2-bed · 1,448 sqftMillennium Binghatti Residences, Business Bay · 16th floor · completed 2021

1604, Millennium Binghatti Residences

Sold prices and rental history: sold once, by the developer in June 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1604 · DLD and Ejari recordsUpdated 16 June 2021
Last soldAED 1.52M16 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1604, Millennium Binghatti Residences

What is 1604 worth today?

Last sold for AED 1,515,490 in 2021

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16 Jun 2021Sold by developerOff-plan
AED 1,515,490AED 1,046 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 16 June 2021.

Key facts

Type
2-bed apartment
Size
1,448 sqft
Floor
16th of 19
Parking
B2-51
Developer
Binghatti
Completed
2021
Service charge
AED 27,800 /yr
Last sold
AED 1.52M · June 2021

About 1604, Millennium Binghatti Residences

1604 is a two-bedroom apartment of 1,448 sqft on the 16th floor of Millennium Binghatti Residences, a 19-storey tower in Business Bay completed in 2021 by Binghatti. The developer sold it on 16 June 2021 for AED 1,515,490, or AED 1,046 per sqft, 6% above the AED 991 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1604 over time

Sales
Unit 1604, each saleTypical two-bed in Millennium Binghatti Residences
1.5M2018202020222024Typical sale price by year: 2018 AED 1,400,000; 2019 AED 1,214,000; 2020 AED 1,546,478; 2021 AED 1,400,000; 2022 AED 1,380,000; 2023 AED 1,350,000; 2024 AED 1,875,000Sold by developer, June 2021: AED 1,515,490 (AED 1,046 per sqft)

1604 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1604, each contractTypical two-bed in Millennium Binghatti Residences
100K120K140K2021202320252027Typical rent by year: 2021 AED 102,500; 2022 AED 105,000; 2023 AED 120,000; 2024 AED 130,000; 2025 AED 142,000; 2026 AED 137,500

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Millennium Binghatti Residences, and where 1604 sits

All 56 2-beds →

1604 last sold in June 2021 at AED 1,046 per sqft, 6% above what two-beds in Millennium Binghatti Residences were fetching at the time (AED 991). Over the last 12 months two-beds sold for AED 2,360,000, around AED 1,652 per sqft, and rent for AED 125,000 to 150,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
6 Feb 20262,360,000
2 Jun 20252,125,000
10 Feb 20251,610,000
28 Oct 20241,200,000
1 2-bed sale 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
16012-bedAED 1.14M · Jun 2021
1602StudioAED 600K · Feb 2022
16031-bedAED 1.41M · Jun 2019
1605StudioAED 1.13M · Jan 2020
1606StudioAED 589K · Sep 2020
1607StudioAED 670K · Jan 2022
16082-bedAED 1.65M · Sep 2022
1–7 of 11

1604, Millennium Binghatti Residences in numbers

  • Sold once: by Binghatti on 16 June 2021 for AED 1,515,490, or AED 1,046 per sqft.
  • Two-beds in Millennium Binghatti Residences sold for AED 2,360,000–2,360,000 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 June 2021.

Questions about 1604, Millennium Binghatti Residences

What did unit 1604 last sell for?

AED 1,515,490 on 16 June 2021, sold by the developer: AED 1,046 per sqft for 1,448 sqft. It is the only registered sale of the unit.

How big is unit 1604?

1,448 sqft (134.5 sqm): a two-bedroom apartment on the 16th floor of a 19-storey tower completed in 2021.

What is unit 1604 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Millennium Binghatti Residences sold for AED 2,360,000 to 2,360,000 in the last 12 months, around AED 1,652 per sqft.

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Mortgage on 1604, Millennium Binghatti Residences

Starts from the last sale price (AED 1.52M, 16 June 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,515,490
Deposit, UAE resident (20%)
AED 303,098
Deposit, non-resident (40%)
AED 606,196
Monthly over 25 years at 3.7%
AED 6,200

Plus AED 68,661 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →