Business Bay · Ready and off-plan · 76% of recent sales are 1-bedrooms
1-bedrooms resell for about AED 1.38M.
Image: Select Group
At a glance
From 22 resales in the last 12 months.
About as many resales as the typical similar building.
What brings you here?
AED 1.38M
That's the typical price. 10 of the 22 1-bedrooms resold here in the last year went for AED 1.34M to AED 1.43M. Got an asking price? Enter it below to see how it compares.
Each dot is a real sale here in the last 12 months.
AED 1.34M
6 of the 22 1-bedrooms resold here in the last year went for this or less. Start here and leave room to move.
Based on the typical 1-bedroom here at AED 1.38M, and renting a 1-bedroom in Business Bay for AED 90k a year.
The mortgage is AED 1,364 a month less than renting.
Before service charges and any change in price.
AED 371k
Over 5 years, buying costs about AED 329k in fees and interest. Renting costs about AED 450k.
Fees: DLD transfer fee 4% plus AED 580; trustee fee AED 4,000 plus VAT; mortgage registration 0.25% of the loan plus AED 290; agency fee 2% plus VAT; bank valuation about AED 3,000. Up to 80% loan for a first home up to AED 5M. Your bank sets your rate.
2 a month
That's how often a 1-bedroom resells here. The building has about as many resales as the typical similar building nearby.
No clear move
Only 26 resales in the building in the last 3 months, too few to call a direction.
Each dot is a 1-bedroom sale here. The line is the going rate: every extra sq ft adds about AED 1,019. Dots well above the line sold for more than their size explains, so ask what made them worth it.
AED 190k less
1-bedrooms at AG Tower cost AED 1.19M and rent for AED 81k. That's a 6.8% return. Below: 4 cheaper buildings with a known rent.
AED 2.15M
Based on 35 off-plan sales in the last 12 months. Only 4 resales, so there is no resale range.
Based on the typical off-plan 2-bedroom here at AED 2.15M, and renting a 2-bedroom in Business Bay for AED 129k a year.
From handover, the mortgage is AED 1,148 a month less than renting.
Before service charges and any change in price.
AED 781k
Rent until handover adds AED 257,000: AED 780,610 with it, AED 523,610 without.
Over 5 years from handover, buying costs about AED 458k in fees and interest. Renting costs about AED 643k.
The monthly figure starts at handover. Most payment plans ask for more than 20% before handover. Set the down payment to match yours.
Fees: DLD registration (Oqood) 4% plus admin; mortgage registration 0.25% of the loan plus AED 290; bank valuation about AED 3,000. Developers usually pay the agent's commission and may charge an admin fee. Buying from another owner, not the developer? Agency and trustee fees apply. Lending limits differ for an apartment still being built. Ask your bank.
Not enough deals yet
Only 2 new leases were signed here in the last 3 months, too few for a fair range. Across Business Bay, a new 1-bedroom lease is about AED 90k a year.
Here are other buildings nearby and what a 1-bedroom rents for in each.
Not enough deals yet
No new leases here in the last 3 months. Across Business Bay, a new 2-bedroom lease is about AED 129k a year.
Here are other buildings nearby and what a 2-bedroom rents for in each.
Move the slider to your size.
AED 1.38M
Apartments this size here usually sell for AED 1.3M to AED 1.44M.
Start from the typical 1-bedroom price here, AED 1.38M. Enter what's left on your mortgage to see what reaches your account.
AED 1.38M
Your developer also charges for the no-objection certificate, often AED 500 to 5,000.
No clear move
Only 26 resales in the building in the last 3 months, too few to call a direction.
2 a month
1-bedrooms resell here at about this pace. The latest 3:
AED 2,327
per sq ft across 26 resales in the building in the last 3 months. Across Business Bay, prices are down 8% on a year ago.
AED 2.15M
Based on 35 off-plan sales in the last 12 months. Only 4 resales, so there is no resale range.
Here are other buildings nearby and what a 2-bedroom costs off-plan in each.
Quick answers, from the same deals as the rest of this page.
About AED 1.38M on resale; 10 of 22 sold for AED 1.34M to AED 1.43M.
About the same as the typical similar building: 26 resales in 12 months.