1606, Millennium Binghatti Residences
Sold prices and rental history: sold once, by the developer in September 2020, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1606, Millennium Binghatti Residences
What is 1606 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 22 September 2020.
Key facts
- Type
- Studio apartment
- Size
- 465 sqft
- Floor
- 16th of 19
- Parking
- B2-29
- Developer
- Binghatti
- Completed
- 2021
- Service charge
- AED 8,900 /yr
- Last sold
- AED 589K · September 2020
- Building
- Millennium Binghatti Residences
About 1606, Millennium Binghatti Residences
1606 is a studio of 465 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 22 September 2020 for AED 588,704, or AED 1,266 per sqft, 13% below the AED 1,448 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1606 over time
1606 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 1606 sits
All 116 studios →1606 last sold in September 2020 at AED 1,266 per sqft, 13% below what studios in Millennium Binghatti Residences were fetching at the time (AED 1,448). 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 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 16th floor
All 236 units in Millennium Binghatti Residences| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,414 sqft | AED 1.14MAED 1,138,634 · Jun 2021June 2021 | 115,000 /yr | |
| 1602 | Studio | 523 sqft | AED 600KAED 600,000 · Feb 2022February 2022 | 70,000 /yr | |
| 1603 | 1-bed | 822 sqft | AED 1.41MAED 1,412,570 · Jun 2019June 2019 | ||
| 1604 | 2-bed | 1,448 sqft | AED 1.52MAED 1,515,490 · Jun 2021June 2021 | ||
| 1605 | Studio | 541 sqft | AED 1.13MAED 1,133,584 · Jan 2020January 2020 | ||
| 1607 | Studio | 443 sqft | AED 670KAED 670,000 · Jan 2022January 2022 | 80,000 /yr | |
| 1608 | 2-bed | 1,419 sqft | AED 1.65MAED 1,650,000 · Sep 2022September 2022 | 130,000 /yr | |
| 1609 | Studio | 518 sqft | AED 650KAED 650,000 · Aug 2021August 2021 | 75,000 /yr | |
| 1610 | Studio | 527 sqft | AED 620KAED 620,000 · Nov 2021November 2021 | ||
| 1611 | 1-bed | 841 sqft | AED 1.52MAED 1,518,588 · Jun 2019June 2019 | ||
| 1612 | 1-bed | 1,107 sqft | AED 900KAED 900,000 · Feb 2022February 2022 | 100,000 /yr |
1606, Millennium Binghatti Residences in numbers
- Sold once: by Binghatti on 22 September 2020 for AED 588,704, or AED 1,266 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 22 September 2020.
Questions about 1606, Millennium Binghatti Residences
What did unit 1606 last sell for?
AED 588,704 on 22 September 2020, sold by the developer: AED 1,266 per sqft for 465 sqft. It is the only registered sale of the unit.
How big is unit 1606?
465 sqft (43.2 sqm): a studio on the 16th floor of a 19-storey tower completed in 2021.
What is unit 1606 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 1606, Millennium Binghatti Residences
Starts from the last sale price (AED 589K, 22 September 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 588,704
- Deposit, UAE resident (20%)
- AED 117,741
- Deposit, non-resident (40%)
- AED 235,482
- Monthly over 25 years at 3.7%
- AED 2,409
Plus AED 29,735 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →