1607, Binghatti Canal
Sold prices and rental history: sold twice, last in May 2023, and rented once, from October 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1607, Binghatti Canal
What is 1607 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 3 October 2024.
Key facts
- Type
- Studio apartment
- Size
- 494 sqft
- Floor
- 16th of 21
- Parking
- P3-45
- Developer
- Binghatti
- Completed
- 2023
- Service charge
- AED 8,700 /yr
- Last sold
- AED 1.3M · May 2023
- Building
- Binghatti Canal
About 1607, Binghatti Canal
1607 is a studio of 494 sqft on the 16th floor of Binghatti Canal, a 21-storey tower in Business Bay completed in 2023 by Binghatti. It last sold on 26 May 2023 for AED 1,300,000, or AED 2,629 per sqft, 50% above the AED 1,755 studios in the building were fetching at the time.
One Ejari contract is registered, from 3 October 2024. The current contract, renewed on 3 October 2024, is AED 70,000 a year: a gross yield of 5.4% on the 2023 price, before the service charge of about AED 8,700 a year.
Sales and rents for 1607 over time
1607 has sold twice; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Binghatti Canal, and where 1607 sits
All 86 studios →1607 last sold in May 2023 at AED 2,629 per sqft, 50% above what studios in Binghatti Canal were fetching at the time (AED 1,755). Over the last 12 months studios sold for AED 980,000 to 1,350,000, around AED 2,178 per sqft, and rent for AED 34,000 to 95,000 a year. 1607's AED 70,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Oct 202616 October 2026 | 488 sqft | 980,000 | 2,008 | ||
| 6 Mar 20266 March 2026 | 488 sqft | 1,350,000 | 2,768 | ||
| 11 Dec 202511 December 2025 | 450 sqft | 980,000 | 2,178 | ||
| 3 Dec 20253 December 2025 | 492 sqft | 1,270,000 | 2,582 |
Binghatti Canal
Building301 apartments, studios to 2-bed over 21 floors in Business Bay, completed in 2023 by Binghatti. 27 sold in the last 12 months.
- Typical price per sqft
- AED 2,008 Down 4.6%
- Typical sale
- AED 2.1M
- Typical rent
- AED 100K /yr
- Typical yield
- 7.2%
Other units on the 16th floor
All 301 units in Binghatti Canal| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | Studio | 452 sqft | AED 900KAED 900,000 · Feb 2024February 2024 | ||
| 1602 | 2-bed | 1,273 sqft | AED 2.04MAED 2,040,553 · Aug 2022August 2022 | 170,000 /yr | |
| 1603 | 1-bed | 703 sqft | AED 1.32MAED 1,317,000 · Aug 2022August 2022 | ||
| 1604 | 1-bed | 704 sqft | AED 1.31MAED 1,310,181 · Aug 2022August 2022 | 94,500 /yr | |
| 1605 | 1-bed | 707 sqft | AED 1.1MAED 1,100,000 · Aug 2022August 2022 | 120,000 /yr | |
| 1606 | 2-bed | 1,279 sqft | AED 1.67MAED 1,665,000 · Jun 2022June 2022 | 165,000 /yr | |
| 1608 | Studio | 488 sqft | AED 928KAED 927,880 · Apr 2022April 2022 | 82,500 /yr | |
| 1609 | 2-bed | 1,284 sqft | AED 1.67MAED 1,665,000 · Jul 2022July 2022 | 165,000 /yr | |
| 1610 | 1-bed | 717 sqft | AED 1.27MAED 1,273,760 · Sep 2022September 2022 | 110,374 /yr | |
| 1611 | 1-bed | 705 sqft | AED 1.75MAED 1,750,000 · Aug 2024August 2024 | 120,000 /yr | |
| 1612 | 1-bed | 704 sqft | AED 1.26MAED 1,256,990 · Nov 2022November 2022 | ||
| 1613 | 2-bed | 1,323 sqft | AED 2.18MAED 2,180,000 · Mar 2024March 2024 | ||
| 1614 | Studio | 447 sqft | AED 831KAED 831,250 · Oct 2022October 2022 | 34,000 /yr |
1607, Binghatti Canal in numbers
- Sold twice: first on 3 November 2022 for AED 900,000, last on 26 May 2023 for AED 1,300,000 (AED 2,629 per sqft).
- Rented since October 2024 on one Ejari contract, at AED 70,000 a year.
- At AED 70,000 a year the gross yield on the 2023 price is 5.4%, before a service charge of about AED 8,700 a year (AED 17.68 per sqft).
- Studios in Binghatti Canal sold for AED 980,000–1,350,000 in the 12 months to November 2026; the building's median across all types is AED 2,008 per sqft.
Source: Dubai Land Department. Updated 3 October 2024.
Questions about 1607, Binghatti Canal
What did unit 1607 last sell for?
AED 1,300,000 on 26 May 2023: AED 2,629 per sqft for 494 sqft. The unit has 2 registered sales; the first was AED 900,000 in November 2022.
What is the rent for unit 1607?
AED 70,000 a year on the contract renewed on 3 October 2024.
How big is unit 1607?
494 sqft (45.9 sqm): a studio on the 16th floor of a 21-storey tower completed in 2023.
What is unit 1607 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Binghatti Canal sold for AED 980,000 to 1,350,000 in the last 12 months, around AED 2,178 per sqft.
Selling 1607? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1607, Binghatti Canal
Starts from the last sale price (AED 1.3M, 26 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,300,000
- Deposit, UAE resident (20%)
- AED 260,000
- Deposit, non-resident (40%)
- AED 520,000
- Monthly over 25 years at 3.7%
- AED 5,319
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →