1-bed · 859 sqftBays Edge, Business Bay · 6th floor · completed 2016

608, Bays Edge

Sold prices and rental history: sold twice, 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.

Unit 608 · DLD and Ejari recordsUpdated 6 October 2023
Last soldAED 1.17M6 October 2023
Current rentAED 60K /yr19 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 608, Bays Edge

What is 608 worth today?

Last sold for AED 1,170,000 in 2023

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6 Oct 2023SoldReady
AED 1,170,000AED 1,362 per sqft
19 Feb 2022RentedRenewal
AED 60,000/yr12 months · AED 70 per sqft
19 Feb 2021RentedNew contract
AED 60,000/yr12 months · AED 70 per sqft
29 Jan 2020RentedRenewal
AED 80,000/yr12 months · AED 93 per sqft
29 Jan 2019RentedNew contract
AED 80,000/yr12 months · AED 93 per sqft
18 Sep 2017RentedNew contract
AED 90,000/yr12 months · AED 105 per sqft
14 Jul 2013Sold by developerOff-plan
AED 1,435,700AED 1,671 per sqft

Source: Dubai Land Department. Updated 6 October 2023.

Key facts

Type
1-bed hotel apartment
Size
859 sqft
Floor
6th of 22
Parking
P1-35
Developer
DAMAC
Completed
2016
Last sold
AED 1.17M · October 2023
Building
Bays Edge

About 608, Bays Edge

608 is a one-bedroom hotel apartment of 859 sqft on the 6th floor of Bays Edge, a 22-storey tower in Business Bay completed in 2016 by DAMAC. It last sold on 6 October 2023 for AED 1,170,000, or AED 1,362 per sqft, in line with the AED 1,362 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, renewed on 19 February 2022, is AED 60,000 a year: a gross yield of 5.1% on the 2023 price.

Sales and rents for 608 over time

Sales
Unit 608, 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, July 2013: AED 1,435,700 (AED 1,671 per sqft)Sold, October 2023: AED 1,170,000 (AED 1,362 per sqft)

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

Rents
Unit 608, 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, September 2017: AED 90,000 a yearNew contract, January 2019: AED 80,000 a yearRenewal, January 2020: AED 80,000 a yearNew contract, February 2021: AED 60,000 a yearRenewal, February 2022: AED 60,000 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 608 sits

All 108 1-beds →

608 last sold in October 2023 at AED 1,362 per sqft, in line with what one-beds in Bays Edge were fetching at the time (AED 1,362). 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. 608's AED 60,000 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 6th floor

All 253 units in Bays Edge
Value
6011-bedAED 1.79M · Nov 2015
602StudioAED 753K · Jul 2013
6033-bedAED 2.87M · Jul 2013
6042-bedAED 2.08M · Dec 2013
6051-bedAED 1.91M · Mar 2014
6062-bedAED 2.51M · Oct 2013
6072-bedAED 2.09M · Aug 2013
1–7 of 13

608, Bays Edge in numbers

  • Sold twice: first on 14 July 2013 for AED 1,435,700, last on 6 October 2023 for AED 1,170,000 (AED 1,362 per sqft).
  • Rented since September 2017 on 5 Ejari contracts, from AED 90,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2023 price is 5.1%.
  • 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 6 October 2023.

Questions about 608, Bays Edge

What did unit 608 last sell for?

AED 1,170,000 on 6 October 2023: AED 1,362 per sqft for 859 sqft. The unit has 2 registered sales; the first was AED 1,435,700 in July 2013.

What is the rent for unit 608?

AED 60,000 a year on the contract renewed on 19 February 2022. The previous contract, from February 2021, was AED 60,000; the unit has been rented since September 2017.

How big is unit 608?

859 sqft (79.8 sqm): a one-bedroom hotel apartment on the 6th floor of a 22-storey tower completed in 2016.

What is unit 608 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 608, Bays Edge

Starts from the last sale price (AED 1.17M, 6 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,170,000
Deposit, UAE resident (20%)
AED 234,000
Deposit, non-resident (40%)
AED 468,000
Monthly over 25 years at 3.7%
AED 4,787

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