407, Canal Bay
Sold prices and rental history: sold once, by the developer in March 2026, and rented since 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 407, Canal Bay
What is 407 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 5 October 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,100 sqft
- Floor
- 4th of 18
- Parking
- P3-407
- Last sold
- AED 2.25M · March 2026
- Building
- Canal Bay
About 407, Canal Bay
407 is a two-bedroom apartment of 1,100 sqft on the 4th floor of Canal Bay, a 18-storey tower in Business Bay. The developer sold it on 2 March 2026 for AED 2,250,000, or AED 2,046 per sqft, in line with the AED 2,064 two-beds in the building were fetching at the time.
It has been rented since 2026 on 2 Ejari contracts. The current contract, signed on 5 October 2026, is AED 130,000 a year: a gross yield of 5.8% on the 2026 price.
Sales and rents for 407 over time
407 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 407 sits
All 102 2-beds →407 last sold in March 2026 at AED 2,046 per sqft, in line with what two-beds in Canal Bay were fetching at the time (AED 2,064). 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. 407'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 | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,264 sqft | AED 2.55MAED 2,550,000 · Jun 2025June 2025 | 130,000 /yr | |
| 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, Canal Bay in numbers
- Sold once: by the developer on 2 March 2026 for AED 2,250,000, or AED 2,046 per sqft.
- Rented since March 2026 on 2 Ejari contracts, from AED 160,000 to AED 130,000 a year.
- At AED 130,000 a year the gross yield on the 2026 price is 5.8%.
- 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 5 October 2026.
Questions about 407, Canal Bay
What did unit 407 last sell for?
AED 2,250,000 on 2 March 2026, sold by the developer: AED 2,046 per sqft for 1,100 sqft. It is the only registered sale of the unit.
What is the rent for unit 407?
AED 130,000 a year on the contract signed on 5 October 2026. The previous contract, from March 2026, was AED 160,000.
How big is unit 407?
1,100 sqft (102.2 sqm): a two-bedroom apartment on the 4th floor of a 18-storey tower.
What is unit 407 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.
Selling 407? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 407, Canal Bay
Starts from the last sale price (AED 2.25M, 2 March 2026). Switch to today's estimate once you have unlocked it.- Price
- AED 2,250,000
- Deposit, UAE resident (20%)
- AED 450,000
- Deposit, non-resident (40%)
- AED 900,000
- Monthly over 25 years at 3.7%
- AED 9,205
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →