1607, Millennium Binghatti Residences
Sold prices and rental history: sold once, by the developer in January 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1607, Millennium Binghatti Residences
What is 1607 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 20 July 2025.
Key facts
- Type
- Studio apartment
- Size
- 443 sqft
- Floor
- 16th of 19
- Parking
- B2-28
- Developer
- Binghatti
- Completed
- 2021
- Service charge
- AED 8,500 /yr
- Last sold
- AED 670K · January 2022
- Building
- Millennium Binghatti Residences
About 1607, Millennium Binghatti Residences
1607 is a studio of 443 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 12 January 2022 for AED 670,000, or AED 1,512 per sqft, 20% above the AED 1,257 studios in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 20 July 2025, is AED 80,000 a year: a gross yield of 11.9% on the 2022 price, before the service charge of about AED 8,500 a year.
Sales and rents for 1607 over time
1607 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 1607 sits
All 116 studios →1607 last sold in January 2022 at AED 1,512 per sqft, 20% above what studios in Millennium Binghatti Residences were fetching at the time (AED 1,257). 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. 1607'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 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 | ||
| 1606 | Studio | 465 sqft | AED 589KAED 588,704 · Sep 2020September 2020 | ||
| 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 |
1607, Millennium Binghatti Residences in numbers
- Sold once: by Binghatti on 12 January 2022 for AED 670,000, or AED 1,512 per sqft.
- Rented since March 2022 on 3 Ejari contracts, from AED 55,000 to AED 80,000 a year.
- At AED 80,000 a year the gross yield on the 2022 price is 11.9%, before a service charge of about AED 8,500 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 20 July 2025.
Questions about 1607, Millennium Binghatti Residences
What did unit 1607 last sell for?
AED 670,000 on 12 January 2022, sold by the developer: AED 1,512 per sqft for 443 sqft. It is the only registered sale of the unit.
What is the rent for unit 1607?
AED 80,000 a year on the contract renewed on 20 July 2025. The previous contract, from July 2024, was AED 80,000; the unit has been rented since March 2022.
How big is unit 1607?
443 sqft (41.2 sqm): a studio on the 16th floor of a 19-storey tower completed in 2021.
What is unit 1607 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 1607, Millennium Binghatti Residences
Starts from the last sale price (AED 670K, 12 January 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 670,000
- Deposit, UAE resident (20%)
- AED 134,000
- Deposit, non-resident (40%)
- AED 268,000
- Monthly over 25 years at 3.7%
- AED 2,741
Plus AED 33,150 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →