1-bed · 897 sqftWest Wharf Tower, Business Bay · 3rd floor · completed 2013

309, West Wharf Tower

Sold prices and rental history: sold 4 times, last in May 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 309 · DLD and Ejari recordsUpdated 24 May 2024
Last soldAED 1.6M24 May 2024
Current rentAED 180K /yr1 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 309, West Wharf Tower

What is 309 worth today?

Last sold for AED 1,600,000 in 2024

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24 May 2024SoldReady
AED 1,600,000AED 1,784 per sqft
1 Oct 2023RentedNew contract
AED 180,000/yr12 months · AED 201 per sqft
27 Oct 2022RentedNew contract
AED 120,000/yr12 months · AED 134 per sqft
15 Sep 2021RentedNew contract
AED 65,000/yr12 months · AED 73 per sqft
19 Feb 2020SoldReady
AED 1,000,000AED 1,115 per sqft
10 Nov 2018RentedNew contract
AED 80,000/yr12 months · AED 90 per sqft
20 Oct 2015RentedNew contract
AED 85,000/yr12 months · AED 95 per sqft
25 Feb 2015SoldReady
AED 1,201,646AED 1,340 per sqft

Source: Dubai Land Department. Updated 24 May 2024.

Key facts

Type
1-bed apartment
Size
897 sqft
Floor
3rd of 17
Parking
B3-9
Developer
Capital Trust Gulf
Completed
2013
Service charge
AED 19,400 /yr
Last sold
AED 1.6M · May 2024

About 309, West Wharf Tower

309 is a one-bedroom apartment of 897 sqft on the 3rd floor of West Wharf Tower, a 17-storey tower in Business Bay completed in 2013 by Capital Trust Gulf. It last sold on 24 May 2024 for AED 1,600,000, or AED 1,784 per sqft, 35% above the AED 1,325 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, signed on 1 October 2023, is AED 180,000 a year: a gross yield of 11.3% on the 2024 price, before the service charge of about AED 19,400 a year.

Sales and rents for 309 over time

Sales
Unit 309, each saleTypical one-bed in West Wharf Tower
1M1.5M2009201420192024Typical sale price by year: 2009 AED 1,354,188; 2014 AED 1,345,100; 2015 AED 1,417,825; 2016 AED 1,313,600; 2021 AED 700,000; 2022 AED 932,500; 2023 AED 900,000; 2024 AED 1,100,000; 2025 AED 1,370,000; 2026 AED 1,476,000Sold by developer, June 2009: AED 1,201,646 (AED 1,340 per sqft)Sold, February 2015: AED 1,201,646 (AED 1,340 per sqft)Sold, February 2020: AED 1,000,000 (AED 1,115 per sqft)Sold, May 2024: AED 1,600,000 (AED 1,784 per sqft)

309 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 309, each contractTypical one-bed in West Wharf Tower
100K200K20152018202120242027Typical rent by year: 2015 AED 95,000; 2016 AED 94,373; 2017 AED 88,500; 2018 AED 80,000; 2019 AED 76,000; 2020 AED 60,000; 2021 AED 60,000; 2022 AED 63,500; 2023 AED 75,000; 2024 AED 90,000; 2025 AED 90,000; 2026 AED 90,000New contract, October 2015: AED 85,000 a yearNew contract, November 2018: AED 80,000 a yearNew contract, September 2021: AED 65,000 a yearNew contract, October 2022: AED 120,000 a yearNew contract, October 2023: AED 180,000 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 West Wharf Tower, and where 309 sits

All 40 1-beds →

309 last sold in May 2024 at AED 1,784 per sqft, 35% above what one-beds in West Wharf Tower were fetching at the time (AED 1,325). Over the last 12 months one-beds sold for AED 1,450,000 to 1,700,000, around AED 1,664 per sqft, and rent for AED 67,000 to 115,000 a year. 309's AED 180,000 is at the top of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
29 Jul 202614,890
23 Jun 20261,450,000
23 Jun 20261,476,000
12 Feb 20261,700,000
4 1-bed sales in the last 12 months

West Wharf Tower

Building

111 apartments, studios to 5-bed over 17 floors in Business Bay, completed in 2013 by Capital Trust Gulf. 11 sold in the last 12 months.

Typical price per sqft
AED 1,587 Down 3.6%
Typical sale
AED 1.46M
Typical rent
AED 83K /yr
Typical yield
6.9%
West Wharf Tower, Business Bay: prices, sales and rents →

Other units on the 3rd floor

All 111 units in West Wharf Tower
Value
301StudioAED 770K · Mar 2024
302StudioAED 975K · Sep 2014
3031-bedAED 1.61M · Jun 2009
304StudioAED 700K · Jul 2023
3051-bedAED 1.25M · Jan 2016
306StudioAED 778K · Feb 2015
307StudioAED 995K · Jan 2026
1–7 of 9

309, West Wharf Tower in numbers

  • Sold 4 times: first on 23 June 2009 for AED 1,201,646, last on 24 May 2024 for AED 1,600,000 (AED 1,784 per sqft).
  • Rented since October 2015 on 5 Ejari contracts. The rent fell from AED 85,000 to AED 65,000 in 2021 and recovered to AED 180,000 by October 2023.
  • At AED 180,000 a year the gross yield on the 2024 price is 11.3%, before a service charge of about AED 19,400 a year (AED 21.62 per sqft).
  • One-beds in West Wharf Tower sold for AED 1,450,000–1,700,000 in the 12 months to November 2026; the building's median across all types is AED 1,587 per sqft.

Source: Dubai Land Department. Updated 24 May 2024.

Questions about 309, West Wharf Tower

What did unit 309 last sell for?

AED 1,600,000 on 24 May 2024: AED 1,784 per sqft for 897 sqft. The unit has 4 registered sales; the first was AED 1,201,646 in June 2009.

What is the rent for unit 309?

AED 180,000 a year on the contract signed on 1 October 2023. The previous contract, from October 2022, was AED 120,000; the unit has been rented since October 2015.

How big is unit 309?

897 sqft (83.3 sqm): a one-bedroom apartment on the 3rd floor of a 17-storey tower completed in 2013.

What is unit 309 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in West Wharf Tower sold for AED 1,450,000 to 1,700,000 in the last 12 months, around AED 1,664 per sqft.

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Mortgage on 309, West Wharf Tower

Starts from the last sale price (AED 1.6M, 24 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

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