1-bed · 704 sqftBinghatti Canal, Business Bay · 17th floor · completed 2023

1704, Binghatti Canal

Sold prices and rental history: sold twice, last in October 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1704 · DLD and Ejari recordsUpdated 24 October 2024
Last soldAED 1.72M24 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1704, Binghatti Canal

What is 1704 worth today?

Last sold for AED 1,720,000 in 2024

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24 Oct 2024SoldReady
AED 1,720,000AED 2,444 per sqft
26 Aug 2022Sold by developerOff-plan
AED 1,300,000AED 1,847 per sqft

Source: Dubai Land Department. Updated 24 October 2024.

Key facts

Type
1-bed apartment
Size
704 sqft
Floor
17th of 21
Parking
B-51
Developer
Binghatti
Completed
2023
Service charge
AED 12,400 /yr
Last sold
AED 1.72M · October 2024

About 1704, Binghatti Canal

1704 is a one-bedroom apartment of 704 sqft on the 17th floor of Binghatti Canal, a 21-storey tower in Business Bay completed in 2023 by Binghatti. It last sold on 24 October 2024 for AED 1,720,000, or AED 2,444 per sqft, 8% above the AED 2,257 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1704 over time

Sales
Unit 1704, each saleTypical one-bed in Binghatti Canal
1.25M1.5M1.75M202220242026Typical sale price by year: 2022 AED 1,196,000; 2023 AED 1,300,000; 2024 AED 1,530,000; 2025 AED 1,500,000; 2026 AED 1,475,000Sold by developer, August 2022: AED 1,300,000 (AED 1,847 per sqft)Sold, October 2024: AED 1,720,000 (AED 2,444 per sqft)

1704 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1704, each contractTypical one-bed in Binghatti Canal
90K100K110K20232024202520262027Typical rent by year: 2023 AED 90,000; 2024 AED 105,000; 2025 AED 110,374; 2026 AED 102,500

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

1-beds in Binghatti Canal, and where 1704 sits

All 128 1-beds →

1704 last sold in October 2024 at AED 2,444 per sqft, 8% above what one-beds in Binghatti Canal were fetching at the time (AED 2,257). Over the last 12 months one-beds sold for AED 1,330,000 to 2,100,000, around AED 2,116 per sqft, and rent for AED 40,000 to 149,464 a year.

Recent 1-bed salesUnit no.Price (AED)Summary
2 Nov 20261,350,000
14 Aug 20261,330,000
11 Aug 20261,500,000
3 Apr 20262,100,000
8 1-bed sales in the last 12 months

Binghatti Canal

Building

301 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%
Binghatti Canal, Business Bay: prices, sales and rents →

Other units on the 17th floor

All 301 units in Binghatti Canal
Value
1701StudioAED 820K · Aug 2022
17022-bedAED 1.75M · Aug 2022
17031-bedAED 1.7M · May 2024
17051-bedAED 1.53M · Jan 2024
17062-bedAED 1M · Sep 2022
1707StudioAED 1.25M · Nov 2024
1708StudioAED 826K · Aug 2022
1–7 of 13

1704, Binghatti Canal in numbers

  • Sold twice: first on 26 August 2022 for AED 1,300,000, last on 24 October 2024 for AED 1,720,000 (AED 2,444 per sqft).
  • One-beds in Binghatti Canal sold for AED 1,330,000–2,100,000 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 24 October 2024.

Questions about 1704, Binghatti Canal

What did unit 1704 last sell for?

AED 1,720,000 on 24 October 2024: AED 2,444 per sqft for 704 sqft. The unit has 2 registered sales; the first was AED 1,300,000 in August 2022.

How big is unit 1704?

704 sqft (65.4 sqm): a one-bedroom apartment on the 17th floor of a 21-storey tower completed in 2023.

What is unit 1704 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Binghatti Canal sold for AED 1,330,000 to 2,100,000 in the last 12 months, around AED 2,116 per sqft.

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Mortgage on 1704, Binghatti Canal

Starts from the last sale price (AED 1.72M, 24 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,720,000
Deposit, UAE resident (20%)
AED 344,000
Deposit, non-resident (40%)
AED 688,000
Monthly over 25 years at 3.7%
AED 7,037

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