1202, Millennium Binghatti Residences
Sold prices and rental history: sold once, by the developer in March 2021, and rented once, from October 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1202, Millennium Binghatti Residences
What is 1202 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 13 October 2024.
Key facts
- Type
- Studio apartment
- Size
- 522 sqft
- Floor
- 12th of 19
- Parking
- B1-50
- Developer
- Binghatti
- Completed
- 2021
- Service charge
- AED 10,000 /yr
- Last sold
- AED 672K · March 2021
- Building
- Millennium Binghatti Residences
About 1202, Millennium Binghatti Residences
1202 is a studio of 522 sqft on the 12th floor of Millennium Binghatti Residences, a 19-storey tower in Business Bay completed in 2021 by Binghatti. The developer sold it on 22 March 2021 for AED 672,073, or AED 1,286 per sqft, in line with the AED 1,266 studios in the building were fetching at the time.
One Ejari contract is registered, from 13 October 2024. The current contract, signed on 13 October 2024, is AED 80,000 a year: a gross yield of 11.9% on the 2021 price, before the service charge of about AED 10,000 a year.
Sales and rents for 1202 over time
1202 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Millennium Binghatti Residences, and where 1202 sits
All 116 studios →1202 last sold in March 2021 at AED 1,286 per sqft, in line with what studios in Millennium Binghatti Residences were fetching at the time (AED 1,266). Over the last 12 months studios sold for AED 950,000 to 1,150,000, around AED 2,143 per sqft, and rent for AED 68,000 to 85,000 a year. 1202's AED 80,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Jan 202622 January 2026 | 556 sqft | 950,000 | 1,708 | ||
| 11 Dec 202511 December 2025 | 446 sqft | 1,150,000 | 2,577 | ||
| 14 Jul 202514 July 2025 | 527 sqft | 810,000 | 1,537 | ||
| 4 Jul 20254 July 2025 | 460 sqft | 1,000,000 | 2,175 |
Millennium Binghatti Residences
Building236 apartments, studios to 2-bed over 19 floors in Business Bay, completed in 2021 by Binghatti. 8 sold in the last 12 months.
- Typical price per sqft
- AED 1,556
- Typical sale
- AED 1.23M
- Typical rent
- AED 90K /yr
- Typical yield
- 7.5%
Other units on the 12th floor
All 236 units in Millennium Binghatti Residences| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 2-bed | 1,382 sqft | AED 1.18MAED 1,179,807 · Nov 2020November 2020 | 112,000 /yr | |
| 1203 | 829 sqft | AED 882KAED 882,117 · Nov 2020November 2020 | 84,000 /yr | ||
| 1204 | 2-bed | 1,389 sqft | AED 2.13MAED 2,125,000 · Jun 2025June 2025 | ||
| 1205 | Studio | 523 sqft | AED 1.07MAED 1,069,628 · Jul 2019July 2019 | ||
| 1206 | Studio | 481 sqft | AED 660KAED 660,000 · Jul 2019July 2019 | ||
| 1207 | Studio | 425 sqft | AED 650KAED 650,000 · Mar 2020March 2020 | ||
| 1208 | 1,310 sqft | AED 2.55MAED 2,550,000 · Oct 2025October 2025 | 95,000 /yr | ||
| 1209 | Studio | 508 sqft | AED 640KAED 640,000 · Jun 2021June 2021 | 72,000 /yr | |
| 1210 | Studio | 533 sqft | AED 724KAED 724,104 · May 2021May 2021 | 75,000 /yr | |
| 1211 | 1-bed | 834 sqft | AED 1.18MAED 1,175,000 · Apr 2024April 2024 | 125,000 /yr | |
| 1212 | 1-bed | 1,082 sqft | AED 950KAED 950,000 · Nov 2021November 2021 | 82,000 /yr |
1202, Millennium Binghatti Residences in numbers
- Sold once: by Binghatti on 22 March 2021 for AED 672,073, or AED 1,286 per sqft.
- Rented since October 2024 on one Ejari contract, at AED 80,000 a year.
- At AED 80,000 a year the gross yield on the 2021 price is 11.9%, before a service charge of about AED 10,000 a year (AED 19.21 per sqft).
- Studios in Millennium Binghatti Residences sold for AED 950,000–1,150,000 in the 12 months to November 2026; the building's median across all types is AED 1,556 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 13 October 2024.
Questions about 1202, Millennium Binghatti Residences
What did unit 1202 last sell for?
AED 672,073 on 22 March 2021, sold by the developer: AED 1,286 per sqft for 522 sqft. It is the only registered sale of the unit.
What is the rent for unit 1202?
AED 80,000 a year on the contract signed on 13 October 2024.
How big is unit 1202?
522 sqft (48.5 sqm): a studio on the 12th floor of a 19-storey tower completed in 2021.
What is unit 1202 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Millennium Binghatti Residences sold for AED 950,000 to 1,150,000 in the last 12 months, around AED 2,143 per sqft.
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Mortgage on 1202, Millennium Binghatti Residences
Starts from the last sale price (AED 672K, 22 March 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 672,073
- Deposit, UAE resident (20%)
- AED 134,415
- Deposit, non-resident (40%)
- AED 268,829
- Monthly over 25 years at 3.7%
- AED 2,750
Plus AED 33,237 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →