2-bed · 1,465 sqftResidence 110, Business Bay · 5th floor · completed 2022

503, Residence 110

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

Unit 503 · DLD and Ejari recordsUpdated 5 February 2024
Last soldAED 2.67M5 February 2024
Current rentAED 99K /yr12 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 503, Residence 110

What is 503 worth today?

Last sold for AED 2,667,000 in 2024

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5 Feb 2024Sold by developerReady
AED 2,667,000AED 1,819 per sqft
12 Oct 2023RentedRenewal
AED 99,032/yr4 months · AED 68 per sqft
12 Oct 2022RentedRenewal
AED 99,000/yr12 months · AED 68 per sqft
12 Oct 2021RentedNew contract
AED 99,000/yr12 months · AED 71 per sqft
25 Sep 2020RentedNew contract
AED 90,000/yr12 months · AED 64 per sqft

Source: Dubai Land Department. Updated 5 February 2024.

Key facts

Type
2-bed apartment
Size
1,465 sqft
Floor
5th of 19
Parking
B2-30, B2-31
Developer
Select Global Development
Completed
2022
Service charge
AED 24,900 /yr
Last sold
AED 2.67M · February 2024

About 503, Residence 110

503 is a two-bedroom apartment of 1,465 sqft on the 5th floor of Residence 110, a 19-storey tower in Business Bay completed in 2022 by Select Global Development. The developer sold it on 5 February 2024 for AED 2,667,000, or AED 1,819 per sqft, 4% below the AED 1,900 two-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 12 October 2023, is AED 99,032 a year: a gross yield of 3.7% on the 2024 price, before the service charge of about AED 24,900 a year.

Sales and rents for 503 over time

Sales
Unit 503, each saleTypical two-bed in Residence 110
2.4M2.6M202320242025Typical sale price by year: 2023 AED 2,382,000; 2024 AED 2,590,000Sold by developer, February 2024: AED 2,667,000 (AED 1,819 per sqft)

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

Rents
Unit 503, 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 90,000 a yearNew contract, October 2021: AED 99,000 a yearRenewal, October 2022: AED 99,000 a yearRenewal, October 2023: AED 99,032 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 503 sits

All 32 2-beds →

503 last sold in February 2024 at AED 1,819 per sqft, 4% below what two-beds in Residence 110 were fetching at the time (AED 1,900). 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. 503's AED 99,032 is at the bottom 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 5th floor

All 110 units in Residence 110
Value
5013-bedAED 3.11M · Aug 2024
5021-bedAED 1.92M · Mar 2024
5042-bedAED 2.25M · Nov 2024
5051-bedAED 1.84M · Feb 2024
5063-bedAED 3.43M · Apr 2025

503, Residence 110 in numbers

  • Sold once: by Select Global Development on 5 February 2024 for AED 2,667,000, or AED 1,819 per sqft.
  • Rented since September 2020 on 4 Ejari contracts, from AED 90,000 to AED 99,032 a year.
  • At AED 99,032 a year the gross yield on the 2024 price is 3.7%, 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 5 February 2024.

Questions about 503, Residence 110

What did unit 503 last sell for?

AED 2,667,000 on 5 February 2024, sold by the developer: AED 1,819 per sqft for 1,465 sqft. It is the only registered sale of the unit.

What is the rent for unit 503?

AED 99,032 a year on the contract renewed on 12 October 2023. The previous contract, from October 2022, was AED 99,000; the unit has been rented since September 2020.

How big is unit 503?

1,465 sqft (136.1 sqm): a two-bedroom apartment on the 5th floor of a 19-storey tower completed in 2022.

What is unit 503 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 503, Residence 110

Starts from the last sale price (AED 2.67M, 5 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,667,000
Deposit, UAE resident (20%)
AED 533,400
Deposit, non-resident (40%)
AED 1,066,800
Monthly over 25 years at 3.7%
AED 10,912

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