1-bed · 717 sqftBinghatti Canal, Business Bay · 5th floor · completed 2023

510, Binghatti Canal

Sold prices and rental history: sold once, by the developer in September 2022, and rented once, from December 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 510 · DLD and Ejari recordsUpdated 11 December 2024
Last soldAED 1.05M2 September 2022
Current rentAED 150K /yr11 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 510, Binghatti Canal

What is 510 worth today?

Last sold for AED 1,050,000 in 2022

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11 Dec 2024RentedNew contract
AED 150,000/yr12 months · AED 208 per sqft
2 Sep 2022Sold by developerOff-plan
AED 1,050,000AED 1,463 per sqft

Source: Dubai Land Department. Updated 11 December 2024.

Key facts

Type
1-bed apartment
Size
717 sqft
Floor
5th of 21
Parking
1
Developer
Binghatti
Completed
2023
Service charge
AED 12,700 /yr
Last sold
AED 1.05M · September 2022

About 510, Binghatti Canal

510 is a one-bedroom apartment of 717 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 2 September 2022 for AED 1,050,000, or AED 1,463 per sqft, 12% below the AED 1,658 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 11 December 2024. The current contract, signed on 11 December 2024, is AED 150,000 a year: a gross yield of 14.3% on the 2022 price, before the service charge of about AED 12,700 a year.

Sales and rents for 510 over time

Sales
Unit 510, each saleTypical one-bed in Binghatti Canal
1M1.25M1.5M202220242026Typical 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 1,050,000 (AED 1,463 per sqft)

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

Rents
Unit 510, each contractTypical one-bed in Binghatti Canal
100K150K20232024202520262027Typical rent by year: 2023 AED 90,000; 2024 AED 105,000; 2025 AED 110,374; 2026 AED 102,500New contract, December 2024: AED 150,000 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 510 sits

All 128 1-beds →

510 last sold in September 2022 at AED 1,463 per sqft, 12% below what one-beds in Binghatti Canal were fetching at the time (AED 1,658). 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. 510's AED 150,000 is at the top 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
5031-bedAED 1.4M · Jul 2024
5041-bedAED 1.19M · Jun 2023
5051-bedAED 1.19M · May 2023
5062-bedAED 2.6M · Oct 2024
507StudioAED 796K · Sep 2022
1–7 of 13

510, Binghatti Canal in numbers

  • Sold once: by Binghatti on 2 September 2022 for AED 1,050,000, or AED 1,463 per sqft.
  • Rented since December 2024 on one Ejari contract, at AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2022 price is 14.3%, before a service charge of about AED 12,700 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 11 December 2024.

Questions about 510, Binghatti Canal

What did unit 510 last sell for?

AED 1,050,000 on 2 September 2022, sold by the developer: AED 1,463 per sqft for 717 sqft. It is the only registered sale of the unit.

What is the rent for unit 510?

AED 150,000 a year on the contract signed on 11 December 2024.

How big is unit 510?

717 sqft (66.6 sqm): a one-bedroom apartment on the 5th floor of a 21-storey tower completed in 2023.

What is unit 510 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 510, Binghatti Canal

Starts from the last sale price (AED 1.05M, 2 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,050,000
Deposit, UAE resident (20%)
AED 210,000
Deposit, non-resident (40%)
AED 420,000
Monthly over 25 years at 3.7%
AED 4,296

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