1-bed · 922 sqftThe Residences at Business Central, Business Bay · 8th floor · completed 2013

809, The Residences at Business Central

Sold prices and rental history: sold twice, last in November 2019, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 809 · DLD and Ejari recordsUpdated 15 July 2022
Last soldAED 770K18 November 2019
Current rentAED 50K /yr15 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 809, The Residences at Business Central

What is 809 worth today?

Last sold for AED 770,000 in 2019

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15 Jul 2022RentedNew contract
AED 50,000/yr12 months · AED 54 per sqft
1 Jun 2021RentedNew contract
AED 45,000/yr12 months · AED 49 per sqft
7 Dec 2019RentedNew contract
AED 57,000/yr12 months · AED 62 per sqft
18 Nov 2019SoldReady
AED 770,000AED 835 per sqft
15 Dec 2014RentedNew contract
AED 85,473/yr12 months · AED 92 per sqft
25 Mar 2014Sold by developerReady
AED 1,199,900AED 1,301 per sqft

Source: Dubai Land Department. Updated 15 July 2022.

Key facts

Type
1-bed apartment
Size
922 sqft
Floor
8th of 24
Parking
P1-087
Developer
DAMAC
Completed
2013
Service charge
AED 15,700 /yr
Last sold
AED 770K · November 2019

About 809, The Residences at Business Central

809 is a one-bedroom apartment of 922 sqft on the 8th floor of The Residences at Business Central, a 24-storey tower in Business Bay completed in 2013 by DAMAC. It last sold on 18 November 2019 for AED 770,000, or AED 835 per sqft, 6% below the AED 891 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, signed on 15 July 2022, is AED 50,000 a year: a gross yield of 6.5% on the 2019 price, before the service charge of about AED 15,700 a year.

Sales and rents for 809 over time

Sales
Unit 809, each saleTypical one-bed in The Residences at Business Central
1M2M2009201420192024Typical sale price by year: 2009 AED 1,254,150; 2010 AED 957,500; 2011 AED 753,150; 2012 AED 775,200; 2013 AED 1,124,244; 2014 AED 1,203,800; 2015 AED 1,400,000; 2016 AED 1,175,000; 2017 AED 1,125,000; 2018 AED 870,000; 2019 AED 760,000; 2020 AED 670,000; 2021 AED 723,803; 2022 AED 870,000; 2023 AED 1,039,255; 2024 AED 1,200,000; 2025 AED 1,200,000; 2026 AED 2,014,114Sold by developer, March 2014: AED 1,199,900 (AED 1,301 per sqft)Sold, November 2019: AED 770,000 (AED 835 per sqft)

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

Rents
Unit 809, each contractTypical one-bed in The Residences at Business Central
40K60K80K2013201720212025Typical rent by year: 2013 AED 75,000; 2014 AED 82,000; 2015 AED 87,000; 2016 AED 83,000; 2017 AED 80,000; 2018 AED 70,000; 2019 AED 65,000; 2020 AED 52,500; 2021 AED 50,000; 2022 AED 57,500; 2023 AED 65,000; 2024 AED 75,000; 2025 AED 78,000; 2026 AED 75,000New contract, December 2014: AED 85,473 a yearNew contract, December 2019: AED 57,000 a yearNew contract, June 2021: AED 45,000 a yearNew contract, July 2022: AED 50,000 a year

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 809 sits

All 143 1-beds →

809 last sold in November 2019 at AED 835 per sqft, 6% below what one-beds in The Residences at Business Central were fetching at the time (AED 891). 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. 809's AED 50,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
7 Aug 20261,693,626
22 Jun 2026499,999
14 Apr 20262,618,779
17 Mar 20262,334,602
7 1-bed sales in the last 12 months

The Residences at Business Central

Building

212 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%
The Residences at Business Central, Business Bay: prices, sales and rents →
Value
8013-bedAED 2.5M · Jul 2026
8021-bedAED 1.1M · Mar 2022
8032-bedAED 1.9M · Jul 2015
8042-bedAED 2M · May 2024
8051-bedAED 1.65M · Jul 2014
8061-bedAED 1.5M · Mar 2025
8071-bedAED 1.08M · Oct 2024
1–7 of 11

809, The Residences at Business Central in numbers

  • Sold twice: first on 25 March 2014 for AED 1,199,900, last on 18 November 2019 for AED 770,000 (AED 835 per sqft).
  • Rented since December 2014 on 4 Ejari contracts. The rent fell from AED 85,473 to AED 45,000 in 2021 and recovered to AED 50,000 by July 2022.
  • At AED 50,000 a year the gross yield on the 2019 price is 6.5%, 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 15 July 2022.

Questions about 809, The Residences at Business Central

What did unit 809 last sell for?

AED 770,000 on 18 November 2019: AED 835 per sqft for 922 sqft. The unit has 2 registered sales; the first was AED 1,199,900 in March 2014.

What is the rent for unit 809?

AED 50,000 a year on the contract signed on 15 July 2022. The previous contract, from June 2021, was AED 45,000; the unit has been rented since December 2014.

How big is unit 809?

922 sqft (85.7 sqm): a one-bedroom apartment on the 8th floor of a 24-storey tower completed in 2013.

What is unit 809 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 809, The Residences at Business Central

Starts from the last sale price (AED 770K, 18 November 2019). Switch to today's estimate once you have unlocked it.
Price
AED 770,000
Deposit, UAE resident (20%)
AED 154,000
Deposit, non-resident (40%)
AED 308,000
Monthly over 25 years at 3.7%
AED 3,150

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