1-bed · 702 sqftBinghatti Canal, Business Bay · 5th floor · completed 2023

503, Binghatti Canal

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

Unit 503 · DLD and Ejari recordsUpdated 1 December 2025
Last soldAED 1.4M10 July 2024
Current rentAED 120K /yr1 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 503, Binghatti Canal

What is 503 worth today?

Last sold for AED 1,400,000 in 2024

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1 Dec 2025RentedNew contract
AED 120,000/yr12 months · AED 172 per sqft
22 Sep 2024RentedNew contract
AED 110,000/yr12 months · AED 157 per sqft
10 Jul 2024SoldReady
AED 1,400,000AED 1,993 per sqft
20 Mar 2024SoldReady
AED 1,455,000AED 2,071 per sqft
2 Sep 2022Sold by developerOff-plan
AED 1,150,000AED 1,637 per sqft

Source: Dubai Land Department. Updated 1 December 2025.

Key facts

Type
1-bed apartment
Size
702 sqft
Floor
5th of 21
Parking
P2-34
Developer
Binghatti
Completed
2023
Service charge
AED 12,400 /yr
Last sold
AED 1.4M · July 2024

About 503, Binghatti Canal

503 is a one-bedroom apartment of 702 sqft on the 5th floor of Binghatti Canal, a 21-storey tower in Business Bay completed in 2023 by Binghatti. It last sold on 10 July 2024 for AED 1,400,000, or AED 1,993 per sqft, 8% below the AED 2,163 one-beds in the building were fetching at the time.

It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 1 December 2025, is AED 120,000 a year: a gross yield of 8.6% on the 2024 price, before the service charge of about AED 12,400 a year.

Sales and rents for 503 over time

Sales
Unit 503, each saleTypical one-bed in Binghatti Canal
1.2M1.4M202220242026Typical 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, September 2022: AED 1,150,000 (AED 1,637 per sqft)Sold, March 2024: AED 1,455,000 (AED 2,071 per sqft)Sold, July 2024: AED 1,400,000 (AED 1,993 per sqft)

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

Rents
Unit 503, each contractTypical one-bed in Binghatti Canal
100K120K20232024202520262027Typical rent by year: 2023 AED 90,000; 2024 AED 105,000; 2025 AED 110,374; 2026 AED 102,500New contract, September 2024: AED 110,000 a yearNew contract, December 2025: AED 120,000 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 Binghatti Canal, and where 503 sits

All 128 1-beds →

503 last sold in July 2024 at AED 1,993 per sqft, 8% below what one-beds in Binghatti Canal were fetching at the time (AED 2,163). 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. 503's AED 120,000 is in the upper half of that range.

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 5th floor

All 301 units in Binghatti Canal
Value
501StudioAED 980K · Dec 2025
5022-bedAED 1.8M · Aug 2022
5041-bedAED 1.19M · Jun 2023
5051-bedAED 1.19M · May 2023
5062-bedAED 2.6M · Oct 2024
507StudioAED 796K · Sep 2022
508StudioAED 830K · Jun 2022
1–7 of 13

503, Binghatti Canal in numbers

  • Sold 3 times: first on 2 September 2022 for AED 1,150,000, last on 10 July 2024 for AED 1,400,000 (AED 1,993 per sqft).
  • Rented since September 2024 on 2 Ejari contracts, from AED 110,000 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2024 price is 8.6%, before a service charge of about AED 12,400 a year (AED 17.68 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 1 December 2025.

Questions about 503, Binghatti Canal

What did unit 503 last sell for?

AED 1,400,000 on 10 July 2024: AED 1,993 per sqft for 702 sqft. The unit has 3 registered sales; the first was AED 1,150,000 in September 2022.

What is the rent for unit 503?

AED 120,000 a year on the contract signed on 1 December 2025. The previous contract, from September 2024, was AED 110,000.

How big is unit 503?

702 sqft (65.2 sqm): a one-bedroom apartment on the 5th floor of a 21-storey tower completed in 2023.

What is unit 503 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 503, Binghatti Canal

Starts from the last sale price (AED 1.4M, 10 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,400,000
Deposit, UAE resident (20%)
AED 280,000
Deposit, non-resident (40%)
AED 560,000
Monthly over 25 years at 3.7%
AED 5,728

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