1608, 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 1608, Sol Bay Tower (Fortune Bay Tower)
What is 1608 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 1 November 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,478 sqft
- Parking
- B3-33, B3-34
- Developer
- SOL Properties Development
- Completed
- 2020
- Service charge
- AED 21,300 /yr
- Last sold
- AED 2.76M · September 2024
About 1608, Sol Bay Tower (Fortune Bay Tower)
1608 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 20 September 2024 for AED 2,758,888, or AED 1,866 per sqft, in line with the AED 1,914 two-beds in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 1 November 2024, is AED 170,000 a year: a gross yield of 6.2% on the 2024 price, before the service charge of about AED 21,300 a year.
Sales and rents for 1608 over time
1608 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 1608 sits
All 17 2-beds →1608 last sold in September 2024 at AED 1,866 per sqft, in line with what two-beds in Sol Bay Tower (Fortune Bay Tower) were fetching at the time (AED 1,914). 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. 1608's AED 170,000 is at the top 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 | ||
| 19 Sep 202419 September 2024 | 1,478 sqft | 2,768,888 | 1,873 |
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%
1608, Sol Bay Tower (Fortune Bay Tower) in numbers
- Sold once: by SOL Properties Development on 20 September 2024 for AED 2,758,888, or AED 1,866 per sqft.
- Rented since April 2021 on 3 Ejari contracts, from AED 95,000 to AED 170,000 a year.
- At AED 170,000 a year the gross yield on the 2024 price is 6.2%, 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 1 November 2024.
Questions about 1608, Sol Bay Tower (Fortune Bay Tower)
What did unit 1608 last sell for?
AED 2,758,888 on 20 September 2024, sold by the developer: AED 1,866 per sqft for 1,478 sqft. It is the only registered sale of the unit.
What is the rent for unit 1608?
AED 170,000 a year on the contract signed on 1 November 2024. The previous contract, from May 2022, was AED 100,000; the unit has been rented since April 2021.
How big is unit 1608?
1,478 sqft (137.3 sqm): a two-bedroom apartment of a 19-storey tower completed in 2020.
What is unit 1608 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.
Selling 1608? 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 1608, Sol Bay Tower (Fortune Bay Tower)
Starts from the last sale price (AED 2.76M, 20 September 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,758,888
- Deposit, UAE resident (20%)
- AED 551,778
- Deposit, non-resident (40%)
- AED 1,103,555
- Monthly over 25 years at 3.7%
- AED 11,287
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →