708, The Residences at Business Central
Sold prices and rental history: sold twice, last in July 2013, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 708, The Residences at Business Central
What is 708 worth today?
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Source: Dubai Land Department. Updated 20 September 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 920 sqft
- Floor
- 7th of 24
- Parking
- P1-074
- Developer
- DAMAC
- Completed
- 2013
- Service charge
- AED 15,700 /yr
- Last sold
- AED 796K · July 2013
About 708, The Residences at Business Central
708 is a one-bedroom apartment of 920 sqft on the 7th floor of The Residences at Business Central, a 24-storey tower in Business Bay completed in 2013 by DAMAC. It last sold on 9 July 2013 for AED 795,600, or AED 864 per sqft, 27% below the AED 1,190 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 20 September 2024, is AED 59,800 a year: a gross yield of 7.5% on the 2013 price, before the service charge of about AED 15,700 a year.
Sales and rents for 708 over time
708 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in The Residences at Business Central, and where 708 sits
All 143 1-beds →708 last sold in July 2013 at AED 864 per sqft, 27% below what one-beds in The Residences at Business Central were fetching at the time (AED 1,190). Over the last 12 months one-beds sold for AED 499,999 to 2,618,779, around AED 1,298 per sqft, and rent for AED 58,300 to 120,000 a year. 708's AED 59,800 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Aug 20267 August 2026 | 1,441 sqft | 1,693,626 | 1,175 | ||
| 22 Jun 202622 June 2026 | 463 sqft | 499,999 | 1,081 | ||
| 14 Apr 202614 April 2026 | 963 sqft | 2,618,779 | 2,718 | ||
| 17 Mar 202617 March 2026 | 1,879 sqft | 2,334,602 | 1,242 |
The Residences at Business Central
Building212 apartments, 1-bed to 3-bed over 24 floors in Business Bay, completed in 2013 by DAMAC. 11 sold in the last 12 months.
- Typical price per sqft
- AED 1,405 Down 6.0%
- Typical sale
- AED 2M
- Typical rent
- AED 80K /yr
- Typical yield
- 6.3%
Other units on the 7th floor
All 212 units in The Residences at Business Central| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 3-bed | 1,781 sqft | AED 1.85MAED 1,850,000 · Jul 2013July 2013 | ||
| 702 | 1-bed | 1,058 sqft | AED 875KAED 875,000 · Apr 2021April 2021 | 90,000 /yr | |
| 703 | 2-bed | 1,333 sqft | AED 2MAED 1,998,000 · Oct 2013October 2013 | 120,000 /yr | |
| 704 | 2-bed | 664 sqft | AED 700KAED 700,000 · Mar 2014March 2014 | 80,000 /yr | |
| 705 | 1-bed | 957 sqft | AED 1.24MAED 1,240,650 · Oct 2013October 2013 | 60,000 /yr | |
| 706 | 1-bed | 929 sqft | AED 800KAED 800,000 · Nov 2013November 2013 | 70,000 /yr | |
| 707 | 1-bed | 925 sqft | AED 955KAED 955,000 · Jan 2024January 2024 | 115,000 /yr | |
| 709 | 1-bed | 922 sqft | AED 1.2MAED 1,200,000 · Jun 2024June 2024 | 70,000 /yr | |
| 710 | 1-bed | 711 sqft | AED 500KAED 500,000 · Oct 2013October 2013 | 78,000 /yr | |
| 711 | 1-bed | 729 sqft | AED 1.42MAED 1,422,000 · Jul 2013July 2013 | 52,500 /yr | |
| 712 | 1-bed | 908 sqft | AED 1.2MAED 1,200,000 · Jun 2024June 2024 | 70,000 /yr |
708, The Residences at Business Central in numbers
- Sold twice: first on 31 May 2012 for AED 795,600, last on 9 July 2013 for AED 795,600 (AED 864 per sqft).
- Rented since August 2013 on 8 Ejari contracts. The rent fell from AED 65,000 to AED 40,000 in 2021 and recovered to AED 59,800 by September 2024.
- At AED 59,800 a year the gross yield on the 2013 price is 7.5%, before a service charge of about AED 15,700 a year (AED 17.07 per sqft).
- One-beds in The Residences at Business Central sold for AED 499,999–2,618,779 in the 12 months to November 2026; the building's median across all types is AED 1,405 per sqft.
Source: Dubai Land Department. Updated 20 September 2024.
Questions about 708, The Residences at Business Central
What did unit 708 last sell for?
AED 795,600 on 9 July 2013: AED 864 per sqft for 920 sqft. The unit has 2 registered sales; the first was AED 795,600 in May 2012.
What is the rent for unit 708?
AED 59,800 a year on the contract renewed on 20 September 2024. The previous contract, from September 2022, was AED 52,000; the unit has been rented since August 2013.
How big is unit 708?
920 sqft (85.5 sqm): a one-bedroom apartment on the 7th floor of a 24-storey tower completed in 2013.
What is unit 708 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Residences at Business Central sold for AED 499,999 to 2,618,779 in the last 12 months, around AED 1,298 per sqft.
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Mortgage on 708, The Residences at Business Central
Starts from the last sale price (AED 796K, 9 July 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 795,600
- Deposit, UAE resident (20%)
- AED 159,120
- Deposit, non-resident (40%)
- AED 318,240
- Monthly over 25 years at 3.7%
- AED 3,255
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →