1-bed · 765 sqft17 Icon Bay, Dubai Creek Harbour · 5th floor · completed 2022

507, 17 Icon Bay

Sold prices and rental history: sold once, by the developer in December 2017, and rented once, from November 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 507 · DLD and Ejari recordsUpdated 2 November 2023
Last soldAED 1.03M20 December 2017
Current rentAED 120K /yr2 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 507, 17 Icon Bay

What is 507 worth today?

Last sold for AED 1,033,888 in 2017

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2 Nov 2023RentedNew contract
AED 120,000/yr12 months · AED 157 per sqft
20 Dec 2017Sold by developerOff-plan
AED 1,033,888AED 1,351 per sqft

Source: Dubai Land Department. Updated 2 November 2023.

Key facts

Type
1-bed apartment
Size
765 sqft
Floor
5th of 43
Parking
B1-363
Developer
Emaar
Completed
2022
Service charge
AED 16,500 /yr
Last sold
AED 1.03M · December 2017
Building
17 Icon Bay

About 507, 17 Icon Bay

507 is a one-bedroom apartment of 765 sqft on the 5th floor of 17 Icon Bay, a 43-storey tower in Dubai Creek Harbour completed in 2022 by Emaar. The developer sold it on 20 December 2017 for AED 1,033,888, or AED 1,351 per sqft, 8% below the AED 1,465 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 2 November 2023. The current contract, signed on 2 November 2023, is AED 120,000 a year: a gross yield of 11.6% on the 2017 price, before the service charge of about AED 16,500 a year.

Sales and rents for 507 over time

Sales
Unit 507, each saleTypical one-bed in 17 Icon Bay
1M1.5M2017202020232026Typical sale price by year: 2017 AED 1,120,888; 2018 AED 1,152,888; 2019 AED 1,186,888; 2021 AED 1,247,888; 2022 AED 1,284,888; 2023 AED 1,300,000; 2024 AED 1,670,000; 2025 AED 1,650,000; 2026 AED 1,600,000Sold by developer, December 2017: AED 1,033,888 (AED 1,351 per sqft)

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

Rents
Unit 507, each contractTypical one-bed in 17 Icon Bay
80K100K120K20232024202520262027Typical rent by year: 2023 AED 80,000; 2024 AED 85,000; 2025 AED 92,500; 2026 AED 90,000New contract, November 2023: AED 120,000 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 17 Icon Bay, and where 507 sits

All 100 1-beds →

507 last sold in December 2017 at AED 1,351 per sqft, 8% below what one-beds in 17 Icon Bay were fetching at the time (AED 1,465). Over the last 12 months one-beds sold for AED 1,400,000 to 1,750,000, around AED 2,136 per sqft, and rent for AED 70,000 to 120,000 a year. 507's AED 120,000 is at the top of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
22 Oct 20261,600,000
4 Aug 20261,670,000
7 May 20261,600,000
1 May 20261,400,000
8 1-bed sales in the last 12 months

17 Icon Bay

Building

326 apartments, 1-bed to 4-bed over 43 floors in Dubai Creek Harbour, completed in 2022 by Emaar. 25 sold in the last 12 months.

Typical price per sqft
AED 2,154 Down 2.4%
Typical sale
AED 2.35M
Typical rent
AED 124K /yr
Typical yield
5.5%
17 Icon Bay, Dubai Creek Harbour: prices, sales and rents →

Other units on the 5th floor

All 326 units in 17 Icon Bay
Value
5012-bedAED 1.52M · Jun 2019
5022-bedAED 2.4M · Oct 2026
5031-bedAED 972K · Jan 2018
5042-bedAED 2.15M · Jun 2024
5052-bedAED 2.2M · May 2024
5062-bedAED 1.43M · Jun 2019
5081-bedAED 1.03M · Nov 2017
1–7 of 8

507, 17 Icon Bay in numbers

  • Sold once: by Emaar on 20 December 2017 for AED 1,033,888, or AED 1,351 per sqft.
  • Rented since November 2023 on one Ejari contract, at AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2017 price is 11.6%, before a service charge of about AED 16,500 a year (AED 21.60 per sqft).
  • One-beds in 17 Icon Bay sold for AED 1,400,000–1,750,000 in the 12 months to November 2026; the building's median across all types is AED 2,154 per sqft.

Source: Dubai Land Department. Updated 2 November 2023.

Questions about 507, 17 Icon Bay

What did unit 507 last sell for?

AED 1,033,888 on 20 December 2017, sold by the developer: AED 1,351 per sqft for 765 sqft. It is the only registered sale of the unit.

What is the rent for unit 507?

AED 120,000 a year on the contract signed on 2 November 2023.

How big is unit 507?

765 sqft (71.1 sqm): a one-bedroom apartment on the 5th floor of a 43-storey tower completed in 2022.

What is unit 507 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in 17 Icon Bay sold for AED 1,400,000 to 1,750,000 in the last 12 months, around AED 2,136 per sqft.

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Mortgage on 507, 17 Icon Bay

Starts from the last sale price (AED 1.03M, 20 December 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,033,888
Deposit, UAE resident (20%)
AED 206,778
Deposit, non-resident (40%)
AED 413,555
Monthly over 25 years at 3.7%
AED 4,230

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