506, Sol Bay Tower (Fortune Bay Tower)
Sold prices and rental history: sold once, by the developer in November 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Sol Bay Tower (Fortune Bay Tower)
What is 506 worth today?
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Source: Dubai Land Department. Updated 30 November 2024.
Key facts
- Type
- Studio apartment
- Size
- 518 sqft
- Parking
- B3-10
- Developer
- SOL Properties Development
- Completed
- 2020
- Service charge
- AED 7,500 /yr
- Last sold
- AED 871K · November 2022
About 506, Sol Bay Tower (Fortune Bay Tower)
506 is a studio of 518 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 9 November 2022 for AED 870,894, or AED 1,679 per sqft, in line with the AED 1,679 studios in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 30 November 2024, is AED 72,000 a year: a gross yield of 8.3% on the 2022 price, before the service charge of about AED 7,500 a year.
Sales and rents for 506 over time
506 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 506 sits
All 98 studios →506 last sold in November 2022 at AED 1,679 per sqft, in line with what studios in Sol Bay Tower (Fortune Bay Tower) were fetching at the time (AED 1,679). 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. 506's AED 72,000 is in the upper 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%
506, Sol Bay Tower (Fortune Bay Tower) in numbers
- Sold once: by SOL Properties Development on 9 November 2022 for AED 870,894, or AED 1,679 per sqft.
- Rented since September 2022 on 3 Ejari contracts, from AED 45,000 to AED 72,000 a year.
- At AED 72,000 a year the gross yield on the 2022 price is 8.3%, before a service charge of about AED 7,500 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 30 November 2024.
Questions about 506, Sol Bay Tower (Fortune Bay Tower)
What did unit 506 last sell for?
AED 870,894 on 9 November 2022, sold by the developer: AED 1,679 per sqft for 518 sqft. It is the only registered sale of the unit.
What is the rent for unit 506?
AED 72,000 a year on the contract signed on 30 November 2024. The previous contract, from September 2023, was AED 65,000; the unit has been rented since September 2022.
How big is unit 506?
518 sqft (48.1 sqm): a studio of a 19-storey tower completed in 2020.
What is unit 506 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 506, Sol Bay Tower (Fortune Bay Tower)
Starts from the last sale price (AED 871K, 9 November 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 870,894
- Deposit, UAE resident (20%)
- AED 174,179
- Deposit, non-resident (40%)
- AED 348,358
- Monthly over 25 years at 3.7%
- AED 3,563
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →