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

229, The One Hotel

Sold prices and rental history: sold twice, last in May 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 229 · DLD and Ejari recordsUpdated 5 May 2023
Last soldAED 1.29M5 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 229, The One Hotel

What is 229 worth today?

Last sold for AED 1,291,500 in 2023

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

5 May 2023SoldReady
AED 1,291,500AED 3,975 per sqft
19 Aug 2021Sold by developerOff-plan
AED 1,237,100AED 3,808 per sqft

Source: Dubai Land Department. Updated 5 May 2023.

Key facts

Type
Studio hotel apartment
Size
325 sqft
Floor
2nd of 16
Parking
EU
Developer
TFG Real Estate
Completed
2019
Last sold
AED 1.29M · May 2023

About 229, The One Hotel

229 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 5 May 2023 for AED 1,291,500, or AED 3,975 per sqft, in line with the AED 3,975 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 229 over time

Sales
Unit 229, each saleTypical studio in The One Hotel
1.2M1.4M2017202020232026Typical 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 2021: AED 1,237,100 (AED 3,808 per sqft)Sold, May 2023: AED 1,291,500 (AED 3,975 per sqft)

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

Studios in The One Hotel, and where 229 sits

All 448 studios →

229 last sold in May 2023 at AED 3,975 per sqft, in line with what studios in The One Hotel were fetching at the time (AED 3,975). 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

229, The One Hotel in numbers

  • Sold twice: first on 19 August 2021 for AED 1,237,100, last on 5 May 2023 for AED 1,291,500 (AED 3,975 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 5 May 2023.

Questions about 229, The One Hotel

What did unit 229 last sell for?

AED 1,291,500 on 5 May 2023: AED 3,975 per sqft for 325 sqft. The unit has 2 registered sales; the first was AED 1,237,100 in August 2021.

How big is unit 229?

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

What is unit 229 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.

Selling 229? 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.

How OpenOffers works

Mortgage on 229, The One Hotel

Starts from the last sale price (AED 1.29M, 5 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,291,500
Deposit, UAE resident (20%)
AED 258,300
Deposit, non-resident (40%)
AED 516,600
Monthly over 25 years at 3.7%
AED 5,284

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