506, 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.
Property timeline for 506, Binghatti Canal
What is 506 worth today?
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Source: Dubai Land Department. Updated 9 October 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,278 sqft
- Floor
- 5th of 21
- Parking
- P1-7
- Developer
- Binghatti
- Completed
- 2023
- Service charge
- AED 22,600 /yr
- Last sold
- AED 2.6M · October 2024
- Building
- Binghatti Canal
About 506, Binghatti Canal
506 is a two-bedroom apartment of 1,278 sqft on the 5th floor of Binghatti Canal, a 21-storey tower in Business Bay completed in 2023 by Binghatti. It last sold on 9 October 2024 for AED 2,600,000, or AED 2,034 per sqft, 8% above the AED 1,883 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 506 over time
506 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Binghatti Canal, and where 506 sits
All 87 2-beds →506 last sold in October 2024 at AED 2,034 per sqft, 8% above what two-beds in Binghatti Canal were fetching at the time (AED 1,883). Over the last 12 months two-beds sold for AED 2,050,000 to 3,200,000, around AED 1,824 per sqft, and rent for AED 110,000 to 239,000 a year.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 Oct 202627 October 2026 | 2,068 sqft | 3,200,000 | 1,547 | ||
| 4 Sep 20264 September 2026 | 1,278 sqft | 2,525,000 | 1,975 | ||
| 21 Aug 202621 August 2026 | 1,323 sqft | 2,408,310 | 1,819 | ||
| 18 Jun 202618 June 2026 | 1,332 sqft | 2,300,000 | 1,726 |
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 5th floor
All 301 units in Binghatti Canal| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | Studio | 450 sqft | AED 980KAED 980,000 · Dec 2025December 2025 | 80,000 /yr | |
| 502 | 2-bed | 1,273 sqft | AED 1.8MAED 1,800,000 · Aug 2022August 2022 | ||
| 503 | 1-bed | 702 sqft | AED 1.4MAED 1,400,000 · Jul 2024July 2024 | 120,000 /yr | |
| 504 | 1-bed | 704 sqft | AED 1.19MAED 1,186,818 · Jun 2023June 2023 | ||
| 505 | 1-bed | 705 sqft | AED 1.19MAED 1,185,143 · May 2023May 2023 | ||
| 507 | Studio | 494 sqft | AED 796KAED 796,000 · Sep 2022September 2022 | ||
| 508 | Studio | 489 sqft | AED 830KAED 830,000 · Jun 2022June 2022 | ||
| 509 | 2-bed | 1,284 sqft | AED 1.75MAED 1,750,000 · Aug 2022August 2022 | ||
| 510 | 1-bed | 717 sqft | AED 1.05MAED 1,050,000 · Sep 2022September 2022 | 150,000 /yr | |
| 511 | 1-bed | 704 sqft | AED 1.1MAED 1,100,000 · Sep 2022September 2022 | ||
| 512 | 1-bed | 703 sqft | AED 1.13MAED 1,130,000 · Oct 2022October 2022 | 90,000 /yr | |
| 513 | 2-bed | 1,323 sqft | AED 1.6MAED 1,600,000 · Nov 2022November 2022 | 160,000 /yr | |
| 514 | Studio | 450 sqft | AED 940KAED 940,000 · Feb 2024February 2024 | 95,000 /yr |
506, Binghatti Canal in numbers
- Sold twice: first on 7 July 2022 for AED 1,830,929, last on 9 October 2024 for AED 2,600,000 (AED 2,034 per sqft).
- Two-beds in Binghatti Canal sold for AED 2,050,000–3,200,000 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 9 October 2024.
Questions about 506, Binghatti Canal
What did unit 506 last sell for?
AED 2,600,000 on 9 October 2024: AED 2,034 per sqft for 1,278 sqft. The unit has 2 registered sales; the first was AED 1,830,929 in July 2022.
How big is unit 506?
1,278 sqft (118.7 sqm): a two-bedroom apartment on the 5th floor of a 21-storey tower completed in 2023.
What is unit 506 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Binghatti Canal sold for AED 2,050,000 to 3,200,000 in the last 12 months, around AED 1,824 per sqft.
Selling 506? Put it on the OpenOffers board
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Mortgage on 506, Binghatti Canal
Starts from the last sale price (AED 2.6M, 9 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,600,000
- Deposit, UAE resident (20%)
- AED 520,000
- Deposit, non-resident (40%)
- AED 1,040,000
- Monthly over 25 years at 3.7%
- AED 10,637
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →