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Sold for AED 1,166,000: Office in Park Lane Tower

Located in Business Bay, Dubai. Its price per sqft is −16% vs the Park Lane Tower median (AED 2,028/sqft).

All Business Bay salesPark Lane Tower prices

Sale price

AED 1,166,000

Per sqft
AED 1,696
Registered
30 Sept 2026, 14:10 (Dubai)
Park Lane Tower, Dubai

01 / Price history

This unit's history

This is the only registration of this unit on record (same layout, exact size and parking bay B1-126).

Comparable sales

02 / The property

Property details

Size
687 sqft · 63.87 m²
Bedrooms
Office
Registered as
Sale
Property sub-type
Office
Usage
Residential
Tenure
Freehold
Parking
B1-126
Nearest metro
Business Bay Metro Station
Nearest mall
Dubai Mall
Nearest landmark
Downtown Dubai

03 / Comparables

All sales in Park Lane Tower (7 Jan 2026 – 5 Oct 2026)

22 market sales. Percentages compare each sale with this one.

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Comparable market sales. Change is relative to the selected sale.
Sale recordRecordedValue · AEDAED / sqft
5 Oct 2026550K−53% vs selected2,486+47% vs selected
1 Oct 20262M+72% vs selected2,317+37% vs selected
Office · 687 sqftReadySelected sale
30 Sept 20261.17M1,696
29 Sept 20261.04M−11% vs selected1,459−14% vs selected
24 Sept 20261.08M−7% vs selected2,010+19% vs selected
24 Sept 2026865K−26% vs selected2,293+35% vs selected
19 Aug 2026640K−45% vs selected2,502+48% vs selected
5 Aug 2026885K−24% vs selected1,736+2% vs selected
22 Jul 2026950K−19% vs selected1,904+12% vs selected
21 Jul 2026775K−34% vs selected2,084+23% vs selected
20 Jul 2026940K−19% vs selected2,394+41% vs selected
16 Apr 2026700K−40% vs selected1,904+12% vs selected
13 Mar 20261.14M−2% vs selected2,324+37% vs selected
24 Feb 2026745.21K−36% vs selected1,511−11% vs selected
24 Feb 20261.16M−1% vs selected2,281+34% vs selected
24 Feb 20261.05M−10% vs selected2,031+20% vs selected
10 Feb 20261M−14% vs selected2,355+39% vs selected
5 Feb 2026520K−55% vs selected1,618−5% vs selected
2 Feb 2026933.91K−20% vs selected1,894+12% vs selected
29 Jan 20261.26M+8% vs selected1,917+13% vs selected
13 Jan 20261.08M−7% vs selected2,045+21% vs selected
7 Jan 20261.18M+1% vs selected2,026+19% vs selected

04 / Renting it out

What similar offices rent for

Median of 24 market rents of offices of 584–791 sq ft in Business Bay. The gross yield is that rent against this sale's price, before service charges, fees and empty months.

See these contracts
Median rent / yr
AED 110,000
Per sqft / yr
AED 159/sqft
Gross yield
9.4%