401, Canal Bay
Sold prices and rental history: sold once, by the developer in June 2025, 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 401, Canal Bay
What is 401 worth today?
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Source: Dubai Land Department. Updated 1 September 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,264 sqft
- Floor
- 4th of 18
- Parking
- P3-401
- Last sold
- AED 2.55M · June 2025
- Building
- Canal Bay
About 401, Canal Bay
401 is a two-bedroom apartment of 1,264 sqft on the 4th floor of Canal Bay, a 18-storey tower in Business Bay. The developer sold it on 26 June 2025 for AED 2,550,000, or AED 2,017 per sqft, in line with the AED 2,017 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 1 September 2026. The current contract, signed on 1 September 2026, is AED 130,000 a year: a gross yield of 5.1% on the 2025 price.
Sales and rents for 401 over time
401 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 401 sits
All 102 2-beds →401 last sold in June 2025 at AED 2,017 per sqft, in line with what two-beds in Canal Bay were fetching at the time (AED 2,017). 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. 401's AED 130,000 is in the lower 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 4th floor
All 118 units in Canal Bay| ValueToday's value | |||||
|---|---|---|---|---|---|
| 402 | 3-bed | 1,449 sqft | AED 3.07MAED 3,070,000 · Apr 2025April 2025 | ||
| 403 | 2-bed | 1,228 sqft | AED 2.62MAED 2,620,000 · Jul 2025July 2025 | ||
| 404 | 2-bed | 1,112 sqft | AED 2.4MAED 2,400,000 · Aug 2025August 2025 | ||
| 405 | 2-bed | 1,327 sqft | AED 2.3MAED 2,300,000 · Jul 2025July 2025 | ||
| 406 | 2-bed | 1,326 sqft | AED 2.23MAED 2,225,000 · Oct 2025October 2025 | ||
| 407 | 2-bed | 1,100 sqft | AED 2.25MAED 2,250,000 · Mar 2026March 2026 | 130,000 /yr |
401, Canal Bay in numbers
- Sold once: by the developer on 26 June 2025 for AED 2,550,000, or AED 2,017 per sqft.
- Rented since September 2026 on one Ejari contract, at AED 130,000 a year.
- At AED 130,000 a year the gross yield on the 2025 price is 5.1%.
- 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 1 September 2026.
Questions about 401, Canal Bay
What did unit 401 last sell for?
AED 2,550,000 on 26 June 2025, sold by the developer: AED 2,017 per sqft for 1,264 sqft. It is the only registered sale of the unit.
What is the rent for unit 401?
AED 130,000 a year on the contract signed on 1 September 2026.
How big is unit 401?
1,264 sqft (117.4 sqm): a two-bedroom apartment on the 4th floor of a 18-storey tower.
What is unit 401 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 401, Canal Bay
Starts from the last sale price (AED 2.55M, 26 June 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 2,550,000
- Deposit, UAE resident (20%)
- AED 510,000
- Deposit, non-resident (40%)
- AED 1,020,000
- Monthly over 25 years at 3.7%
- AED 10,433
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →