3-bed · 1,951 sqftResidence 110, Business Bay · 14th floor · completed 2022

1406, Residence 110

Sold prices and rental history: sold once, by the developer in September 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1406 · DLD and Ejari recordsUpdated 11 September 2024
Last soldAED 3.65M11 September 2024
Current rentAED 127K /yr18 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1406, Residence 110

What is 1406 worth today?

Last sold for AED 3,647,000 in 2024

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11 Sep 2024Sold by developerReady
AED 3,647,000AED 1,869 per sqft
18 Apr 2024RentedNew contract
AED 127,169/yr7 months · AED 65 per sqft
15 Mar 2023RentedRenewal
AED 127,588/yr11 months · AED 65 per sqft
15 Sep 2022RentedRenewal
AED 133,403/yr6 months · AED 68 per sqft
15 Sep 2021RentedRenewal
AED 121,000/yr12 months · AED 65 per sqft
15 Aug 2020RentedNew contract
AED 101,538/yr13 months · AED 55 per sqft

Source: Dubai Land Department. Updated 11 September 2024.

Key facts

Type
3-bed apartment
Size
1,951 sqft
Floor
14th of 19
Parking
B1-84, B1-85
Developer
Select Global Development
Completed
2022
Service charge
AED 33,100 /yr
Last sold
AED 3.65M · September 2024

About 1406, Residence 110

1406 is a three-bedroom apartment of 1,951 sqft on the 14th floor of Residence 110, a 19-storey tower in Business Bay completed in 2022 by Select Global Development. The developer sold it on 11 September 2024 for AED 3,647,000, or AED 1,869 per sqft, 4% above the AED 1,793 three-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 18 April 2024, is AED 127,169 a year: a gross yield of 3.5% on the 2024 price, before the service charge of about AED 33,100 a year.

Sales and rents for 1406 over time

Sales
Unit 1406, each saleTypical three-bed in Residence 110
3.2M3.4M3.6M2023202420252026Typical sale price by year: 2023 AED 3,345,720; 2024 AED 3,267,500; 2025 AED 3,614,000Sold by developer, September 2024: AED 3,647,000 (AED 1,869 per sqft)

1406 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1406, each contractTypical three-bed in Residence 110
100K200K2020202220242026Typical rent by year: 2020 AED 103,000; 2021 AED 115,000; 2022 AED 126,000; 2023 AED 132,268; 2024 AED 207,500; 2025 AED 215,000; 2026 AED 220,000New contract, August 2020: AED 101,538 a yearRenewal, September 2021: AED 121,000 a yearRenewal, September 2022: AED 133,403 a yearRenewal, March 2023: AED 127,588 a yearNew contract, April 2024: AED 127,169 a year

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

3-beds in Residence 110, and where 1406 sits

All 41 3-beds →

1406 last sold in September 2024 at AED 1,869 per sqft, 4% above what three-beds in Residence 110 were fetching at the time (AED 1,793). Over the last 12 months three-beds sold for AED 3,420,000 to 3,550,000, around AED 1,952 per sqft, and rent for AED 120,000 to 270,000 a year. 1406's AED 127,169 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
2 Sep 20263,550,000
5 Jun 20263,420,000
12 Aug 20253,500,000
21 Jul 20253,628,000
2 3-bed sales in the last 12 months

Residence 110

Building

110 apartments, studios to 3-bed over 19 floors in Business Bay, completed in 2022 by Select Global Development. 7 sold in the last 12 months.

Typical price per sqft
AED 1,862
Typical sale
AED 2.2M
Typical rent
AED 153K /yr
Typical yield
6.3%
Residence 110, Business Bay: prices, sales and rents →

Other units on the 14th floor

All 110 units in Residence 110
Value
14013-bedAED 3.29M · Jul 2024
14021-bedAED 2.05M · Apr 2024
14032-bedAED 2.77M · Feb 2024
14042-bedAED 2.36M · Sep 2023
14051-bedAED 1.99M · Apr 2024

1406, Residence 110 in numbers

  • Sold once: by Select Global Development on 11 September 2024 for AED 3,647,000, or AED 1,869 per sqft.
  • Rented since August 2020 on 5 Ejari contracts, from AED 101,538 to AED 127,169 a year.
  • At AED 127,169 a year the gross yield on the 2024 price is 3.5%, before a service charge of about AED 33,100 a year (AED 16.99 per sqft).
  • Three-beds in Residence 110 sold for AED 3,420,000–3,550,000 in the 12 months to November 2026; the building's median across all types is AED 1,862 per sqft.

Source: Dubai Land Department. Updated 11 September 2024.

Questions about 1406, Residence 110

What did unit 1406 last sell for?

AED 3,647,000 on 11 September 2024, sold by the developer: AED 1,869 per sqft for 1,951 sqft. It is the only registered sale of the unit.

What is the rent for unit 1406?

AED 127,169 a year on the contract signed on 18 April 2024. The previous contract, from March 2023, was AED 127,588; the unit has been rented since August 2020.

How big is unit 1406?

1,951 sqft (181.3 sqm): a three-bedroom apartment on the 14th floor of a 19-storey tower completed in 2022.

What is unit 1406 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Residence 110 sold for AED 3,420,000 to 3,550,000 in the last 12 months, around AED 1,952 per sqft.

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Mortgage on 1406, Residence 110

Starts from the last sale price (AED 3.65M, 11 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,647,000
Deposit, UAE resident (20%)
AED 729,400
Deposit, non-resident (40%)
AED 1,458,800
Monthly over 25 years at 3.7%
AED 14,921

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