508, Binghatti Canal
Sold prices and rental history: sold once, by the developer in June 2022, 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 508, Binghatti Canal
What is 508 worth today?
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Source: Dubai Land Department. Updated 7 June 2022.
Key facts
- Type
- Studio apartment
- Size
- 489 sqft
- Floor
- 5th of 21
- Parking
- 1
- Developer
- Binghatti
- Completed
- 2023
- Service charge
- AED 8,600 /yr
- Last sold
- AED 830K · June 2022
- Building
- Binghatti Canal
About 508, Binghatti Canal
508 is a studio of 489 sqft on the 5th floor of Binghatti Canal, a 21-storey tower in Business Bay completed in 2023 by Binghatti. The developer sold it on 7 June 2022 for AED 830,000, or AED 1,698 per sqft, 5% below the AED 1,786 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 508 over time
508 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 508 sits
All 86 studios →508 last sold in June 2022 at AED 1,698 per sqft, 5% below what studios in Binghatti Canal were fetching at the time (AED 1,786). 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.
| 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 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 | ||
| 506 | 2-bed | 1,278 sqft | AED 2.6MAED 2,600,000 · Oct 2024October 2024 | ||
| 507 | Studio | 494 sqft | AED 796KAED 796,000 · Sep 2022September 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 |
508, Binghatti Canal in numbers
- Sold once: by Binghatti on 7 June 2022 for AED 830,000, or AED 1,698 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 7 June 2022.
Questions about 508, Binghatti Canal
What did unit 508 last sell for?
AED 830,000 on 7 June 2022, sold by the developer: AED 1,698 per sqft for 489 sqft. It is the only registered sale of the unit.
How big is unit 508?
489 sqft (45.4 sqm): a studio on the 5th floor of a 21-storey tower completed in 2023.
What is unit 508 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 508, Binghatti Canal
Starts from the last sale price (AED 830K, 7 June 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 830,000
- Deposit, UAE resident (20%)
- AED 166,000
- Deposit, non-resident (40%)
- AED 332,000
- Monthly over 25 years at 3.7%
- AED 3,396
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →