1516, Sol Bay Tower (Fortune Bay Tower)
Sold prices and rental history: sold once, by the developer in May 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1516, Sol Bay Tower (Fortune Bay Tower)
What is 1516 worth today?
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Source: Dubai Land Department. Updated 20 May 2024.
Key facts
- Type
- Studio apartment
- Size
- 506 sqft
- Parking
- B3-132
- Developer
- SOL Properties Development
- Completed
- 2020
- Service charge
- AED 7,300 /yr
- Last sold
- AED 969K · May 2024
About 1516, Sol Bay Tower (Fortune Bay Tower)
1516 is a studio of 506 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 20 May 2024 for AED 968,888, or AED 1,916 per sqft, 3% above the AED 1,858 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1516 over time
1516 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 1516 sits
All 98 studios →1516 last sold in May 2024 at AED 1,916 per sqft, 3% above what studios in Sol Bay Tower (Fortune Bay Tower) were fetching at the time (AED 1,858). 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.
| 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%
1516, Sol Bay Tower (Fortune Bay Tower) in numbers
- Sold once: by SOL Properties Development on 20 May 2024 for AED 968,888, or AED 1,916 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 20 May 2024.
Questions about 1516, Sol Bay Tower (Fortune Bay Tower)
What did unit 1516 last sell for?
AED 968,888 on 20 May 2024, sold by the developer: AED 1,916 per sqft for 506 sqft. It is the only registered sale of the unit.
How big is unit 1516?
506 sqft (47.0 sqm): a studio of a 19-storey tower completed in 2020.
What is unit 1516 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 1516, Sol Bay Tower (Fortune Bay Tower)
Starts from the last sale price (AED 969K, 20 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 968,888
- Deposit, UAE resident (20%)
- AED 193,778
- Deposit, non-resident (40%)
- AED 387,555
- Monthly over 25 years at 3.7%
- AED 3,964
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →