1-bed · 860 sqftBays Edge, Business Bay · 8th floor · completed 2016

812, Bays Edge

Sold prices and rental history: sold 3 times, last in August 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 812 · DLD and Ejari recordsUpdated 15 August 2024
Last soldAED 1.2M15 August 2024
Current rentAED 90K /yr11 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 812, Bays Edge

What is 812 worth today?

Last sold for AED 1,200,000 in 2024

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15 Aug 2024SoldReady
AED 1,200,000AED 1,396 per sqft
21 Dec 2023SoldReady
AED 1,130,000AED 1,314 per sqft
11 Mar 2023RentedNew contract
AED 90,000/yr12 months · AED 105 per sqft
15 Feb 2022RentedNew contract
AED 75,000/yr12 months · AED 87 per sqft
19 Dec 2020RentedRenewal
AED 54,000/yr12 months · AED 63 per sqft
19 Dec 2019RentedRenewal
AED 72,000/yr12 months · AED 84 per sqft
19 Dec 2018RentedRenewal
AED 82,000/yr12 months · AED 95 per sqft
22 Aug 2017Sold by developerReady
AED 1,548,000AED 1,801 per sqft

Source: Dubai Land Department. Updated 15 August 2024.

Key facts

Type
1-bed hotel apartment
Size
860 sqft
Floor
8th of 22
Parking
P1-68
Developer
DAMAC
Completed
2016
Last sold
AED 1.2M · August 2024
Building
Bays Edge

About 812, Bays Edge

812 is a one-bedroom hotel apartment of 860 sqft on the 8th floor of Bays Edge, a 22-storey tower in Business Bay completed in 2016 by DAMAC. It last sold on 15 August 2024 for AED 1,200,000, or AED 1,396 per sqft, in line with the AED 1,396 one-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 11 March 2023, is AED 90,000 a year: a gross yield of 7.5% on the 2024 price.

Sales and rents for 812 over time

Sales
Unit 812, 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, August 2017: AED 1,548,000 (AED 1,801 per sqft)Sold, December 2023: AED 1,130,000 (AED 1,314 per sqft)Sold, August 2024: AED 1,200,000 (AED 1,396 per sqft)

812 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 812, 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 80,000Renewal, December 2018: AED 82,000 a yearRenewal, December 2019: AED 72,000 a yearRenewal, December 2020: AED 54,000 a yearNew contract, February 2022: AED 75,000 a yearNew contract, March 2023: AED 90,000 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 812 sits

All 108 1-beds →

812 last sold in August 2024 at AED 1,396 per sqft, in line with what one-beds in Bays Edge were fetching at the time (AED 1,396). 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. 812's AED 90,000 is in the upper 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 8th floor

All 253 units in Bays Edge
Value
8011-bedAED 1.36M · Sep 2024
802StudioAED 842K · Dec 2013
8033-bedAED 1.5M · Sep 2021
8042-bedAED 2.05M · Aug 2024
8053-bedAED 3.4M · May 2024
8063-bedAED 4.24M · Apr 2016
8072-bedAED 2.09M · Jun 2013
1–7 of 11

812, Bays Edge in numbers

  • Sold 3 times: first on 22 August 2017 for AED 1,548,000, last on 15 August 2024 for AED 1,200,000 (AED 1,396 per sqft).
  • Rented since December 2018 on 5 Ejari contracts. The rent fell from AED 82,000 to AED 54,000 in 2020 and recovered to AED 90,000 by March 2023.
  • At AED 90,000 a year the gross yield on the 2024 price is 7.5%.
  • 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 15 August 2024.

Questions about 812, Bays Edge

What did unit 812 last sell for?

AED 1,200,000 on 15 August 2024: AED 1,396 per sqft for 860 sqft. The unit has 3 registered sales; the first was AED 1,548,000 in August 2017.

What is the rent for unit 812?

AED 90,000 a year on the contract signed on 11 March 2023. The previous contract, from February 2022, was AED 75,000; the unit has been rented since December 2018.

How big is unit 812?

860 sqft (79.9 sqm): a one-bedroom hotel apartment on the 8th floor of a 22-storey tower completed in 2016.

What is unit 812 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 812, Bays Edge

Starts from the last sale price (AED 1.2M, 15 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

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