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1-bed · 976 sqftPrive by Damac Tower A, Business Bay · 10th floor · completed 2019

1001, Prive by Damac Tower A

Sold prices and rental history: sold twice, last in June 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1001 · DLD and Ejari recordsUpdated 24 June 2024
Last soldAED 1.63M24 June 2024
Current rentAED 121K /yr2 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1001, Prive by Damac Tower A

What is 1001 worth today?

Last sold for AED 1,625,000 in 2024

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24 Jun 2024SoldReady
AED 1,625,000AED 1,664 per sqft
2 Feb 2024RentedRenewal
AED 120,805/yr5 months · AED 123 per sqft
28 Oct 2021RentedNew contract
AED 90,000/yr12 months · AED 92 per sqft
5 Dec 2013Sold by developerOff-plan
AED 1,896,770AED 1,943 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 24 June 2024.

Key facts

Type
1-bed apartment
Size
976 sqft
Floor
10th of 32
Parking
B-123
Developer
Namaa Properties Development
Completed
2019
Last sold
AED 1.63M · June 2024
Building
Prive by Damac Tower A

About 1001, Prive by Damac Tower A

1001 is a one-bedroom apartment of 976 sqft on the 10th floor of Prive by Damac Tower A, a 32-storey tower in Business Bay completed in 2019 by Namaa Properties Development. It last sold on 24 June 2024 for AED 1,625,000, or AED 1,664 per sqft, 17% below the AED 1,994 one-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 2 February 2024, is AED 120,805 a year: a gross yield of 7.4% on the 2024 price.

Sales and rents for 1001 over time

Sales
Unit 1001, each saleTypical one-bed in Prive by Damac Tower A
1.5M2M2013201720212025Typical sale price by year: 2013 AED 1,927,450; 2014 AED 2,066,835; 2017 AED 1,953,000; 2018 AED 1,942,980; 2019 AED 1,862,000; 2020 AED 1,536,530; 2021 AED 1,507,000; 2022 AED 1,620,000; 2023 AED 1,715,000; 2024 AED 1,700,000; 2025 AED 1,650,000Sold by developer, December 2013: AED 1,896,770 (AED 1,943 per sqft)Sold, June 2024: AED 1,625,000 (AED 1,664 per sqft)

1001 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1001, each contractTypical one-bed in Prive by Damac Tower A
75K100K125K2020202220242026Typical rent by year: 2020 AED 75,000; 2021 AED 75,000; 2022 AED 86,500; 2023 AED 110,000; 2024 AED 115,000; 2025 AED 120,000; 2026 AED 126,500New contract, October 2021: AED 90,000 a yearRenewal, February 2024: AED 120,805 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Prive by Damac Tower A, and where 1001 sits

All 92 1-beds →

1001 last sold in June 2024 at AED 1,664 per sqft, 17% below what one-beds in Prive by Damac Tower A were fetching at the time (AED 1,994). Over the last 12 months one-beds sold for AED 1,700,000 to 1,750,000, around AED 1,818 per sqft, and rent for AED 105,000 to 140,000 a year. 1001's AED 120,805 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
11 Feb 20261,700,000
6 Feb 20261,736,782
16 Jun 20251,700,000
28 Apr 20251,650,000
4 1-bed sales in the last 12 months

Prive by Damac Tower A

Building

516 apartments, studios to 2-bed over 32 floors in Business Bay, completed in 2019 by Namaa Properties Development. 13 sold in the last 12 months.

Typical price per sqft
AED 2,335 Down 1.3%
Typical sale
AED 1.07M
Typical rent
AED 80K /yr
Typical yield
7.3%
Prive by Damac Tower A, Business Bay: prices, sales and rents →

Other units on the 10th floor

All 516 units in Prive by Damac Tower A
Value
1002StudioAED 998K · Jul 2023
1003StudioAED 956K · Jul 2023
1004StudioAED 850K · Jan 2023
1005StudioAED 1.07M · Jun 2024
1006StudioAED 1.1M · Jul 2023
1007StudioAED 1.08M · Dec 2013
1008StudioAED 802K · Oct 2021
1–7 of 16

1001, Prive by Damac Tower A in numbers

  • Sold twice: first on 5 December 2013 for AED 1,896,770, last on 24 June 2024 for AED 1,625,000 (AED 1,664 per sqft).
  • Rented since October 2021 on 2 Ejari contracts, from AED 90,000 to AED 120,805 a year.
  • At AED 120,805 a year the gross yield on the 2024 price is 7.4%.
  • One-beds in Prive by Damac Tower A sold for AED 1,700,000–1,750,000 in the 12 months to November 2026; the building's median across all types is AED 2,335 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 24 June 2024.

Questions about 1001, Prive by Damac Tower A

What did unit 1001 last sell for?

AED 1,625,000 on 24 June 2024: AED 1,664 per sqft for 976 sqft. The unit has 2 registered sales; the first was AED 1,896,770 in December 2013.

What is the rent for unit 1001?

AED 120,805 a year on the contract renewed on 2 February 2024. The previous contract, from October 2021, was AED 90,000.

How big is unit 1001?

976 sqft (90.7 sqm): a one-bedroom apartment on the 10th floor of a 32-storey tower completed in 2019.

What is unit 1001 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Prive by Damac Tower A sold for AED 1,700,000 to 1,750,000 in the last 12 months, around AED 1,818 per sqft.

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Mortgage on 1001, Prive by Damac Tower A

Starts from the last sale price (AED 1.63M, 24 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,625,000
Deposit, UAE resident (20%)
AED 325,000
Deposit, non-resident (40%)
AED 650,000
Monthly over 25 years at 3.7%
AED 6,648

Plus AED 73,260 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →