1506, Sol Bay Tower (Fortune Bay Tower)
Sold prices and rental history: sold once, by the developer in October 2024, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1506, Sol Bay Tower (Fortune Bay Tower)
What is 1506 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 11 October 2024.
Key facts
- Type
- Studio apartment
- Size
- 512 sqft
- Parking
- B3-129
- Developer
- SOL Properties Development
- Completed
- 2020
- Service charge
- AED 7,400 /yr
- Last sold
- AED 1.06M · October 2024
About 1506, Sol Bay Tower (Fortune Bay Tower)
1506 is a studio of 512 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 11 October 2024 for AED 1,058,888, or AED 2,067 per sqft, 7% above the AED 1,935 studios in the building were fetching at the time.
It has been rented since 2020 on 2 Ejari contracts. The current contract, renewed on 27 November 2021, is AED 42,000 a year: a gross yield of 4.0% on the 2024 price, before the service charge of about AED 7,400 a year.
Sales and rents for 1506 over time
1506 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 1506 sits
All 98 studios →1506 last sold in October 2024 at AED 2,067 per sqft, 7% above what studios in Sol Bay Tower (Fortune Bay Tower) were fetching at the time (AED 1,935). 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. 1506's AED 42,000 is at the bottom 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%
1506, Sol Bay Tower (Fortune Bay Tower) in numbers
- Sold once: by SOL Properties Development on 11 October 2024 for AED 1,058,888, or AED 2,067 per sqft.
- Rented since November 2020 on 2 Ejari contracts, from AED 40,000 to AED 42,000 a year.
- At AED 42,000 a year the gross yield on the 2024 price is 4.0%, before a service charge of about AED 7,400 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 11 October 2024.
Questions about 1506, Sol Bay Tower (Fortune Bay Tower)
What did unit 1506 last sell for?
AED 1,058,888 on 11 October 2024, sold by the developer: AED 2,067 per sqft for 512 sqft. It is the only registered sale of the unit.
What is the rent for unit 1506?
AED 42,000 a year on the contract renewed on 27 November 2021. The previous contract, from November 2020, was AED 40,000.
How big is unit 1506?
512 sqft (47.6 sqm): a studio of a 19-storey tower completed in 2020.
What is unit 1506 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.
Selling 1506? 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.
Mortgage on 1506, Sol Bay Tower (Fortune Bay Tower)
Starts from the last sale price (AED 1.06M, 11 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,058,888
- Deposit, UAE resident (20%)
- AED 211,778
- Deposit, non-resident (40%)
- AED 423,555
- Monthly over 25 years at 3.7%
- AED 4,332
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →