2-bed · 1,448 sqftMillennium Binghatti Residences, Business Bay · 3rd floor · completed 2021

304, Millennium Binghatti Residences

Sold prices and rental history: sold once, by the developer in June 2021, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 304 · DLD and Ejari recordsUpdated 27 February 2023
Last soldAED 1.46M16 June 2021
Current rentAED 100K /yr27 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 304, Millennium Binghatti Residences

What is 304 worth today?

Last sold for AED 1,459,260 in 2021

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27 Feb 2023RentedRenewal
AED 100,000/yr12 months · AED 67 per sqft
27 Feb 2022RentedNew contract
AED 95,000/yr12 months · AED 64 per sqft
16 Jun 2021Sold by developerOff-plan
AED 1,459,260AED 1,007 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 27 February 2023.

Key facts

Type
2-bed apartment
Size
1,448 sqft
Floor
3rd of 19
Parking
B1-06
Developer
Binghatti
Completed
2021
Service charge
AED 27,800 /yr
Last sold
AED 1.46M · June 2021

About 304, Millennium Binghatti Residences

304 is a two-bedroom apartment of 1,448 sqft on the 3rd 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 1,459,260, or AED 1,007 per sqft, in line with the AED 991 two-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 27 February 2023, is AED 100,000 a year: a gross yield of 6.9% on the 2021 price, before the service charge of about AED 27,800 a year.

Sales and rents for 304 over time

Sales
Unit 304, 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 1,459,260 (AED 1,007 per sqft)

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

Rents
Unit 304, each contractTypical two-bed in Millennium Binghatti Residences
100K125K150K2021202320252027Typical 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 137,500New contract, February 2022: AED 95,000 a yearRenewal, February 2023: AED 100,000 a year

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 304 sits

All 56 2-beds →

304 last sold in June 2021 at AED 1,007 per sqft, in line with 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. 304's AED 100,000 is at the bottom of that range.

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
3012-bedAED 1.3M · Aug 2018
302StudioAED 650K · Nov 2021
3031-bedAED 850K · Jan 2022
305StudioAED 775K · Nov 2018
306StudioAED 750K · Sep 2022
307AED 1M · Aug 2025
3082-bedAED 1.57M · Dec 2022
1–7 of 11

304, Millennium Binghatti Residences in numbers

  • Sold once: by Binghatti on 16 June 2021 for AED 1,459,260, or AED 1,007 per sqft.
  • Rented since February 2022 on 2 Ejari contracts, from AED 95,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2021 price is 6.9%, before a service charge of about AED 27,800 a year (AED 19.21 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 27 February 2023.

Questions about 304, Millennium Binghatti Residences

What did unit 304 last sell for?

AED 1,459,260 on 16 June 2021, sold by the developer: AED 1,007 per sqft for 1,448 sqft. It is the only registered sale of the unit.

What is the rent for unit 304?

AED 100,000 a year on the contract renewed on 27 February 2023. The previous contract, from February 2022, was AED 95,000.

How big is unit 304?

1,448 sqft (134.5 sqm): a two-bedroom apartment on the 3rd floor of a 19-storey tower completed in 2021.

What is unit 304 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 304, Millennium Binghatti Residences

Starts from the last sale price (AED 1.46M, 16 June 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,459,260
Deposit, UAE resident (20%)
AED 291,852
Deposit, non-resident (40%)
AED 583,704
Monthly over 25 years at 3.7%
AED 5,970

Plus AED 66,299 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →