Studio · 325 sqftThe One Hotel, Business Bay · 2nd floor · completed 2019

228, The One Hotel

Sold prices and rental history: sold twice, last in August 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 228 · DLD and Ejari recordsUpdated 26 August 2024
Last soldAED 1.45M26 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 228, The One Hotel

What is 228 worth today?

Last sold for AED 1,449,567 in 2024

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26 Aug 2024SoldReady
AED 1,449,567AED 4,462 per sqft
22 Aug 2022Sold by developerOff-plan
AED 1,291,500AED 3,975 per sqft

Source: Dubai Land Department. Updated 26 August 2024.

Key facts

Type
Studio hotel apartment
Size
325 sqft
Floor
2nd of 16
Parking
EU
Developer
TFG Real Estate
Completed
2019
Last sold
AED 1.45M · August 2024

About 228, The One Hotel

228 is a studio of 325 sqft on the 2nd floor of The One Hotel, a 16-storey tower in Business Bay completed in 2019 by TFG Real Estate. It last sold on 26 August 2024 for AED 1,449,567, or AED 4,462 per sqft, 8% above the AED 4,115 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 228 over time

Sales
Unit 228, each saleTypical studio in The One Hotel
1.3M1.4M1.5M2017202020232026Typical sale price by year: 2017 AED 1,495,000; 2018 AED 1,413,000; 2019 AED 1,458,351; 2020 AED 1,413,000; 2021 AED 1,449,650; 2022 AED 1,380,000; 2023 AED 1,291,500; 2024 AED 1,372,473; 2025 AED 1,493,000; 2026 AED 1,442,935Sold by developer, August 2022: AED 1,291,500 (AED 3,975 per sqft)Sold, August 2024: AED 1,449,567 (AED 4,462 per sqft)

228 has sold twice; the dashed line is the studio median of each year in the building.

Studios in The One Hotel, and where 228 sits

All 448 studios →

228 last sold in August 2024 at AED 4,462 per sqft, 8% above what studios in The One Hotel were fetching at the time (AED 4,115). Over the last 12 months studios sold for AED 851,560 to 1,710,000, around AED 4,547 per sqft.

Recent studio salesUnit no.Price (AED)Summary
28 Oct 20261,550,000
22 Oct 20261,435,000
22 Oct 20261,527,950
15 Oct 20261,401,450
25 studio sales in the last 12 months

The One Hotel

Building

490 apartments, studios to 1-bed over 16 floors in Business Bay, completed in 2019 by TFG Real Estate. 28 sold in the last 12 months.

Typical price per sqft
AED 4,478 Down 0.8%
Typical sale
AED 1.5M
Typical rent
Few contracts
Typical yield
The One Hotel, Business Bay: prices, sales and rents →

Other units on the 2nd floor

All 490 units in The One Hotel
Value
201StudioAED 1.29M · Oct 2023
202StudioAED 1.6M · Apr 2019
203StudioAED 1.22M · Mar 2022
2041-bedAED 1.41M · Jul 2021
2051-bedAED 1.6M · Jul 2019
206StudioAED 1.5M · Jun 2021
207StudioAED 1.49M · Feb 2021
1–7 of 32

228, The One Hotel in numbers

  • Sold twice: first on 22 August 2022 for AED 1,291,500, last on 26 August 2024 for AED 1,449,567 (AED 4,462 per sqft).
  • Studios in The One Hotel sold for AED 851,560–1,710,000 in the 12 months to November 2026; the building's median across all types is AED 4,478 per sqft.

Source: Dubai Land Department. Updated 26 August 2024.

Questions about 228, The One Hotel

What did unit 228 last sell for?

AED 1,449,567 on 26 August 2024: AED 4,462 per sqft for 325 sqft. The unit has 2 registered sales; the first was AED 1,291,500 in August 2022.

How big is unit 228?

325 sqft (30.2 sqm): a studio on the 2nd floor of a 16-storey tower completed in 2019.

What is unit 228 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in The One Hotel sold for AED 851,560 to 1,710,000 in the last 12 months, around AED 4,547 per sqft.

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Mortgage on 228, The One Hotel

Starts from the last sale price (AED 1.45M, 26 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,449,567
Deposit, UAE resident (20%)
AED 289,913
Deposit, non-resident (40%)
AED 579,827
Monthly over 25 years at 3.7%
AED 5,931

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →