Studio · 321 sqftThe One Hotel, Business Bay · 7th floor · completed 2019

703, 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 703 · DLD and Ejari recordsUpdated 15 December 2020
Last soldAED 500K15 December 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 703, The One Hotel

What is 703 worth today?

Last sold for AED 500,000 in 2020

Unlock today's estimate, updated daily, with

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

15 Dec 2020SoldOff-plan
AED 500,000AED 1,556 per sqft
16 Aug 2017Sold by developerOff-plan
AED 1,250,000AED 3,890 per sqft

Source: Dubai Land Department. Updated 15 December 2020.

Key facts

Type
Studio hotel apartment
Size
321 sqft
Floor
7th of 16
Parking
EU
Developer
TFG Real Estate
Completed
2019
Last sold
AED 500K · December 2020

About 703, The One Hotel

703 is a studio of 321 sqft on the 7th 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 1,556 per sqft, 64% 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 703 over time

Sales
Unit 703, 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 3,890 per sqft)Sold, December 2020: AED 500,000 (AED 1,556 per sqft)

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

Studios in The One Hotel, and where 703 sits

All 448 studios →

703 last sold in December 2020 at AED 1,556 per sqft, 64% 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 7th floor

All 490 units in The One Hotel
Value
701StudioAED 1.4M · Mar 2022
702StudioAED 1.4M · Sep 2018
7041-bedAED 1.32M · Mar 2023
7051-bedAED 1.68M · Nov 2019
706StudioAED 1.3M · Jul 2017
707StudioAED 1.62M · May 2017
708StudioAED 1.5M · Aug 2017
1–7 of 32

703, 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 1,556 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 703, The One Hotel

What did unit 703 last sell for?

AED 500,000 on 15 December 2020: AED 1,556 per sqft for 321 sqft. The unit has 2 registered sales; the first was AED 1,250,000 in August 2017.

How big is unit 703?

321 sqft (29.8 sqm): a studio on the 7th floor of a 16-storey tower completed in 2019.

What is unit 703 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 703? 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 703, 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 →