408, Binghatti Canal
Sold prices and rental history: sold 3 times, last in July 2024, and rented once, from July 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Binghatti Canal
What is 408 worth today?
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Source: Dubai Land Department. Updated 23 July 2024.
Key facts
- Type
- Studio apartment
- Size
- 488 sqft
- Floor
- 4th of 21
- Parking
- P3-60
- Developer
- Binghatti
- Completed
- 2023
- Service charge
- AED 8,600 /yr
- Last sold
- AED 1.34M · July 2024
- Building
- Binghatti Canal
About 408, Binghatti Canal
408 is a studio of 488 sqft on the 4th floor of Binghatti Canal, a 21-storey tower in Business Bay completed in 2023 by Binghatti. It last sold on 23 July 2024 for AED 1,340,000, or AED 2,746 per sqft, 30% above the AED 2,119 studios in the building were fetching at the time.
One Ejari contract is registered, from 1 July 2024. The current contract, signed on 1 July 2024, is AED 102,000 a year: a gross yield of 7.6% on the 2024 price, before the service charge of about AED 8,600 a year.
Sales and rents for 408 over time
408 has sold 3 times; 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 408 sits
All 86 studios →408 last sold in July 2024 at AED 2,746 per sqft, 30% above what studios in Binghatti Canal were fetching at the time (AED 2,119). 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. 408's AED 102,000 is at the top 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 4th floor
All 301 units in Binghatti Canal| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | Studio | 452 sqft | AED 760KAED 760,000 · Sep 2022September 2022 | 70,000 /yr | |
| 402 | 2-bed | 1,331 sqft | AED 2.25MAED 2,250,000 · Aug 2025August 2025 | ||
| 403 | 1-bed | 702 sqft | AED 1.1MAED 1,100,000 · Aug 2022August 2022 | 95,000 /yr | |
| 404 | 1-bed | 703 sqft | AED 1MAED 1,000,000 · Aug 2022August 2022 | ||
| 405 | 1-bed | 706 sqft | AED 1.05MAED 1,050,000 · Sep 2022September 2022 | 110,000 /yr | |
| 406 | 2-bed | 1,326 sqft | AED 2.5MAED 2,500,000 · Dec 2023December 2023 | 145,000 /yr | |
| 407 | Studio | 491 sqft | AED 1.23MAED 1,230,000 · Jun 2024June 2024 | ||
| 409 | 2-bed | 1,332 sqft | AED 1.74MAED 1,735,000 · Sep 2022September 2022 | 150,000 /yr | |
| 410 | 1-bed | 717 sqft | AED 1.08MAED 1,080,000 · Aug 2022August 2022 | ||
| 411 | 1-bed | 704 sqft | AED 1.5MAED 1,500,000 · Dec 2024December 2024 | ||
| 412 | 1-bed | 703 sqft | AED 1.1MAED 1,100,000 · Nov 2022November 2022 | ||
| 413 | 2-bed | 1,378 sqft | AED 1.81MAED 1,809,226 · Mar 2023March 2023 | ||
| 414 | Studio | 450 sqft | AED 725KAED 725,000 · Aug 2022August 2022 |
408, Binghatti Canal in numbers
- Sold 3 times: first on 23 November 2022 for AED 857,000, last on 23 July 2024 for AED 1,340,000 (AED 2,746 per sqft).
- Rented since July 2024 on one Ejari contract, at AED 102,000 a year.
- At AED 102,000 a year the gross yield on the 2024 price is 7.6%, 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 23 July 2024.
Questions about 408, Binghatti Canal
What did unit 408 last sell for?
AED 1,340,000 on 23 July 2024: AED 2,746 per sqft for 488 sqft. The unit has 3 registered sales; the first was AED 857,000 in November 2022.
What is the rent for unit 408?
AED 102,000 a year on the contract signed on 1 July 2024.
How big is unit 408?
488 sqft (45.3 sqm): a studio on the 4th floor of a 21-storey tower completed in 2023.
What is unit 408 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 408, Binghatti Canal
Starts from the last sale price (AED 1.34M, 23 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,340,000
- Deposit, UAE resident (20%)
- AED 268,000
- Deposit, non-resident (40%)
- AED 536,000
- Monthly over 25 years at 3.7%
- AED 5,482
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →