2-bed · 1,236 sqftResidence 110, Business Bay · 6th floor · completed 2022

604, Residence 110

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

Unit 604 · DLD and Ejari recordsUpdated 7 June 2024
Last soldAED 2.26M7 June 2024
Current rentAED 91K /yr25 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 604, Residence 110

What is 604 worth today?

Last sold for AED 2,262,000 in 2024

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7 Jun 2024Sold by developerReady
AED 2,262,000AED 1,830 per sqft
25 Aug 2023RentedNew contract
AED 91,480/yr9 months · AED 74 per sqft
4 Nov 2022RentedRenewal
AED 91,350/yr12 months · AED 74 per sqft
4 Nov 2021RentedNew contract
AED 87,000/yr12 months · AED 75 per sqft
15 Oct 2020RentedNew contract
AED 80,000/yr12 months · AED 69 per sqft

Source: Dubai Land Department. Updated 7 June 2024.

Key facts

Type
2-bed apartment
Size
1,236 sqft
Floor
6th of 19
Parking
B2-107, B2-108
Developer
Select Global Development
Completed
2022
Service charge
AED 21,000 /yr
Last sold
AED 2.26M · June 2024

About 604, Residence 110

604 is a two-bedroom apartment of 1,236 sqft on the 6th floor of Residence 110, a 19-storey tower in Business Bay completed in 2022 by Select Global Development. The developer sold it on 7 June 2024 for AED 2,262,000, or AED 1,830 per sqft, 3% below the AED 1,888 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 25 August 2023, is AED 91,480 a year: a gross yield of 4.0% on the 2024 price, before the service charge of about AED 21,000 a year.

Sales and rents for 604 over time

Sales
Unit 604, 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, June 2024: AED 2,262,000 (AED 1,830 per sqft)

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

Rents
Unit 604, 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, October 2020: AED 80,000 a yearNew contract, November 2021: AED 87,000 a yearRenewal, November 2022: AED 91,350 a yearNew contract, August 2023: AED 91,480 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 604 sits

All 32 2-beds →

604 last sold in June 2024 at AED 1,830 per sqft, 3% below what two-beds in Residence 110 were fetching at the time (AED 1,888). 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. 604's AED 91,480 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 6th floor

All 110 units in Residence 110
Value
6013-bedAED 3.45M · Jul 2024
6022-bedAED 2.2M · Sep 2026
6032-bedAED 2.68M · Dec 2024
6051-bedAED 1.79M · Sep 2024
6063-bedAED 3.48M · Jul 2024

604, Residence 110 in numbers

  • Sold once: by Select Global Development on 7 June 2024 for AED 2,262,000, or AED 1,830 per sqft.
  • Rented since October 2020 on 4 Ejari contracts, from AED 80,000 to AED 91,480 a year.
  • At AED 91,480 a year the gross yield on the 2024 price is 4.0%, before a service charge of about AED 21,000 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 7 June 2024.

Questions about 604, Residence 110

What did unit 604 last sell for?

AED 2,262,000 on 7 June 2024, sold by the developer: AED 1,830 per sqft for 1,236 sqft. It is the only registered sale of the unit.

What is the rent for unit 604?

AED 91,480 a year on the contract signed on 25 August 2023. The previous contract, from November 2022, was AED 91,350; the unit has been rented since October 2020.

How big is unit 604?

1,236 sqft (114.8 sqm): a two-bedroom apartment on the 6th floor of a 19-storey tower completed in 2022.

What is unit 604 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 604, Residence 110

Starts from the last sale price (AED 2.26M, 7 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,262,000
Deposit, UAE resident (20%)
AED 452,400
Deposit, non-resident (40%)
AED 904,800
Monthly over 25 years at 3.7%
AED 9,255

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