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1-bed · 629 sqftThe One Hotel, Business Bay · 7th floor · completed 2019

704, The One Hotel

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

Unit 704 · DLD and Ejari recordsUpdated 1 March 2023
Last soldAED 1.32M1 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 704, The One Hotel

What is 704 worth today?

Last sold for AED 1,319,000 in 2023

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1 Mar 2023SoldReady
AED 1,319,000AED 2,097 per sqft
6 Dec 2020Sold by developerOff-plan
AED 1,575,000AED 2,505 per sqft

Source: Dubai Land Department. Updated 1 March 2023.

Key facts

Type
1-bed hotel apartment
Size
629 sqft
Floor
7th of 16
Parking
EU
Developer
TFG Real Estate
Completed
2019
Last sold
AED 1.32M · March 2023
Building
The One Hotel

About 704, The One Hotel

704 is a one-bedroom hotel apartment of 629 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 1 March 2023 for AED 1,319,000, or AED 2,097 per sqft, 22% below the AED 2,674 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 704 over time

Sales
Unit 704, each saleTypical one-bed in The One Hotel
1.5M2017202020232026Typical 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, December 2020: AED 1,575,000 (AED 2,505 per sqft)Sold, March 2023: AED 1,319,000 (AED 2,097 per sqft)

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

1-beds in The One Hotel, and where 704 sits

All 43 1-beds →

704 last sold in March 2023 at AED 2,097 per sqft, 22% below what one-beds in The One Hotel were fetching at the time (AED 2,674). 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 7th floor

All 490 units in The One Hotel
Value
701StudioAED 1.4M · Mar 2022
702StudioAED 1.4M · Sep 2018
703StudioAED 500K · Dec 2020
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

704, The One Hotel in numbers

  • Sold twice: first on 6 December 2020 for AED 1,575,000, last on 1 March 2023 for AED 1,319,000 (AED 2,097 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 1 March 2023.

Questions about 704, The One Hotel

What did unit 704 last sell for?

AED 1,319,000 on 1 March 2023: AED 2,097 per sqft for 629 sqft. The unit has 2 registered sales; the first was AED 1,575,000 in December 2020.

How big is unit 704?

629 sqft (58.4 sqm): a one-bedroom hotel apartment on the 7th floor of a 16-storey tower completed in 2019.

What is unit 704 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 704, The One Hotel

Starts from the last sale price (AED 1.32M, 1 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,319,000
Deposit, UAE resident (20%)
AED 263,800
Deposit, non-resident (40%)
AED 527,600
Monthly over 25 years at 3.7%
AED 5,396

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