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Studio · 325 sqftThe One Hotel, Business Bay · 5th floor · completed 2019

502, The One Hotel

Sold prices and rental history: sold twice, last in December 2020, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 15 December 2020
Last soldAED 500K15 December 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 502, The One Hotel

What is 502 worth today?

Last sold for AED 500,000 in 2020

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15 Dec 2020SoldOff-plan
AED 500,000AED 1,539 per sqft
16 Aug 2017Sold by developerOff-plan
AED 1,250,000AED 3,847 per sqft

Source: Dubai Land Department. Updated 15 December 2020.

Key facts

Type
Studio hotel apartment
Size
325 sqft
Floor
5th of 16
Parking
EU
Developer
TFG Real Estate
Completed
2019
Last sold
AED 500K · December 2020
Building
The One Hotel

About 502, The One Hotel

502 is a studio of 325 sqft on the 5th floor of The One Hotel, a 16-storey tower in Business Bay completed in 2019 by TFG Real Estate. It last sold on 15 December 2020 for AED 500,000, or AED 1,539 per sqft, 65% below the AED 4,353 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 502 over time

Sales
Unit 502, each saleTypical studio in The One Hotel
500K1M1.5M2017202020232026Typical 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 2017: AED 1,250,000 (AED 3,847 per sqft)Sold, December 2020: AED 500,000 (AED 1,539 per sqft)

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

Studios in The One Hotel, and where 502 sits

All 448 studios →

502 last sold in December 2020 at AED 1,539 per sqft, 65% below what studios in The One Hotel were fetching at the time (AED 4,353). 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 5th floor

All 490 units in The One Hotel
Value
501StudioAED 1.53M · Jul 2017
503StudioAED 1.45M · Feb 2021
5041-bedAED 1.83M · Jul 2017
5051-bedAED 1.5M · Oct 2019
506StudioAED 1.34M · Feb 2021
507StudioAED 1.25M · Jun 2018
508StudioAED 1.52M · Aug 2021
1–7 of 32

502, The One Hotel in numbers

  • Sold twice: first on 16 August 2017 for AED 1,250,000, last on 15 December 2020 for AED 500,000 (AED 1,539 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 15 December 2020.

Questions about 502, The One Hotel

What did unit 502 last sell for?

AED 500,000 on 15 December 2020: AED 1,539 per sqft for 325 sqft. The unit has 2 registered sales; the first was AED 1,250,000 in August 2017.

How big is unit 502?

325 sqft (30.2 sqm): a studio on the 5th floor of a 16-storey tower completed in 2019.

What is unit 502 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 502, The One Hotel

Starts from the last sale price (AED 500K, 15 December 2020). Switch to today's estimate once you have unlocked it.
Price
AED 500,000
Deposit, UAE resident (20%)
AED 100,000
Deposit, non-resident (40%)
AED 200,000
Monthly over 25 years at 3.7%
AED 2,046

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