Studio · 475 sqftMillennium Binghatti Residences, Business Bay · 14th floor · completed 2021

1406, Millennium Binghatti Residences

Sold prices and rental history: sold once, by the developer in April 2019, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1406 · DLD and Ejari recordsUpdated 16 April 2019
Last soldAED 963K16 April 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1406, Millennium Binghatti Residences

What is 1406 worth today?

Last sold for AED 962,598 in 2019

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16 Apr 2019Sold by developerOff-plan
AED 962,598AED 2,026 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 16 April 2019.

Key facts

Type
Studio apartment
Size
475 sqft
Floor
14th of 19
Parking
P2-12
Developer
Binghatti
Completed
2021
Service charge
AED 9,100 /yr
Last sold
AED 963K · April 2019

About 1406, Millennium Binghatti Residences

1406 is a studio of 475 sqft on the 14th floor of Millennium Binghatti Residences, a 19-storey tower in Business Bay completed in 2021 by Binghatti. The developer sold it on 16 April 2019 for AED 962,598, or AED 2,026 per sqft, 13% above the AED 1,787 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1406 over time

Sales
Unit 1406, each saleTypical studio in Millennium Binghatti Residences
600K800K1M20182020202220242026Typical sale price by year: 2018 AED 768,500; 2019 AED 974,171; 2020 AED 682,000; 2021 AED 650,000; 2022 AED 605,000; 2023 AED 900,000; 2024 AED 950,000; 2025 AED 920,000Sold by developer, April 2019: AED 962,598 (AED 2,026 per sqft)

1406 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1406, each contractTypical studio in Millennium Binghatti Residences
60K2021202320252027Typical rent by year: 2021 AED 48,500; 2022 AED 50,000; 2023 AED 60,000; 2024 AED 70,000; 2025 AED 72,265; 2026 AED 72,595

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 1406 sits

All 116 studios →

1406 last sold in April 2019 at AED 2,026 per sqft, 13% above what studios in Millennium Binghatti Residences were fetching at the time (AED 1,787). 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.

Recent studio salesUnit no.Price (AED)Summary
22 Jan 2026950,000
11 Dec 20251,150,000
14 Jul 2025810,000
4 Jul 20251,000,000
2 studio sales in the last 12 months

Millennium Binghatti Residences

Building

236 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%
Millennium Binghatti Residences, Business Bay: prices, sales and rents →
Value
14012-bedAED 1.35M · Jul 2023
1402StudioAED 1M · Feb 2020
14031-bedAED 1.4M · Jun 2019
14042-bedAED 1.54M · Mar 2021
1405StudioAED 760K · Dec 2019
1407StudioAED 1M · Jul 2019
14082-bedAED 1.59M · Nov 2020
1–7 of 11

1406, Millennium Binghatti Residences in numbers

  • Sold once: by Binghatti on 16 April 2019 for AED 962,598, or AED 2,026 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 16 April 2019.

Questions about 1406, Millennium Binghatti Residences

What did unit 1406 last sell for?

AED 962,598 on 16 April 2019, sold by the developer: AED 2,026 per sqft for 475 sqft. It is the only registered sale of the unit.

How big is unit 1406?

475 sqft (44.1 sqm): a studio on the 14th floor of a 19-storey tower completed in 2021.

What is unit 1406 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 1406, Millennium Binghatti Residences

Starts from the last sale price (AED 963K, 16 April 2019). Switch to today's estimate once you have unlocked it.
Price
AED 962,598
Deposit, UAE resident (20%)
AED 192,520
Deposit, non-resident (40%)
AED 385,039
Monthly over 25 years at 3.7%
AED 3,938

Plus AED 45,439 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →