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

508, The One Hotel

Sold prices and rental history: sold once, by the developer in August 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 508 · DLD and Ejari recordsUpdated 19 August 2021
Last soldAED 1.52M19 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 508, The One Hotel

What is 508 worth today?

Last sold for AED 1,520,000 in 2021

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19 Aug 2021Sold by developerOff-plan
AED 1,520,000AED 4,678 per sqft

Source: Dubai Land Department. Updated 19 August 2021.

Key facts

Type
Studio hotel apartment
Size
325 sqft
Floor
5th of 16
Parking
EU
Developer
TFG Real Estate
Completed
2019
Last sold
AED 1.52M · August 2021

About 508, The One Hotel

508 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. The developer sold it on 19 August 2021 for AED 1,520,000, or AED 4,678 per sqft, 5% above the AED 4,448 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 508 over time

Sales
Unit 508, each saleTypical studio in The One Hotel
1.4M2017202020232026Typical 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 1,520,000 (AED 4,678 per sqft)

508 has sold once; the dashed line is the studio median of each year in the building.

Studios in The One Hotel, and where 508 sits

All 448 studios →

508 last sold in August 2021 at AED 4,678 per sqft, 5% above what studios in The One Hotel were fetching at the time (AED 4,448). 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
502StudioAED 500K · Dec 2020
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
1–7 of 32

508, The One Hotel in numbers

  • Sold once: by TFG Real Estate on 19 August 2021 for AED 1,520,000, or AED 4,678 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 19 August 2021.

Questions about 508, The One Hotel

What did unit 508 last sell for?

AED 1,520,000 on 19 August 2021, sold by the developer: AED 4,678 per sqft for 325 sqft. It is the only registered sale of the unit.

How big is unit 508?

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

What is unit 508 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 508, The One Hotel

Starts from the last sale price (AED 1.52M, 19 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,520,000
Deposit, UAE resident (20%)
AED 304,000
Deposit, non-resident (40%)
AED 608,000
Monthly over 25 years at 3.7%
AED 6,219

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