1606, Sol Bay Tower (Fortune Bay Tower)
Sold prices and rental history: sold once, by the developer in April 2024, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1606, Sol Bay Tower (Fortune Bay Tower)
What is 1606 worth today?
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Source: Dubai Land Department. Updated 31 January 2025.
Key facts
- Type
- Studio apartment
- Size
- 512 sqft
- Parking
- B3-135
- Developer
- SOL Properties Development
- Completed
- 2020
- Service charge
- AED 7,400 /yr
- Last sold
- AED 969K · April 2024
About 1606, Sol Bay Tower (Fortune Bay Tower)
1606 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 28 April 2024 for AED 968,888, or AED 1,891 per sqft, in line with the AED 1,858 studios in the building were fetching at the time.
It has been rented since 2024 on 3 Ejari contracts. The current contract, signed on 31 January 2025, is AED 70,000 a year: a gross yield of 7.2% on the 2024 price, before the service charge of about AED 7,400 a year.
Sales and rents for 1606 over time
1606 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 1606 sits
All 98 studios →1606 last sold in April 2024 at AED 1,891 per sqft, in line with 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. 1606's AED 70,000 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%
1606, Sol Bay Tower (Fortune Bay Tower) in numbers
- Sold once: by SOL Properties Development on 28 April 2024 for AED 968,888, or AED 1,891 per sqft.
- Rented since June 2024 on 3 Ejari contracts, at AED 70,000 a year.
- At AED 70,000 a year the gross yield on the 2024 price is 7.2%, 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 31 January 2025.
Questions about 1606, Sol Bay Tower (Fortune Bay Tower)
What did unit 1606 last sell for?
AED 968,888 on 28 April 2024, sold by the developer: AED 1,891 per sqft for 512 sqft. It is the only registered sale of the unit.
What is the rent for unit 1606?
AED 70,000 a year on the contract signed on 31 January 2025. The previous contract, from October 2024, was AED 96,000; the unit has been rented since June 2024.
How big is unit 1606?
512 sqft (47.6 sqm): a studio of a 19-storey tower completed in 2020.
What is unit 1606 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 1606, Sol Bay Tower (Fortune Bay Tower)
Starts from the last sale price (AED 969K, 28 April 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 →