1-bed · 1,023 sqftResidence 110, Business Bay · 7th floor · completed 2022

705, Residence 110

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

Unit 705 · DLD and Ejari recordsUpdated 15 May 2024
Last soldAED 1.79M15 May 2024
Current rentAED 77K /yr20 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 705, Residence 110

What is 705 worth today?

Last sold for AED 1,789,590 in 2024

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15 May 2024Sold by developerReady
AED 1,789,590AED 1,748 per sqft
20 Jan 2023RentedRenewal
AED 77,175/yr12 months · AED 75 per sqft
20 Jan 2022RentedRenewal
AED 73,500/yr12 months · AED 81 per sqft
20 Jan 2021RentedNew contract
AED 70,000/yr12 months · AED 78 per sqft
1 Jul 2020RentedNew contract
AED 74,000/yr12 months · AED 82 per sqft

Source: Dubai Land Department. Updated 15 May 2024.

Key facts

Type
1-bed apartment
Size
1,023 sqft
Floor
7th of 19
Parking
B2-24
Developer
Select Global Development
Completed
2022
Service charge
AED 17,400 /yr
Last sold
AED 1.79M · May 2024

About 705, Residence 110

705 is a one-bedroom apartment of 1,023 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 15 May 2024 for AED 1,789,590, or AED 1,748 per sqft, 5% below the AED 1,831 one-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 20 January 2023, is AED 77,175 a year: a gross yield of 4.3% on the 2024 price, before the service charge of about AED 17,400 a year.

Sales and rents for 705 over time

Sales
Unit 705, each saleTypical one-bed in Residence 110
1.5M1.75M2M20232024202520262027Typical sale price by year: 2023 AED 1,790,688; 2024 AED 1,986,025; 2026 AED 1,500,000Sold by developer, May 2024: AED 1,789,590 (AED 1,748 per sqft)

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

Rents
Unit 705, each contractTypical one-bed in Residence 110
75K100K125K2020202220242026Typical rent by year: 2020 AED 70,000; 2021 AED 73,923; 2022 AED 77,700; 2023 AED 77,299; 2024 AED 120,000; 2025 AED 125,000; 2026 AED 120,000New contract, July 2020: AED 74,000 a yearNew contract, January 2021: AED 70,000 a yearRenewal, January 2022: AED 73,500 a yearRenewal, January 2023: AED 77,175 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Residence 110, and where 705 sits

All 36 1-beds →

705 last sold in May 2024 at AED 1,748 per sqft, 5% below what one-beds in Residence 110 were fetching at the time (AED 1,831). Over the last 12 months one-beds sold for AED 900,000 to 2,060,000, around AED 1,473 per sqft, and rent for AED 100,000 to 139,625 a year. 705's AED 77,175 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
17 Jun 20261,500,000
29 Jan 2026900,000
28 Jan 20262,060,000
10 Feb 20252,002,000
3 1-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 155K /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
7013-bedAED 3.13M · Mar 2024
7021-bedAED 1.89M · Dec 2023
7032-bedAED 2.7M · Oct 2024
7042-bedAED 2.27M · Oct 2024
7063-bedAED 3.48M · May 2024

705, Residence 110 in numbers

  • Sold once: by Select Global Development on 15 May 2024 for AED 1,789,590, or AED 1,748 per sqft.
  • Rented since July 2020 on 4 Ejari contracts, from AED 74,000 to AED 77,175 a year.
  • At AED 77,175 a year the gross yield on the 2024 price is 4.3%, before a service charge of about AED 17,400 a year (AED 16.99 per sqft).
  • One-beds in Residence 110 sold for AED 900,000–2,060,000 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 15 May 2024.

Questions about 705, Residence 110

What did unit 705 last sell for?

AED 1,789,590 on 15 May 2024, sold by the developer: AED 1,748 per sqft for 1,023 sqft. It is the only registered sale of the unit.

What is the rent for unit 705?

AED 77,175 a year on the contract renewed on 20 January 2023. The previous contract, from January 2022, was AED 73,500; the unit has been rented since July 2020.

How big is unit 705?

1,023 sqft (95.0 sqm): a one-bedroom apartment on the 7th floor of a 19-storey tower completed in 2022.

What is unit 705 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Residence 110 sold for AED 900,000 to 2,060,000 in the last 12 months, around AED 1,473 per sqft.

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Mortgage on 705, Residence 110

Starts from the last sale price (AED 1.79M, 15 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,789,590
Deposit, UAE resident (20%)
AED 357,918
Deposit, non-resident (40%)
AED 715,836
Monthly over 25 years at 3.7%
AED 7,322

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