512, Millennium Binghatti Residences
Sold prices and rental history: sold once, by the developer in August 2021, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 512, Millennium Binghatti Residences
What is 512 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 8 November 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 1,099 sqft
- Floor
- 5th of 19
- Parking
- P1-47
- Developer
- Binghatti
- Completed
- 2021
- Service charge
- AED 21,100 /yr
- Last sold
- AED 920K · August 2021
- Building
- Millennium Binghatti Residences
About 512, Millennium Binghatti Residences
512 is a one-bedroom apartment of 1,099 sqft on the 5th floor of Millennium Binghatti Residences, a 19-storey tower in Business Bay completed in 2021 by Binghatti. The developer sold it on 15 August 2021 for AED 920,000, or AED 836 per sqft, 16% below the AED 992 one-beds in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 8 November 2024, is AED 115,000 a year: a gross yield of 12.5% on the 2021 price, before the service charge of about AED 21,100 a year.
Sales and rents for 512 over time
512 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Millennium Binghatti Residences, and where 512 sits
All 55 1-beds →512 last sold in August 2021 at AED 836 per sqft, 16% below what one-beds in Millennium Binghatti Residences were fetching at the time (AED 992). Over the last 12 months one-beds sold for AED 1,152,037 to 1,400,000, around AED 1,475 per sqft, and rent for AED 80,000 to 110,000 a year. 512's AED 115,000 is at the top of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 Feb 20266 February 2026 | 846 sqft | 1,250,000 | 1,478 | ||
| 22 Jan 202622 January 2026 | 813 sqft | 1,200,000 | 1,475 | ||
| 21 Jan 202621 January 2026 | 857 sqft | 1,400,000 | 1,633 | ||
| 16 Dec 202516 December 2025 | 829 sqft | 1,152,037 | 1,388 |
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 5th floor
All 236 units in Millennium Binghatti Residences| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,398 sqft | AED 1.1MAED 1,100,000 · Oct 2021October 2021 | 135,000 /yr | |
| 502 | Studio | 525 sqft | AED 650KAED 650,000 · Jun 2021June 2021 | 58,000 /yr | |
| 503 | 1-bed | 857 sqft | AED 1.4MAED 1,400,000 · Jan 2026January 2026 | ||
| 504 | 2-bed | 1,448 sqft | AED 1.56MAED 1,562,000 · Jun 2021June 2021 | 130,000 /yr | |
| 505 | Studio | 550 sqft | AED 720KAED 720,000 · Jan 2020January 2020 | 44,000 /yr | |
| 506 | Studio | 460 sqft | AED 1MAED 1,000,000 · Jul 2025July 2025 | 99,024 /yr | |
| 507 | Studio | 452 sqft | AED 684KAED 684,262 · Apr 2019April 2019 | 44,000 /yr | |
| 508 | 2-bed | 1,425 sqft | AED 2.2MAED 2,200,000 · Aug 2024August 2024 | ||
| 509 | Studio | 538 sqft | AED 600KAED 600,000 · Feb 2022February 2022 | 75,000 /yr | |
| 510 | Studio | 542 sqft | AED 1.02MAED 1,023,146 · Apr 2019April 2019 | ||
| 511 | 1-bed | 835 sqft | AED 1MAED 1,000,000 · Sep 2021September 2021 |
512, Millennium Binghatti Residences in numbers
- Sold once: by Binghatti on 15 August 2021 for AED 920,000, or AED 836 per sqft.
- Rented since December 2021 on 3 Ejari contracts, from AED 65,000 to AED 115,000 a year.
- At AED 115,000 a year the gross yield on the 2021 price is 12.5%, before a service charge of about AED 21,100 a year (AED 19.21 per sqft).
- One-beds in Millennium Binghatti Residences sold for AED 1,152,037–1,400,000 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 8 November 2024.
Questions about 512, Millennium Binghatti Residences
What did unit 512 last sell for?
AED 920,000 on 15 August 2021, sold by the developer: AED 836 per sqft for 1,099 sqft. It is the only registered sale of the unit.
What is the rent for unit 512?
AED 115,000 a year on the contract signed on 8 November 2024. The previous contract, from October 2023, was AED 120,000; the unit has been rented since December 2021.
How big is unit 512?
1,099 sqft (102.1 sqm): a one-bedroom apartment on the 5th floor of a 19-storey tower completed in 2021.
What is unit 512 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Millennium Binghatti Residences sold for AED 1,152,037 to 1,400,000 in the last 12 months, around AED 1,475 per sqft.
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Mortgage on 512, Millennium Binghatti Residences
Starts from the last sale price (AED 920K, 15 August 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 920,000
- Deposit, UAE resident (20%)
- AED 184,000
- Deposit, non-resident (40%)
- AED 368,000
- Monthly over 25 years at 3.7%
- AED 3,764
Plus AED 43,650 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →