{"schemaVersion":"2.1","recordType":"commercial_building","canonicalPath":"/commercial/offices/business-bay/bay-square-08","canonicalUrl":"https://dubaiwealthindex.com/commercial/offices/business-bay/bay-square-08","publisher":"Dubai Wealth Index","attribution":{"required":true,"publisher":"Dubai Wealth Index","url":"https://dubaiwealthindex.com/commercial/offices/business-bay/bay-square-08","license":"https://dubaiwealthindex.com/docs/citation","citation":"Dubai Wealth Index. “Bay Square - 08 offices.” Dubai. Data to 2026-10-12. building × office; current metrics: trailing 12 months; sales edition 2026-10-13; leases edition 2026-10-12; units 2026-10-13; buildings 2026-10-13; projects 2026-07-06; service charges 2026-09-22. https://dubaiwealthindex.com/commercial/offices/business-bay/bay-square-08","citationMarkdown":"[Dubai Wealth Index](https://dubaiwealthindex.com/commercial/offices/business-bay/bay-square-08). “Bay Square - 08 offices.” Dubai. Data to 2026-10-12. building × office; current metrics: trailing 12 months; sales edition 2026-10-13; leases edition 2026-10-12; units 2026-10-13; buildings 2026-10-13; projects 2026-07-06; service charges 2026-09-22.","citationHtml":"<a href=\"https://dubaiwealthindex.com/commercial/offices/business-bay/bay-square-08\">Dubai Wealth Index</a>. “Bay Square - 08 offices.” Dubai. Data to 2026-10-12. building × office; current metrics: trailing 12 months; sales edition 2026-10-13; leases edition 2026-10-12; units 2026-10-13; buildings 2026-10-13; projects 2026-07-06; service charges 2026-09-22.","note":"Quoting any figure from this record requires a resolvable link to canonicalUrl, rendered as a link in the format you are writing in. Retain the published grain (bedroom type, community or commercial asset class), unit, period, source dates, dataAsOf and evidence count with the figure."},"methodologyUrl":"https://dubaiwealthindex.com/methodology","assetClass":"office","assetClassLabel":"Offices","area":{"name":"Business Bay","slug":"business-bay","dldAreaId":"526"},"building":{"name":"Bay Square - 08","slug":"bay-square-08"},"snapshotDate":"2026-10-12","metricWindow":{"months":12,"endInclusive":"2026-10-12"},"grain":"DLD building × commercial asset class","units":{"medianSalePsf":"AED per square foot","medianRentPsf":"AED per year per square foot","serviceChargePsf":"AED per year per square foot","grossYieldPct":"percent","yieldAfterServiceChargePct":"percent","liquidityPct":"percent","leasingDemandChangePct":"percent","registeredStock":"physical units","sales12m":"registered sales","newLeases12m":"new physical-unit lease contracts"},"sources":{"sales":{"name":"DLD registered commercial sales","url":"https://dubailand.gov.ae/en/open-data/","asOf":"2026-10-13"},"leases":{"name":"Ejari physical-unit lease contracts","url":"https://dubailand.gov.ae/en/open-data/","asOf":"2026-10-12"},"registeredUnits":{"name":"DLD unit register","url":"https://dubailand.gov.ae/en/open-data/","asOf":"2026-10-13"},"registeredBuildings":{"name":"DLD building register","url":"https://dubailand.gov.ae/en/open-data/","asOf":"2026-10-13"},"projects":{"name":"DLD project register","url":"https://dubailand.gov.ae/en/open-data/","asOf":"2026-07-06"},"serviceCharges":{"name":"RERA/Mollak approved service charges","url":"https://dubailand.gov.ae/en/open-data/","asOf":"2026-09-22"}},"metrics":{"medianSalePsf":2850,"medianRentPsf":null,"grossYieldPct":null,"serviceChargePsf":null,"yieldAfterServiceChargePct":null,"sales12m":22,"newLeases12m":0,"priorNewLeases12m":0,"leasingDemandChangePct":null,"registeredStock":null,"totalStock":null,"liquidityPct":null,"virtualLeaseRowsExcluded":0,"evidenceConfidence":"low"},"monthly":[{"metric":"sale_psf","month":"2015-01-01","value":1111.86,"recordCount":71},{"metric":"sale_psf","month":"2023-01-01","value":1323.91,"recordCount":3},{"metric":"sale_psf","month":"2023-02-01","value":1413.96,"recordCount":5},{"metric":"sale_psf","month":"2023-03-01","value":1430.92,"recordCount":14},{"metric":"sale_psf","month":"2023-04-01","value":1423.83,"recordCount":6},{"metric":"sale_psf","month":"2023-05-01","value":1436.51,"recordCount":4},{"metric":"sale_psf","month":"2023-06-01","value":1450,"recordCount":5},{"metric":"sale_psf","month":"2023-07-01","value":1285.6,"recordCount":12},{"metric":"sale_psf","month":"2023-09-01","value":1427.02,"recordCount":9},{"metric":"sale_psf","month":"2023-10-01","value":1638.78,"recordCount":1},{"metric":"sale_psf","month":"2023-11-01","value":1571.06,"recordCount":1},{"metric":"sale_psf","month":"2024-01-01","value":1488.38,"recordCount":3},{"metric":"sale_psf","month":"2024-02-01","value":2462.58,"recordCount":1},{"metric":"sale_psf","month":"2024-04-01","value":1476.66,"recordCount":8},{"metric":"sale_psf","month":"2024-05-01","value":1160.57,"recordCount":8},{"metric":"sale_psf","month":"2024-08-01","value":1476.66,"recordCount":2},{"metric":"sale_psf","month":"2025-03-01","value":2818.83,"recordCount":3},{"metric":"sale_psf","month":"2025-04-01","value":1427.02,"recordCount":7},{"metric":"sale_psf","month":"2025-05-01","value":1451.83,"recordCount":2},{"metric":"sale_psf","month":"2025-07-01","value":1323.15,"recordCount":1},{"metric":"sale_psf","month":"2025-10-01","value":3540.01,"recordCount":1},{"metric":"sale_psf","month":"2025-11-01","value":2550.52,"recordCount":2},{"metric":"sale_psf","month":"2026-01-01","value":3427,"recordCount":5},{"metric":"sale_psf","month":"2026-02-01","value":3018.83,"recordCount":6},{"metric":"sale_psf","month":"2026-04-01","value":2437.03,"recordCount":3},{"metric":"sale_psf","month":"2026-07-01","value":2800.01,"recordCount":3},{"metric":"sale_psf","month":"2026-08-01","value":2850,"recordCount":2}],"methodology":"Building medians over the same trailing 12 months ending on snapshotDate. Sales are matched by the DLD building name; Ejari leases, registered units and service charges are matched through the DLD project and only where that project is this one building, so a tower in a multi-building project carries no rent. Gross yield is median registered annual new rent per square foot divided by median achieved sale price per square foot. Virtual units are excluded."}