1017, Sol Bay Tower (Fortune Bay Tower)
Sold prices and rental history: sold once, by the developer in November 2022, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1017, Sol Bay Tower (Fortune Bay Tower)
What is 1017 worth today?
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Source: Dubai Land Department. Updated 12 October 2024.
Key facts
- Type
- Studio apartment
- Size
- 492 sqft
- Parking
- B3-103
- Developer
- SOL Properties Development
- Completed
- 2020
- Service charge
- AED 7,100 /yr
- Last sold
- AED 826K · November 2022
About 1017, Sol Bay Tower (Fortune Bay Tower)
1017 is a studio of 492 sqft of Sol Bay Tower (Fortune Bay Tower), a 19-storey tower in Business Bay completed in 2020 by SOL Properties Development. The developer sold it on 29 November 2022 for AED 826,228, or AED 1,679 per sqft, in line with the AED 1,679 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 12 October 2024, is AED 66,000 a year: a gross yield of 8.0% on the 2022 price, before the service charge of about AED 7,100 a year.
Sales and rents for 1017 over time
1017 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Sol Bay Tower (Fortune Bay Tower), and where 1017 sits
All 98 studios →1017 last sold in November 2022 at AED 1,679 per sqft, in line with what studios in Sol Bay Tower (Fortune Bay Tower) were fetching at the time (AED 1,679). Over the last 12 months studios sold for AED 940,000 to 1,400,000, around AED 2,221 per sqft, and rent for AED 52,000 to 90,000 a year. 1017's AED 66,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Aug 202613 August 2026 | 492 sqft | 940,000 | 1,911 | ||
| 26 Feb 202626 February 2026 | 521 sqft | 1,148,455 | 2,203 | ||
| 25 Feb 202625 February 2026 | 509 sqft | 1,139,050 | 2,239 | ||
| 25 Feb 202625 February 2026 | 509 sqft | 1,148,455 | 2,254 |
Sol Bay Tower (Fortune Bay Tower)
Building36 apartments, studios to 2-bed over 19 floors in Business Bay, completed in 2020 by SOL Properties Development. 31 sold in the last 12 months.
- Typical price per sqft
- AED 2,213 Up 13.6%
- Typical sale
- AED 1.9M
- Typical rent
- AED 82K /yr
- Typical yield
- 5.0%
1017, Sol Bay Tower (Fortune Bay Tower) in numbers
- Sold once: by SOL Properties Development on 29 November 2022 for AED 826,228, or AED 1,679 per sqft.
- Rented since September 2021 on 4 Ejari contracts, from AED 45,000 to AED 66,000 a year.
- At AED 66,000 a year the gross yield on the 2022 price is 8.0%, before a service charge of about AED 7,100 a year (AED 14.39 per sqft).
- Studios in Sol Bay Tower (Fortune Bay Tower) sold for AED 940,000–1,400,000 in the 12 months to November 2026; the building's median across all types is AED 2,213 per sqft.
Source: Dubai Land Department. Updated 12 October 2024.
Questions about 1017, Sol Bay Tower (Fortune Bay Tower)
What did unit 1017 last sell for?
AED 826,228 on 29 November 2022, sold by the developer: AED 1,679 per sqft for 492 sqft. It is the only registered sale of the unit.
What is the rent for unit 1017?
AED 66,000 a year on the contract signed on 12 October 2024. The previous contract, from September 2023, was AED 47,250; the unit has been rented since September 2021.
How big is unit 1017?
492 sqft (45.7 sqm): a studio of a 19-storey tower completed in 2020.
What is unit 1017 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Sol Bay Tower (Fortune Bay Tower) sold for AED 940,000 to 1,400,000 in the last 12 months, around AED 2,221 per sqft.
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Mortgage on 1017, Sol Bay Tower (Fortune Bay Tower)
Starts from the last sale price (AED 826K, 29 November 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 826,228
- Deposit, UAE resident (20%)
- AED 165,246
- Deposit, non-resident (40%)
- AED 330,491
- Monthly over 25 years at 3.7%
- AED 3,380
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →