M03, Binghatti Canal
Sold prices and rental history: sold once, by the developer in September 2022, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for M03, Binghatti Canal
What is M03 worth today?
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Source: Dubai Land Department. Updated 9 February 2026.
Key facts
- Type
- Studio apartment
- Size
- 493 sqft
- Floor
- Ground of 21
- Parking
- 1
- Developer
- Binghatti
- Completed
- 2023
- Service charge
- AED 8,700 /yr
- Last sold
- AED 820K · September 2022
- Building
- Binghatti Canal
About M03, Binghatti Canal
M03 is a studio of 493 sqft on the ground 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 820,000, or AED 1,661 per sqft, 4% below the AED 1,731 studios in the building were fetching at the time.
It has been rented since 2025 on 2 Ejari contracts. The current contract, renewed on 9 February 2026, is AED 52,920 a year: a gross yield of 6.5% on the 2022 price, before the service charge of about AED 8,700 a year.
Sales and rents for M03 over time
M03 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 M03 sits
All 86 studios →M03 last sold in September 2022 at AED 1,661 per sqft, 4% below what studios in Binghatti Canal were fetching at the time (AED 1,731). 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. M03's AED 52,920 is in the lower half 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 ground floor
All 301 units in Binghatti Canal| ValueToday's value | |||||
|---|---|---|---|---|---|
| M01 | 1-bed | 705 sqft | AED 1.74MAED 1,740,000 · Dec 2025December 2025 | 120,000 /yr | |
| M02 | 2-bed | 1,278 sqft | AED 3.1MAED 3,100,000 · May 2026May 2026 | ||
| M04 | Studio | 488 sqft | AED 1.05MAED 1,050,000 · Jul 2023July 2023 | ||
| M05 | 2-bed | 1,283 sqft | AED 2.65MAED 2,650,000 · Apr 2024April 2024 | ||
| M06 | 1-bed | 717 sqft | AED 1.2MAED 1,200,000 · Nov 2022November 2022 | ||
| M07 | 1-bed | 704 sqft | AED 1.44MAED 1,440,000 · Oct 2025October 2025 | 110,000 /yr | |
| M08 | 1-bed | 703 sqft | AED 1.25MAED 1,250,000 · Dec 2022December 2022 | ||
| M09 | 2-bed | 1,323 sqft | AED 1.95MAED 1,950,000 · Jun 2025June 2025 | 125,000 /yr | |
| M10 | Studio | 451 sqft | AED 900KAED 900,000 · Dec 2022December 2022 | 70,000 /yr | |
| M11 | Studio | 450 sqft | AED 940KAED 940,000 · Oct 2024October 2024 | 65,000 /yr | |
| M12 | 2-bed | 1,273 sqft | AED 2.22MAED 2,220,000 · Jan 2026January 2026 | 160,000 /yr | |
| M13 | 1-bed | 703 sqft | AED 1.4MAED 1,400,000 · Dec 2022December 2022 | ||
| M14 | 1-bed | 704 sqft | AED 1.45MAED 1,450,000 · Dec 2022December 2022 | 100,000 /yr |
M03, Binghatti Canal in numbers
- Sold once: by Binghatti on 2 September 2022 for AED 820,000, or AED 1,661 per sqft.
- Rented since February 2025 on 2 Ejari contracts, from AED 80,000 to AED 52,920 a year.
- At AED 52,920 a year the gross yield on the 2022 price is 6.5%, before a service charge of about AED 8,700 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 9 February 2026.
Questions about M03, Binghatti Canal
What did unit M03 last sell for?
AED 820,000 on 2 September 2022, sold by the developer: AED 1,661 per sqft for 493 sqft. It is the only registered sale of the unit.
What is the rent for unit M03?
AED 52,920 a year on the contract renewed on 9 February 2026. The previous contract, from February 2025, was AED 80,000.
How big is unit M03?
493 sqft (45.8 sqm): a studio on the ground floor of a 21-storey tower completed in 2023.
What is unit M03 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 M03, Binghatti Canal
Starts from the last sale price (AED 820K, 2 September 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 820,000
- Deposit, UAE resident (20%)
- AED 164,000
- Deposit, non-resident (40%)
- AED 328,000
- Monthly over 25 years at 3.7%
- AED 3,355
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →