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1-bed · 629 sqftThe One Hotel, Business Bay · 6th floor · completed 2019

622, The One Hotel

Sold prices and rental history: sold once, by the developer in January 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 622 · DLD and Ejari recordsUpdated 17 January 2022
Last soldAED 1.65M17 January 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 622, The One Hotel

What is 622 worth today?

Last sold for AED 1,650,000 in 2022

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17 Jan 2022Sold by developerOff-plan
AED 1,650,000AED 2,624 per sqft

Source: Dubai Land Department. Updated 17 January 2022.

Key facts

Type
1-bed hotel apartment
Size
629 sqft
Floor
6th of 16
Parking
EU
Developer
TFG Real Estate
Completed
2019
Last sold
AED 1.65M · January 2022
Building
The One Hotel

About 622, The One Hotel

622 is a one-bedroom hotel apartment of 629 sqft on the 6th floor of The One Hotel, a 16-storey tower in Business Bay completed in 2019 by TFG Real Estate. The developer sold it on 17 January 2022 for AED 1,650,000, or AED 2,624 per sqft, in line with the AED 2,664 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 622 over time

Sales
Unit 622, each saleTypical one-bed in The One Hotel
1.6M1.8M2017202020232026Typical sale price by year: 2017 AED 1,737,500; 2018 AED 1,875,000; 2019 AED 1,595,000; 2020 AED 1,620,000; 2021 AED 1,675,000; 2022 AED 1,725,000; 2023 AED 1,800,000; 2025 AED 1,750,000; 2026 AED 1,695,000Sold by developer, January 2022: AED 1,650,000 (AED 2,624 per sqft)

622 has sold once; the dashed line is the one-bed median of each year in the building.

1-beds in The One Hotel, and where 622 sits

All 43 1-beds →

622 last sold in January 2022 at AED 2,624 per sqft, in line with what one-beds in The One Hotel were fetching at the time (AED 2,664). Over the last 12 months one-beds sold for AED 1,630,000 to 1,711,650, around AED 2,695 per sqft.

Recent 1-bed salesUnit no.Price (AED)Summary
28 Oct 20261,630,000
1 May 20261,695,000
2 Apr 20261,711,650
26 Mar 20251,570,105
3 1-bed 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 6th floor

All 490 units in The One Hotel
Value
601StudioAED 1.34M · May 2024
602StudioAED 1.41M · May 2018
603StudioAED 1.4M · Jul 2019
6041-bedAED 1.68M · Feb 2021
6051-bedAED 1.6M · Mar 2022
606StudioAED 1.62M · Feb 2021
607StudioAED 1.29M · Nov 2022
1–7 of 31

622, The One Hotel in numbers

  • Sold once: by TFG Real Estate on 17 January 2022 for AED 1,650,000, or AED 2,624 per sqft.
  • One-beds in The One Hotel sold for AED 1,630,000–1,711,650 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 17 January 2022.

Questions about 622, The One Hotel

What did unit 622 last sell for?

AED 1,650,000 on 17 January 2022, sold by the developer: AED 2,624 per sqft for 629 sqft. It is the only registered sale of the unit.

How big is unit 622?

629 sqft (58.4 sqm): a one-bedroom hotel apartment on the 6th floor of a 16-storey tower completed in 2019.

What is unit 622 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The One Hotel sold for AED 1,630,000 to 1,711,650 in the last 12 months, around AED 2,695 per sqft.

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Mortgage on 622, The One Hotel

Starts from the last sale price (AED 1.65M, 17 January 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,650,000
Deposit, UAE resident (20%)
AED 330,000
Deposit, non-resident (40%)
AED 660,000
Monthly over 25 years at 3.7%
AED 6,751

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