Upgraded 1BR | Premium Location | High ROI | Apartment in Business Bay
AED 182,000/year

AED 297 per sqft

Permit Pending Verification

Upgraded 1BR | Premium Location | High ROI | Apartment in Business Bay

Business Bay, Dubai
Listed 81 days ago
1
Beds
1
Baths
613
Sqft
apartment
Type

About This Property

Premium 1 bedroom apartment available in Binghatti Avenue, Business Bay. This 613 sqft property offers excellent value at AED 928,000. Located in the heart of Dubai, with easy access to major amenities.

Property Details

Property TypeApartment
Listing TypeRent
OwnershipFreehold
Views136
Reference3a13343d-fd3b-4283-b914-121c409a86c5

Area & Neighborhood Guide

8.7/10
Investment Score
8.2%
Avg. Yield
+18.3%
1Y Growth
High
Market
Schools
1
Healthcare
1
Transport
1
Retail
1
Green space
0
Waterfront
0

Nearby Amenities & Landmarks

Bay Avenue Mall
Dubai Canal
Business Bay Metro
JW Marriott
GEMS Modern Academy
Aster Hospital
Canal Walk

Upcoming Developments

Canal District Phase 3
New commercial towers
Waterfront promenade extension

Demographics

45K+
Residents
31
Avg. Age
88%
Expats

Price Transparency

Estimate
This listing
AED 297/sqft
Area benchmark unavailable
Annual rentAED 182,000
Security deposit (est. 5%)AED 9,100
Ejari registrationAED 220
Agency commission (5% one-off)AED 9,100
Est. first-year cash outlayAED 200,420

Estimates use standard UAE market rates (DLD 4%, trustee 4,200 AED, mortgage reg 0.25% at 75% LTV, agency 2%). Your firm quote is provided in writing before MoU signing and may differ based on property type, buyer profile, and negotiated terms.

Rental Market Comparison

Premium Rent

Premium Rent - 154% Above Market

Significantly above the Business Bay average. May include premium amenities or location advantages.

Area Avg Rent
AED 117
per sqft/year
This Property
AED 297
154% above avg
Area Yield
6.5%
rental return
Monthly
AED 15K
per month

Investor Insight

Est. Property Value

AED 1.1M

Implied Yield

16.49%

Based on area sales PSF of AED 1,800

Rental estimates derived from PropertyIndex.ae yield data • Updated 2026-02-22

Business Bay Market Intelligence

Full Report
Avg Price/SqftAED 1,993
Active Listings96
Trendup
Price History (per sqft)
AED 1,870
Dec
AED 2,067
Jan
AED 1,952
Feb
AED 2,110
Mar

Average Price per Sqft by Month

Regulatory Compliance — Dubai Land Department (RERA)

Permit Required
DLD Permit No.Pending — agent must add
Listed By—
Agency—
Permit Valid UntilNot provided

Verify this permit: dubailand.gov.ae/trakheesi-service

Alternatively, scan the permit in the official Dubai REST app (iOS & Android).

Rental Cost Analysis

Monthly Rent

AED 15,167

Annual: AED 182,000

AED 297/sqft per year

AED 182,000 per year

Estimated Move-in Costs

Security Deposit(5% of annual rent)
AED 9,100
Agency Commission(5% of annual rent)
AED 9,100
DEWA Deposit(Refundable)
AED 2,000
Ejari Registration(One-time fee)
AED 220
Total Move-in CostAED 20,420

Recent Apartment Rental Transactions

Similar apartments rented in Business Bay

AED 172K

Avg. Annual Rent

AED 230.39

Avg. /sqft (yr)

5

Rentals

AED 244K34.0% higher
14 Feb 2026 1 Bed 889 sqftAED 274/sqft
Rental Agreement
AED 167K8.5% lower
15 Jan 2026 1 Bed 823 sqftAED 202/sqft
Rental Agreement
AED 243K33.3% higher
15 Jan 2026 1 Bed 917 sqftAED 265/sqft
Rental Agreement
AED 82K55.0% lower
16 Nov 2025 1 Bed 395 sqftAED 207/sqft
Rental Agreement
AED 125K31.5% lower
17 Sept 2025 1 Bed 613 sqftAED 203/sqft
Rental Agreement

Transactions shown are for similar apartments in Business Bay. Prices may vary based on floor, view, and finishing.

Similar Properties

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