1608, Binghatti Canal
Sold prices and rental history: sold once, by the developer in April 2022, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1608, Binghatti Canal
What is 1608 worth today?
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Source: Dubai Land Department. Updated 15 August 2025.
Key facts
- Type
- Studio apartment
- Size
- 488 sqft
- Floor
- 16th of 21
- Parking
- 1
- Developer
- Binghatti
- Completed
- 2023
- Service charge
- AED 8,600 /yr
- Last sold
- AED 928K · April 2022
- Building
- Binghatti Canal
About 1608, Binghatti Canal
1608 is a studio of 488 sqft on the 16th floor of Binghatti Canal, a 21-storey tower in Business Bay completed in 2023 by Binghatti. The developer sold it on 28 April 2022 for AED 927,880, or AED 1,901 per sqft, 3% above the AED 1,844 studios in the building were fetching at the time.
It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 15 August 2025, is AED 82,500 a year: a gross yield of 8.9% on the 2022 price, before the service charge of about AED 8,600 a year.
Sales and rents for 1608 over time
1608 has sold once; 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 1608 sits
All 86 studios →1608 last sold in April 2022 at AED 1,901 per sqft, 3% above what studios in Binghatti Canal were fetching at the time (AED 1,844). 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. 1608's AED 82,500 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 | |
| 1607 | Studio | 494 sqft | AED 1.3MAED 1,300,000 · May 2023May 2023 | 70,000 /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 |
1608, Binghatti Canal in numbers
- Sold once: by Binghatti on 28 April 2022 for AED 927,880, or AED 1,901 per sqft.
- Rented since August 2024 on 2 Ejari contracts, from AED 75,000 to AED 82,500 a year.
- At AED 82,500 a year the gross yield on the 2022 price is 8.9%, before a service charge of about AED 8,600 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 15 August 2025.
Questions about 1608, Binghatti Canal
What did unit 1608 last sell for?
AED 927,880 on 28 April 2022, sold by the developer: AED 1,901 per sqft for 488 sqft. It is the only registered sale of the unit.
What is the rent for unit 1608?
AED 82,500 a year on the contract signed on 15 August 2025. The previous contract, from August 2024, was AED 75,000.
How big is unit 1608?
488 sqft (45.3 sqm): a studio on the 16th floor of a 21-storey tower completed in 2023.
What is unit 1608 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.
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Mortgage on 1608, Binghatti Canal
Starts from the last sale price (AED 928K, 28 April 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 927,880
- Deposit, UAE resident (20%)
- AED 185,576
- Deposit, non-resident (40%)
- AED 371,152
- Monthly over 25 years at 3.7%
- AED 3,796
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →