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2-bed · 1,628 sqftMillennium Binghatti Residences, Business Bay · completed 2021

R02, 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.

Unit R02 · DLD and Ejari recordsUpdated 1 March 2026
Last soldAED 1.6M29 July 2021
Current rentAED 147K /yr1 March 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for R02, Millennium Binghatti Residences

What is R02 worth today?

Last sold for AED 1,600,000 in 2021

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1 Mar 2026RentedRenewal
AED 147,000/yr12 months · AED 90 per sqft
1 Mar 2025RentedRenewal
AED 147,000/yr12 months · AED 90 per sqft
20 Feb 2023RentedNew contract
AED 120,000/yr12 months · AED 74 per sqft
20 Feb 2023RentedNew contract
AED 120,000/yr12 months · AED 74 per sqft
20 Feb 2022RentedNew contract
AED 100,000/yr12 months · AED 62 per sqft
29 Jul 2021Sold by developerOff-plan
AED 1,600,000AED 982 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 March 2026.

Key facts

Type
2-bed apartment
Size
1,628 sqft
Parking
P1-48
Developer
Binghatti
Completed
2021
Service charge
AED 31,300 /yr
Last sold
AED 1.6M · July 2021
Building
Millennium Binghatti Residences

About R02, Millennium Binghatti Residences

R02 is a two-bedroom apartment of 1,628 sqft 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 1,600,000, or AED 982 per sqft, in line with the AED 988 two-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, renewed on 1 March 2026, is AED 147,000 a year: a gross yield of 9.2% on the 2021 price, before the service charge of about AED 31,300 a year.

Sales and rents for R02 over time

Sales
Unit R02, 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, July 2021: AED 1,600,000 (AED 982 per sqft)

R02 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit R02, 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 100,000 a yearNew contract, February 2023: AED 120,000 a yearNew contract, February 2023: AED 120,000 a yearRenewal, March 2025: AED 147,000 a yearRenewal, March 2026: AED 147,000 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 R02 sits

All 56 2-beds →

R02 last sold in July 2021 at AED 982 per sqft, in line with what two-beds in Millennium Binghatti Residences were fetching at the time (AED 988). 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. R02's AED 147,000 is in the upper half 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 85K /yr
Typical yield
7.6%
Millennium Binghatti Residences, Business Bay: prices, sales and rents →

R02, Millennium Binghatti Residences in numbers

  • Sold once: by Binghatti on 29 July 2021 for AED 1,600,000, or AED 982 per sqft.
  • Rented since February 2022 on 5 Ejari contracts, from AED 100,000 to AED 147,000 a year.
  • At AED 147,000 a year the gross yield on the 2021 price is 9.2%, before a service charge of about AED 31,300 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 1 March 2026.

Questions about R02, Millennium Binghatti Residences

What did unit R02 last sell for?

AED 1,600,000 on 29 July 2021, sold by the developer: AED 982 per sqft for 1,628 sqft. It is the only registered sale of the unit.

What is the rent for unit R02?

AED 147,000 a year on the contract renewed on 1 March 2026. The previous contract, from March 2025, was AED 147,000; the unit has been rented since February 2022.

How big is unit R02?

1,628 sqft (151.2 sqm): a two-bedroom apartment of a 19-storey tower completed in 2021.

What is unit R02 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 R02, Millennium Binghatti Residences

Starts from the last sale price (AED 1.6M, 29 July 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

Plus AED 72,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →