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2-bed · 1,116 sqftExecutive Bay A, Business Bay · 16th floor · completed 2014

1604, Executive Bay A

Sold prices and rental history: sold once, by the developer in October 2014, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1604 · DLD and Ejari recordsUpdated 27 June 2016
Last soldAED 1.67M20 October 2014
Current rentAED 110K /yr27 June 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1604, Executive Bay A

What is 1604 worth today?

Last sold for AED 1,674,850 in 2014

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27 Jun 2016RentedRenewal
AED 110,000/yr12 months · AED 98 per sqft
27 Jun 2015RentedNew contract
AED 110,000/yr12 months · AED 98 per sqft
20 Oct 2014Sold by developerReady
AED 1,674,850AED 1,500 per sqft

Source: Dubai Land Department. Updated 27 June 2016.

Key facts

Type
2-bed apartment
Size
1,116 sqft
Floor
16th of 20
Parking
B1-5 , B1-99
Developer
DAMAC
Completed
2014
Service charge
AED 14,300 /yr
Last sold
AED 1.67M · October 2014
Building
Executive Bay A

About 1604, Executive Bay A

1604 is a two-bedroom apartment of 1,116 sqft on the 16th floor of Executive Bay A, a 20-storey tower in Business Bay completed in 2014 by DAMAC. The developer sold it on 20 October 2014 for AED 1,674,850, or AED 1,500 per sqft, 13% above the AED 1,326 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 27 June 2016, is AED 110,000 a year: a gross yield of 6.6% on the 2014 price, before the service charge of about AED 14,300 a year.

Sales and rents for 1604 over time

Sales
Unit 1604, 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, October 2014: AED 1,674,850 (AED 1,500 per sqft)

1604 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1604, each contractTypical two-bed in Executive Bay A
75K100K125K2014201820222026Typical 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, June 2015: AED 110,000 a yearRenewal, June 2016: AED 110,000 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 1604 sits

All 59 2-beds →

1604 last sold in October 2014 at AED 1,500 per sqft, 13% above what two-beds in Executive Bay A were fetching at the time (AED 1,326). 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. 1604's AED 110,000 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 16th floor

All 176 units in Executive Bay A
Value
16012-bedAED 1.96M · Aug 2014
16022-bedAED 1.83M · Aug 2014
16031-bedAED 1M · Sep 2024
1605StudioAED 580K · Jun 2018
1606StudioAED 850K · Dec 2024
1607StudioAED 580K · Jun 2018
16082-bedAED 1.5M · Oct 2016
1–7 of 10

1604, Executive Bay A in numbers

  • Sold once: by DAMAC on 20 October 2014 for AED 1,674,850, or AED 1,500 per sqft.
  • Rented since June 2015 on 2 Ejari contracts, at AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2014 price is 6.6%, before a service charge of about AED 14,300 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 27 June 2016.

Questions about 1604, Executive Bay A

What did unit 1604 last sell for?

AED 1,674,850 on 20 October 2014, sold by the developer: AED 1,500 per sqft for 1,116 sqft. It is the only registered sale of the unit.

What is the rent for unit 1604?

AED 110,000 a year on the contract renewed on 27 June 2016. The previous contract, from June 2015, was AED 110,000.

How big is unit 1604?

1,116 sqft (103.7 sqm): a two-bedroom apartment on the 16th floor of a 20-storey tower completed in 2014.

What is unit 1604 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 1604, Executive Bay A

Starts from the last sale price (AED 1.67M, 20 October 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,674,850
Deposit, UAE resident (20%)
AED 334,970
Deposit, non-resident (40%)
AED 669,940
Monthly over 25 years at 3.7%
AED 6,852

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