2-bed · 1,466 sqftResidence 110, Business Bay · 16th floor · completed 2022

1603, Residence 110

Sold prices and rental history: sold once, by the developer in February 2023, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1603 · DLD and Ejari recordsUpdated 10 February 2023
Last soldAED 2.79M10 February 2023
Current rentAED 140K /yr15 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1603, Residence 110

What is 1603 worth today?

Last sold for AED 2,786,565 in 2023

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10 Feb 2023Sold by developerReady
AED 2,786,565AED 1,901 per sqft
15 Oct 2022RentedNew contract
AED 140,000/yr12 months · AED 96 per sqft
1 Sep 2021RentedRenewal
AED 99,750/yr12 months · AED 71 per sqft
1 Sep 2020RentedNew contract
AED 95,000/yr12 months · AED 68 per sqft

Source: Dubai Land Department. Updated 10 February 2023.

Key facts

Type
2-bed apartment
Size
1,466 sqft
Floor
16th of 19
Parking
B2-69, B2-70
Developer
Select Global Development
Completed
2022
Service charge
AED 24,900 /yr
Last sold
AED 2.79M · February 2023

About 1603, Residence 110

1603 is a two-bedroom apartment of 1,466 sqft on the 16th floor of Residence 110, a 19-storey tower in Business Bay completed in 2022 by Select Global Development. The developer sold it on 10 February 2023 for AED 2,786,565, or AED 1,901 per sqft.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 15 October 2022, is AED 140,000 a year: a gross yield of 5.0% on the 2023 price, before the service charge of about AED 24,900 a year.

Sales and rents for 1603 over time

Sales
Unit 1603, each saleTypical two-bed in Residence 110
2.4M2.6M2.8M202320242025Typical sale price by year: 2023 AED 2,382,000; 2024 AED 2,590,000Sold by developer, February 2023: AED 2,786,565 (AED 1,901 per sqft)

1603 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1603, each contractTypical two-bed in Residence 110
100K150K2020202220242026Typical rent by year: 2020 AED 90,000; 2021 AED 92,400; 2022 AED 99,000; 2023 AED 98,557; 2024 AED 160,000; 2025 AED 165,000; 2026 AED 164,779New contract, September 2020: AED 95,000 a yearRenewal, September 2021: AED 99,750 a yearNew contract, October 2022: AED 140,000 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 Residence 110, and where 1603 sits

All 32 2-beds →

Over the last 12 months two-beds sold for AED 2,200,000 to 2,300,000, around AED 1,925 per sqft, and rent for AED 120,000 to 186,000 a year. 1603's AED 140,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
15 Sep 20262,200,000
6 Aug 20262,300,000
21 Oct 20252,050,000
9 Dec 20242,681,000
2 2-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 16th floor

All 110 units in Residence 110
Value
16013-bedAED 3.17M · Sep 2024
16021-bedAED 2.09M · Nov 2024
16042-bedAED 2.34M · Jan 2024
16051-bedAED 2.01M · Oct 2024
16063-bedAED 3.69M · Feb 2024

1603, Residence 110 in numbers

  • Sold once: by Select Global Development on 10 February 2023 for AED 2,786,565, or AED 1,901 per sqft.
  • Rented since September 2020 on 3 Ejari contracts, from AED 95,000 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2023 price is 5.0%, before a service charge of about AED 24,900 a year (AED 16.99 per sqft).
  • Two-beds in Residence 110 sold for AED 2,200,000–2,300,000 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 10 February 2023.

Questions about 1603, Residence 110

What did unit 1603 last sell for?

AED 2,786,565 on 10 February 2023, sold by the developer: AED 1,901 per sqft for 1,466 sqft. It is the only registered sale of the unit.

What is the rent for unit 1603?

AED 140,000 a year on the contract signed on 15 October 2022. The previous contract, from September 2021, was AED 99,750; the unit has been rented since September 2020.

How big is unit 1603?

1,466 sqft (136.2 sqm): a two-bedroom apartment on the 16th floor of a 19-storey tower completed in 2022.

What is unit 1603 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Residence 110 sold for AED 2,200,000 to 2,300,000 in the last 12 months, around AED 1,925 per sqft.

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Mortgage on 1603, Residence 110

Starts from the last sale price (AED 2.79M, 10 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,786,565
Deposit, UAE resident (20%)
AED 557,313
Deposit, non-resident (40%)
AED 1,114,626
Monthly over 25 years at 3.7%
AED 11,401

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