602, Millennium Binghatti Residences
Sold prices and rental history: sold once, by the developer in July 2021, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 602, Millennium Binghatti Residences
What is 602 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 3 March 2025.
Key facts
- Type
- Studio apartment
- Size
- 537 sqft
- Floor
- 6th of 19
- Parking
- B1-14
- Developer
- Binghatti
- Completed
- 2021
- Service charge
- AED 10,300 /yr
- Last sold
- AED 652K · July 2021
- Building
- Millennium Binghatti Residences
About 602, Millennium Binghatti Residences
602 is a studio of 537 sqft on the 6th floor of Millennium Binghatti Residences, a 19-storey tower in Business Bay completed in 2021 by Binghatti. The developer sold it on 29 July 2021 for AED 652,200, or AED 1,213 per sqft, in line with the AED 1,238 studios in the building were fetching at the time.
It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 3 March 2025, is AED 70,000 a year: a gross yield of 10.7% on the 2021 price, before the service charge of about AED 10,300 a year.
Sales and rents for 602 over time
602 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 602 sits
All 116 studios →602 last sold in July 2021 at AED 1,213 per sqft, in line with what studios in Millennium Binghatti Residences were fetching at the time (AED 1,238). 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. 602's AED 70,000 is in the lower 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 6th floor
All 236 units in Millennium Binghatti Residences| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 2-bed | 1,393 sqft | AED 1.19MAED 1,190,000 · Jul 2018July 2018 | 140,000 /yr | |
| 603 | 880 sqft | AED 1.25MAED 1,250,000 · Sep 2025September 2025 | 80,000 /yr | ||
| 604 | 2-bed | 1,484 sqft | AED 1.46MAED 1,460,000 · May 2022May 2022 | ||
| 605 | Studio | 552 sqft | AED 776KAED 775,824 · Apr 2019April 2019 | 72,000 /yr | |
| 606 | Studio | 458 sqft | AED 750KAED 750,000 · Sep 2022September 2022 | 62,000 /yr | |
| 607 | Studio | 454 sqft | AED 920KAED 920,000 · Dec 2023December 2023 | 75,000 /yr | |
| 608 | 2-bed | 1,405 sqft | AED 1.45MAED 1,450,000 · Aug 2021August 2021 | 150,000 /yr | |
| 609 | Studio | 547 sqft | AED 900KAED 900,000 · Feb 2025February 2025 | 60,000 /yr | |
| 610 | Studio | 556 sqft | AED 950KAED 950,000 · Jan 2026January 2026 | ||
| 611 | 1-bed | 852 sqft | AED 1.05MAED 1,047,000 · Nov 2019November 2019 | 84,000 /yr | |
| 612 | 1-bed | 1,091 sqft | AED 1.52MAED 1,520,433 · Apr 2020April 2020 |
602, Millennium Binghatti Residences in numbers
- Sold once: by Binghatti on 29 July 2021 for AED 652,200, or AED 1,213 per sqft.
- Rented since January 2022 on 4 Ejari contracts, from AED 40,000 to AED 70,000 a year.
- At AED 70,000 a year the gross yield on the 2021 price is 10.7%, before a service charge of about AED 10,300 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 3 March 2025.
Questions about 602, Millennium Binghatti Residences
What did unit 602 last sell for?
AED 652,200 on 29 July 2021, sold by the developer: AED 1,213 per sqft for 537 sqft. It is the only registered sale of the unit.
What is the rent for unit 602?
AED 70,000 a year on the contract signed on 3 March 2025. The previous contract, from January 2024, was AED 48,400; the unit has been rented since January 2022.
How big is unit 602?
537 sqft (49.9 sqm): a studio on the 6th floor of a 19-storey tower completed in 2021.
What is unit 602 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 602, Millennium Binghatti Residences
Starts from the last sale price (AED 652K, 29 July 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 652,200
- Deposit, UAE resident (20%)
- AED 130,440
- Deposit, non-resident (40%)
- AED 260,880
- Monthly over 25 years at 3.7%
- AED 2,668
Plus AED 32,402 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →