1203, Canal Bay
Sold prices and rental history: sold once, by the developer in November 2024, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1203, Canal Bay
What is 1203 worth today?
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Source: Dubai Land Department. Updated 15 September 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,228 sqft
- Floor
- 12th of 18
- Parking
- P2-1203
- Last sold
- AED 2.68M · November 2024
- Building
- Canal Bay
About 1203, Canal Bay
1203 is a two-bedroom apartment of 1,228 sqft on the 12th floor of Canal Bay, a 18-storey tower in Business Bay. The developer sold it on 21 November 2024 for AED 2,680,000, or AED 2,181 per sqft, 23% above the AED 1,778 two-beds in the building were fetching at the time.
It has been rented since 2025 on 3 Ejari contracts. The current contract, signed on 15 September 2026, is AED 135,000 a year: a gross yield of 5.0% on the 2024 price.
Sales and rents for 1203 over time
1203 has sold once; 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 Canal Bay, and where 1203 sits
All 102 2-beds →1203 last sold in November 2024 at AED 2,181 per sqft, 23% above what two-beds in Canal Bay were fetching at the time (AED 1,778). Over the last 12 months two-beds sold for AED 1,977,000 to 2,850,000, around AED 2,064 per sqft, and rent for AED 75,000 to 190,000 a year. 1203's AED 135,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Sep 202617 September 2026 | 1,264 sqft | 2,600,000 | 2,056 | ||
| 17 Sep 202617 September 2026 | 1,327 sqft | 2,450,000 | 1,846 | ||
| 29 Jul 202629 July 2026 | 1,264 sqft | 2,700,000 | 2,135 | ||
| 19 Jun 202619 June 2026 | 1,112 sqft | 1,977,000 | 1,778 |
Canal Bay
Building118 apartments, 2-bed to 3-bed over 18 floors in Business Bay. 43 sold in the last 12 months.
- Typical price per sqft
- AED 2,064 Down 1.0%
- Typical sale
- AED 2.33M
- Typical rent
- AED 130K /yr
- Typical yield
- 5.3%
Other units on the 12th floor
All 118 units in Canal Bay| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 2-bed | 1,264 sqft | AED 2.45MAED 2,450,000 · May 2026May 2026 | ||
| 1202 | 3-bed | 1,449 sqft | AED 3.15MAED 3,150,000 · Nov 2024November 2024 | ||
| 1204 | 2-bed | 1,112 sqft | AED 2.46MAED 2,460,000 · Sep 2025September 2025 | ||
| 1205 | 2-bed | 1,327 sqft | AED 2.36MAED 2,360,000 · Aug 2024August 2024 | 150,000 /yr | |
| 1206 | 2-bed | 1,326 sqft | AED 2.29MAED 2,290,000 · Feb 2025February 2025 | 120,000 /yr | |
| 1207 | 2-bed | 1,100 sqft | AED 2.31MAED 2,310,000 · Jun 2025June 2025 |
1203, Canal Bay in numbers
- Sold once: by the developer on 21 November 2024 for AED 2,680,000, or AED 2,181 per sqft.
- Rented since May 2025 on 3 Ejari contracts, from AED 150,000 to AED 135,000 a year.
- At AED 135,000 a year the gross yield on the 2024 price is 5.0%.
- Two-beds in Canal Bay sold for AED 1,977,000–2,850,000 in the 12 months to November 2026; the building's median across all types is AED 2,064 per sqft.
Source: Dubai Land Department. Updated 15 September 2026.
Questions about 1203, Canal Bay
What did unit 1203 last sell for?
AED 2,680,000 on 21 November 2024, sold by the developer: AED 2,181 per sqft for 1,228 sqft. It is the only registered sale of the unit.
What is the rent for unit 1203?
AED 135,000 a year on the contract signed on 15 September 2026. The previous contract, from May 2025, was AED 150,000; the unit has been rented since May 2025.
How big is unit 1203?
1,228 sqft (114.1 sqm): a two-bedroom apartment on the 12th floor of a 18-storey tower.
What is unit 1203 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Canal Bay sold for AED 1,977,000 to 2,850,000 in the last 12 months, around AED 2,064 per sqft.
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Mortgage on 1203, Canal Bay
Starts from the last sale price (AED 2.68M, 21 November 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,680,000
- Deposit, UAE resident (20%)
- AED 536,000
- Deposit, non-resident (40%)
- AED 1,072,000
- Monthly over 25 years at 3.7%
- AED 10,965
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →