3-bed · 1,720 sqftBays Edge, Business Bay · 8th floor · completed 2016

803, Bays Edge

Sold prices and rental history: sold twice, last in September 2021, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 803 · DLD and Ejari recordsUpdated 27 September 2021
Last soldAED 1.5M27 September 2021
Current rentAED 130K /yr23 December 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 803, Bays Edge

What is 803 worth today?

Last sold for AED 1,500,000 in 2021

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27 Sep 2021SoldReady
AED 1,500,000AED 872 per sqft
23 Dec 2019RentedRenewal
AED 130,000/yr12 months · AED 75 per sqft
23 Dec 2018RentedNew contract
AED 130,000/yr12 months · AED 75 per sqft
30 Jul 2013Sold by developerOff-plan
AED 2,865,600AED 1,666 per sqft

Source: Dubai Land Department. Updated 27 September 2021.

Key facts

Type
3-bed hotel apartment
Size
1,720 sqft
Floor
8th of 22
Parking
P1-57
Developer
DAMAC
Completed
2016
Last sold
AED 1.5M · September 2021
Building
Bays Edge

About 803, Bays Edge

803 is a three-bedroom hotel apartment of 1,720 sqft on the 8th floor of Bays Edge, a 22-storey tower in Business Bay completed in 2016 by DAMAC. It last sold on 27 September 2021 for AED 1,500,000, or AED 872 per sqft.

It has been rented since 2018 on 2 Ejari contracts. The current contract, renewed on 23 December 2019, is AED 130,000 a year: a gross yield of 8.7% on the 2021 price.

Sales and rents for 803 over time

Rents
Unit 803, each contractTypical three-bed in Bays Edge
100K150K200K2018202120242027Typical rent by year: 2018 AED 140,000; 2019 AED 130,000; 2020 AED 112,500; 2021 AED 110,000; 2022 AED 150,000; 2023 AED 160,000; 2024 AED 200,000; 2025 AED 205,000; 2026 AED 192,500New contract, December 2018: AED 130,000 a yearRenewal, December 2019: AED 130,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Bays Edge, and where 803 sits

All 13 3-beds →

803's AED 130,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
9 Jul 20252,898,932
21 May 20243,400,000
6 Jul 20232,200,000
2 Jan 20232,920,000
0 3-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 8th floor

All 253 units in Bays Edge
Value
8011-bedAED 1.36M · Sep 2024
802StudioAED 842K · Dec 2013
8042-bedAED 2.05M · Aug 2024
8053-bedAED 3.4M · May 2024
8063-bedAED 4.24M · Apr 2016
8072-bedAED 2.09M · Jun 2013
8081-bedAED 1.74M · Dec 2014
1–7 of 11

803, Bays Edge in numbers

  • Sold twice: first on 30 July 2013 for AED 2,865,600, last on 27 September 2021 for AED 1,500,000 (AED 872 per sqft).
  • Rented since December 2018 on 2 Ejari contracts, at AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2021 price is 8.7%.

Source: Dubai Land Department. Updated 27 September 2021.

Questions about 803, Bays Edge

What did unit 803 last sell for?

AED 1,500,000 on 27 September 2021: AED 872 per sqft for 1,720 sqft. The unit has 2 registered sales; the first was AED 2,865,600 in July 2013.

What is the rent for unit 803?

AED 130,000 a year on the contract renewed on 23 December 2019. The previous contract, from December 2018, was AED 130,000.

How big is unit 803?

1,720 sqft (159.8 sqm): a three-bedroom hotel apartment on the 8th floor of a 22-storey tower completed in 2016.

What is unit 803 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 803, Bays Edge

Starts from the last sale price (AED 1.5M, 27 September 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,500,000
Deposit, UAE resident (20%)
AED 300,000
Deposit, non-resident (40%)
AED 600,000
Monthly over 25 years at 3.7%
AED 6,137

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