED 95,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Feb 202620 February 2026 | 855 sqft | 1,200,000 | 1,402 | ||
| 12 Jan 202612 January 2026 | 855 sqft | 2,000,000 | 2,338 | ||
| 6 Jan 20266 January 2026 | 845 sqft | 1,120,000 | 1,326 | ||
| 12 Dec 202512 December 2025 | 847 sqft | 1,420,000 | 1,676 |
Bays Edge
Building253 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%
Other units on the 5th floor
All 253 units in Bays Edge| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 845 sqft | AED 1.12MAED 1,120,000 · Jan 2026January 2026 | 84,000 /yr | |
| 502 | Studio | 425 sqft | AED 675KAED 675,000 · Nov 2023November 2023 | 53,000 /yr | |
| 503 | 1-bed | 855 sqft | AED 1.54MAED 1,540,000 · Jun 2017June 2017 | 115,000 /yr | |
| 504 | 2-bed | 1,254 sqft | AED 2.09MAED 2,090,200 · Jul 2013July 2013 | 124,800 /yr | |
| 505 | 1-bed | 874 sqft | AED 1.7MAED 1,700,000 · Mar 2017March 2017 | 75,000 /yr | |
| 506 | 2-bed | 1,385 sqft | AED 2.51MAED 2,506,000 · Dec 2013December 2013 | ||
| 507 | 2-bed | 1,254 sqft | AED 2.09MAED 2,090,200 · Jul 2013July 2013 | 135,000 /yr | |
| 509 | Studio | 426 sqft | AED 1.04MAED 1,044,480 · Jul 2026July 2026 | ||
| 510 | Studio | 426 sqft | AED 880KAED 880,000 · Sep 2024September 2024 | 55,000 /yr | |
| 511 | Studio | 425 sqft | AED 755KAED 755,300 · Jul 2013July 2013 | 63,000 /yr | |
| 512 | 1-bed | 860 sqft | AED 1.82MAED 1,820,000 · Jan 2015January 2015 | 76,113 /yr | |
| 503A | 1-bed | 860 sqft | AED 970KAED 970,000 · Nov 2022November 2022 | 70,000 /yr | |
| 505A | 2-bed | 1,385 sqft | AED 2.05MAED 2,054,000 · Nov 2016November 2016 | 155,000 /yr | |
| 506a | 1-bed | 847 sqft | AED 1.85MAED 1,852,500 · Mar 2014March 2014 | 76,000 /yr |
508, Bays Edge in numbers
- Sold 3 times: first on 14 July 2013 for AED 1,435,700, last on 19 October 2023 for AED 1,125,000 (AED 1,307 per sqft).
- Rented since June 2017 on 8 Ejari contracts. The rent fell from AED 100,000 to AED 60,000 in 2021 and recovered to AED 95,000 by September 2024.
- At AED 95,000 a year the gross yield on the 2023 price is 8.4%.
- 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 8 September 2024.
Questions about 508, Bays Edge
What did unit 508 last sell for?
AED 1,125,000 on 19 October 2023: AED 1,307 per sqft for 860 sqft. The unit has 3 registered sales; the first was AED 1,435,700 in July 2013.
What is the rent for unit 508?
AED 95,000 a year on the contract renewed on 8 September 2024. The previous contract, from March 2024, was AED 95,000; the unit has been rented since June 2017.
How big is unit 508?
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 508 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 508, Bays Edge
Starts from the last sale price (AED 1.13M, 19 October 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,125,000
- Deposit, UAE resident (20%)
- AED 225,000
- Deposit, non-resident (40%)
- AED 450,000
- Monthly over 25 years at 3.7%
- AED 4,603
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →