3-bed · 1,950 sqftResidence 110, Business Bay · 3rd floor · completed 2022

305, Residence 110

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

Unit 305 · DLD and Ejari recordsUpdated 9 January 2024
Last soldAED 3.12M9 January 2024
Current rentAED 135K /yr25 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 305, Residence 110

What is 305 worth today?

Last sold for AED 3,116,100 in 2024

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9 Jan 2024Sold by developerReady
AED 3,116,100AED 1,597 per sqft
25 Apr 2023RentedRenewal
AED 135,289/yr10 months · AED 69 per sqft
25 Oct 2022RentedRenewal
AED 135,000/yr6 months · AED 69 per sqft
25 Oct 2021RentedRenewal
AED 117,300/yr12 months · AED 63 per sqft
25 Oct 2020RentedNew contract
AED 102,000/yr12 months · AED 55 per sqft

Source: Dubai Land Department. Updated 9 January 2024.

Key facts

Type
3-bed apartment
Size
1,950 sqft
Floor
3rd of 19
Parking
B1-78, B1-79
Developer
Select Global Development
Completed
2022
Service charge
AED 33,100 /yr
Last sold
AED 3.12M · January 2024

About 305, Residence 110

305 is a three-bedroom apartment of 1,950 sqft on the 3rd floor of Residence 110, a 19-storey tower in Business Bay completed in 2022 by Select Global Development. The developer sold it on 9 January 2024 for AED 3,116,100, or AED 1,597 per sqft, 7% below the AED 1,715 three-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 25 April 2023, is AED 135,289 a year: a gross yield of 4.3% on the 2024 price, before the service charge of about AED 33,100 a year.

Sales and rents for 305 over time

Sales
Unit 305, each saleTypical three-bed in Residence 110
3.25M3.5M2023202420252026Typical sale price by year: 2023 AED 3,345,720; 2024 AED 3,267,500; 2025 AED 3,614,000Sold by developer, January 2024: AED 3,116,100 (AED 1,597 per sqft)

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

Rents
Unit 305, 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, October 2020: AED 102,000 a yearRenewal, October 2021: AED 117,300 a yearRenewal, October 2022: AED 135,000 a yearRenewal, April 2023: AED 135,289 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 305 sits

All 41 3-beds →

305 last sold in January 2024 at AED 1,597 per sqft, 7% below what three-beds in Residence 110 were fetching at the time (AED 1,715). 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. 305's AED 135,289 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 3rd floor

All 110 units in Residence 110
Value
3013-bedAED 3.09M · Aug 2024
3021-bedAED 1.79M · Oct 2023
3031-bedAED 1.98M · Feb 2024
3043-bedAED 2.93M · Jul 2024

305, Residence 110 in numbers

  • Sold once: by Select Global Development on 9 January 2024 for AED 3,116,100, or AED 1,597 per sqft.
  • Rented since October 2020 on 4 Ejari contracts, from AED 102,000 to AED 135,289 a year.
  • At AED 135,289 a year the gross yield on the 2024 price is 4.3%, 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 9 January 2024.

Questions about 305, Residence 110

What did unit 305 last sell for?

AED 3,116,100 on 9 January 2024, sold by the developer: AED 1,597 per sqft for 1,950 sqft. It is the only registered sale of the unit.

What is the rent for unit 305?

AED 135,289 a year on the contract renewed on 25 April 2023. The previous contract, from October 2022, was AED 135,000; the unit has been rented since October 2020.

How big is unit 305?

1,950 sqft (181.2 sqm): a three-bedroom apartment on the 3rd floor of a 19-storey tower completed in 2022.

What is unit 305 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 305, Residence 110

Starts from the last sale price (AED 3.12M, 9 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,116,100
Deposit, UAE resident (20%)
AED 623,220
Deposit, non-resident (40%)
AED 1,246,440
Monthly over 25 years at 3.7%
AED 12,749

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