1408, Sol Bay Tower (Fortune Bay Tower)
Sold prices and rental history: sold once, by the developer in September 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1408, Sol Bay Tower (Fortune Bay Tower)
What is 1408 worth today?
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Source: Dubai Land Department. Updated 18 September 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,478 sqft
- Parking
- B3-37, B3-38
- Developer
- SOL Properties Development
- Completed
- 2020
- Service charge
- AED 21,300 /yr
- Last sold
- AED 3.03M · September 2024
About 1408, Sol Bay Tower (Fortune Bay Tower)
1408 is a two-bedroom apartment of 1,478 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 18 September 2024 for AED 3,027,850, or AED 2,048 per sqft, 4% above the AED 1,975 two-beds in the building were fetching at the time.
It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 13 February 2022, is AED 130,000 a year: a gross yield of 4.3% on the 2024 price, before the service charge of about AED 21,300 a year.
Sales and rents for 1408 over time
1408 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Sol Bay Tower (Fortune Bay Tower), and where 1408 sits
All 17 2-beds →1408 last sold in September 2024 at AED 2,048 per sqft, 4% above what two-beds in Sol Bay Tower (Fortune Bay Tower) were fetching at the time (AED 1,975). Over the last 12 months two-beds sold for AED 2,400,000 to 2,450,000, around AED 1,640 per sqft, and rent for AED 120,000 to 160,000 a year. 1408's AED 130,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Nov 20263 November 2026 | 1,478 sqft | 2,450,000 | 1,657 | ||
| 26 Aug 202626 August 2026 | 1,478 sqft | 2,400,000 | 1,623 | ||
| 20 Oct 202420 October 2024 | 1,478 sqft | 2,738,888 | 1,853 | ||
| 20 Sep 202420 September 2024 | 1,478 sqft | 2,758,888 | 1,866 |
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%
1408, Sol Bay Tower (Fortune Bay Tower) in numbers
- Sold once: by SOL Properties Development on 18 September 2024 for AED 3,027,850, or AED 2,048 per sqft.
- Rented since January 2021 on 2 Ejari contracts, from AED 125,000 to AED 130,000 a year.
- At AED 130,000 a year the gross yield on the 2024 price is 4.3%, before a service charge of about AED 21,300 a year (AED 14.39 per sqft).
- Two-beds in Sol Bay Tower (Fortune Bay Tower) sold for AED 2,400,000–2,450,000 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 18 September 2024.
Questions about 1408, Sol Bay Tower (Fortune Bay Tower)
What did unit 1408 last sell for?
AED 3,027,850 on 18 September 2024, sold by the developer: AED 2,048 per sqft for 1,478 sqft. It is the only registered sale of the unit.
What is the rent for unit 1408?
AED 130,000 a year on the contract signed on 13 February 2022. The previous contract, from January 2021, was AED 125,000.
How big is unit 1408?
1,478 sqft (137.3 sqm): a two-bedroom apartment of a 19-storey tower completed in 2020.
What is unit 1408 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Sol Bay Tower (Fortune Bay Tower) sold for AED 2,400,000 to 2,450,000 in the last 12 months, around AED 1,640 per sqft.
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Mortgage on 1408, Sol Bay Tower (Fortune Bay Tower)
Starts from the last sale price (AED 3.03M, 18 September 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 3,027,850
- Deposit, UAE resident (20%)
- AED 605,570
- Deposit, non-resident (40%)
- AED 1,211,140
- Monthly over 25 years at 3.7%
- AED 12,388
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →