3-bed · 1,786 sqftResidence 110, Business Bay · 7th floor · completed 2022

701, Residence 110

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

Unit 701 · DLD and Ejari recordsUpdated 1 November 2024
Last soldAED 3.13M7 March 2024
Current rentAED 230K /yr1 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 701, Residence 110

What is 701 worth today?

Last sold for AED 3,128,400 in 2024

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

1 Nov 2024RentedNew contract
AED 229,787/yr36 months · AED 129 per sqft
7 Mar 2024Sold by developerReady
AED 3,128,400AED 1,752 per sqft
10 Nov 2023RentedRenewal
AED 132,545/yr3 months · AED 74 per sqft
10 Nov 2022RentedRenewal
AED 127,050/yr12 months · AED 71 per sqft
10 Nov 2021RentedRenewal
AED 115,500/yr12 months · AED 69 per sqft
10 Nov 2020RentedNew contract
AED 105,000/yr12 months · AED 62 per sqft

Source: Dubai Land Department. Updated 1 November 2024.

Key facts

Type
3-bed apartment
Size
1,786 sqft
Floor
7th of 19
Parking
B2-93, B2-94
Developer
Select Global Development
Completed
2022
Service charge
AED 30,300 /yr
Last sold
AED 3.13M · March 2024

About 701, Residence 110

701 is a three-bedroom apartment of 1,786 sqft on the 7th floor of Residence 110, a 19-storey tower in Business Bay completed in 2022 by Select Global Development. The developer sold it on 7 March 2024 for AED 3,128,400, or AED 1,752 per sqft, in line with the AED 1,746 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 1 November 2024, is AED 229,787 a year: a gross yield of 7.3% on the 2024 price, before the service charge of about AED 30,300 a year.

Sales and rents for 701 over time

Sales
Unit 701, 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, March 2024: AED 3,128,400 (AED 1,752 per sqft)

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

Rents
Unit 701, 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, November 2020: AED 105,000 a yearRenewal, November 2021: AED 115,500 a yearRenewal, November 2022: AED 127,050 a yearRenewal, November 2023: AED 132,545 a yearNew contract, November 2024: AED 229,787 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 701 sits

All 41 3-beds →

701 last sold in March 2024 at AED 1,752 per sqft, in line with what three-beds in Residence 110 were fetching at the time (AED 1,746). 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. 701's AED 229,787 is in the upper 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 7th floor

All 110 units in Residence 110
Value
7021-bedAED 1.89M · Dec 2023
7032-bedAED 2.7M · Oct 2024
7042-bedAED 2.27M · Oct 2024
7051-bedAED 1.79M · May 2024
7063-bedAED 3.48M · May 2024

701, Residence 110 in numbers

  • Sold once: by Select Global Development on 7 March 2024 for AED 3,128,400, or AED 1,752 per sqft.
  • Rented since November 2020 on 5 Ejari contracts, from AED 105,000 to AED 229,787 a year.
  • At AED 229,787 a year the gross yield on the 2024 price is 7.3%, before a service charge of about AED 30,300 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 1 November 2024.

Questions about 701, Residence 110

What did unit 701 last sell for?

AED 3,128,400 on 7 March 2024, sold by the developer: AED 1,752 per sqft for 1,786 sqft. It is the only registered sale of the unit.

What is the rent for unit 701?

AED 229,787 a year on the contract signed on 1 November 2024. The previous contract, from November 2023, was AED 132,545; the unit has been rented since November 2020.

How big is unit 701?

1,786 sqft (165.9 sqm): a three-bedroom apartment on the 7th floor of a 19-storey tower completed in 2022.

What is unit 701 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.

Selling 701? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 701, Residence 110

Starts from the last sale price (AED 3.13M, 7 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,128,400
Deposit, UAE resident (20%)
AED 625,680
Deposit, non-resident (40%)
AED 1,251,360
Monthly over 25 years at 3.7%
AED 12,799

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