M12, Binghatti Canal
Sold prices and rental history: sold twice, last in January 2026, and rented once, from September 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for M12, Binghatti Canal
What is M12 worth today?
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Source: Dubai Land Department. Updated 20 September 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,273 sqft
- Floor
- Ground of 21
- Parking
- B-77
- Developer
- Binghatti
- Completed
- 2023
- Service charge
- AED 22,500 /yr
- Last sold
- AED 2.22M · January 2026
- Building
- Binghatti Canal
About M12, Binghatti Canal
M12 is a two-bedroom apartment of 1,273 sqft on the ground floor of Binghatti Canal, a 21-storey tower in Business Bay completed in 2023 by Binghatti. It last sold on 22 January 2026 for AED 2,220,000, or AED 1,743 per sqft, in line with the AED 1,743 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 20 September 2026. The current contract, signed on 20 September 2026, is AED 160,000 a year: a gross yield of 7.2% on the 2026 price, before the service charge of about AED 22,500 a year.
Sales and rents for M12 over time
M12 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 M12 sits
All 87 2-beds →M12 last sold in January 2026 at AED 1,743 per sqft, in line with what two-beds in Binghatti Canal were fetching at the time (AED 1,743). 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. M12's AED 160,000 is in the lower half of that range.
| 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 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 | ||
| M03 | Studio | 493 sqft | AED 820KAED 820,000 · Sep 2022September 2022 | 52,920 /yr | |
| 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 | |
| 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 |
M12, Binghatti Canal in numbers
- Sold twice: first on 6 December 2022 for AED 2,000,000, last on 22 January 2026 for AED 2,220,000 (AED 1,743 per sqft).
- Rented since September 2026 on one Ejari contract, at AED 160,000 a year.
- At AED 160,000 a year the gross yield on the 2026 price is 7.2%, before a service charge of about AED 22,500 a year (AED 17.68 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 20 September 2026.
Questions about M12, Binghatti Canal
What did unit M12 last sell for?
AED 2,220,000 on 22 January 2026: AED 1,743 per sqft for 1,273 sqft. The unit has 2 registered sales; the first was AED 2,000,000 in December 2022.
What is the rent for unit M12?
AED 160,000 a year on the contract signed on 20 September 2026.
How big is unit M12?
1,273 sqft (118.3 sqm): a two-bedroom apartment on the ground floor of a 21-storey tower completed in 2023.
What is unit M12 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.
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Mortgage on M12, Binghatti Canal
Starts from the last sale price (AED 2.22M, 22 January 2026). Switch to today's estimate once you have unlocked it.- Price
- AED 2,220,000
- Deposit, UAE resident (20%)
- AED 444,000
- Deposit, non-resident (40%)
- AED 888,000
- Monthly over 25 years at 3.7%
- AED 9,083
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →