1908, Sol Bay Tower (Fortune Bay Tower)
Sold prices and rental history: sold once, by the developer in August 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 1908, Sol Bay Tower (Fortune Bay Tower)
What is 1908 worth today?
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Source: Dubai Land Department. Updated 5 August 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,478 sqft
- Parking
- B3-26, B3-27
- Developer
- SOL Properties Development
- Completed
- 2020
- Service charge
- AED 21,300 /yr
- Last sold
- AED 2.89M · August 2024
About 1908, Sol Bay Tower (Fortune Bay Tower)
1908 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 5 August 2024 for AED 2,888,888, or AED 1,954 per sqft, 6% above the AED 1,841 two-beds in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 2 July 2023, is AED 100,000 a year: a gross yield of 3.5% on the 2024 price, before the service charge of about AED 21,300 a year.
Sales and rents for 1908 over time
1908 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 1908 sits
All 17 2-beds →1908 last sold in August 2024 at AED 1,954 per sqft, 6% above what two-beds in Sol Bay Tower (Fortune Bay Tower) were fetching at the time (AED 1,841). 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. 1908's AED 100,000 is at the bottom 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%
1908, Sol Bay Tower (Fortune Bay Tower) in numbers
- Sold once: by SOL Properties Development on 5 August 2024 for AED 2,888,888, or AED 1,954 per sqft.
- Rented since June 2021 on 3 Ejari contracts, at AED 100,000 a year.
- At AED 100,000 a year the gross yield on the 2024 price is 3.5%, 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 5 August 2024.
Questions about 1908, Sol Bay Tower (Fortune Bay Tower)
What did unit 1908 last sell for?
AED 2,888,888 on 5 August 2024, sold by the developer: AED 1,954 per sqft for 1,478 sqft. It is the only registered sale of the unit.
What is the rent for unit 1908?
AED 100,000 a year on the contract renewed on 2 July 2023. The previous contract, from July 2022, was AED 100,000; the unit has been rented since June 2021.
How big is unit 1908?
1,478 sqft (137.3 sqm): a two-bedroom apartment of a 19-storey tower completed in 2020.
What is unit 1908 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 1908, Sol Bay Tower (Fortune Bay Tower)
Starts from the last sale price (AED 2.89M, 5 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,888,888
- Deposit, UAE resident (20%)
- AED 577,778
- Deposit, non-resident (40%)
- AED 1,155,555
- Monthly over 25 years at 3.7%
- AED 11,819
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →