2-bed · 1,047 sqftExecutive Bay A, Business Bay · 10th floor · completed 2014

1002, Executive Bay A

Sold prices and rental history: sold twice, last in January 2018, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1002 · DLD and Ejari recordsUpdated 30 January 2018
Last soldAED 1.35M30 January 2018
Current rentAED 115K /yr20 September 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1002, Executive Bay A

What is 1002 worth today?

Last sold for AED 1,350,000 in 2018

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30 Jan 2018SoldReady
AED 1,350,000AED 1,289 per sqft
20 Sep 2016RentedRenewal
AED 115,310/yr12 months · AED 110 per sqft
20 Sep 2015RentedNew contract
AED 120,000/yr12 months · AED 115 per sqft
31 Aug 2014Sold by developerReady
AED 1,115,982AED 1,065 per sqft

Source: Dubai Land Department. Updated 30 January 2018.

Key facts

Type
2-bed apartment
Size
1,047 sqft
Floor
10th of 20
Parking
B3-134
Developer
DAMAC
Completed
2014
Service charge
AED 13,400 /yr
Last sold
AED 1.35M · January 2018

About 1002, Executive Bay A

1002 is a two-bedroom apartment of 1,047 sqft on the 10th floor of Executive Bay A, a 20-storey tower in Business Bay completed in 2014 by DAMAC. It last sold on 30 January 2018 for AED 1,350,000, or AED 1,289 per sqft, in line with the AED 1,289 two-beds in the building were fetching at the time.

It has been rented since 2015 on 2 Ejari contracts. The current contract, renewed on 20 September 2016, is AED 115,310 a year: a gross yield of 8.5% on the 2018 price, before the service charge of about AED 13,400 a year.

Sales and rents for 1002 over time

Sales
Unit 1002, each saleTypical two-bed in Executive Bay A
1M1.5M2012201620202024Typical sale price by year: 2012 AED 1,249,600; 2013 AED 1,365,000; 2014 AED 1,494,474; 2015 AED 1,631,775; 2016 AED 1,400,000; 2017 AED 1,342,500; 2018 AED 1,300,000; 2019 AED 1,000,000; 2022 AED 932,523; 2023 AED 1,195,000; 2024 AED 1,258,400; 2025 AED 1,460,678Sold by developer, August 2014: AED 1,115,982 (AED 1,065 per sqft)Sold, January 2018: AED 1,350,000 (AED 1,289 per sqft)

1002 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1002, each contractTypical two-bed in Executive Bay A
100K2014201820222026Typical rent by year: 2014 AED 115,000; 2015 AED 116,000; 2016 AED 115,000; 2017 AED 100,000; 2018 AED 85,000; 2019 AED 77,000; 2020 AED 67,500; 2021 AED 62,000; 2022 AED 74,000; 2023 AED 85,000; 2024 AED 100,000; 2025 AED 110,000; 2026 AED 96,750New contract, September 2015: AED 120,000 a yearRenewal, September 2016: AED 115,310 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Executive Bay A, and where 1002 sits

All 59 2-beds →

1002 last sold in January 2018 at AED 1,289 per sqft, in line with what two-beds in Executive Bay A were fetching at the time (AED 1,289). Over the last 12 months two-beds sold for AED 1,305,000 to 1,471,356, around AED 1,307 per sqft, and rent for AED 83,000 to 130,000 a year. 1002's AED 115,310 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
23 Sep 20261,305,000
30 Jan 20261,380,000
15 Dec 20251,471,356
21 Jul 20251,381,487
3 2-bed sales in the last 12 months

Executive Bay A

Building

176 apartments, studios to 2-bed over 20 floors in Business Bay, completed in 2014 by DAMAC. 11 sold in the last 12 months.

Typical price per sqft
AED 1,405 Up 1.9%
Typical sale
AED 1.05M
Typical rent
AED 71K /yr
Typical yield
7.5%
Executive Bay A, Business Bay: prices, sales and rents →

Other units on the 10th floor

All 176 units in Executive Bay A
Value
10012-bedAED 1.35M · May 2017
10031-bedAED 1.1M · Nov 2023
10042-bedAED 915K · Mar 2022
1005StudioAED 580K · Oct 2018
1006StudioAED 440K · May 2021
1007StudioAED 554K · Nov 2014
10082-bedAED 1.18M · Jul 2023
1–7 of 10

1002, Executive Bay A in numbers

  • Sold twice: first on 31 August 2014 for AED 1,115,982, last on 30 January 2018 for AED 1,350,000 (AED 1,289 per sqft).
  • Rented since September 2015 on 2 Ejari contracts, from AED 120,000 to AED 115,310 a year.
  • At AED 115,310 a year the gross yield on the 2018 price is 8.5%, before a service charge of about AED 13,400 a year (AED 12.83 per sqft).
  • Two-beds in Executive Bay A sold for AED 1,305,000–1,471,356 in the 12 months to November 2026; the building's median across all types is AED 1,405 per sqft.

Source: Dubai Land Department. Updated 30 January 2018.

Questions about 1002, Executive Bay A

What did unit 1002 last sell for?

AED 1,350,000 on 30 January 2018: AED 1,289 per sqft for 1,047 sqft. The unit has 2 registered sales; the first was AED 1,115,982 in August 2014.

What is the rent for unit 1002?

AED 115,310 a year on the contract renewed on 20 September 2016. The previous contract, from September 2015, was AED 120,000.

How big is unit 1002?

1,047 sqft (97.3 sqm): a two-bedroom apartment on the 10th floor of a 20-storey tower completed in 2014.

What is unit 1002 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Executive Bay A sold for AED 1,305,000 to 1,471,356 in the last 12 months, around AED 1,307 per sqft.

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Mortgage on 1002, Executive Bay A

Starts from the last sale price (AED 1.35M, 30 January 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,350,000
Deposit, UAE resident (20%)
AED 270,000
Deposit, non-resident (40%)
AED 540,000
Monthly over 25 years at 3.7%
AED 5,523

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →