Unit 1508, Binghatti Canal: what it sold for and what it is worth now

Unit 1508 at Binghatti Canal is a studio of 488 sq ft. It last sold for AED 1,360,000 on 12 Dec 2023. At AED 2,357 per sq ft, from 5 sales of units ending 08 (same position in the tower), it is worth about AED 1,150,000 today.

Value todayAED 1,150,000AED 1,047,000 to AED 1,315,000
Last saleAED 1,360,00012 Dec 2023 · Resale
Change since last sale-15.4%Building trend alone: AED 1,351,238
Rent (median asking, studio)AED 70,000Gross yield 6.1%
Bedroomsstudio
Size488 sq ft
Floor15 (from the unit number)
Position in the towerStack 08: units ending 08 share the same layout and view
BuildingBinghatti Canal by Binghatti Developers, handed over 2023
Registered sales of this unit3

Every registered sale of unit 1508

DatePriceSizeAED/sq ftType
12 Dec 2023AED 1,360,000488 sq ft2,787Resale
10 Apr 2023AED 955,000488 sq ft1,957Off-plan
22 Jun 2022AED 600,000488 sq ft1,230Off-plan

Units ending 08 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
60816 Oct 2026AED 980,000488 sq ft2,008Resale
3086 Mar 2026AED 1,350,000488 sq ft2,766Resale
100820 Mar 2025AED 1,315,000488 sq ft2,695Resale
210813 Feb 2025AED 970,000452 sq ft2,146Resale
20830 Nov 2024AED 1,150,000488 sq ft2,357Resale
40823 Jul 2024AED 1,340,000488 sq ft2,746Resale
100812 Jan 2024AED 1,230,000488 sq ft2,520Resale
40821 Aug 2023AED 1,000,000488 sq ft2,049Resale

Latest studio sales in Binghatti Canal

UnitDatePriceSizeAED/sq ftType
60816 Oct 2026AED 980,000488 sq ft2,008Resale
3086 Mar 2026AED 1,350,000488 sq ft2,766Resale
50111 Dec 2025AED 980,000450 sq ft2,178Resale
18073 Dec 2025AED 1,270,000492 sq ft2,581Resale
31412 Nov 2025AED 980,000450 sq ft2,178Resale
30729 Sep 2025AED 1,290,000491 sq ft2,627Resale
140714 Aug 2025AED 1,150,000492 sq ft2,337Resale
100820 Mar 2025AED 1,315,000488 sq ft2,695Resale

How we worked out the value

We took the 5 resale sales of units ending 08 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 2,357). We multiplied it by the size of this unit (488 sq ft). The range uses the middle half of those sales (AED 2,146 to AED 2,695 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 1,351,238. Floor, view, condition and upgrades can move the price either way. Sales data to 16 Oct 2026, from the Dubai Land Department register.

Questions

What is unit 1508 at Binghatti Canal worth?

About AED 1,150,000 (range AED 1,047,000 to AED 1,315,000), based on AED 2,357 per sq ft from registered sales up to 16 Oct 2026.

When did unit 1508 last sell?

12 Dec 2023, for AED 1,360,000 (resale). It has 3 registered sales.

What rent can unit 1508 make?

A studio in Binghatti Canal rents for about AED 70,000 a year (median asking rent). That is a gross yield of 6.1% on the estimate.

Sales alert for Binghatti CanalAll sales in Binghatti Canal

Unit 1507 · Unit 1509